MANILA, Philippines — The Senate on Monday approved on third and final reading a measure that would grant the president the power to suspend increases in premium contributions of the Social Security System (SSS) during times of declared national emergency or state of calamity.
Voting 21-0, senators approved Senate Bill No. 2027, which seeks to authorize the president to hold off the SSS contribution hike for a limited period of six months.
The deferment could be extended for a further six months.
“If the pandemic is a continuing disaster, the playbook on how to handle it must remain a work in progress. This bill is the latest entry in our COVID response manual,” Senate Preside…
Keep on reading: Bill empowering president to defer SSS contribution hike gets final Senate nod