MANILA, Philippines — Deferring the scheduled hike in contribution of members of Social Security System (SSS) will “bring more difficult times” for the agency, SSS president and chief executive officer Aurora Ignaciosaid Monday.
During the online meeting of the House committee on public accounts, Ignacio reiterated their opposition towards the bid to defer the scheduled increase in contribution rate amid the coronavirus pandemic, citing studies thatby the year 2045, expenses incurred would far outweigh SSS contributions.
“The position of the SSS is not to conform to the requested or the proposed deferment simply because it is going to be a threat to the solvency of the unfund…
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