MANILA, Philippines — The Senate on Monday approved on second reading a measure that would grant the president the power to suspend the increases in contributions of the Social Security System (SSS) in times of declared national emergency or state of calamity.
Senate Bill No. 2027 was passed during the plenary session. The proposed measure 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.
The Social Security Act of 2018 allowed the Social Security Commission, the highest governing body of the SSS, to increase the contribution rate by 1 percent every other year sta…
Keep on reading: Senate OKs bill granting president power to suspend SSS contribution hike on 2nd reading