MANILA, Philippines—The top management of the state-run Social Security System (SSS) on Wednesday (Dec. 23) said pushing through with the scheduled increase in private sector employees’ fees to 13 percent next year would not only prolong pension funds but also raise future benefits for members and pensioners.
The SSS, however, shunned calls to give away another P1,000 per month in additional pension benefits—a campaign promise of President Rodrigo Duterte—during the pandemic as it was also struggling as a result of an extended quarantine that led to thousands of businesses being shuttered and millions of Filipinos jobless.
SSS president and chief executive Aurora C. Ignacio told …
Keep on reading: SSS says fee hike in January to prolong pension fund life, raise future benefits