Tag Archives: Senate Bill No. 2879

5 Reasons Why the SSS Pension Must be Increased by P2,000

President Benigno Aquino vetoed the proposed law increasing the monthly Social Security System (SSS) pension by P2,000. According to President Aquino, the pension increase will result in the bankruptcy of the SSS in the next 11 years. If we ask the millions of retired workers, they will most likely say that the existing pension is not enough for their daily subsistence. One of the sponsors of the propose law, Senator Cynthia Villar, explained the reasons why the monthly SSS pension should be increased by two thousand pesos (PhP2,000) across the board. Here are portions lifted/revised from the sponsorship speech of Senator Villar:

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PNoy Made a Mistake in Vetoing the P2,000 SSS Monthly Pension Increase?

Congress passed a bill proposing an increase in the monthly Social Security System (SSS) pension by P2,000. President Aquino vetoed the proposed law because, according to him, the increase will result to the bankruptcy of the SSS in the next 11 years. On the other hand, there seems to be nothing erroneous in the statements of Senator Cynthia Villar in her sponsorship speech of Committee Report 213 (incidentally, the speech also addresses the “scary” scenario that the SSS will go bankrupt). Incidentally, there’s another piece of legislation under watch by female employees — the 100-day maternity leave. Full text of the speech reproduced below. Feel free to express your thoughts on the matter through the comment section below. Continue reading