The proposal for a PhP 2,000 Social Security System (SSS) pension hike was rejected recently. The government reasoned out that approving it will result to the agency going bankrupt in about 11 years. Moreover, the government also said that the rejection is due to thinking about the future, that if they approve it, current members who will be pensioners in the future might not be able to avail of its benefits.
However, this has gained a lot of criticisms online. Some netizens said that it is unlikely for SSS to go bankrupt if they polish some rough edges inside the agency.
Even the Catholic Bishops’ Conference of the Philippines (CBCP) reacted on this saying that the rejection is an anti-poor policy.
In relation to all to SSS pension hike issue, a netizen posted on Facebook about how much SSS officials made in 2014. This is based on the Commission on Audit (COA) report on salaries and allowances in 2014. If you want to verify, you can get a copy here.
According to the post, “Despite a dismal 38% collection efficiency rate, SSS officials are rewarded with huge salaries, allowances, and bonuses.”
Can anyone enlighten us why the pension hike was rejected yet officials get a sizable reward for having a 38% collection efficiency rate?