January 17, 2017
Bam: Improve SSS collection efficiency, not increase in premium
Instead of increasing premium of members, the Social Security System (SSS) should improve its collection efficiency in order to deliver the P1,000 raise in pension without affecting the agency's financial viability.
"The collection efficiency right now is about 40 percent and that needs to go higher," Sen. Bam Aquino said during a television interview.
"What we want to see is, can we provide this P1,000 increase in pension and do the measures to increase efficiency upang mahabol ang kabawasan sa pondo sa SSS," he added.
The senator said the planned 1.5-percent increase in contribution in May will be an additional burden and less take home pay for ordinary Filipino workers.
Earlier, Sen. Bam called on the SSS to consult employers and employees organizations first before fully implementing the increase in premium.
"Siguro kailangan din nating tingnan ang mga numero. Sana ang SSS, makinig sa konsultasyon sa employers at employees organizations dahil medyo nagulat din ako na mayroon ganong palang pagtaas ng premium na parang hindi napag-uusapan noon," Sen. Bam said in a previous interview.
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