House reso seeking suspension of SSS contribution rate hike filed

Suspension of SSS contribution rate hike House reso filed

By: - Reporter / @FArgosinoINQ
/ 04:27 PM January 08, 2025

 House reso vs SSS rate hike filed

House of Representatives plenary. INQUIRER FILES

MANILA, Philippines — A resolution urging the Social Security System’s (SSS) policy body to defer the implementation of the scheduled contribution rate hke to ease Filipinos’ burden on increasing costs due to inflation was filed before the House of Representatives. 

Baguio City Rep. Mark Go filed House Resolution (HR) 2157 on Tuesday afternoon, seeking the suspension of a 15 percent contribution hike.

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A copy of the resolution was released to the media on Wednesday.

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SSS contribution rate is scheduled to increase 15 percent this month from 14 percent in 2024. This marks the final tranche of hikes under Republic Act (RA) No. 11199, which began in 2019.

Go said the suspension would “provide low-income earners a breathing space from the continued rising cost of commodities and services.”

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He pointed out that SSS’ revenue grew in 2023 by 15.6 percent to P353.82 billion from P306.16 billion in 2022. With this, Go said the agency could afford the suspension.

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Go also pointed out that the SSS only collected 4.89 percent, or P4.581 billion of the P93.747 billion total established collectibles from delinquent employers in 2023.

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“This is equivalent to P89.17 B of uncollected premium contributions from 420,627 employers,” he said, adding that this inefficiency should be addressed first before SSS proceeds to the scheduled hike.  

In a separate statement also on Wednesday, the House committee on labor and employment and Rizal 4th District Rep. Fidel Nograles joint appeals to President Ferdinand Marcos Jr. to defer the scheduled increase.

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He said that Marcos “could order the SSS to make its collection more efficient and effective first.”

“The SSS should address systemic bottlenecks and gaps first to ensure that our collection efforts are maximized,” the lawmaker pointed out.

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“If a deferment won’t lead to a significant dent [in] the SSS’ funds, perhaps it is more judicious to choose compassion and empathy for our fellow Filipinos instead of implementing the contribution hike right this year. Maybe we can do a gradual increase so that the Filipino worker can cope much better,” he explained.

TAGS: House of Representatives, SSS

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