Fast facts: Impact of the P 2,000 across-the-board pension increase
P56 billion
Yearly amount required to fund the additional increase
(P2,000 x 13 months x 2.15 million pensioners)
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P30B – 40B
FEATURED STORIES
Annual investment income of SSS
P16B – 26B
Yearly deficit the increase in pension will yield
11 years
Number of years it will take the fund to be depleted if the deficit is not filled
4.8%
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Yearly increase in the contribution of active members to cover the deficit, one of the proposed measures*
*Other measures:
-The government will transfer funds from other programs to SSS or increase taxes for SSS
-SSS will sell its assets which would hamper the growth of the funds and decrease the services and benefits provided by SSS
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Sources: SSS, gov.ph
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