Close  

Palace issues order for P1,000-hike in SSS pension

/ 02:42 PM February 22, 2017
DUTERTE PMA

President Rodrigo Duterte approved the P1,000-increase in SSS pension early in January 2017.  SCREENGRAB FROM RTVM

MANILA — Malacañang issued on Wednesday (Feb. 22) the formal order approving the P1,000 increase in the benefits of Social Security System pensioners, which President Duterte approved early last month.

The memorandum, signed by Executive Secretary Salvador Medialdea, was sent to SSS chair Amado Valdez.

ADVERTISEMENT

“Upon representations made by SSS, and subject to existing laws, rules, and regulations, please be informed that the One Thousand Peso (P1,000) increase in benefits of qualified SSS retirees, survivors, and permanently disabled pensioners effective January 2017, has been approved,” Medialdea’s memorandum stated.

Mr. Duterte gave the go signal for the P1,000 pension hike last month amid misgivings from his economic managers, who were concerned about the viability of the fund if the pension were to be increased.

Along with the pension increase, the President also approved a 1.5 percent contribution hike effective May 2017.  SFM

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: executive department, increase in SSS contribution, Malacañang, Office of the President, pension, pension benefits, pension hike, Philippine Government, Philippine president, Rodrigo Duterte, Salvador Medialdea, Social Security System
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.