Partylist Rep. Teddy Casiño yesterday hit the Social Security System for planning to increase the premium by 10.4 percent to 11 percent by the end of the year, a press release from his office said.
Casiño, and fellow Bayan Muna Rep. Neri Colmenares, is the primary author of House Bill 4365, which seeks to change the current SSS pension rates until no retiree should receive no less than P7,000 a month, making it more responsive to the basic necessities of SSS pensioners, the press release said.
He said the SSS should first increase the pension of retirees before even talking of increasing the contributions and there should be no talk of increase unless their bill is passed first.
The group pointed out that its research would show, the minimum SSS pension that a retiree receives at present is P1,200/month, the press release said.
This is for someone who has worked at least ten years as a member of SSS and is in good standing. Meanwhile, a member of 20 years receives a measly P2,400/month, it added.
The press release also quoted Casiño as saying that the billions of pesos in uncollected SSS contributions should provide the ready answer for the agency to increase retirees’ pension.*