President Rodrigo Duterte has approved a hike of P1,000 for the pension of retired Social Security System members.
This was confirmed by Presidential spokesperson Ernesto Abella in a Palace briefing on Tuesday.
The move comes along with an increase of 1.5 percent in premiums of active members by May. The Palace official said the President wanted to “fulfill a social contract with the Filipino people.
Duterte approved the hike amid calls for him to sign the proposal for a P 2,000 increase in the pension of SSS retirees.
SSS chair Amado Valdez said the first P1,000 increase would take effect this January while the second P1,000 increase would be in 2022
He also said that Duterte ordered them to go after employers who do not remit their members' contribution.
Valdez thanked the President for his sense of caring for our pensioners.
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