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Palace okays P 1,000 hike for SSS pensioners

Malacanang has approved an additional increase of P 1,000 monthly to pensioners of the Social Security System (SSS).

This will be implemented in May this year.

SSS Chairman Amado Valdez made the announcement in a briefing at the Palace.

Valdez also announced that there will be an increase of 1.5% to the contributions of SSS members.

This means, the current 11% contributions of SSS members will go up to 12.5%.

This will take effect also in May this year.

 

Topics: SSS , pension , Amado Valdez , Malacanang
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