Sunday, January 29, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Columns Happy Hour by Boy P.

SOS for SSS

Boy P.byBoy P.
January 3, 2017, 8:35 pm
in Happy Hour by Boy P.
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

Seniors are still trying to get over their disappointment at the possibility that the promised P2,000 increase on their SSS pension funds would remain just that—a promise. Upon the recommendation of his economic managers, president Rodrigo Duterte decided to defer the hike due to the possibility that it would deplete the funds of the SSS by 2031. Much earlier, congressmen had compromised by suggesting a two-step hike, with the P1,000 supposed to be given starting this year. According to the president, it would be unfair for taxpayers and non-SSS members if they were made to carry the burden of the proposed increase.

Many of the pensioners are poor and in the twilight of their years, and the P2,000 would most likely go to medical expenses because many of them are also ailing and need to take several maintenance medicines that cost an arm and a leg considering their impoverished situation. 

Bayan Muna and the group of Neri Colmenares are blaming Socioeconomic Planning Secretary Ernie Pernia for the failure of the president to deliver on his campaign promise to have the proposed hike approved. According to the militant group, the P2,000 increase only translates into P66 per day, or P33 for the initial P1,000 pension hike.

Pensioners and ordinary SSS members say they can’t imagine the agency going bankrupt, saying the administrator and members of the board have the responsibility to see to it the funds will not be depleted. Some even complained at the reported excesses of former SSS administrators, with one of them reportedly squandering money by buying paintings and other non-liquid assets. If the officials are so concerned, then they should stop giving themselves overly generous perks and bonuses, some members suggested.

A fuming Colmenares also said the Cabinet secretaries resisting the proposed increase should stop deluding the people and the president into thinking that there are no funds for the proposed increase because this is simply not true. Besides, even if the fund life would get shortened, the SSS and the government have 14 years –more than enough time—to look for ways to increase the fund life.

Makati Rep. Luis Campos is also proposing that poverty-stricken pensioners above 70 should be given priority in the proposed P2,000 hike, pointing out that financial help should be extended to the more vulnerable and destitute seniors. Campos has also filed House Bill 2653 that proposes the amendment of the Expanded Senior Citizens Act of 2010.

Instead of harping about the negatives, the SSS and the president’s economic managers should go about thinking of ways to make collection more efficient and perhaps impose stiffer sanctions on employers found delinquent in submitting SSS contributions. As the saying goes—“Kung gusto may paraan; kung ayaw maraming dahilan.”  

Mining firm pays P30-m tax

Living up to its commitment of being a responsible miner, Philex Mining Corp., one of the oldest and largest gold and copper producers in Southeast Asia, paid up P29.8 million in real property taxes to the Municipality of Itogon, Benguet. The payment—which is more than enough to build 10 big classrooms and pay four months worth of salaries for 200 public employees—covers a five-year period for a proposed tailings pond in Barangay Ampucao.

During the check turnover at the Baguio Country Club by Philex SVP and resident manager of the Padcal operations in Benguet Manuel Agcaoili to Itogon Mayor Victorio Palangdan, Agcaoili reiterated that Philex Mining will not waver in fulfilling its tax obligations to both local and national governments as part of its commitment to responsible mining.

•••

For comments, reactions, photos, stories and related concerns, readers may email to [email protected] You may also visit and like our Facebook page https://www.facebook.com/happyhourmanilastandard. Cheers!

ADVERTISEMENT
Tags: Happy HourSOS for SSSSSS pension funds
ADVERTISEMENT
Boy P.

Boy P.

Related Posts

The hand that rocks the cradle

byBoy P.
March 7, 2017, 7:50 pm
0
8
The hand that rocks the cradle

If you are familiar with the works of Scottish-American poet William Ross Wallace, you’d recognize the column title as part...

Read more

Beware of Uber

byBoy P.
February 28, 2017, 7:30 pm
0
34
Beware of Uber

Happy Hour has been receiving requests to share the unnerving and traumatic experience of Becca Romero (the daughter of Omy...

Read more

From DoH to duh

byBoy P.
January 31, 2017, 8:30 pm
0
8
From DoH to duh

A lot of parents were relieved to hear that Education Secretary Leonor Briones has thumbed down the planned distribution of...

Read more

Sexist professor in hot water

byBoy P.
January 24, 2017, 8:14 pm
0
8
Sexist professor in hot water

An outspoken news broadcasting assistant professor at a university in Beijing may just end up jobless after a blog post...

Read more

Are Cebu Pacific pilots stressed?

byBoy P.
December 20, 2016, 8:13 pm
0
10
Are Cebu Pacific pilots stressed?

The Civil Aviation Authority of the Philippines should look very closely into the death of 45-year-old Cebu Pacific co-pilot Margarito...

Read more

Buy Filipino this Christmas

byBoy P.
December 13, 2016, 7:45 pm
0
8
Buy Filipino this Christmas

If you’re on the lookout for gifts to family, friends, officemates, your kid’s teachers and his classmates, it would be...

Read more

Print Edition

View More

Recent Posts

  • Army Navy supports Club200 Endurance Race
  • Sneakers for Makati : AB4.0
  • DOJ: We won’t yield to ICC
  • PBBM raises 7 priority bills in talk with Congress leaders
  • US Defense chief sets PH trip next week
  • Gov’t eyes link of BI officials to jailed Japanese mob boss
  • Angel wings
  • Low pay keeps guidance counselors from school

Advertisement

Latest News

Gov’t eyes link of BI officials to jailed Japanese mob boss

byManila Standard
January 29, 2023, 1:00 am
0
8
Koreans top list of fugitive aliens captured by BI

The Department of Justice will investigate Immigration officials who may have been in cahoots with a Japanese national in running...

Read more

Angel wings

byManny Palmero
January 29, 2023, 12:53 am
0
8
Bad weather hampers search for Cessna plane

Visitors have fun having souvenir photos taken with huge angel wings at the backdrop at Tambaan Farm in Hilongos Leyte.

Read more

Low pay keeps guidance counselors from school

byManila Standard
January 29, 2023, 12:50 am
0
8
Sexual offense victims urged to sue 7 teachers

The Department of Education on Saturday admitted there is a scarcity of guidance counselors to attend to the psychosocial needs...

Read more

Biker’s haven

byDanny Pata
January 29, 2023, 12:48 am
0
8
Bad weather hampers search for Cessna plane

Bikers can take their routine round and at the same time enjoy the scenic view at the Lakeshore in Taguig...

Read more

Onions at low P170/kilo as imports boost supply

byManila Standard
January 29, 2023, 12:40 am
0
8
Airport mess trigger: Faulty circuit breaker

The prevailing retail prices of onions have dropped to as low as P170 per kilo for the loc white variety...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App