No pension hike – SSS

By Madelaine B. Miraflor, Aaron B. Recuenco, and Jun Ramirez There won’t be any increase in the pension of Social Security System (SSS) members under the Aquino administration. SSS president and chief executive officer Emilio S. de Quiros Jr. stressed this yesterday while revealing that officials of the state pension fund are still studying the proposed increase in its members’ monthly pension but this might no longer happen within this administration and may involve higher contribution rates. EMBATTLED SSS – Social Security System (SSS) President and Chief Executive Officer Emilio S. de Quiros Jr. listens intently to questions about the recently vetoed P2,000 increase in SSS pension during a press conference yesterday at the agency’s head office in Quezon City even as activists. “We are always studying that. About the pension increase, it still depends. We will talk to labor groups and employee groups if they can increase the contribution [...]