Press Release
October 19, 2016

Statement of Sen. Cynthia Villar on passage of
bill granting 2k increase in SSS pension

The passage on committee level of the bill granting a P2,000 across-the-board increase in the Social Security System (SSS) pension is our early Christmas gift to the 1.9 million SSS pensioners.

I commend the Committee on Government Corporations and Public Enterprises chaired by Sen. Richard Gordon for priotizing the passage of this bill. We expect no opposition to this bill at the Senate as well as from our counterparts at the House of Representatives.

During this afternoon's hearing, I urged George Ongkeko, Jr., the Senior Vice President and Chief Actuary of SSS, to improve their collection efficiency or ask for government subsidy in order to improve the benefits provided to 33 million SSS members.

I expect the passage into law of this measure before the year ends. We all agree that the cost of living faced by pensioners has enormously grown and this increase is necessary in order to provide for the well-being of the country's retirees.

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