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Senate approved P2000 increase for SSS pensioners

Manila, Philippines - An additional of P2000 across the board increase in the monthly pension of the Social Security System(SSS) retirees was approved by the Senate on Wednesday, October 19, 2016.

Senator Richard Gordon announced the passage of the bill by the Senate committee on government corporations and public enterprises. A similar proposal was passed by both houses of congress in the previous administration but vetoed by President Aquino saying SSS will bankrupt.

"The passage on committee level of the bill granting a P2000 across-the-board increase in the Social Security System (SSS) pension is our early Christmas gift to the 1.9 million SSS pensioners," Villar said.
 
Villar urged George Ongkeko, Jr., the senior vice president and chief of SSS, to improve their collection or ask for government subsidy in order to improve the benefits of its SSS members.

Senator Villar is one of the authors of the said bill said she expects that the bill would be signed into law before the years end.

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