What, only 3 pension increases in 14 years? | Inquirer Opinion

What, only 3 pension increases in 14 years?

/ 12:03 AM March 11, 2014

This is in reaction to the reply of Marissa G. Bugante, vice president for public affairs and special events of the Social Security System (SSS), to Rudy Coronel’s letter regarding his monthly pension which has not been increased in 14 years (“Retiree apologizes to SSS but feels poorer still,” Opinion, 3/8/14). She pointed out that Coronel’s pension was increased three times in 14 years. Wow! That is equivalent to only 21 percent. How about the 11 years with no increase? Shall he suffer that long, considering prices of almost everything have been going up?

The SSS should raise the percentage to more than 50 percent. On the eve of Labor Day last year, President Aquino announced a 7-percent increase in benefits for SSS members. May I ask the good vice president whether this has been complied with?

Furthermore, I ask the vice president whether the unauthorized performance bonuses given to SSS officers were returned to the government in compliance with the Commission on Audit’s order.

Article continues after this advertisement

A columnist of a local newspaper wrote that in 2012, SSS officers were paid P10 million in bonuses. Below are the eight officers who “shared” the P10 million. Allow me to indicate only their initials together with the amount they received:

FEATURED STORIES
OPINION

1. I.A.M.—P1.41 million

2. D.V.P.A.—P1.33 million

Article continues after this advertisement

3. B.E.L.—P1.30 million

Article continues after this advertisement

4. J.B.S.—P1.17 million

Article continues after this advertisement

5. D.L.E.—P1.12 million

6. E.S.Q.—P1.04 million

Article continues after this advertisement

7. M.O.M.—P1.02 million

8. E.R.A.—P0.97 million

—BERNARDO V. PERALTA,

retired accounting professor,

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Cebu City

TAGS: nation, news, pension, Social Security System

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.