No increase on SSS member contributions

Written by
  • Zeny S.
  • 4 years ago

BALANGA CITY, Bataan – The Bataan Social Security System office (SSS) headed by Branch Officer, Joel Y. Villafuerte, refuted news reports that it already increased its member contribution rate effective January this year. Villafuerte said that their head office with SSS Chairman Amado Valdez has been firm in his statement that current rate remains at 11 percent and no change has been made.

Villafuerte said that from their head office down to the provincial branches, prioritize the development of its optimal properties to ensure recurring income for the state run pension fund in the coming years.

In his statement sent to all provincial heads Chairman Valdez said, “while there is a need for the increase in the rate of contribution, the necessity for such is geared towards meaningful benefits for SSS members and pensioners.”

Villafuerte also added that new programs and services, as part of its reform agenda includes the adjustment of the maximum salary credit from P16,000 to P20,000, which according to him, are responses to the members’ clamor for increased benefits and higher pensions in the future.

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