THE City Council of Bacolod passed a resolution appealing for the support of President Benigno Aquino III for the passage into law of House Bill 4365 or an Act increasing pension under the Social Security System.
Authored by Councilor El Cid Familiaran, the resolution said Republic Act (RA) 1161 or the Social Security Act of 1954 mandates the giving of retirement pension to SSS members who have reached the age of 60 years and above for their security. Such law was amended by RA 8282, series of 1997, or the Social Security Act of 1997, which pegged a minimum pension for every pensioner to P1,200 or 2,400 for at least 10 to 20 years remittance, respectively, it said. The resolution said that for 15 years, from 1997 to 2012, there had been no changes in the amount of pension received by the SSS pensioners, while the prices of commodities continue to increase especially for the basic ones. As mandated by the Social Security Act of 1997, the P1,200 or P2,400 monthly pension for each pensioner is far below the poverty threshold as mandated by the National Statistical and Coordination Board, it said. House Bill 4365, which seeks to immediately increase from a minimum SSS monthly pension of P1,200 (for members with at least 10 credited years of service) and P2,400 (for those with 20 years of service) to P4,000, and every year thereafter will increase by P500 until it reaches P7,000 as minimum pension for each SSS pensioner, was authored by Bayan Muna Party-List Representative Neri Colmenares and Teddy Casiño and co-authored by a number of congressmen is now proposed in the Lower House, the resolution said. It said the passage of House Bill 4365 into law is considered urgent as it will respond to the present plight of SSS pensioners and help them cope with the rising prices of food, medicine and other necessities for survival. Carla N. Canet Sun Star Bacolod
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