Atty. Neri Colmenares, former Bayan Muna Partylist representative. | PHOTO: Joseph Vidal/ Senate PRIB
Former congressman Neri Colmenares urged the Social Security System (SSS) to suspend its implementation of higher contribution rates as it will be burden to those already struggling with rising prices of essential goods.
In a statement, he condemned the contribution hike and described it as unreasonable. 鈥淭his SSS contribution hike is absolutely unconscionable.
Workers are already dealing with increased water rates from both Maynilad and Manila Water, higher electricity rates from Meralco, and now they have to shoulder bigger SSS contributions,鈥� said Colmenares, a former Bayan Muna House representative.
He also pointed out that the full release of the P1,000 pension increase was still pending, and yet workers were already being burdened with additional payments.
鈥淭he SSS is shameless in raising the contribution rate even though the promised pension increase has not yet been delivered. For the SSS board, the fund life of the SSS and their high salaries and perks are more important than the lives of its members, who are the source of the agency鈥檚 funds. SSS is just like PhilHealth, which is obsessed with its funds rather than the benefits of its members,鈥� he said in Filipino.
READ: Colmenares calls for suspension of SSS contribution hike
Colmenares further stressed that the SSS had not explained its current collection rate.
鈥淲hy impose new rates when they can鈥檛 even efficiently collect the old ones? The new rates must be suspended until SSS has demonstrated improved collection efficiency,鈥� he said.
The SSS contribution rate increased from 14 percent to 15 percent effective Jan. 1 this year to secure the financial wealth of the state-run pension fund. 鈥擫UISA CABATO