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DOLE wants congress to review Php2k SSS pension hike bill

Screen grabbed from internet
Screen grabbed from internet

Department of Labor and Employment (DOLE) Secretary Rosalinda Baldoz is urging Congress to review the bill for the Php2, 000 pension hike for Social Security System (SSS) retirees.

Baldoz said that lawmakers should consider in their decision the result of the so-called ‘actuarial study’ of SSS before pursuing such proposal.

The secretary added that based on the said study, in case the SSS pension will be adjusted to Php2, 000, the agency will be obliged to use its investment reserve fund.

However, the labor secretary expressed that the said step is only temporary since the SSS budget will fall until eventually consumed in 2029.

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