President Benigno Aquino III has rejected the proposed bill by the House of Representatives that seeks to increase the Social Security System (SSS) monthly pension of retirees by P 2,000, a Palace official said on Thursday.
“In his message, President Aquino said the stability of the entire SSS benefit system, whose present membership comprises about 31-million individuals, will be seriously compromised in favor of two million pensioners and their dependents,” the statement said.
The House of Representatives passed the SSS pension increase bill on June 9, 2015 and the Senate adopted it without amendments five months later on November 9. The current minimum SSS pension is P1,200 a month.
