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MALACANANG: Lawmakers should consider stability of Social Security System fund

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MALACANANG, Philippines – Communications Secretary Herminio Coloma on Sunday said lawmakers should consider the stability of the Social Security System (SSS) fund that will benefit its 31 million members.
Coloma was reacting to reports that some lawmakers are thinking of overriding the presidential veto on the proposed bill increasing the pension of retired SSS members.
President Benigno S. Aquino on January 12 vetoed House Bill No. 5842, which provides a P2,000 hike that would benefit 2.1 million pensioners and their dependents.
The President said that increasing the pension would shorten the life of the SSS, which at present has 31 million members.
“Mainam na isaalang-alang ng ating mga mambabatas ang kahalagahan na patatagin ang pondo ng SSS at tiyakin ang kasiguruhan ng pagbabayad ng benepisyo sa lahat ng mahigit 30 milyong miyembro nito,” said Coloma in an interview over Radyo ng Bayan.
The Palace official said the pensioners could get additional support from other government agencies.
“Sa kanyang pahayag noong Biyernes sa Malolos, sinabi ni Pangulong Aquino na siya ay nagpasya bilang ama ng bayan at pinuno ng responsableng pamahalaan na hindi magpapasa ng malaking suliranin sa susunod na administrasyon. Mahalagang isaalang-alang din ng mga kasalukuyang nanunungkulan ang epekto ng kanilang mga desisyon ngayon sa kinabukasan at kapakanan ng higit na nakararaming mamamayan,” explained Coloma.
Reports said Bayan Muna Representative Neri Colmenares, who is running for senator in the coming elections, is calling on his fellow members in the Congress to stand by the bill they passed and override the presidential veto.
A veto override requires a two-thirds vote of both the Senate and the House of Representative.
Colmenares, who is planning to file the motion to override during the plenary session at the House of Representatives, claimed that the SSS will not go bankrupt if the P2,000 pension increase was approved.

Criselda Cabangon David, a happy mother of two kids, is a full-time Sociologist at the City Government of Lucena, Quezon Province. She is currently the Managing Editor of Ang Diaryo Natin Sunday News, a weekly local community newspaper in the Philippines and an active member of the National Union of Journalists of the Philippines.