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6 Enero,2025 Lunes

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ABS 2025

Halt of higher SSS contributions sought

By Nidz Godino

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“This proposed SSS contribution increase is  height of government insensitivity…how about  teachers and workers who are already struggling to make ends meet on their meager salaries… Marcos Jr. administration appears more interested in padding its confidential funds than ensuring social services and people’s welfare,” ACT Private Schools secretary general Jonathan Geronimo said private school teachers are calling for  immediate suspension of  hikes for Social Security System (SSS) contributions this year, expressing worries about “further erosion of already insufficient take-home pay.”

Alliance of Concerned Teachers (ACT) Private Schools said  increase in SSS contribution rates from 14 to 15 percent would “crush” teachers and workers in  private sector  already bearing  brunt of soaring prices and “meager” wages.

Starting this month, private sector employees, household employers and domestic workers, self-employed workers, voluntary members and land-based overseas Filipino workers will be affected by  contribution increase.

Increase  was mandated under  Social Security Act of 2018,  stipulated that SSS should gradually increase contribution rate until it reaches 15 percent by 2025.  Increases  began at 12 percent in 2019.

Four-tiered contribution increase will ensure  pension fund’s financial viability for  benefit of its members, pensioners and their beneficiaries.

ACT Private Schools,  pointed out  private school teachers, along with other private sector employees, are already suffering from inflation, high utility costs and increased Philippine Health Insurance Corp. premiums.

Geronimo said  additional SSS deduction from their salaries would take  significant chunk from their “already insufficient” take-home pay.

“It is unacceptable that while huge confidential funds are given to  Office of the President and other agencies,  workers are  ones paying higher contributions… 2025 national budget is  most anti-people budget we’ve seen, with massive funds going to agencies notorious for corruption while social services remain severely underfunded,” he stressed.

Teachers’ group also criticized  SSS’s failure to fully implement 2016 pension hike that promised  additional P1,000 for pensioners.

“SSS seems more concerned about extending its fund life through increased collections rather than genuinely serving its members and pensioners,” Geronimo said.

ACT demanded  immediate suspension of  planned SSS contribution hike,  defunding of confidential funds and  reallocation of  2025 budget to prioritize education, health and other essential social services.

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