By Maya M. Padillo
The Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP) reacted to the planned increase on Social Security System (SSS) monthly payment by next year.
The SSS is eyeing to increase the contribution and was supposed to implement the hike in May next year.
ALU-TUCP spokesperson Alan Tanjusay told Mirror they are expecting that the SSS management will consult labor groups including ALU-TUCP on the planned increase by next year as part of SSS public consultation.
Tanjusay said the ALU-TUCP will support the planned additional increase only if the SSS management would be able to convince them if SSS has already improved its collection and has already prosecuted more delinquent employers, have done away with unnecessary trips abroad, done away with excessive bonuses of its top executives, and improve its services to its members.
“If they will not be able to convince us on these very important issues, then we will not support the increase and we are going to oppose it,” Tanjusay said.
SSS is planning to increase a 1.5 percent hike in contribution rate making members to pay P15 to P240 more monthly. The contribution will be split between the employer (two-third) and employee (one-third).
Those receiving P10,000 salary a month will have to pay P150 more in monthly contribution with P50 to be shouldered by the employee, and the balance to be shouldered by the employer.
Those with a maximum salary credit of P16,000 will have to pay P240 more in monthly contribution while P80 to be shouldered by the employee, and the balance to be shouldered by the employer. Meanwhile, self-employed employees will bear the increase in contribution by themselves.