Senator Dick Gordon, Chairman of the Senate Committee on Government Corporation and Public Enterprises, called on the Social Security System (SSS) to submit to the Committee proposals on how the implementation of the 2021 contribution increase can be suspended without shortening the fund life of the SSS.
“Bagama’t kailangan at nakasaad sa batas na magkaroon ng dagdag na kontribusyon ang SSS sa 2021, nakikita natin na hindi ito napapanahon lalo na’t lugmok ang ating mga negosyo. Noong ginawa ang RA 11199, wala pa sa hinagap ng mga mambabatas na magkakaroon ng pandemya at magiging malala ang epekto nito sa ekonomiya,” Gordon said.
“Ayon sa datos ng NEDA, P5.2 trillion ang loss sales sa unang semestre pa lang ng taon. Kalahating taon pa lang, mas mataas na ito sa 2021 budget na P4.5 trillion,” the veteran legislator said.
“We need to balance the interest of the people who are greatly affected by the pandemic as well and the interest to protect the funds of the SSS.”
“Kailangan nating balansehen ang interes ng mamayan na nahihirapan sa pandemya pati rin ang interes na mapangalagaan ang pondo ng SSS,” the seasoned lawmaker added.
The senator admits, however, that stopping the 2021 contribution increase is not easy and that a new law may be needed as the increase is specifically mandated in Republic Act No. 11199 or the Social Security Act of 2018 and there is no provision in the said law that empowers the SSS to stop it.
“If necessary, we would craft a new law to make it easy for the people.”
“Pag-uusapan namin ito sa komite at kung kinakailangan ay maglalabas kami ng bagong batas para maging magaan para sa ating mga kabababayan ang makaahon sa pandemyang ito habang patuloy na nagbabayad ng kanilang kontribusyon sa SSS,” he said.
RA 1199 was enacted on February 7, 2019 to protect the fund life of the SSS which was shortened by ten years from 2042 to 2032 on account of the approved P1,000 additional benefit given by President Rodrigo Duterte under the memorandum from the Executive Secretary dated February 22, 2017.