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MANILA, Philippines--This year, Social Security System (SSS) members and their employers will shell out more for their contributions as the rate will increase to 12 percent, a move that the state-run pension fund's chief saiSSS to hike contribution rate to 12% in 2019
MANILA, Philippines--This year, Social Security System (SSS) members and their employers will shell out more for their contributions as the rate will increase to 12 percent, a move that the state-run pension fund's chief said would replenish the fund life by six years. In a telephone interview Saturday, SSS president and chief executive Emmanuel F. Dooc also told the Inquirer that the second tranche of pension hike would unlikely be implemented this year even as it will still be granted within the term of President Rodrigo Duterte. A source said the amendments to the SSS's charter was signed by Duterte last Feb. 7. Dooc said the SSS will immedia...Keep on reading: SSS to hike contribution rate to 12% in 2019 Read more