By Chino S. Leyco
Social Security System (SSS) president-CEO Emmanuel F. Dooc resigned from his post following the enactment of the pension fund’s new charter.
Emmanuel F. Dooc
In a statement, the pension fund for the private sector announced yesterday that Dooc “voluntarily and irrevocably stepped down” as president and chief executive officer of the SSS.
In a letter to President Rodrigo R. Duterte dated March 5, 2019, Dooc explained to the chief executive that he decided to resign from his post “to provide him the opportunity to name a new President and CEO of SSS.”
Last Tuesday, Republic Act 11199 or the Social Security Act of 2018 took effect.
According to the pension fund, “Dooc leaves a legacy in SSS of significant accomplishments highlighted by the new SS law that has long-term impact on the viability of the pension fund and critical in providing more relevant benefits to its members and pensioners.”
Dooc joined the pension fund in November 2016 after serving as Insurance Commissioner in 2011 until his appointment in SSS.
During his stint with the Insurance Commission, Dooc also led the enactment of the Revised Insurance Code of 2012 which paved the way for the unprecedented growth of the insurance industry.
In SSS, with just a little over two years in his post, Dooc’s management posted the highest members' contribution collection in the history of the pension fund with a remarkable P181 billion in 2018 from P132 billion in 2015.
Innovations in collection introduced during Dooc’s term include the Run After Contribution Evaders (RACE) campaign which posted show-cause orders in establishments that violate the SS Law.
Under the SSS version of Oplan Tokhang, warrants of arrest were issued against court convicted delinquent employers in coordination with the Philippine National Police. The Warrant of Distraint, Levy and Garnishment (WDLG) was also implemented under his term.
Alongside record-breaking collections, benefit disbursements were also highest during Dooc’s term with P180 billion in 2018 from P112 billion in 2015. The P1,000 additional benefit for pensioners was implemented in January 2017.
Dooc also pushed for member-friendly programs such as the Loan Restructuring Program with penalty condonation to allow members to settle their delinquent loans with easy payment terms minus the penalty.
The Calamity Loan Assistance Package was also introduced under his administration.
Further, he also initiated a Pension Loan Program in response to the clamor of retirees who were forced to borrow from loan sharks due to financial contingencies.
The Real-Time Processing of Contributions (RTPC) was also launched under his watch. This program prevents delays in processing of benefit claims as contributions are posted immediately upon payment.
Dooc expressed his gratitude to the Social Security Commission for their support and to the SSS management team for their cooperation during his stint.
In his letter to President Duterte, Dooc thanked him for his support and for the opportunity to serve in his administration.