TUCP expects improved services with SSS premium hike

Published March 21, 2019, 12:54 PM

by Patrick Garcia

By Erma Edera

Following the enactment of the new SSS Law, the Trade Union Congress of the Philippines (TUCP) is expecting the SSS board and management to provide a level-up, fast, efficient, and quality service in exchange for members’ monthly payment increase.\

TUCP President Raymond Mendoza (TUCP Party-List / MANILA BULLETIN)
TUCP President Raymond Mendoza

“If the SSS will not render this improved quality service, actively paying members will be very disappointed and may be less supportive, resulting in a higher rate of delinquency among members,” TUCP President Raymond Mendoza said in a statement on Wednesday.

He added that it is necessary therefore for SSS to give back quality service so members will feel the increase in their monthly contribution is worth it.

The TUCP has withheld its support for the increase in monthly contributions for the past four years.

“Before, we have been telling SSS management to undertake reforms in improving its collection targets rather than directly increasing members’ monthly payment by going after delinquent employers, reduce SSS bonuses and perks to SSS board and top execs, sell some assets, widen its investments, and minimize unnecessary operational costs to improve liquidity,” Mendoza said.

“With the condonation program to delinquent employers on the way, we further see more income for SSS and looking at expanded membership who can avail of SSS benefits,” he added.

However, the TUCP said that they can no longer hold back its support for the contribution hike without risking that the pension system’s reserve funds be compromised with the increase in monthly pension benefits, the forthcoming additional Expanded Maternity Leave benefits, and unemployment insurance benefits.