Retirees receiving state pension will soon enjoy the brand of social justice due them as pensioners.
This looms as Senator Ferdinand “Bongbong” R. Marcos, Jr. set his target on increasing the minimum monthly Social Security System (SSS) pension through legislation.
Marcos penned a proposed measure which he intends to file in the coming 16th Congress increasing the minimum monthly SSS pension initially to P3,000 , with additional annual increase of P500 until the minimum of P5,000 a month pension is reached.
The senator said his intention to file the proposed measure in the coming 16th Congress, which would amend Republic Act 8282 of 1997, or the “Social Security Act” is based on a provision of the Constitution.
“The 1987 Constitution, specifically under Section 10, Article II, provides: ‘The State shall promote social justice in all phase of national development.’ In line with this principle, it is imperative to address the pressing needs of our country’s retirees by adjusting their pension rates in order to help them cope up with the spiraling cost of living,” he said.
If enacted into law, the new pension rates shall be applicable to all SSS members regardless of the effectivity of their retirement.