President Ferdinand Marcos Jr. has appointed new officials of the Office of President (OP), Social Security System (SSS), Philippine Competition Commission (PCC) and the Development Bank of the Philippines (DBP).
The proposed Maharlika Fund may get around P150 billion initial funding, according to Marikina Rep. Stella Luz Quimbo.
The multibillion-peso pension funds of the Social Security System (SSS) and Government Service Insurance System (GSIS) won’t be put at risk when they’re invested in the proposed Philippine sovereign wealth fund, which will be called the Maharlika Wealth Fund (MWF), one of its leading proponents in Congress said.
President Rodrigo Duterte has appointed Michael Gonzales Regino as president and chief executive officer of the state-run pension plan fund Social Security System, Malacañang confirmed Friday.
Representatives of Bayan Muna party-list have jointly filed a resolution seeking congressional investigation on the reported concerns of pensioners on the “problematic” confirmation program implemented by the Social Security System.
The House committee on public accounts is set to begin its probe over a proposal by the Government Insurance Service System (GSIS) to increase the premium rates of its members.
The Social Security System (SSS) on Monday reiterated that deferring the scheduled member contribution hike will affect its fina cial stability, saying that it will “bring more difficult times” for the agency.
Surigao Del Sur Rep. Johnny Pimentel has filed a measure tripling the amount of unemployment insurance that retrenched workers can claim from the Social Security System (SSS).
Detained opposition Senator Leila de Lima on Monday called on Philhealth and the Social Security System to stop extorting from their members by increasing their contributions.
Senator Panfilo Lacson allayed concerns of invasion of privacy when the national ID system is implemented.
