SSS, what can we expect from it?

[jenofstructures]

no.

as a govt corporation (not sure if its a GFI or GOCC), the sss law (their charter) gives the sss board the power to approve bonuses, etc. they need not go up to pnoy. self-serving, obviously. the way to correct this is for lawmakers to amend SSS law/charter and bawasan ang discretion nila sa mga monetary benefits. i also dont know if covered ang sss sa mga GOCCs na rquired magpa-approve sa governance commission ng mga ganyan, parang 3 years ago pa lang nabuo yang commission kasi saka "performance-based incentives" lang yata ang nireregulate, sori di rin ako updated... at kung covered sila ito, may nadeny na ba sa mga pinropose nila kasi nga lagi naman pag fiscal autonomy ng chartered agency ang ininvoke nila, lusot na. sa coa na ang next na level na mag-audit kung sobra na sila..

Curiosity lang, pwede ko ba malaman kung magkano minimum na binabayad sa GSIS ng mga empleyado, I mean kahit yung sa mga mababang ranking?

Mahirap kasi maging basehan ang percentage base sa sahod e. Iniisip ko, malaki ang percentage na kinukuha sa members ng GSIS pero mas mababa naman ang sahod nila.

[DreamWalker]

Now we know the facts on SSS

We overpaid the officers and employees.  23% of investment income were spent as operating expense.

A huge collection deficiency of more than 50%.

Very low retirement income unlike its counterpart in government --- GSIS and AFP-PNP pension

Next what are the proposed solutions to STOP the injustices and restore the fund to good health? 

we can all propose/suggest but in the end ano? we can compare apple 1 apple 2 apple 3 ng iba ibang bansa but in the end ano? in the end sasakit lang ang ulo mo, tataas lang ang blood pressure mo, mapapagod lang tayo sa kaka research ng data ng mga apple

madami tayong maiisip na dapat gawin ng sss kasi hindi tayo ang naka upo, parang contestant lang yan sa tv ung mga nanonood alam kung ano ang sagot at sasabihin bobo ung nasa tv pero alam ba natin kung ano ang nasa ganong sitwasyon?

madami tayong maiisip na puwede gawin sa sss na siguradong hindi maipapatupad ng sss kasi hindi naman tayo ang andon, pero tayo naka isip na ba ng gagawin para umunlad ang sarili at wag umasa sa sss? magaling ang iba mag suggest pero sila ba nakapag suggest ng dapat baguhin sa sarili nila? alam naman natin kung magkano ang magiging pension at alam natin na hindi sasapat un sa pagtanda pero bakit hindi tayo gumawa ng hakbang para hindi lang don manggagaling ang pinansiyal sa pagtanda.

logically kung 11% lang na contribution ang binibigay mo sa sss monthly, minsan puto putol pa dapat sa pagtanda mo huwag ka umasa na 100% ng pera mo or ikabubuhay mo ay don manggagaling. meron kang 40+ years na maghulog sa sss at meron ka din 40+ years na mag ipon at maghanda para sa pagtanda mo

para sa akin pabor din ako dyan sa 2000 na increase kasi nanay at tatay ko me pension na, hindi sila minimum na pension kasi nong mawalan ng trabaho ay nag contribute pa din sila and ung pambayad sa sss ang itinatabi nila bago ang lahat, ung iba kasi pinag iinom/sugal/sigarilyo/luho pa.

[bauer]

^ Parang may malalim kang pinaghuhugutan ah.  Easy. Relax lang.

I am sharing my thoughts in this thread using research and analysis so that the discussion can be done in a mature and intelligent level that reduces highly provocative emotional reaction and personal attacks (kasi hindi na makakuha ng mas magandang katwiran).

In post grad studies there are tons of actual cases (business cases in my case) that were being research and analyze so that students can learn how to avoid or minimize the negative impacts on such cases when they applied it in real life.

Now, in case of SSS, I believe we operate in a democratic society and it implies that the public can share their thoughts openly without fear of being jailed.  When our Congress makes laws, the public is invited to share information and views in order to make a good policy.  Democracy needs debates and opinions from all angles.  If public funds are on the line, it is the responsibility of all CITIZENS to guard the funds against all cheaters and grafters.

Kung ikaw ay nag iipon at inilalagak mo ang iyong ipon sa bangko, hindi ba marapat na alamin mo ang kalagayan at katayuan kung paano pinapatakbo ang bangko?  Ganyan rin dapat tayo sa SSS -- dapat natin sitahin, bantayan, at silipin kung paano ginagasta at iniipon ang pondo na pinagkatiwala ng bayan.

Bakit ka nagtrabaho sa ibang bansa?  Kasi konti ang oportunidad dito sa atin.  Pinili ko na maiwan at mamalagi sa ating bayan kahit na may mas magandang buhay sa ibang bansa kasi gusto ko tumulong kahit sa maliit na paraan para maimulat ang kaisipan ng iba nating kababayan na walang oportunidad tulad mo lisanin ang bayan.

Tayong dalawa ay maswerte dahil may kakayahan at kaisipan na umunlad sa ibang bansa.  Pinili mo umalis at umasenso sa ibang bansa.  Pinili ko naman na sumugal dito sa ating bayan at pilitin na dito umasenso kahit na napakaraming suliranin ng ating bayan. 

Kung Makita ko na gumaganda ang kalagayan ng ating bayan --- patuloy pa rin ako na punahin at mag alok ng tamang paraan para maisa-ayos ang mga palakad.  Hindi ko iisipin na pansarili lang ang dapat na aking obligasyon.  Patriotismo ang lubos na kulang sa henerasyon ngayon.

[jmces]

please keep on posting your thoughts on this. It is true that we can say anything we want, opinions, facts or whatever. This may not help solve the issue as it is not controlled by us. But one thing I am sure, whenever someone posts data or argument inside this thread another newbie, lurker or even a regular member that is not aware of what is really happening will be enlightened, or somehow become curious. Most of the members here will not depend on SSS alone, but it is not a reason that we do not need to post our thoughts on this. There are a lot of beginners, financially illiterate visitors and newly signed up members that are reading these threads day in and day out, seeking for guidance, finding facts, and some maybe following this discussion as they may find it useful. There is a reason why this thing is called a forum after all.

[wilch23]

There seems to be 2 main ideas re our SSS:

1. That the SSS should give us a reasonable amount of pension upon our retirement, ergo the proposed 2000/mo pension increase should be implemented.

2. That we should expect our pension to be commensurate with what we have contributed (including the employer share and earnings) only. That's why the GSIS members get more.

Should the govt subsidize the SSS, it would mean we'll get more than what we contributed (and the earnings).

If only the SSS is run more efficiently, then we'll get more also.
Impossible Dream?

[wilch23]

One thing is certain, a retired person cannot survive on his SSS pension alone.

[TulogSaPancitan]

this system could still be improved – in terms of collection and rationalizing the benefits and prevent (if not minimize) wastage. all this boils down to improvement in management.

prior to increasing benefits and increasing future contribution, efficiency in management should be implemented first (applicable ba ng iso dito?) para di naman masayang ang contribution.

my personal position is that, any benefit increase should be justified and reviewed thoroughly. if possible public consultation should be done, not just decided by some bloated whales (congressmen) with tiny brains.

[darthjuday]

One thing is certain, a retired person cannot survive on his SSS pension alone.

Yeah! Nor will the living benefits cover for the entire needs of a member, i.e. maternity and sickness benefits, personal or calamity loans.

You can complain all you want about how it is being and should be run, but the system will never change, it is entrenched together with our government politics.

In the end, do not forget to take care of yourself and your family.

And to answer to the thread question - 

SSS, do not expect much, it is only meant to augment or alleviate and not to completely support your future needs.

[bajoyjoy]

Curiosity lang, pwede ko ba malaman kung magkano minimum na binabayad sa GSIS ng mga empleyado, I mean kahit yung sa mga mababang ranking?

Mahirap kasi maging basehan ang percentage base sa sahod e. Iniisip ko, malaki ang percentage na kinukuha sa members ng GSIS pero mas mababa naman ang sahod nila.

from what i've gathered,

Lowest salary in existing govt salary structure is P9,000.

Per GSIS website:
member contribution is 2% (life) + 7% (retirement), so that’s 810 per month.
Agency contribution is 2% (life) + 10% (retirement), so that’s 1080 per month.

Total contribution 1,890 per month

[bajoyjoy]

please keep on posting your thoughts on this. It is true that we can say anything we want, opinions, facts or whatever. This may not help solve the issue as it is not controlled by us. But one thing I am sure, whenever someone posts data or argument inside this thread another newbie, lurker or even a regular member that is not aware of what is really happening will be enlightened, or somehow become curious. Most of the members here will not depend on SSS alone, but it is not a reason that we do not need to post our thoughts on this. There are a lot of beginners, financially illiterate visitors and newly signed up members that are reading these threads day in and day out, seeking for guidance, finding facts, and some maybe following this discussion as they may find it useful. There is a reason why this thing is called a forum after all.

That's the intention.

[bajoyjoy]

Hmmm.... ok, BUT,and a big BUT si NOy pa rin ang BOSS nila.
He can order them not to give the bonus or to limit it to a certain amount.
Sino b nag appoint a SSS executives.
Kung considered GOCC then under pa rin sa EXEC Dept.
As in Mamasapano, the Pres is ultimately the one responsible.
Kung hindi nya ma-control, mahina ang management skills and control nya.
Well, we already know that pala.

Bawal din pass the buck to COA.
An ounce of prevention is worth a pound of cure.

boss nya ang mamamayan, pero ang una sa heirarchy ng susundin nya, ang batas. kung gustong putulan ng sungay ang mga inefficient or bad performing govt financial institutions or corporations, kongreso ang dapat mag-initiate, through amendments or new laws. then pnoy or any president will be forced to implement that, kung hindi, neglect or duty yan or non-performance. kung executive ang mag-initiate through exec order, in all likelihood may magreresist, and file case for usurpation of power: exec order cannot amend laws. just my 2 cents ha...

[bauer]

^ I disagree and seconded @wilch23

First --- PNOY appointed the head of SSS including the BOARD of DIRECTORS.  Hence, he can give them instructions to INITIATE amendments to the SSS charter law that will ENHANCE the services of SSS to the people.

If PNOY likes a bill in Congress --- PNOY can fast track it to a law by making it a PRIORITY BILL.

Kapag GUSTO, Maraming paraan.

Kapag AYAW, Maraming dahilan.

[bajoyjoy]

If PNOY likes a bill in Congress --- PNOY can fast track it to a law by making it a PRIORITY BILL.

just like BBL?

[bajoyjoy]

^ I disagree and seconded @wilch23

First --- PNOY appointed the head of SSS including the BOARD of DIRECTORS.  Hence, he can give them instructions to INITIATE amendments to the SSS charter law that will ENHANCE the services of SSS to the people.

Of course if president asks they initiate they will initiate (they will have to coordinate with the appropriate senate/house committee to find sponsorship). Approval is still with congress.

but if we check historically, the only amendments SSS initiated enthusiastically would be for purposes of increasing its powers, its capital and multiply their benefits. we call this riders, minsan mas marami pang riders kaysa sa main intention to give better services. kasi katwiran, magpapaamend ka na rin lang, lubus-lubusin mo na, and ano pa ba ang maiisip nilang ipa-amend kundi ang ikabubuti nila.

[wilch23]

Thank you Sir Bauer for saving me the effort to explain my point further.

Quote from: bauer on Yesterday at 12:34 PM

If PNOY likes a bill in Congress --- PNOY can fast track it to a law by making it a PRIORITY BILL.

just like BBL?

I have to give you this one. But truth of the matter is there is no way BBL should pass as written by Noy and his gang. I think Congress and Senate, for all their stupidity and selfishness, saw it for what it is.

Having said that, may I say that that is a very rare exception to the rule.
Improving SSS will not endanger RP nor threaten its integrity and security.
There will not be any violent reaction against it.
And MOST IMPORTANTLY, the President, head of the executive which is the most powerful branch of govt, can INITIATE REFORMS WITHOUT CONGRESS.
Better MANAGEMENT is the responsibility of the Executive Department, no need to involve the Legislature.