The Social Security System (SSS) suspended the implementation of its guidelines on voluntary contributions for members age 65 and over, who lack the required monthly contributions for retirement pension.
SSS Vice-President Agnes San Jose explained that the intention of the guidelines was to protect the fund of the System and to ensure appropriate payment of benefits to the members. “However, we are not insensitive to the issues being raised, and the Commission together with Management agreed to revisit the guidelines, which the System issued last April 2013.”
The SSS will re-evaluate the current process and institute procedural controls to ensure the exercise of diligence and prudence in benefit payments.
