SIQUIJOR, Oct. 11 (PIA)--As part of its commitment to bring fast and convenient services to its clients, the Social Security System (SSS) will conduct a one-day Mobile services in the province of Siquijor anytime soon.
Fixed schedule and venue will still have to be finalized, says SSS-Siquijor Officer Judy Dongon but she said she is already inviting Siquijodnons to avail of the upcoming services by registering first in their office.
She said it is better that interested clients will fill out in advance the application forms that are available at the SSS-Siquijor Service Office beginning next week.
Among the mobile services offered are SSS self employed registration for those who wish to become members, payment services through its Bayad Center, and accommodation of SSS-related inquries.
Interested applicants are advised to bring IDs and birth certificate.
Meanwhile, SSS-Siquijor is also working on the conduct of a series information drive to bring awareness on SSS benefits and policies especially to the graduating students in the province.
Recent SSS reports said, Senators and Congressmen comprising the bicameral conference committee approved the bill seeking to amend the 21-year old charter of the state-run pension fund.
In the report, SSS President and Chief Executive Officer Emmanuel F. Dooc expressed his gratitude to the bicameral conference committee who have approved and adopted the almost unchanged Senate Bill 1753 or the Social Security Act of 2018.
One of the salient features of the Senate Bill 1753 is the rationalization of powers of the Social Security Commission, the policy-making body of the SSS, allowing it to expand the investing capacity of the pension fund that will generate better income for the benefit of its members and pensioners.
It also aims to strengthen the pension fund through the implementation of the gradual increase on monthly contributions from the current 11 percent to an additional of 1 percentage point starting on the year of implementation until it reaches 15 percent in 2025, and the gradual adjustment of the minimum and maximum monthly salary credit.
Further, the bill, once enacted into law, will ensure the social security of the growing number of Filipinos outside the country as it provides for the mandatory SSS coverage of Overseas Filipino Workers (OFWs).
"Right now, despite the huge number of OFWs - some say there are about 10 million of them at present - we only cover about 550,000 of them. So this law will mandatorily cover all the OFWs to ensure their social security protection," Dooc said.
Among the features of the bicam-approved version is the inclusion of the unemployment insurance for SSS members who will be displaced involuntarily.
"Under the proposed measure, displaced workers will get financial assistance from SSS in the form of cash equivalent to half of their average monthly salary credit for two months," Dooc said.
Dooc, however, reminds that there will be qualifications to be entitled to this benefit.
Gordon, the principal author of SB 1753 earlier mentioned that the bill, if enacted into law, will expand, protect and grow the fund so there will be pension for all when the time of their retirement comes.
"The bill is an enhancement of the previous laws; it ensures hope that the people would not be a burden to the country; that they are partners of the government not by way of exaction of taxes but by their contribution so that their welfare is assured. The passage of the bill would expand, protect and increase the SSS fund so that when the time comes, there would be available pension for the people. It will ensure a more meaningful social security protection to members and their beneficiaries against the hazards of disability, sickness, maternity, old age, death, and other contingencies resulting in loss of income or financial burden," Gordon said.
He further stressed that every Filipino worker during his productive years should follow the sure-fire formula, "WORK, SAVE, INVEST, PROSPER," to become self-reliant and financially independent. (rac/PIA-Siquijor with SSS report)