SSS seeks dialogue with employers on contribution share

ABS-CBN News

<figure class='op-interactive'><div id='IVS_ABS_Body_Video_1_Container'> <ivs-player id='IVS_ABS_Body_Video_1' data-ivs-spid='3001339' data-ivs-key='e8c22c015ca9eafa76f1e3edfa03c603' data-ivs-vid='1459378' data-ivs-floating='1' ></ivs-player> <script src='https://player.ivideosmart.com/ivsplayer/v4/dist/js/iframe-parent.js'></script> <script src='https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js'></script> </div></figure><p>MANILA - The Social Security System said Wednesday it would seek a dialogue with employers on a possible change in their share of contributions with workers after President Rodrigo Duterte approved a P2,000 pension increase.</p><p>The pension adjustment will be funded through a 1.5-point <a href='http://news.abs-cbn.com/business/01/10/17/duterte-approves-sss-pension-increase-with-contribution-hike'><strong>adjustment in the contribution rate</strong></a>, which will be increased to 12.5 percent from 11 percent starting in May.</p><p>Under the current setup, employers shoulder 70 percent of total contributions while employees take care of the remaining 30 percent.</p><p>"There were other increases in the contribution which did not follow the 30:70 ratio, but we are discussing this because we also want to see how the employer reacts to this," SSS Chairman Amado Valdez said in an interview with ANC's "Headstart."</p><p>"It could be 70:30 or 60:40 depending on feedback from the employers," he added.</p><p>Employers Confederation of the Philippines chairman emeritus Donald Dee said Tuesday any increase in contributions <a href='http://news.abs-cbn.com/business/01/10/17/sss-benefit-hike-needs-study-employers-say'><strong>should be studied</strong></a>.</p>

<p>"There were other increases in the contribution which did not follow the 30:70 ratio, but we are discussing this because we also want to see how the employer reacts to this," SSS Chairman Amado Valdez said in an interview with ANC's "Headstart."</p><p>"It could be 70:30 or 60:40 depending on feedback from the employers," he added.</p><p>Employers Confederation of the Philippines chairman emeritus Donald Dee said Tuesday any increase in contributions <a href='http://news.abs-cbn.com/business/01/10/17/sss-benefit-hike-needs-study-employers-say'><strong>should be studied</strong></a>.</p>

<p>The pension adjustment will be funded through a 1.5-point <a href='http://news.abs-cbn.com/business/01/10/17/duterte-approves-sss-pension-increase-with-contribution-hike'><strong>adjustment in the contribution rate</strong></a>, which will be increased to 12.5 percent from 11 percent starting in May.</p><p>Under the current setup, employers shoulder 70 percent of total contributions while employees take care of the remaining 30 percent.</p>

<figure class='op-interactive'><div id='IVS_ABS_Body_Video_1_Container'> <ivs-player id='IVS_ABS_Body_Video_1' data-ivs-spid='3001339' data-ivs-key='e8c22c015ca9eafa76f1e3edfa03c603' data-ivs-vid='1459378' data-ivs-floating='1' ></ivs-player> <script src='https://player.ivideosmart.com/ivsplayer/v4/dist/js/iframe-parent.js'></script> <script src='https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js'></script> </div></figure><p>MANILA - The Social Security System said Wednesday it would seek a dialogue with employers on a possible change in their share of contributions with workers after President Rodrigo Duterte approved a P2,000 pension increase.</p>

<p>The Social Security System said Wednesday it would seek a dialogue with employers on a possible change in their share of contributions with workers after President Rodrigo Duterte approved a P2,000 pension increase.</p>

The Social Security System said Wednesday it would seek a dialogue with employers on a possible change in their share of contributions with workers after President Rodrigo Duterte approved a P2,000 pension increase.

SSS seeks dialogue with employers on contribution share | ABS-CBN News

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SSS seeks dialogue with employers on contribution share

SSS seeks dialogue with employers on contribution share