MANILA, Philippines - After generating enormous negative publicity, Social Security System board member Daniel Edralin has decided he will no longer get his more than a million peso performance bonus from the pension fund.
"Medyo mataas nga kaya di ko na tatanggapin, it's too generous," Edralin said of his P1.12 million bonus.
SSS board member Marianita Mendoza, who represents the Trade Union Congress of the Philippines, is also giving up her performance bonus of P1.02 million.
TUCP spokesman Alan Tanjusay said Mendoza is willing to return the bonus.
Aside from Edralin and Mendoza, other SSS officials who entitled to a performance bonus are chairman Juan Santos (P1.17 million); Emilio de Quiros Jr., SSS president and SSS vice chairman (P1.04 million); Diana Pardo-Aguilar (P1.33 million); Eliza Antonino (P968,000); Ibarra Malonzo (P1.41 million) and Bienvenido Laguesma (P1.30 million).
According to Laguesma, who represents the employers' group, despite having a legal basis for the monetary benefit, other members of the board have decided to hold off or set aside the bonus in the meantime to allow a re-evaluation by the Governance Commission on GOCCs to determine if indeed the board members are entitled to it.
But Laguesma said SSS members should also understand that aside from services, the other main responsibility of the board is to manage and grow the pension fund.
In 2012, the management team was able to post a P36 million profit.
But a workers' group has an appeal to SSS officials. "Isoli ang bonus na ibinigay sa kanila dahil yan ay immoral," Tanjusay said.
If the members of the board gave in to public pressure, the more than 4,000 employees of SSS have no plans of returning their performance bonus, which amounted to P276 million.