Pensioners to receive money despite controversy: SSS


Posted at Nov 02 2017 09:33 PM

MANILA - Social Security System (SSS) pensioners will receive their money on time despite a stock investment controversy involving some of its officials, its chief said Thursday. 

“Automatic credit sa aming partner bank ang payment for the benefits kasama na po ang pension. Mahigit P9 billion for pension alone, advanced po iyan pumapasok sa partner bank namin,” SSS President and CEO Emmanuel Dooc told DZMM radio. 

(Benefits including pension are automatically credited to our partner banks for payment. More than P9 billion is allocated for pension alone.)

SSS officials Reginald Candelaria and Ernesto Francisco are embroiled in controversy after allegedly using "inside information" to buy stocks with their personal money, according to a complaint filed by SSS Commissioner Jose La Viña.

SSS chief actuary George Ongkeko Jr. and Executive Vice President Rizaldy Capulong are also under investigation for neglect of duty. 

"Sinusunod namin ng mahigpit to establish the truth and to afford due process and hopefully this will result [in a] fair and equitable decision,” Dooc added.

Dooc reiterated there’s no cause for panic since no funds were lost, only investment opportunity. 

“It’s a lost opportunity sa panig ng SSS. Walang direktang perang nawala, walang ginalaw na pondo ng SSS at wala rin silang tinanggap na bribe. Iyung opportunity halimbawa taken advantage of kung tama po ang bintang,” Dooc said.

(It’s a lost opportunity for SSS. No money was lost, no funds were used and no bribe was accepted. It was opportunity that was taken advantage of, if the accusations are true.)