MANILA, Philippines — Malacañang on Tuesday said it would let the Social Security System (SSS) implement its members’ contribution rate hike, as the increase was “well-studied.” In a press conference in Malacañang, Executive Secretary Lucas Bersamin said the government should not meddle in the affairs of the social insurance agency.
“Increases like that, they are well-studied based on actuarial considerations. It’s hard to say, ‘don’t implement an increase.’ We cannot be that arbitrary. We have to recognize that the SSS has a very respected actuary. They have studies about that,” Bersamin told reporters.
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