House Deputy Minority Leader France Castro is pushing for a deferment of the hike in premium contributions to the SSS and the Home Development Mutual Fund or Pag-IBIG Fund. | JMAurelioINQ /PDI
The lawmaker said Malacañang can “also write or order the board of directors of the SSS and Pag-Ibig to defer their contribution hikes.”
Malacañang cited “prevailing socioeconomic challenges” brought about by the pandemic and the need to “provide financial relief” to Filipinos.This year, the SSS is due to implement a new contribution rate of 14 percent from the old rate of 13 percent. Castro said Filipino workers who contribute to the state insurers “need every peso that they earn to feed their families now.”
“We were really hurt financially… amid the soaring inflation in the second half of 2022, [and] the hike was arbitrarily implemented from June to December, including the retroactive collection of premium increases for the months of January to May,” ACT chair Vladimer Quetua said in a statement.
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