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<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="1459761" 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 (SSS) should fund a proposed P2,000 pension hike on its own, without help from the National Treasury, Budget Secretary Benjamin Diokno said Tuesday.</p><p>A government-funded pension increase would unnecessarily burden taxpayers, Diokno told DZMM.</p><p>President Rodrigo Duterte is set to decide on a proposal to increase pension in two tranches, including P1,000 this month. His economic managers have expressed concern that it could shorten the life of the fund.</p><ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/12/30/16/sss-pension-hike-needs-contribution-increase-pernia">READ: SSS pension hike needs contribution increase </a></li></ul><p>“We should limit yung benefit dun sa kontribusyon (We should limit the benefits according to contributions). We have to make sure that the fund is self-sustaining,” Diokno said.</p><p>Diokno said the SSS could collect debt payments to help fund the pension increase.</p><p>“Kung walang impact sa national budget, ang nagbabayad naman diyan tayong lahat, to me wala namana akong problema doon,” he said.</p><p>(If there is no impact on the national budget, which is funded by everyone, I have no problem with that.)</p>

<p>The Social Security System (SSS) should fund a proposed P2,000 pension hike on its own, without help from the National Treasury, Budget Secretary Benjamin Diokno said Tuesday.</p>

The Social Security System (SSS) should fund a proposed P2,000 pension hike on its own, without help from the National Treasury, Budget Secretary Benjamin Diokno said Tuesday.

Pension hike must come from SSS funds: Diokno

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Pension hike must come from SSS funds: Diokno

ABS-CBN News

Published Jan 03, 2017 10:09 AM PHT

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