SSS seeks dialogue with employers on contribution share

ABS-CBN News

<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="1459378" 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 said Wednesday it would seek a dialogue with employers on a possible change in their share of contributions with workers after President Rodrigo Duterte approved a P2,000 pension increase.</p><p>The pension adjustment will be funded through a 1.5-point <a href="http://news.abs-cbn.com/business/01/10/17/duterte-approves-sss-pension-increase-with-contribution-hike"><strong>adjustment in the contribution rate</strong></a>, which will be increased to 12.5 percent from 11 percent starting in May.</p><p>Under the current setup, employers shoulder 70 percent of total contributions while employees take care of the remaining 30 percent.</p><p>&quot;There were other increases in the contribution which did not follow the 30:70 ratio, but we are discussing this because we also want to see how the employer reacts to this,&quot; SSS Chairman Amado Valdez said in an interview with ANC&#x27;s &quot;Headstart.&quot;</p><p>&quot;It could be 70:30 or 60:40 depending on feedback from the employers,&quot; he added.</p><p>Employers Confederation of the Philippines chairman emeritus Donald Dee said Tuesday any increase in contributions <a href="http://news.abs-cbn.com/business/01/10/17/sss-benefit-hike-needs-study-employers-say"><strong>should be studied</strong></a>.</p>

<p>The Social Security System said Wednesday it would seek a dialogue with employers on a possible change in their share of contributions with workers after President Rodrigo Duterte approved a P2,000 pension increase.</p>

The Social Security System said Wednesday it would seek a dialogue with employers on a possible change in their share of contributions with workers after President Rodrigo Duterte approved a P2,000 pension increase.

SSS seeks dialogue with employers on contribution share | ABS-CBN

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SSS seeks dialogue with employers on contribution share

SSS seeks dialogue with employers on contribution share

ABS-CBN News

Published Jan 11, 2017 11:05 AM PHT

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Updated Jan 11, 2017 11:16 AM PHT

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