Following the ratification of RA 11199, signed earlier this month by President Rodrigo Duterte and intended to strengthen the government entitlement program, Social Security System (SSS) CEO and President Emmanuel F. Dooc lauded the development.

“This is a huge success for the pension fund,” he said. “This new law will breathe in new life to SSS so that it can continue to serve its stakeholders, members, and pensioners.”

The new law is expected to generate additional funding as monthly contributions will gradually increase, with a goal of growing from the current 11 percent to 15 percent by 2025.

The policy also ensures various types of insurance members could be eligible for.

“Under the law, displaced workers will get financial assistance from SSS in the form of cash equivalent to half of their average monthly salary credit for two months,” Dooc explained.

In addition, the law also makes social security coverage for overseas Filipino workers mandatory.

Last year, SSS representatives participated in the Iloilo City government’s “Pag-ulikid sang Syudad,” or Care Program, which is intended to enhance city services pertaining to concerns on healthcare, environment, education, drug-use, and poverty./WDJ