HOUSE OF REPRIES! ATIVES

. Republic of the Philippines RECEIVED
HOUSE OF REPRESENTATIVES
Quezon City

SEVENTEENTH CONGRESS
First Regular Session

HOUSE BILL NO. 2277

Introduced by HON. GUS S. TAMBUNTING

EXPLANATORY NOTE

This bill seeks to increase by P2000 across-the-board the pension of the current 2.15
million pensioners of the Social Security System.

The SSS funds are mostly from the monthly contribution of its active members. It is
but right that when they retire, after years and years of regular contribution, they should
receive an amount that will be sufficient to let them be able to live the remaining years of
their lives if not comfortably, at least able to provide for their own basic needs such as food
and medicine.

But sadly, that is not the case. Due to the continuous escalation of the cost of living
nowadays, many SSS pensioners have been experiencing difficulties in meeting the barest
of their everyday needs.

Under the current Social Security Act, otherwise known as Republic Act No. 8282
passed in 1997, SSS members with at least 10 credited years of service are provided a
monthly pension of P 1,200.00, while those with 20 years are given P 2,400.00. This may
seem okay 19 years ago, but today that amount is insufficient for everyday living.

In view of the foregoing, the approval of this bill is highly and earnestly
recommended.


Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City

SEVENTEENTH CONGRESS
First Regular Session

HOUSE BILL NO. 2277

Introduced by HON. GUS S, TAMBUNTING

AN ACT
MANDATING A TWO THOUSAND PESO (P2,000) ACROSS-THE-BOARD
INCREASE IN THE MONTHLY PENSION WITH CORRESPONDING ADJUSTMENT
OF THE MINIMUM MONTHLY PENSION UNDER THE SOCIAL SECURITY SYSTEM,
AMENDING FOR THE PURPOSE SECTION 12 OF REPUBLIC ACT NO. 1161, AS
AMENDED, OTHERWISE KNOWN AS THE “SOCIAL SECURITY ACT OF 1997”

Be it enacted by the Senate and House of Representatives of the Philippines in
Congress assembled:

SECTION 1. Any provision of law to the contrary notwithstanding, the Social Security
Commission is hereby mandated to implement a two thousand pesos (P2,000) across-the-
board increase in the monthly pension under the Social Security System.

SECTION 2. Section 12 of Republic Act No. 1161, as amended by Republic Act No.
8282, is hereby further amended to read as follows:

“SEC. 12. Monthly Pension. - (a) The monthly pension shall be the highest of
the following amounts:

“(1) The sum of the following:

“(i) Three hundred pesos (P300); plus

“(ii) Twenty percent (20%) of the average monthly salary credit; plus

“(iii) Two percent (2%) of the average monthly salary credit for each credited
year of service in excess of ten (10) years; or “(2) Forty percent (40%) of the

average monthly salary credit; or

“(3) One thousand pesos (P1,000): Provided, That the monthly pension shall
in no case be paid for an aggregate amount of less than sixty (60) months.

“(b) Notwithstanding the preceding paragraph, the minimum MONTHLY
pension shall be [One thousand two hundred pesos (P1,200)] THREE
THOUSAND TWO HUNDRED (P3,200) for members with at least ten (10)


credited years of service and [Two thousand four hundred pesos (P2,400)]
FOUR THOUSAND FOUR HUNDRED PESOS (P4,400) for those with twenty
(20) credited years of service.”

SECTION 3. Any law, presidential decree or issuance, executive order, letter of
instruction, administrative order, rule, or regulation inconsistent with this Act is hereby
repealed, modified, or amended accordingly.

SECTION 4. This Act shall take effect fifteen (15) days after its publication in the
Official Gazette or in a newspaper of general circulation.

Approved,