REPRESS

AN

Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City

TWENTIETH CONGRESS
First Regular Session

HOUSE BILL No, _1506

INTRODUCED BY REPRESENTATIVE ROLANDO L. MACASAET

EXPLANATORY NOTE

The 1987 Philippine Constitution provides that “the State shall, from time
to time, review to upgrade the pensions and other benefits due to retirees of both
the government and the private sectors.”!

The Social Security System (SSS) is a state-run social insurance program
that is designed to protect its members and beneficiaries from “hazards of
disability, sickness, maternity, old age, death and other contingencies resulting in
loss of income or financial burden.”

Currently, the Social Security Act of 2018 (Republic Act no. 11199) sets
the monthly pension of a qualified SSS member to the highest of the following
amounts:

(1) The sum of P 300.00, 20% of the average monthly
salary credit (AMSC), and 2% of the AMSC for each
credited year of service in excess of ten (10) years;

(2) 40% of the AMSC;
(3) P 1, 000.00, Provided, That the monthly pension shall

in no case be paid for an aggregate amount of less than
sixty (60) months.>

* Section 8, Article 187, Philippine Constitution.
2 $55 Statement of Mission.
Section 12, Republic Act no. 11199.



While sustainability of the SSS pension programs is a priority among the
factors considered for any raise in the said benefits, it shall not come at the cost
of a reliable pension. Sustainability, while important, should be coordinated with
reliability.

This bill seeks to implement a Php 1, 000 increase in the amount of SSS
monthly pension. In view thereof, the passage of this bill is earnestly sought.

ROLANDO “Rolly”. MACASAET
Representative, SSS-GSIS PENSYONADO PARTYLIST


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Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City

TWENTIETH CONGRESS
First Regular Session

HOUSE BILL NO. _1506

INTRODUCED BY REPRESENTATIVE ROLANDO L. MACASAET

AN ACT MANDATING
A ONE THOUSAND PESO INCREASE IN THE
SOCIAL SECURITY SYSTEM (SSS) MONTHLY PENSION,
AMENDING FOR THIS PURPOSE SECTION 12 OF REPUBLIC ACT
NO. 11199 OR THE SOCIAL SECURITY ACT OF 2018

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

ARTICLE 1. Amendment of Section 12 of Republic Act no. 11199. — Section 12
of the Social Security Act of 2018 is hereby amended to read as follows:

“Section 12. Monthly Pension —

(a) The monthly pension shall be the highest of the following
amounts:
(1) The sum of the following:

(i) ONE THOUSAND THREE HUNDRED PESOS
(P 1, 300.00); 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
PLUS ONE THOUSAND PESOS (P 1, 000.00); or


(3) TWO thousand pesos (P2,000.00): 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 pension
shall be TWO thousand two hundred pesos (P2,200.00) for
members with at least ten (10) credited years of service and
THREE thousand four hundred pesos (P3,400.00) for those with
twenty (20) credited years of service: Provided, That the
Commission, upon determination of actuarial soundness, may
provide pension increase than the amounts specified herein.”

ART. 2. Coverage — This law shall cover all active SSS pensioners from the date
of effectivity and who shall thereafter qualify for SSS monthly pension benefits.

ART. 3. Separability Clause. — If any provision of this Act is declared invalid or
unconstitutional, the remaining parts or provisions not affected shall remain valid,

ART 4. Repealing Clause. - All laws, presidential decrees, executive orders or
parts thereof that are inconsistent with the provisions of this Act are hereby
repealed or amended accordingly.

ART. 5 Effectivity. - This Act shall take effect after fifteen (15) days following

its complete publication in the Official Gazette or in at least two (2) newspapers
of general circulation.

Approved,