· ' 
SIXTEENTH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES 
First Regular Session 
SENATE 
SENATE BILL NO. J:5 
~'ltUlh' 
Ht tt:l' ~ftnbq\ 
'13 
JUl -1 
A 9 :00 
'\' '," 
;,' ' 
Introduced by Senator FERDINAND R. MARCOS, JR. 
EXPLANATORY NOTE 
"It is the policy of the state to establish. develop, promote and 
perfect a sound and viable tax-exempt social security system suitable to 
the needs of the people throughout the Philippines which shall promote 
social justice and provide meaningful protection to members and their 
families against the hazards of disability, sickness. maternity. old age. 
death and other contingencies resulting in loss of income or financial 
burden. Toward this end. the state shall endeavor to extend social 
security protection to workers and their beneficiaries." (Section 2. RA 8282. 
or the Social Security Act of 1997) 
This bill seeks to amend Republic Act No. 8282. or the Social Security 
Act of 1997. specifically in Section 12 (b) thereof, for the Institution's 1.6 
million pensioners in its roster (Philippine Information Agency. February 3. 
2012). 
This legislative measure proposes to: (1) raise the minimum monthly 
pension to P3.000. ond (2) annual increase of P500 until the minimum of 
P5,OOO a month is reoched. 
The new monthly pension rates as proposed in this bill shall be 
applicable to all Social Security System members regardless of the 
effectivity of their retirement. 
This legislotivE> proposol was first filed by former Senate President 
Aquilino Q. Pimentel, Jr. during the 12thCongress. 
This Representation had filed the some measure in the 15th Congress 
and is refilling the same for the present Congress to consider. 
Approval of this bill is earnestly requested. 
D R. MARCOS, JR. 


, ' 
SIXTEENTH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES 
First Regular Session 
'13 
JIJL -I A Cj :00 
SENATE 
~ 
___ ~ 
__ ~_~~_~_ ~_~_~~_~_~_~ 
__ ,~~_~_~ 
__ " =_~_~_~~~N~_O~_ '~~~~==~~_J=t~_~_= __ =_=~~_~=l=~ =' ~.=j '~-"t 
I 
Introduced by Senator fERDINAND R. MARCOS, JR. 
AN ACT 
INCREASING PENSIONS UNDER THE SOCIAL SECURITY SYSTEM AMENDING 
FOR THE PURPOSE SECTION 12 OF THE SOCIAL SECURITY ACT OF 1997 
Be it enacted by the Senate and House of Representatives of the 
Philippines in Congress assembled: 
SECTION 1. Section 12 of Republic Act No. 1161, as amended by 
Republic Act No. B282, otherwise known, as the Social Security Act is 
hereby further amended to read as follows: 
"SECTION 12. tv10nthly Pension. - (a) The monthly pension shall be the 
sum of the following: 
(i) Three hundred pesos (fil300.00); 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; or 
(3) One thollsand pesos (fill ,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 
MONTHLY pension shall be [One thousand two hundred pesos (fill ,200.00) 
for members with ot least ten (10) credited years of service and Two 
thousand four hundred pesos (f'l2AOO.00) for those with twenty (20) credited 
years of service) THREE THOUS~~D PESOS (fil3,000.00) IN THE SUCCEEDING 
YEARS STARTING JANUARY 201LitrHE THREE THOUSAND MONTHLY PENSION 
BENEFIT SHALL BE INCREASED ANNUALLY BY FIVE HUNDRED PESOS (fil500.00) 
PER MONTH UNTIL THE MINIMUM MONTHLY PENSION SHALL REACH FIVE 
THOUSAND (fil5,000.00) PER MONTH. THE COMMISSION SHALL EQUITABLY 


ADJUST THE MONTHLY PENSIONS OF OTHER 
ENTITLED 
MEMBERS OR 
BENEFICIARIES WHOSE MONTHLY PENSIONS ARE HIGHER THAN THE MINIMUM 
MONTHLY 
PENSION 
TO 
PRESERVE 
THE 
INTEGRITY 
OF 
THE 
PENSION 
PROGRAM." 
SECTION 2. THI: NEW MONTHLY PENSION AND ITS ANNUAL INCREMENT 
PROVIDED HEREIN SHALL APPLY TO ALL BENEFICIARIES REGARDLESS OF THE 
EFFECTIVITY OF THEIR RETIREMENT. 
SECTION 3. 
Separability Clause- If any provision of this Act is 
declared invalid or unconstitutional, the other provisions not affected 
thereby shall remain in full force and effect. 
SECTION 4. Repealing Clause.-AII laws, presidential decrees, 
executive orders, presidential proclamations, rules and regulations or parts 
thereof contrary to or inconsistent with this Act are hereby repealed or 
modified accordingly. 
SECTION 5. 
Effectivity.- This Act shall take effect fifteen (15) days 
after its publication in at least two (2) r)ational newspapers of general 
circulation. 
Approved.