Republic of the Philippines
HOUSE OF REPRESENTATIVES;
‘Quezon City

SEVENTEENTH (17TH) CONGRE$
First Regular Session

House Bill No. 183 6

Introduced by: Rep. BERNADETTE R. HERRERA-DY

AN ACT
MANDATING A TWO THOUSAND PESO (P2,000.00) 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”

EXPLANATORY NOTE

Current pension for our SSS pensioners has been eroded due to inflation and has
become grossly insufficient in meeting their daily needs. The Social Security System
(SSS) is mandated 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.”
(Section 2, RA 8282)

This bill seeks to provide an across-the-board Php 2,000 increase in the monthly
pension with corresponding adjustment of the minimum monthly pension system so
that the needs of all SSS pensioners can be better met.

This bill borrows from and builds upon House Bill 5842 (16'* Congress) which,
according to Senate Committee Report No. 213 (16'" Congress), is their recommended
version to be adopted without amendment after taking into consideration S.B. Nos. 15,
220, 451, 1498, 2879 and 2888.

In view of the foregoing, the urgent approval of this bill is earnestly sought.

HOUSE ar REPRESENTATIVES
RECEIVED
pare:_21 UL 2016


Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City

SEVENTEENTH (17TH) CONGRESS
First Regular Session

House Bill No. 183 6

Introduced by: Rep. BERNADETTE R. HERRERA-DY

AN ACT
MANDATING A TWO THOUSAND PESO (P2,000.00) 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 in the Senate and House of Representatives of the Philippines in
the Congress assembled:

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

SEC. 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 (P30); plus
(ii) Twenty percent (20%) of the average monthly salary
credit; plus
(ii) 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 paragraphs 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 (4,400) for those with twenty (20) credited
years of service.”

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

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

Approved,