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SIXTEENTH CONGRESS OF THE ) 
REPUBLIC OF THE PHILIPPINES) 
Third Regular Session 
) 
'15 
AUG -4 P5:55 
SENATE 
S.B.No.~ 
Introduced by Senator TEOFISTO "TG" GUINGONA III 
AN ACT 
MANDATING A TWO THOUSAND PESO (P2,OOO) 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 
REPUBLC ACT NO. 1161, AS AMENDED, OTHERWISE KNOWN AS THE 
"SOCIAL SECURITY ACT OF 1997" 
EXPLANATORY NOTE 
The Social Security System (SSS) was established to provide 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 member and their 
beneficiaries against the hazards of disability, sickness, maternity, old age, death, and other 
contingencies resulting in loss of income or financial burden." 1 
The current pension system is insufficient to address the needs of our SSS pensioners 
due to the inflationary costs of basic goods. 
This bill seeks to provide an across-the-board two thousand pesos increase in the 
monthly pension with corresponding adjustment of the minimum monthly pension system so 
that the needs of the SSS pensioners are better met. 
In view of the foregoing, early passage of this measure is urgently sought. 
'Republic Act No. 1161 as amended by Republic Act No. 8282, Section 2. 
o "TG" GUINGONA III 
Senator 
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SIXTEENTH CONGRESS OF THE' ) 
REPUBLIC OF THE PHILIPPINES ) 
Third Regular Session 
) 
'15 
AUG -4 P5 55 
SENATE 
S.B. No. 
2888 
Introduced by Senator TEOFISTO "TG" GUINGONA ill 
AN ACT 
MANDATING A TWO THOUSAND PESO (P2,OOO) 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 
REPUBLC ACT NO, 1161, AS AMENDED, OTHERWISE KNOWN AS THE 
"SOCIAL SECURITY ACT OF 1997" 
Be it enacted in the Senate and the House of Representatives of the Philippines in 
Congress assembled: 
1 
SECTION 1.Any provision of law to the contrary notwithstanding, the Social Security 
2 
Commission is hereby mandated to implement a Two Thousand Peso (P2,000.00) across-the-
3 
board increase in the monthly pension under the Social Security System. 
4 
5 
SECTION 2.Section 12 of Republic Act No. 1161, as amended by Republic Act No. 8282, is 
6 
hereby amended to read as follows: 
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"SEC. 12.Monthly Pension. - (a) The monthly pension shall be the highest of the 
9 
following amounts: 
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11 
(1) The sum ofthefollowing: 
12 
(i) 
Three hundred pesos (P300); plus 
13 
(ii) 
Twenty percent (20%) of the average monthly salary credit; 
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plus 
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(iii) 
Two percent (2%) of the average monthly salary credit for 
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each credited year of service in excess often (10) years; or 
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(2) Forty percent (40%) of the average monthly salary credit; or 
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(3) One thousand pesos (PI,OOO): Provided, That the monthly pension 
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shall in no case be paid for an aggregate amount of less than sixty 
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(60) months 
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(b) Notwithstanding the preceding paragraph, the minimum MONTHLY 
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pension shall be [One thousand two hundred pesos (Pl,200)] THREE 
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1 
2 
3 
4 
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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." 
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SECTION 3.Any law, presidential decree or issuance, executive order, letter of instruction, 
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administrative order, rule or regulation inconsistent with this Act is hereby repealed, 
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modified, or amended accordingly. 
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SECTION 4.This Act shall take effect fifteen (15) days after its publication in the Official 
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Gazette or in a newspaper of general circulation 
Approved, 
2