SSS employees receive P10,000 bonus for 'sterling performance'
MANILA, Philippines - Citing the "sterling performance" of the Social Security System (SSS), President Aquino said a P10,000 anniversary bonus awaits each of the officials and employees of the state-run pension fund for private workers.
At SSS's 55th anniversary celebration on Monday, September 3, Aquino said he has approved and did not hesitate to sign the SSS bonus that Budget Secretary Florencio Abad has released on August 31.
He said this modest amount is a "token of gratitude" for SSS's healthy financial performance.
“Trust that as along as you cooperate in treading the straight path, every effort you exert in our jobs, every step we take in effecting change, every sacrifice we choose to do now, we will reap together and also by the next generation,” Aquino said.
The agency posted an income of P18.33 billion in January to June this year, up 21% from last year's P15.2 billion.
Trading gains contributed 58% to the bottom-line. Stock market activities helped boost equity earnings by 48% to a 6-month total of P10.54 billion.
Aquino also cited the web and text-based services of SSS that offer convenience to members and entice non-members to join.
He noted the 68% increase in the number of members and employers that enrolled with SSS through its 24/7 online services from January to April.
The SSS's website registered 318,000 for the first 4 months of 2012 from 189,576 during the same period in 2011.
"If SSS already has a Facebook page, I will not be surprised if you get thousands and thousands of likes from the Filipino people," Aquino said.
He also said the expanded “Text-SSS” facility allows members to easily make inquiries.
He reminded the SSS employees to keep the trust and respect each Filipino pension fund member, and that it is their obligation to take utmost care of their members' hard earned money.
“Therefore, the SSS funds for the people can’t be played with. They cannot be gambled and risked just like in a casino,” he said. - Rappler.com