Workers urge Pres. Aquino: Sign SSS pension hike bill immediately

Metro Manila (CNN Philippines) — Worker groups urged President Benigno Aquino III to sign the Social Security System (SSS) pension hike bill into law as soon as possible.

The bill — which raises SSS pensions by P2,000 across-the-board — has been sitting on the president’s desk in Malacañang for approval since December 15 last year.

Related: P2,000 hike for SSS pensioners only needs Aquino's signature

The groups marched from Quiapo to Mendiola on Tuesday (January 12) while carrying a giant pen, signifying the urgency of Aquino's approval and signing of the bill.

The workers lamented what they called as the Palace's inaction over the bill.

The president has three options under the Constitution — to veto it, sign it, or let it lapse into law after thirty days of receipt. In this case, it may lapse into law if Aquino will not do anything until Friday (January 15).

The workers added that the SSS should not be afraid of being cash-strapped by 2027 due to the pension hike.

They said developed countries such as Canada have a fund life of only until 2022, which is shorter than that of SSS even if the pension hike is implemented.

Instead, they said that the government should run after delinquent employers who do not remit SSS contributions.

Moreover, they also urged SSS officials to cut their hefty bonuses and return it instead to the pension fund.