SSS Charter Amendment pushes more stringent rules for board
The state-run Social Security System (SSS) on Thursday welcomed the recommendations of Sen. Franklin Drilon on the proposed amendment of the 21-year old charter of the pension fund, placing a more stringent measure to strengthen the Social Security Commission (SSC) , the governing body of SSS.
Drilon said during his interpellation of Committee Report 300 - Senate Bill No. 1753 that there should be measures to strengthen the SSC particularly on the qualifications of the commissioners being appointed to the SSC. He noted that the fund being managed by the SSS is people’s money and not government's fund.
“From my experience, the Social Security Commission was not performing its function that it should really be; as in reviewing the policies of the Social Security System, performing the check-and-balance function because of the inadequacies of the members of the Commission,” Drilon said.
Drilon served as Labor Secretary for three years making him an
more freely,” the President said in his July 23 SONA. “I ask Congress to prioritize this crucial reform, which I have certified as urgent today, “he added.
In his SONA, the President reiterated his commitment to a comprehensive tax reform, and called on the Congress “to continue the job,” starting with the approval of his administration’s proposed reforms in the corporate tax system and the modernization of fiscal incentives.
The Chief Executive described such reforms, which comprise Package 2 of his tax reform program, as “urgent,” and said he hopes to sign its bill into law before the year ends.
Dominguez said the Department of Finance (DOF) will “extend all the technical support that Congress needs in heeding the President’s call for the passage of Package 2 this year, especially for the benefit of our small and medium enterprises.”
“President Duterte has always been the principal advocate of inclusive growth and of the means to achieve it. Tax Reform is a key tool to reach that objective,” Dominguez said.
“We believe that the President’s strong statements in the SONA will help allay whatever uncertainty is left about the imperative for reform,” the Finance chief said. “The administration is serious about tax reform, and it is definitely serious about having Package 2 signed by the end of the year.”
He said the DOF is (committing) itself to the President’s stated deadline” as “tax reform will bring about growth with equity and heightened productivity that will help us attain our aspiration to be a high-middleincome country by 2022, lifting one million Filipinos from poverty every year.”