PNoy rejects SSS pension hike bill

**romeocharlie** · January 15th, 2016 12:16 PM

And yet they are giving thousands or even millions of bonuses to the higher ranking officials...

**papi smith** · January 15th, 2016 12:34 PM

Originally Posted by 1D4LV

... imho, my mom only gets 6.8k/month from SSS after contributing for 25 years.

With all due respect sir, OT but I find it interesting, magkano na kaya present value ng 25 years contribution nya? 6.6k/mo is 81.6k/year. Considering present interest yields na 3%, nasa 2.72M na dapat ang present value ng contributions to sustain pensions. If you take the maximum contribution of 1,760 at present ay 528k lang yun for 25 years. Using this figure, 15%/year ang pension payout.

**papi smith** · January 15th, 2016 12:38 PM

Originally Posted by romeocharlie

And yet they are giving thousands or even millions of bonuses to the higher ranking officials...

Ganyan talaga ponzi scheme, the operators get to fatten themseves.

**anonemus** · January 15th, 2016 12:43 PM

The least that Pnoy can do is go on TV and explain the veto.

**CVT** · January 15th, 2016 12:50 PM

Originally Posted by kimbon

in the past ang daming investments ng SSS nabangkarote/nalugi. balang araw hwag sana manyari ito mismo sa SSS due to mismanagement. keeping my fingers crossed.
curious, bakit di na lang kaya ipaubaya ang pamamalakad sa private sectors, then gobyerno na lang ang magmonitor sa members ng kanilang monthly contributions? ahaa wala pala magiging kita /tongpats ang executive officials ng SSS pati na rin ang consultants

Isa iyan sa mga pinagkukuhanan nila ng pondo na walang tanung-tanong dahil magkakutsaba sila....

"The measure of a man is what he does with power" LJIOHF!

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**wowiesy** · January 15th, 2016 12:50 PM

Originally Posted by anonemus

^...and Binay will gain from this as he'll point out the generous social services doled out in Makati.

Pnoy should've worked closely with Congress on this issue BEFORE it was submitted to his office.

PR disaster.

i agree.. di naman totoo na wala ng pdaf and dap e... when this was in the legislative mill.. dapat minandohan na ng malacanang speaker of the house at senate president..

on the other hand.. bilib din ako kay colmenares... he has been making the rounds in media raising awareness on this bill... putting pressure on malacanang to approve this ( on an election year at that).. kayanow na na veto.. ang laki ng awareness... marami feelingnabigo... in a way pinaasa nila colmenares...

**1D4LV** · January 15th, 2016 12:51 PM

Originally Posted by papi smith

With all due respect sir, OT but I find it interesting, magkano na kaya present value ng 25 years contribution nya? 6.6k/mo is 81.6k/year. Considering present interest yields na 3%, nasa 2.72M na dapat ang present value ng contributions to sustain pensions. If you take the maximum contribution of 1,760 at present ay 528k lang yun for 25 years. Using this figure, 15%/year ang pension payout.

sorry dude.... not an actuarial so i really do not care about it.
but heck, my mom-in-law who is from GSIS, receives 15k/month. dahil ba sa volume yan? mas maraming private employees vs. government employees?

**CVT** · January 15th, 2016 12:51 PM

Originally Posted by papi smith

Ganyan talaga ponzi scheme, the operators get to fatten themseves.

And one that is run by the government, who is supposed to be a public trust.

"A public office is a public trust"

"The measure of a man is what he does with power" LJIOHF!

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**1D4LV** · January 15th, 2016 12:54 PM

Originally Posted by wowiesy

i agree.. di naman totoo na wala ng pdaf and dap e... when this was in the legislative mill.. dapat minandohan na ng malacanang speaker of the house at senate president..

on the other hand.. bilib din ako kay colmenares... he has been making the rounds in media raising awareness on this bill... putting pressure on malacanang to approve this ( on an election year at that).. kayanow na na veto.. ang laki ng awareness... marami feelingnabigo... in a way pinaasa nila colmenares...

wala na ngang PDAF and DAP dahil declared unconstitutional.
kaya they renamed it to the "President's Emergency Fund"

**CVT** · January 15th, 2016 12:57 PM

Originally Posted by 1D4LV

sorry dude.... not an actuarial so i really do not care about it.
but heck, my mom-in-law who is from GSIS, receives 15k/month. dahil ba sa volume yan? mas maraming private employees vs. government employees?

Bro.,- for government employees,- their pension (GSIS) is equivalent to the average of their monthly salary for their last 3 years of service.... Can somebody from government service confirm this please? I would love to be wrong here.

So,- tuloy ang ligaya nila sa kanilang pension,- parang sumusuweldo pa rin...

For private employees (SSS),- e bahala ka nang mag-compute,- basta mababa iyan!!!- basta malaki ang sweldo at benepisyo ng mga executives ng SSS.

Now, PNOY endorsing an increase in the salary of government employees,- will have a tsunami effect on the retiring government employees, in terms of their monthly pension (again, average of their last 3 years of service),- and their accumulated unpaid and unused VL, running for years - babayaran lahat iyan with the increased salary...

E, saan ba kumukuha ng pinapasweldo ang gobyerno???? - a significant portion is tax (real estate, corporate, individual, goods and services, tariffs on importation, ad valorem etc) - we all pay for these one way or the other....

"The measure of a man is what he does with power" LJIOHF!

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