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    Posted August 11, 2014 by
    omeroscar
    Location
    Manila

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    Good news for Filipino pensioners!

     
    FILIPINO pensioners of Social Security System (SSS) may look forward to putting up lucrative businesses or getting re-employed without fear of having their pensions suspended and become SSS contributors again.
    A lawmaker on Monday said he is pushing for the amendment to provisions in Republic Act 8282 or the SSS Law, which discourages these pensioners from becoming productive or employed again.
    Rep. Evelio Leonardia of City filed House Bill 4695 that seeks to amend Section 12-B paragraph (C) of RA 8282.
    Section 12-B (C) states: "The monthly pension shall be suspended upon the reemployment or resumption of self-employment of a retired member who is less than sixty-five (65) years old. He shall again be subject to Section Eighteen and his employer to Section Nineteen (19) of this Act."
    Leonardia said the existing law, if not amended, will have an absurd effect of being anti-productive and discriminatory to retiree-senior citizens.
    "The very purpose of their retirement is to realize and enjoy the harvest of their long years of hard work and sustained contribution to the SSS and to be denied of their pension or have their pension suspended because of this provision is frustrating to the pensioners," Leonardia said.
    He further said the present law discourages productivity and tends to create dependence of retiree’s means of support solely from the SSS.
    Leonardia said if these pensioners are allowed to engage in their productive activities either by employment or business, their extra-income aside from their pension could certainly be a contribution to the economic activity in a larger scale.
    The Bacolod City lawmaker proposed that the monthly pension should not be suspended upon reemployment or self-employment of a retired member who is at least 60 years old. Furthermore, he shall not again be subject to Section 18 and his employer to Section 19 of this Act, which mandate SSS contributions.

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