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Saturday, October 12, 2013

SSS Top Brass Gets 1 Million Peso Bonus.



     Another controversy is exposed right after the Pork Barrel Scam. This time the Social Security System (SSS) is in the limelight. According to news reports, the Board of Directors of the SSS has given themselves 1 Million pesos each as bonus last year and SSS employees also received huge amounts  in pay supplements. More than 270 Million pesos were given away as bonuses by the SSS last year to its personnel.

    The Social Security System is being funded by its members which are mostly composed of ordinary minimum wage workers. The SSS has recently purged the list of its Senior Citizen Pensioners, old people who failed to submit themselves for verification were immediately cutoff from receiving their rightful benefits. This was strictly implemented by the SSS hierarchy to weed out the “ghost” or long dead beneficiaries and thereby stem the hemorrhaging SSS funds.

     The SSS presently collects 25Million pesos monthly from its active members and it provides 20Million pesos monthly to its pensioners; with this present situation, SSS funds are expected to last only until the year 2036. So SSS has begun purging, eradicating and housecleaning its list of pensioners to save money.

      If SSS is losing cash and is about to go belly up on 2036 then why the 270 Million peso yearly gratuity for its Board Members and employees? I mean, if the SSS is supposedly trying to increase its funds so that it can last longer and provide more services well after 2036 then shouldn’t they stop giving away huge bonuses?

      Malacanang said that the extra pay given by the SSS to its own people are legal and above board so no SSS Top Honcho is going to get axed or fired. It could be legal, lawful and legitimate but is it morally right? The SSS hierarchy admitted that funds are getting low yet they keep on wasting OUR SSS CONTRIBUTIONS!!! SSS funds may not be from our taxes but it is still from our pockets which literally means SSS MEMBER'S HARD EARNED MONEY!!!

    Latest news revealed that the SSS will again give out the same enormous extra pay this year to its personnel…. Jesus Christ! These shitheads that work in our Government have only one thing in common, they are only looking for the best way to steal our money. They pocket our taxes, rip-off our treasury and now they even pilfer our retirement/pension funds. They are all scumbags!!!

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