The Senate had another heated argument yesterday when Senator Dick Gordon dared the Social Security Systems (SSS) officials to justify their ‘fat paychecks’.
Senator Gordon told them to look for ways to improve the retirement benefits of the SSS’s 33 million members.
Gordon is the chair of the Senate Committee on Government Corporation and Public Enterprises.
He issued the challenge in a hearing which was conducted jointly with the Committees on Labor, Employment and Human Resources Development; Health and Demography; and Finance.
The senator demanded from the SSS officials that they should be able to defend their P450,000 monthly salary by the kind of service they provide to its’ members.
‘When you pay somebody well, you expect the value of your money. We do not mind paying somebody a high salary, if the returns are high and the members would reap the benefits because the board members are thinking well.’
Gordon hopes to be the proponent of the P2,000 increase in the pension of SSS members by next month, and added that this should be the aim of forced savings by any significant country.
Last month, the president of SSS and CEO defended the agency that the increase of monthly pension of the retirees might shorten the actual life of the state pension fund.
He also said that the monthly contribution of members should be raised if pension hike proposals pass Congress.
Congress will resume on November 7, 2016.