Gordon wants review of SSS contribution hike

Senator Richard Gordon on Thursday said the increase in Social Security System (SSS) contribution rate next year should be reviewed and the state insurance agency should explain how it can be suspended without shortening the fund’s life. “Although the law requires and stipulates that the SSS shall make an additional contribution in 2021, we can […] The post Gordon wants review of SSS contribution hike appeared first on Daily Tribune......»»

Category: newsSource: tribune tribuneDec 31st, 2020

Bill deferring SSS contribution hike OK& rsquo;d

The Senate on Monday passed a bill granting President Rodrigo Duterte the power to defer the increases in contribution to the Social Security System while the nation is still under public health emergency under Proclamation No. 922, as amended by Proclamation No. 1021......»»

Category: newsSource:  thestandardRelated NewsFeb 22nd, 2021

Senator wants assurance SSS won& rsquo;t hike rates

Senator Risa Hontiveros on Wednesday sought an assurance that the postponement of Social Security System’s contribution rate increase will not compromise the benefits the workers in the formal economy are enjoying......»»

Category: newsSource:  thestandardRelated NewsFeb 10th, 2021

House OKs bill on suspension of SSS premium hike

A measure authorizing President Duterte to suspend the scheduled increases in Social Security System contribution rates this year was approved the other day in the House of Representatives......»»

Category: newsSource:  philstarRelated NewsJan 28th, 2021

Senate OKs bills suspending SSS contribution hike

Separate Senate committees on Tuesday  approved proposed measures which seek to suspend the Social Security System contribution hike, but it was unclear if the approvals included provisions for the President to suspend the  increase  or it will be made through legislation......»»

Category: newsSource:  thestandardRelated NewsJan 26th, 2021

SSS urges House to reconsider rate hike deferment

The Social Security System has appealed to members of the House of Representatives for an objective decision on the proposed measures to postpone the contribution rate hike scheduled for this year, saying deferring the increase may endanger the fund’s financial viability......»»

Category: newsSource:  philstarRelated NewsJan 25th, 2021

Proposals to defer PhilHealth, SSS premium hike OK’d

Two committees of the House of Representatives have separately approved yesterday the bills Speaker Lord Allan Velasco filed to grant President Duterte the powers to suspend increases in the monthly contribution of premiums in two government financial institutions......»»

Category: newsSource:  philstarRelated NewsJan 21st, 2021

SSS sees P41-B loss in contributions if rate hike delayed

MANILA, Philippines — The state-run pension fund Social Security System stands to lose over P41 million worth of contributions if the scheduled increase in contribution rate is shelved, an official said Thursday. SSS president and chief executive officer Aurora Ignacio has projected a loss of P41.37 billion in contributions in 2021, as well as a […] The post SSS sees P41-B loss in contributions if rate hike delayed appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJan 21st, 2021

Velasco s proposal seals Congress push to defer premium hikes

No less than three measures each are filed to delay or stop the contribution hike for SSS and PhilHealth......»»

Category: financeSource:  philstarRelated NewsJan 7th, 2021

After PhilHealth, lawmakers now seek to stop SSS rate hike

However, the increase in SSS monthly contribution to 13% from 12% is already being enforced......»»

Category: newsSource:  philstarRelated NewsJan 6th, 2021

PhilHealth: Contribution hike deferred until Congress amends UHC law

The agency's president and CEO Dante Gierran in a statement said PhilHealth will continue to collect premium contribution at 3% in place of the supposed 3.5% beginning this year......»»

Category: newsSource:  philstarRelated NewsJan 5th, 2021

President orders postponement of PhilHealth contribution hike 

  BY GENALYN KABILING     President Duterte has called for the postponement of the planned increase in contribution of members to Philippine Health Insurance Corporation (PhilHealth), according to Senator Christopher Go. The President’s former assistant bared Duterte’s stance on the PhilHealth issue during a meeting with several government officials in Davao City Monday night. […].....»»

Category: newsSource:  tempoRelated NewsJan 5th, 2021

SSS premium hike reset eyed

A bill seeking to suspend the scheduled increase in Social Security System (SSS) contribution rate was filed in the Senate. During the Laging Handa Briefing Monday, Senate Labor and Employment Committee chair Joel Villanueva disclosed that he filed Senate Bill 1965 which suspends the increase in SSS members’ contribution as imposed by the Social Security […] The post SSS premium hike reset eyed appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJan 5th, 2021

Duterte orders PhilHealth contribution hike deferred, but law silent on move

President Rodrigo Duterte has reportedly ordered a halt in the increase of members' contribution to the Philippine Health Insurance Corp., but the law which mandates it has no provision for suspending the scheduled hike......»»

Category: newsSource:  philstarRelated NewsJan 4th, 2021

Duterte wants PhilHealth to defer contribution hike

President Rodrigo Duterte is in favor of deferring the increase in the Philippine Health Insurance Corp. (PhilHealth) members’ contribution amid the coronavirus pandemic. Duterte’s former aide-turned-lawmaker Senator Christopher Lawrence “Bong” Go said the chief executive has acknowledged that the national government should augment PhilHealth’s fund so it can fulfill its mandate under the Universal Health […] The post Duterte wants PhilHealth to defer contribution hike appeared first on Daily Tribune......»»

Category: sportsSource:  abscbnRelated NewsJan 4th, 2021

PhilHealth premium contribution hike to push through

There’s no stopping the Philippine Health Insurance Corp. from implementing its scheduled increase in premium contributions come 2021......»»

Category: newsSource:  philstarRelated NewsDec 31st, 2020

Employers, workers facing hard times oppose looming SSS premium hike

It's bad timing for businesses, while employees are asking for higher pay before any SSS contribution hike......»»

Category: financeSource:  philstarRelated NewsDec 8th, 2020

Maynilad, MWC shelve rate adjustments for 2021

Maynilad Water Services, Inc. (Maynilad) and Manila Water Company, Inc. are forgoing some water rate increases they are qualified to implement in the coming year, including the next tranche of the rate rebasing adjustment as well as the mandated Consumer Price Index (CPI) adjustment.  This was announced separately by both companies on Tuesday. In a text message, Metropolitan Waterworks and Sewerage System (MWSS) Chief Regulator Patrick Ty said the MWSS-Regulatory Office (MWSS-RO) has been discussing this matter with both Maynilad and Manila Water since the start of this year. “We just received the proposals of the two Concessionaires and we are currently evaluating them,” Ty said.  In a statement, Maynilad said that with this deferral, the company “hopes to alleviate the day-to-day struggles of its customers as they and the whole country strive to recover from adversity and rise stronger than before, ready to start anew”. “During these difficult times when no one is spared the economic impact of the COVID-19 pandemic, Maynilad is one with the government in finding ways to help our countrymen make the situation more manageable,” it also said. Manila Water, on the other hand, said “in the spirit of Bayanihan and to alleviate the plight of our customers due to the pandemic, Manila Water will not be implementing the rate adjustment in 2021 under the approved 2018 Rate Rebasing.” Done every five years, rate rebasing is review of water utilities’ past performance and the projection on their future cash flows.  It is supposed to set the water rates at a level that would allow both Maynilad and Manila Water to recover their expenditures and earn a rate of return. For 2020, Maynilad and Manila Water also volunteered to defer the implementation of the next tranche of annual rate hike approved under the current rate rebasing period, which started in 2018.  Their decision came as both companies were being scrutinized by no less than President Rodrigo Duterte for their allegedly onerous contracts with MWSS. To be implemented in tranches from 2018 to 2022, the approved increase in Maynilad’s rates under the fifth rate rebasing period would be P5.73 per cubic meter (/cu. m.). For this year, it was supposed to increase its rates by P1.95/cu.m, then another P1.95/cu.m in 2021.    As for Manila Water, the increase in its rates under rate rebasing would play around P6.22 to P6.55/cu.m.  This year, it was supposed to increase its rates by P2/cu.m, and another P2/cu.m by 2021.  By 2022, depending on the medium-term water sources project that the company will be allowed to pursue, the Ayala-led firm could charge its customers an increase of P0.76/cu.m up to P1.04/cu.m. The CPI adjustment, on the other hand, is the annual inflation adjustment and takes place every January. Maynilad is the largest private water concessionaire in the Philippines in terms of customer base.  It is the agent and contractor of the Metropolitan Waterworks and Sewerage System (MWSS) for the West Zone of the Greater Manila Area, which is composed of the cities of Manila (certain portions), Quezon City (certain portions), Makati (west of South Super Highway), Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon all in Metro Manila; the cities of Cavite, Bacoor and Imus, and the towns of Kawit, Noveleta and Rosario, all in Cavite Province.  Meanwhile, Manila Water caters to the East Zone concession area covering the Cities of Makati, Mandaluyong, Pasig, Pateros, San Juan, Taguig and Marikina. It is also in charge of the southeastern parts of Quezon City, and Sta. Ana and San Andres in Manila. In the Province of Rizal, MWCI services the City of Antipolo and Municipalities of San Mateo, Rodriguez, Cainta, Taytay, Teresa, Angono, Baras, Binangonan, and Jala-jala......»»

Category: newsSource: NewsNov 3rd, 2020

PRA to review policy on retirees’ age requirement

The Philippine Retirement Authority (PRA), an attached agency of the Department of Tourism (DOT), is set to reassess the age requirement for foreign nationals seeking retirement in the country after senators raised concerns over national security on Monday. The issue stemmed during the Senate budget hearing for the DOT when the senators were caught by surprise after PRA general manager Atty. Bienvenido Chy revealed that the agency has been accepting foreign immigrants as retirees who are as young as 35 years old. Sen. Richard Gordon and Sen. Nancy Binay were alarmed as Chinese topped the list of foreign retirees, at a time when the country faces the threat of the growing number of illegal Chinese workers from the Philippine offshore gaming operations (POGOs). But Chy cited that he had already inherited the policy and did not attempt to change it, to which Gordon expressed dismay. In a message to reporters, Tourism Secretary Bernadette Romulo-Puyat, who also chairs the agency, said the Board of Trustees will meet to reassess the policy, stressing that they will move for its immediate repeal.  “I have directed GM Bienvenido Chy of the PRA to review and change this long-standing policy,” she said.  Based on the Cumulative Gross Enrollment of foreign retirees in the Philippines as of Dec. 31, 2019, there are 26, 969 Chinese nationals from China who decided to retire in the country, followed by Korea (13, 912), India (5,971), Taiwan (4, 801), Japan (3, 950), United States of America (3, 615), Hong Kong (1, 836), Great Britain (1, 571), Germany (778), and Australia (743). An additional 4, 069 foreign nationals also chose to enroll as retirees in the Philippines.  According to PRA, the Cumulative Gross Enrollment also includes all active retirees or active Special Resident Retiree’s Visa (SRRV) holders. These are retirees who continue to keep their retirement visa as their status of stay in the Philippines. Aside from the principal retiree, SRRV holders were also joined by their spouses and dependents to stay in the Philippines.  The PRA data also revealed that Chinese top the list of foreign principal retirees belonging to the 35 to 49 years old age bracket, which prodded the senators to grill the PRA chief for job sufficiency issue. The data said that the greater majority of foreign retirees reside in the National Capital Region with 36,862 immigrants or 52.63 percent. Others were scattered in Region 1, Cordillera Administrative Region, Region 2, among others. .....»»

Category: newsSource: NewsOct 22nd, 2020

FIBA releases guidelines for 'Return to Basketball'

As the world governing body for basketball, FIBA has released its own set of guidelines in order for the sport to come back after the COVID-19 pandemic. FIBA published the Return to Basketball – Restart Guidelines for National Federations, partnering with the World Health Organization for a Risk Assessment Tool that focuses on basketball. Australia's Dr. Peter Harcourt, the FIBA Medical Commission Chairman, developed the said guidelines. Dr. Harcourt consulted with the FIBA COVID-19 Medical Advisory Group (MAG) and the FIBA Medical and Players Commissions before releasing the guidelines. "In these challenging times, on behalf of FIBA's Medical Commission, I would like to share our heartfelt support and solidarity with the basketball community across the world. I have witnessed that FIBA has been working tirelessly to ensure the health and safety of national federations, players, officials and other partners," Dr. Harcourt said in a statement. "Rest assured that our Medical Commission will keep working and collaborating closely with WHO and will endeavor to assist FIBA to safeguard the basketball community from the current pandemic crisis based on the scientific knowledge," he added. Most of the major basketball leagues in the world were shut down in mid-March due to the coronavirus pandemic. [Related: NBA says it is talking with Disney about resuming season] Recently, the Euroleague has cancelled its season while the NBA is working on a possible comeback as its season was cut short a few weeks before the playoffs. In Asia, Japan's B.League and the Korean Basketball League cancelled their respective seasons. Taiwan's Super Basketball League managed to finish its season but all teams played under a "basketball bubble" with no live crowd. [Related: With neighbor leagues cancelled or still suspended, what's next for the PBA after COVID-19?] The Chinese Basketball Association is planning a comeback, while the Philippine Basketball Association is waiting until August to decide whether to push through or cancel its current season. After COVID-19 ravaged the world and shut down pretty much all of sports, FIBA set up its COVID-19 Medical Advisory Group in April. The special advisory was established to review the latest scientific knowledge regarding COVID-19 and to advise on the return of international basketball competitions. Members of this special advisory group include the Chair and Deputy Chair of the FIBA Medical Commission, the NBA Director of Sports Medicine, the Senior Advisor to the World Health Organisation's (WHO) Executive Director, a University of Melbourne Professor of Medicine specialized in immunology and vaccine research, and, as an observer, the IOC Medical Director. "I wish to sincerely thank the FIBA COVID-19 Medical Advisory Group, FIBA's Commissions involved and the World Health Organisation (WHO) for their invaluable work, expertise and continued contribution towards protecting our national federations, players, officials and basketball event organizers," FIBA Secretary General Andreas Zagklis said. "This set of guidelines will be very beneficial for the basketball community in their return to our game. We all miss our sport being played and as the situation related to the COVID-19 pandemic evolves, FIBA remains committed to providing guidance for a safe environment for the 'Return to Basketball,'" Zagklis added. FIBA's Return to Basketball Guidelines are directed to every country's basketball federations, in the Philippines' case that being the Samahang Basketbol ng Pilipinas (SBP). [Related: PBA teams may practice soon under new quarantine quidelines] However, FIBA's guidelines are not to disregard each country's existing tools set up by their governments. In the Philippines, sporting events can come back under a modified general community quarantine but will be limited to a 50-percent capacity of each venue.   — Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsMay 27th, 2020

Locsin hits PhilHealth premium payment hike for OFWs

Foreign Affairs Secretary Teodoro Locsin Jr. yesterday hit the increase in the contribution of premium payments of overseas Filipino workers to the Philippine Health Insurance Corp......»»

Category: newsSource:  philstarRelated NewsMay 3rd, 2020