The committee chaired by way of Rep. Jesus Sacdalan approved the bills which purpose to amend Section 12 of Republic Act (RA) 1161, as amended, otherwise called the “Social Security Act of 1997.”
About million current and destiny SSS pensioners and their families stand to benefit from the proposal.
The proposed modification to Section 12 of RA 1161 offers that the minimal monthly pension will be P3,200 for individuals with at the least 10 credited years of service and P4,four hundred for those with 20 credited years of service.
At gift, the regulation gives for a minimum month-to-month pension of P1,two hundred for members with at the least 10 credited years of service and P2,four hundred for those with 20 credited years of provider.
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