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SSS
will raise premium pay AMID strings of anomalies 09-Sep-02 These
incidents are but a mere speck of dust of the countless
anomalies that would not have happened without the knowledge
of SSS personnel and even SSS top officials. As we all
know, corruption
engulfs the social security system. For its top officials,
certainly the stakes are much higher. Case in point, the former President of the Republic
and top executives of SSS have unabashedly carried out more blatant
display of mischief and flimsy investments that
eventually led to huge losses of SSS funds to the detriment of
its 23-million members. Funds
amounting to 34.5 billions of pesos were divested in just 31
months during the Estrada presidency. The government lost P6.4
billion in PLDT, P1.4 billion in Union Bank, P2.8 billion in
Meralco and P12 billion in PCI-Equitable transactions. This
does not include the P150 million losses it endured when it
was prodded by Estrada to invest P745million in Belle Corp.
where Estrada received P189 million as commission in exchange
for the investment. Apart from this, it is a well known fact
that top SSS executives receive salaries of not less than
350,000 pesos a month thus increasing SSS operating costs to a
whopping 4.2 billion pesos in 2000, nearly double from 1997's
2.3 billion pesos putting a tenth of the members contribution
to the executive’s salaries alone. Apparently, SSS
executives receive fantastic and galactic salaries only to
mismanage and let powerful individuals in the society to loot
the people's money. Now, Gloria
Arroyo, in an apparent attempt to recover billions of pesos in
losses due to the unabated corruption and investment of SSS
funds to questionable transactions, has opted to bleed the
workers further by increasing premium payments by 6% to 22%.
Instead of going after the crooks in the SSS and restructure
its system to ensure rightful delivery of service and prudent
handling of its funds, Arroyo will further squeeze the workers
of their meager pay without any increase in workers benefits. The
Alliance of Progressive Labor calls on the government not to
inflict more miseries to the already impoverished Filipino
people by deciding against their interest only to maintain a
system infested by a few who have no other business but to
exploit the workers. The system should be overhauled and
should have transparency in all of its undertakings. After
all, what they are using is the people’s money.
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Alliance of Progressive Labor
(APL) 2002
Manila, Philippines
email: apl@surfshop.net.ph
http://www.apl.org.ph