Metro Manila (CNN Philippines, May 27) – President Rodrigo Duterte signed into law the bill authorizing the country’s chief executive to suspend the increases in contribution of Social Security System (SSS) members in times of national emergencies.
Republic Act No. 11548 will amend the “Social Security Act of 2018,” which allowed the state pension fund to increase the contribution rate by 1% every other year starting 2019 until 2025.
The new law shall take effect 15 days after publication in at least two newspapers.
In March last year, the President placed the Philippines under a state of calamity due to the COVID-19 pandemic through Proclamation No. 929.
The SSS contribution rate was adjusted to 13% this year from last year’s 12%.
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