Tags: SSS

Progressives say ‘Maharlika Wealth Fund’ dubious, prone to corruption

“The problem is not only what if the investment loses? The problem is the gall and shamelessness in proposing to legislate the use and risk of scarce people’s money specifically meant for private and public sector workers welfare, farmers land reform and agricultural development, national industry development and emergency social welfare needs.”

Pubic school teachers slam GSIS bonuses

MANILA – Public school teachers stormed the Government Service Insurance System (GSIS) head office in Manila on Oct. 19, Friday to protest the granting of P10.448 million ($242,416) in bonuses to its board of directors. The teachers slammed the Governance Commission for Government Owned or Controlled Corporations (GCG) for reportedly granting bonuses to the GSIS…

‘Shameless’ SSS board not alone, other GOCCs have ‘epidemic of thick-skinned insensitivity’

Aside from the much-criticized fat bonuses at a time when the funds’ sustainability was supposedly in danger, thus requiring a hike in members’ contributions, it turned out that the SSS executives have each been receiving $1,859 per month just for attending two board meetings, and its CEO flies abroad every two months, first-class.