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Business & Economics News

SSS contribution hike to fuel-up expanded maternity leave

Manila, Philippines- The SSS or Social Security System, asks the Congress to raise its contribution rate that would end them up to an additional Php4-5 billion (Philippine Peso) or $73,774,000-$92,217,500 (US Dollars) that would help them implement the upcoming 100-day expansion of the maternity leave.

With the approved final version of the bill by the Congressional bicameral conference that proposes a 105 days paid maternity leave that will be credited to all working mothers, SSS said that it is struggling to keep up with their funds even before the revised bill was approved, this urged SSS to make a decision to raise its contribution from its members.

In the bill, it states that all female SSS members for no less than 3 months in contributions in the 12-month period preceding the semester of childbirth or miscarriage will be paid her maternity benefit. Although this will be computed based on the average monthly salary credit for 100 days.

Assistant Vice-President of SSS, Maria Luisa Sebastian said in an interview that members need to pay more in their contribution to lessen the upcoming burden on the provisions of the measure to the funds of the SSS. She also is hoping that lawmakers can find a method to put funds for this purpose in the current contribution of members.


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