00:00A social security system was created to increase the contribution rate hike.
00:06This 2025, it will be for the benefit of their members.
00:11For example, the SSS President and CEO, Robert Joseph, declared that they will give more help to their members who are sick.
00:24The retirement pension will also increase to Php 400 per month except for additional funds and calamity loans.
00:32According to the SSS, an additional Php 51 billion will be collected from the higher premium contribution.
00:40The official clarified that the implementation of the contribution hike is in accordance with Republic Act No. 11199,
00:48the Social Security Act of 2018, which is now in its last tranche.
00:53The SSS is worried that the employers who are not remitting their employees' contributions will be chased.
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