Social Security System (SSS) President and Chief Executive Officer Rolando Ledesma Macasaet (left) meets with House Speaker Ferdinand Martin G. Romualdez on the sidelines of the Liga ng Mga Barangay’s National Congress at the World Trade Center in Pasay City to discuss the social security coverage of barangay officials across the country.
Social Security System (SSS) President and Chief Executive Officer Rolando Ledesma Macasaet pushed for the SSS membership of barangay captains and kagawads serving in around 42,000 barangays nationwide.
Macasaet spoke with barangay officials attending the Liga ng Mga Barangay’s National Congress on August 13 at the World Trade Center in Pasay City to encourage them to become SSS members and receive a lifetime monthly pension when they retire from public service.
“Many of our barangay officials and workers serve their constituents for 10 or 20 years. However, when they retire from public service, they do not get any separation pay or monthly pension. Now, through the SSS membership, we are offering you an opportunity to get a monthly pension when you retire from being a barangay official,” Macasaet said.
Macasaet told them to secure an SS number and start paying their monthly contributions so they would automatically get social security coverage from SSS.
He urged them to pay at least 120 monthly SSS contributions to receive a lifetime monthly pension once they have retired.
“Even if you pay your monthly SSS contributions intermittently, that is fine. If you continue to pay until you reach at least 120 monthly contributions you will have a pension for life,” he explained.
Macasaet said that they should consider contributing to the SSS as an investment in their future. “Aside from retirement benefits, you will be entitled to sickness, maternity, disability, unemployment, funeral, and death benefits.”
Macasaet added that they can also take advantage of various SSS loan programs, such as salary and calamity, and get additional coverage from the Employees’ Compensation (EC) Program for work-related sickness or injury resulting in disability or death.
SSS hails Magna Carta for barangay officials
House Speaker Ferdinand Martin G. Romualdez is pushing for the passage of a Magna Carta for barangay officials at the House of Representatives that will empower local government units (LGUs) to allocate funds for the SSS contributions of barangay officials. #
