Defer the SSS-BDO Deal , Investigate All the Investments of SSS

Workers belonging to the Alliance of Progressive Labor (APL) today picketed the Bangko Sentral ng Pilipinas to press for the deferment of the Monetary Board’s approval of the controversial SSS-Banco De Oro deal. “Until such time that the SSS has fully explained the propriety of the deal to its own members, the Monetary Board should…

The SSS-BDO Deal Should Be Stopped!

Workers continue to pay the price of bad investment decisions being made by SSS. While the SSS has yet to account for the dubious transaction that got it involved in the Equitable PCI Bank fiasco in the first place, it is again entering into another questionable negotiation while trying to divest. The SSS is selling…

SSS will raise premium pay AMID strings of anomalies

Two women workers from the Industrial Group Philippines Inc. (IGPI), a small factory in Meycauayan, Bulacan, have petitioned SSS in 1997 to investigate an anomaly in its system of granting benefits when fictitious maternity benefit claims using the petitioners’ names in late 1996 were approved and released without them filing for such claims. However, further…