Today, January 18, independent Presidential candidate Augusto ‘Boboy’ Syjuco Jr. filed a formal complaint against Social Security System (SSS) on behalf of the agency’s millions of pensioners to investigate the questionable acts and practices of SSS officers in handling the money remitted by the private sector workforce.
It is feared that the 32 million SSS pensioners may be cut-off from the retirement lifeline if the economy crumbles under the Aquino administration.
According to an SSS official, the agency’s losses have accumulated a mark-to-market loss of stocks and ballooned to an overall loss that reached to Php42.2 billion. Today, there are senior executives who get paid up to Php100,000 monthly while most of the pensioners are paid only at Php1,000, which is not even enough for the retired workers’ medical maintenance.
The incumbent President—PNoy said the pension hike for over two million pensioners may result to substantial negative income for the SSS as it may only resort to using Investment Reserve Fund (IRF) to support the pension hike. Also, he mentioned that the IRF may diminish over the years and reach by 2029. The proposed pension increase of Php2000 per retiree multiplied by the present number of more than two million pensioners may succumbed to a total payout of 56 billion yearly. Given the annual investment income of Php30 billion to Php40 billion—such total payment for pensioners will yield deficits of 16 to 26 billion annually.
Syjuco compares the SSS pensioners as ‘Walking Dead’ similar to the zombies on an American TV series.
He demands that SSS should be investigated for the following: low collection efficiency rate, fat bonuses for its officials, laxity in the collection of billions in contributions, retirement packages worth unconscionable millions given to SSS board members and non-collection of fines imposed by the courts against employees who violated the SSS law.
#BoboySyjuco is a former Representative of the 2nd District of Iloilo and the Chief of Technical Education and Skills Development Authority (TESDA).
Back in the Arroyo administration, he was a member of the President’s personal five-person ‘think tank’ on crucial matters in the affairs of the Constitutional Convention. In 1971, he was elected Vice-President for the 1971 Constitutional Convention, holding the third highest rank post back then, when he was still at the age of 28. He was the 10th youngest of the 320 delegates.
He earned his MBA degree in Business Administration at Wharton School, University of Pennsylvania, USA.
It’s a real ‘Sisters’ Act’ thing for celebrity sisters Toni and Alex Gonzaga as they appeared on the newest and first-ever reality show on ABS-CBNmobile aptly titled as ‘Team Gonzaga’, which premiered last Saturday, July 19.
Scenes are from Toni and Alex’s exciting adventures behind the cameras, their special interviews as they share stories about their personal lives, family, and their relationship as sisters.
The show is accessible via mobile every Saturday, 12noon exclusively through the iWantTV application using smartphones equipped with ABS-CBNmobile SIM cards, or through the website by using the registered ABS-CBNmobile number. This is an added value service feature of ABS-CBNmobile.
‘Team Gonzaga’ is the newest offering of ABS-CBNmobile following the hit shows on mobile such as ‘experienceDANIEL in 30 days’, ‘experienceKATHRYN in 15 days’, and ‘experienceKATHNIEL’, and ‘PBB All-In’ as well.
MANILA, Philippines – After its four successful years in mounting the OMG! Awards, Yahoo! opted to re-name its popular awards that are powered by its visitors, subscribers and fans of the said portal to yahoo Celebrity Awards 2014. It was launched today, June 4 at Amber Ultra Lounge, The Fort Entertainment Center, Bonifacio Global City.
This year’s awards, a total of 140 nominees across 28 categories have been named. New categories such as: Celebrity Couple, Celebrity Family, Male and Female Hothletes, Band of the Year, Male and Female ‘Kontrabida’, Emerging Band, Song of the Year, and Social Media Star were added.
It was Marian Rivera who bagged the Media Magnate award, which was won by Charice last year. Rivera is just fourth at the current standing in the category for Celebrity of the Year. Kathryn Bernardo leads the race. However, Rivera is also tied-up with Toni Gonzaga in the category for Actress of the Year; while Angel Locsin has the most votes.
Another interesting and exciting treat for the fans is the launch of Yahoo! on the Road bus. During the launch, the portal site takes pride in unveiling a specialized bus that will take Yahoo closer to students in campuses. The bus will visit a few Metro Manila universities to introduce its apps like Yahoo Mail, Flickr, Tumblr, WeatherApp and News Digest to the younger audience. Its first stop will be at Polytechnic University of the Philippines.
The bus also gives school-based fans the chance to vote for their idols, as well as meet and jam with up-and-coming Pinoy bands that will join the tour. To submit a Yahoo! 2014 Celebrity Awards By Request, click on this link.
To start casting votes for the celebrity awards, click on this link!
Fans have a month-long voting period leading to its gala night on July 18. It is supported by leading brands in the Philippines, including McDonald’s, KakaoTalk, PLDT HOME Bro Ultera, JAG Jeans, Emperador Light, and Jack & Jill.