Duterte signs amended SSS charterPRESIDENT Rodrigo Duterte has signed into law a bill seeking to overhaul the 21-year-old charter of the state-run pension fund Social Security System (SSS), Executive Secretary Salvador Medialdea told reporters in a text message. The new law will repeal the Social Security Law, or Republic Act 1161, as amended by Republic Act 8282 and expand the powers of the SSS to ensure the long-term viability of the system. In particular, the amendment aims to empower the SSS to increase benefits, condone penalties, and rationalize investments, among others. The new law will also ensure the social security of the growing number of Filipinos outside the country as it provides for the mandatory SSS coverage of overseas Filipino workers.

Source: Manila Times February 15, 2019 15:56 UTC