PRESS STATEMENT
Sentro ng mga Nagkakaisa at Progresibong Manggagawa
12 May 2018
Any increase in the benefits for workers would always be welcome. We agree that increases in benefits for workers with permanent disabilities should somewhat be aligned with the increase granted to pensioners without permanent disabilities.
We are concerned about the sustainability of the fund. We have never seen the results of the actuarial studies cited in EO 54 as this matter was not discussed in the National Tripartite Industrial Peace Council (NTIPC). Nor is there any major labor union representative in the ECC.
While the additional benefits did not come with any increase in premiums at this time, there is no assurance that EO 54 would not lead to a shortening in the longevity and viability of the SIF.
It should be noted that this is not the first time that politicians have used increases in welfare benefits to earn brownie points among the workers, who later end up paying additional premiums.
We, therefore, urge the Administration to publicly disclose the actuarial studies used in determining EO 54. ###
Contact Person:
Daniel L. Edralin
1st Vice-Chairperson for the Private Sector
SENTRO

Written by sentro01

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