Palace defends huge bonuses by SSS officials-A A +A
Thursday, October 10, 2013
MALACANANG defended Thursday the hefty incentives of the members of the board of the Social Security System (SSS), saying they have been doing their job with "utmost good faith."
Presidential spokesperson Edwin Lacierda said the bonuses of the officials of SSS and other government-owned and controlled corporations (GOCCs) under the Aquino administration are much lesser compared to those of the officers during the previous government.
"Number one, it's easier to compare the amount of bonuses. Second, whatever the works now in SSS, they are fully-focused now on their work as keepers of SSS fund," he said in a press briefing, adding, "they are performing their job very responsibly and with what we call in Latin as 'Uberrima fides'...'utmost faith.'"
The SSS has been under fire after its board of directors reportedly received P1 million each as a bonus despite its plan to increase the SSS members' contribution starting January next year.
The Senate is planning to conduct an inquiry into the matter.
"We respect the prerogative of the Senate to look into it but we are also confident that the declaration of bonuses to SSS directors are defensible and based on very strict guidelines as imposed by the GCG (Governance Commission for GOCCs)," said Lacierda. (SDR/Sunnex)