MANILA – Social Security System Chairman Amado Valdez on Monday apologized for the delay in the implementation of a P1,000 pension increase for two million retirees.
Valdez had promised to give the adjustment on Feb. 15. It represents half of the P2,000 adjustment that was approved by President Rodrigo Duterte to fulfill his promise to help the poor.
“I apologize sa mga kababayan natin kasi nagbigay ako ng self-imposed deadline na Feb. 15 e hindi pa bumababa yung order,” Valdez said, without setting a new deadline.
(I apologize to our countrymen because I gave a self-imposed Feb. 15 deadline, but the order has not been released.)
Valdez said the increase would be retroactive from January this year.
Executive Secretary Salvador Medialdea has yet to approve the SSS proposal, he said.
“Tapos na ang aming trabaho as far as SSS is concerned. Naireconcile a naming yung cocnerns sa legal ng Malacanang. Ang problema na lang is when it can be released,” Valdez said.
(As far as the SSS is concerned, our work is done. We reconciled all of Malacanang’s legal concerns.)