SBN-2746: Working Poor Protection Act of 2015
For six decades now, the Social Security System (SSS) has provided social protection to Filipinos against likelihoods and eventualities such as disability and injury, Sickness, maternity, old age, and death.
Our contributions to SSS translate to investments into our future and the future of our family. Contributions give citizens access to benefits such as disability aid, retirement relief, and life insurance. SSS also offers loans at reasonable rates that can be used for various purposes like putting a child through school or engaging in a small business.
These benefits can make a difference to fellow Filipinos living at subsistence level. As they earn below P100,ooo.oo annually, their contributions, unfortunately, are not regular.
While the poorest of the poor are covered by our social protection programs, only 6.5% of the 12 million self-employed Filipinos are paying their SSS contributions.
It is a lost opportunity for our countrymen that we consider the working poor, our farmers, fishermen, market and street vendors, tricycle drivers and the millions of who have micro businesses across the country.
In view of the foregoing, the approval of this bill is earnestly sought.
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