Senator Bong Go supports suspension of SSS contribution increase for 2025

Senator Bong Go supports suspending the planned increase in Social Security System (SSS) contributions for 2025. The increase would raise contributions to 15% of employees' salaries, which Go argues would add financial strain on workers and small businesses amid high inflation. The proposed suspension aims to ease the burden on low-income earners, who may struggle with reduced take-home pay. Go emphasized the importance of ensuring that workers can afford basic needs without compromising future pension benefits. Former SSS chief Rolando Macasaet also backs the suspension, citing the agency's strong financial performance. He believes that delaying the increase would not significantly impact the fund's longevity while helping members manage their financial challenges.