Philippines’ SSS calls for less state interference
The state-run Social Security System's CEO believes there is too much political interference in the Philippines pension fund industry, which is adversely affecting its funding and viability.
The head of the Philippines’s Social Security System (SSS) has urged the government to stop politicising social security institutions, which are struggling with funding issues, and threatening future retirees with economic hardship.
“Among the biggest challenges facing the Philippines pension industry are funding, viability and sufficiency,” Emmanuel Dooc, SSS president and chief executive of the P491 billion ($9.1 billion) told AsianInvestor last month.
“The government can hel…
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