Reaction to HTT's Friday post on increasing the SSS pension

Click here to read HTT's pension-adjustments-in-2013/

no arguments on this one.  i do believe the current generation always pays for the sins of the previous...
remember the sins of the father????

also true for pensions.  our dear president must indeed bite the bullet, and approve.  they bit the bullet for the RH bill, didnt they?  although one of my dear friends have said it also involved big business.....*shrugs*
for me, like i mentioned in an earlier separate post, it is about choices, and the way we involve the God one believes in those choices.  sometimes it seems there are no choices...... 

but pensions. they do need to be adjusted. i just hope that when it is my turn to get my pension, they will be favorably adjusted as well.  in fact, the president of the SSS. Emilio S. de Quiros, brother of columnist Conrado de Quiros only proposed a 20K MSC limit (it is currently at 15K).  i always thought it should be at a minimum of 30K.  i prefer 50K but no one is listening to me on that point. The Actuarial people will object,  most assiduously.  can you imagine how much furor (not Fuhrer) that will raise?  *sigh*

on the other side of the coin.  i encourage people to contribute - and at higher levels.  Higher levels mean higher pensions - and todays limits are just the pits.  too low - in my personal opinion.  really too low. and your pension - SSS that is, will be about 40% of the just the pits MSC.

i encourage entrepreneurship.  knit! crochet! sell this abroad!  People need to have some retirement plan unless you are very financially savvy, it would be hard to survive on the SSS pension alone, and if you dont have any, welllllllll ..... it would even be harder, unless you are a GSIS pensioner with their no limit MSC, or if Daddy (or Mommy, for that mater) has oodles of money like Unca Scrooge of the Disney Ducks.

so pay your contributions, and dont complain too much about the increase. it will be in your favor when it is time for you to quit working ..... 

So, whatever happened to the PERA?  i keep waiting for HTT to tackle it but he says the time isnt ripe yet....