26.02.09
Is SSS financially viable?
- SSS/GSIS, retirement -
The other week, I gave my house help their annual raise in salary and told them I would advance the money for the entire year and open a bank account for each of them with it. (I wish I was the one who came up with this brilliant strategy, but it was Noet Ravalo who wrote about this in his column piece “Savings program for ‘kasam-bahays’”)
As I was asking whether they had any form of identification that we can use to open a bank account, I discovered that they had applied for SSS membership (something that I had suggested to them a year or so ago) but that it would take six months for them to get their ID.
Hmm. Should I encourage them to contribute to the SSS?
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