SSS pensioners entitled to extra benefits under WISP

n By RIO N. ARAJA

PRIVATE employees who are members of the Social Security System are entitled to another mandatory benefits upon retirement, apart from the cash benefit paid either in monthly pension or as lump sum.

In an interview, Maria Lourdes mandatory (under Republic Act 11199). There is this other voluntary provident fund for self-employed under the WISP Plus,” Pastor told the Manila Standard. Employers must comply with the law to settle the monthly contributions for WISP of their regular employers from their wages. he wants to be remembered as a leader who helped ordinary Filipinos.

Pastor, concurrent acting head of the Middle East and Europe Operations Division, reminded SSS members of the newest retirement savings scheme in addition to their regular social security benefits.

The mayor reported that each Mobile Library has reading materials, smart TVs, laptops, and various learning materials in English, Filipino, Social Studies, and Literature.

She added there are also teachers and volunteers stationed in the Mobile Library to provide assistance to the learners. The Mobile Library will alternately visit different barangays in the city to ensure that everyone will be accommodated.

In his latest vlog shortly after launching the Malacañang Heritage Tour that features the current and past presidents, Mr. Marcos was asked about the legacy he wants to leave after his term.

“I have not given that much thought because we still have a lot of work to do. I suppose if we are doing well, that will be my legacy. It is not something I should think about or something I should do so that they will remember me (after my term ends). We do this because we want to help the Filipino people,” he said.

“That will be my legacy -- that when I am no longer around (as President), I will be remembered ay someone who really helped ordinary Filipinos,” he added.

The President, who will deliver his second State of the Nation Address next month to mark his first year in office, recalled how his supporters were behind him all the way during the campaign leading to last year’s elections.

He said the memorabilia collection featured at Bahay Ugnayan made him reflect on his journey to the Palace.

n By MARICEL V. CRUZ

NATIONAL Treasurer Rosalia de Leon appealed to the public not to close their Landbank accounts amid fears over the state-owned bank providing seed money to the Maharlika Investment Fund.

De Leon said state-owned banks such as Landbank and Development Bank of the Philippines are “stable.”

“Let’s say Ladbank invests P50 billion in Maharlika, that is less than 3 percent of its P1.3 trillion investible funds. That is such a small investment,” she said.

“It will not affect prudential rations imposed by the Central Bank,” De Leon added.

She said the MIF is “vital in accelerating the implementation of infrastructure projects of the national government.”

Meanwhile, Camarines Sur Rep. Luis Raymund Villafuerte said the MIF could provide the government more funds for its flagship projects.

He said the MIF's approval opened the gateway to an alternative, potentially huge source of investment funds that would let the national government spend bigger on its big-ticket programs to shore up President Marcos’s agenda for peace and prosperity.

The final version of the MIF bill, which the House of Representatives and the Senate ratified on the eve of the Congress’s sine die adjournment, sought to provide a new source for investments other than the traditional sources of funds, namely, the General Appropriations Act (GAA) or national budget, official development assistance (ODA) from the country's overseas partners and the business sector through public-private partnership (PPP) projects, Villafuerte said.

“As another potentially massive funding source for priority investments of the national government, the MIF has the makings of a prime source of fresh capital for accelerated infrastructure development, agricultural modernization and food security, climate action, energy development and other big-ticket projects that the Marcos administration needs to carry out,” he added.

Biking enthusiasts roll

FIRE DANCE.

Two

Inbrief

US, Japan, Sokor to share N. Korea missile alert data

THE United States, Japan and South Korea aim to share North Korean missile warning data before the end of 2023, the three countries said in a statement following a Saturday meeting of their defense chiefs in Singapore.

The three sides “recognized trilateral efforts to activate a data sharing mechanism to exchange real-time missile warning data before the end of the year in order to improve each country’s ability to detect and assess missiles launched” by North Korea, the statement said.

The announcement followed a failed North Korean attempt to launch a spy satellite on Wednesday, which crashed into the sea after a rocket failure.

South Korea’s military said it had managed to locate and salvage a portion of the suspected debris.

Seoul, Tokyo and Washington all slammed the launch, which they said violated a raft of UN resolutions barring Pyongyang from any tests using ballistic missile technology.