Bonus Of SSS Officials Is Performance Based

Bonus of state-run Social Security System (SSS) officials is based on the performance of the specific government owned or controlled corporation (GOCC), according to SSS President and CEO Emilio S. de Quiros Jr. Monday.

“Alam niyo po yung bonus depende po yan sa performance ng institusyon, at ‘yan ay sinusunod namin ang rules and deadlines ng GCG (Governance Commission for GOCCs),” De Quiros said. “’Yan po ay hindi lang para sa SSS; ‘yan po ay para rin sa lahat ng GOCCs.”

De Quiros said a GOCC is evaluated through a score card and the GCG requires a 90 percent grade in performance for an institution to be allowed to receive a bonus.

“Ibig sabihin, pag hindi po kami nabigyan ng 90 percent, walang bonus ‘yong aming mga empleyado,” De Quiros said. “Kaya ngayon po, by the end of this year, kino-compute ‘yon at may imbestigasyon pa yan; titignan yan ng GCG kung tama ba ang figures.”

The performance evaluation of SSS in 2015 has yet to be completed.

The SSS had a total income of P24,213.47 million for the January to October 2015 period. Below is the agency’s investment portfolio:

Image Credit: news.pia.gov.ph

According to its website, the Governance Commission for Government-Owned or-Controlled Corporations is created under Republic Act No. 10149 and serves as a central advisory, monitoring, and oversight body with authority to formulate, implement and coordinate policies to govern GOCCs.

The GCG conducts the Performance Evaluation System which refers to the process of appraising the accomplishments of GOCCs in a given fiscal year based on set performance criteria, targets and weights, through performance scorecards.

Performance scorecards consist of a set of measures and targets that facilitate the achievements and performance of a GOCC. (PRC-PIA)