Yahoo Philippines News - Live 2013 Philippine Elections News Updates and Results: P1-M bonuses of SSS governors are legal, say govt officials

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P1-M bonuses of SSS governors are legal, say govt officials Oct 8th 2013, 20:47 The million-peso incentives received by board members of state-run Social Security System (SSS) are legal and are competitive with private sector rates, according to the Governance Commission for Government-Owned and -Controlled Corporations (GCG).The GCG said the incentives are aimed at improving the performance of SSS as a pension fund for private sector employees and attracting top executives to work for government.GCG spokesperson Paolo Salvosa said the performance-based incentives and per diems for SSS executives are spelled out in Republic Act 10149 or the GOCC Governance Act of 2011. ...

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