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Monday, May 04, 2009

SSS Success, A Model for Change - Teodoro

Defense Secretary Gilberto Teodoro said on Monday (May 4) that the  success story of the Social Security System (SSS), the biggest pension
fund in the country for private sector workers, can serve as model to  bring about change in the manner that the government does things.

He said the success of the SSS, a government agency handling private  sector funds, have benefited the workers and their families, but it
should also serve as model for other government agencies as well.

We hope we can use the SSS as a success story not only for the benefit  of the working man, but for changing the way government does things, 
he said.
"They will see that government can be trusted, government is there to  provide, and they can spend their money's worth on government, " he

Teodoro was guest speaker at the opening of the 3rd SSS National  Account Officers Convention, which carries the theme "i-AO: Maximizing
Technology for Greater Productivity,"  at the Fontana Convention  Center in Clark, Pampanga.

From a seed capital of P500,000 and a few hundred members in 1957, the  SSS has grown to become the biggest pension fund in the country today
with assets of more than P250 billion and membership of 28 million.

Teodoro, the only son of the late Gilberto Sr. who served as SSS  administrator from 1966 to 1986, the longest in the agency's 51-year
history, proposed that every newly born Filipino should be given an SSS number to facilitate dispensing services to them.

He said that if information was kept "sacrosanct" and used purely for  the benefit of dispensing services to Filipino workers, "it will
change a lot of paradigms in dispensing public services and social  services to the Filipino people."

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