Employers are against plans to raise member contributions to the Social Security System (SSS).
Edgardo Lacson, president of the Employers Confederation of the Philippines (ECOP) said small businesses may not be able to absorb any hike in SSS contributions.
In his State of the Nation Address (SONA), President Aquino said raising the SSS contribution shared by employer and employee from 11% to 10.4% will help cut down the SSS liabilities by more than a hundred billion pesos.
source: http://anc.yahoo.com/news/employes-oppose-hike-in-sss-contributions-013932989.html
