Issue of November 5, 2017

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SSS shifts execs amid stock investment issue
by Press release

State-run Social Security System has confirmed the re-assignment of its officials involved in a stock investment controversy and are subjects of an administrative case.

The agency said the re-assignments of executives have been implemented in the exigency of service.

The SSS administration said the action will also pave way for an objective, transparent, and fair investigation of the ongoing administrative complaint, and due process will be strictly observed in the investigation. Charges in the administrative complaint are subject to investigation.

The re-assignment will also avoid any suspicion that the ongoing investigation will be white-washed.

The SSS reiterated that it has institutionalized procedures to address administrative complaints. Such mechanisms ensure all parties are given due process.

The agency said it guarantees its members that the Investment Reserve Fund, which came from members’ contributions and investment income, is intact, well-protected, and professionally managed.

The management also assured its members that no SSS fund was used or compromised in the issue.

The SSS statement came in light of the allegations that some of its executives have been using its stockbrokers for their personal benefit.

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Albergo Hotel and Residences
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University of Baguio
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Baguio Central University
Benguet Electric Cooperative Inc.
Cong. Mark O. Go
Cong. Ronald Cosalan
Department of Education – CAR
Department of Health – CAR
Gov. Crescencio Pacalso
Lepanto Consolidated Mining Company
Narda’s and Sunflower Ridge
National Grid Corporation of the Philippines
Pines City Colleges
Sangguniang Panlungsod
SM City Baguio
University of the Philippines Baguio

Assumption Medical and Diagnostic Center
Baguio Center Mall
Baguio Water District
BSBT College, Inc.
Bureau of Internal Revenue
BVS Colleges
C &Triple A Supermart
Councilor Edgar M. Avila
Curamed Pharmacy
Department of Environment and Natural Resources – CAR
Department of Interior and Local Government – CAR
Department of Public Works and Highways – CAR
Fabulo Beauty and Image Salon
Far East Pacific Commercial
Filipino–Japanese Foundation of Northern Luzon, Inc.
GMS Technology
John Hay Management Corporation
King’s College of the Philippines
La Funeraria Paz, Inc.
Mayor Mauricio G. Domogan
Mother Earth Deli Basket
Overseas Workers Welfare Administration – CAR
Philex Mining Corporation
Police Regional Office – CAR
STI Baguio
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