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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Baguio Country Club
Department of Tourism – CAR
University of Baguio
Venus Parkview Hotel

Congressman Mark O. Go
Department of Health – CAR
Kings College of the Philippines
Lepanto Consolidated Mining Company
Mayor Mauricio G. Domogan
Narda’s Handwoven Arts & Crafts Inc.
Philex Mining Corporation
Pines City Colleges
Province of Benguet
Sangguniang Panlungsod
SM City Baguio
Social Security System

Assumption Medical Diagnostic Center
Baguio Center Mall
Baguio Central University
Baguio Heart and Lung Diagnostic Center Inc.
Baguio Memorial Chapels Incorporated
Baguio Water District
Bureau of Fisheries and Aquatic Resources – CAR
C & Triple A Supermart
Congressman Ronald M. Cosalan
Curamed Pharmacy
Data Center College of the Philippines of Baguio City Inc.
Department of Agriculture – CAR
Department of Environment and Natural Resources – CAR
Department of Trade and Industry – CAR
Department of Transportation – CAR
Easter College Incorporated
Fabulo Beauty and Image Salon
Fast East Pacific Commercial
Filipino–Japanese Friendship Association of Northern Luzon, Inc.
GMS Technology
Immigration Network Services, Inc.
La Funeraria Paz, Inc.
Mayor Romeo K. Salda
MMS Development Training Center Corporation
Mother Earth Deli Basket
National Economic & Development Authority–CAR
Overseas Workers Welfare Administration
Philippine Science High School – CARC
R.A. Gapuz Review Center
Regional Tripartite Wages and Productivity Board – CAR
Solibao – Ganza Restaurant
Technical Education and Skills Development Authority
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