Development of the Law

Jun 21st, 2015
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Allen University
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The first amendatory act (RA1792) deleted provisions on unemployment benefits. RA2658 was enacted after wherein the coverage of the Social Security System was broadened, the benefits increased and the enjoyment thereof liberalized.

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Development of the LawRepublic Act No. 1161, otherwise known as the Social Security Act of 1954 was approved on July 18, 1954, but it was not implemented until September 1, 1957. The first amendatory act (RA1792) deleted provisions on unemployment benefits. RA2658 was enacted after wherein the coverage of the Social Security System was broadened, the benefits increased and the enjoyment thereof liberalized. Three (3) years thereafter, RA3839 was promulgated wherein retirement benefits were increased and the minimum age requirement for coverage was removed. On June 19, 1965, RA4482 was enacted wherein reimbursable amount of sickness benefits advanced by employers was increased. Several amendments were introduced later increasing the amount of benefits of the Social Security System.Rationale behind the EnactmentIt was enacted in pursuant to the policy of the State to establish, develop and promote a sound and viable tax-exempt social security system suitable to the needs of the people throughout the Philippines and provide meaningful protection to members and their beneficiaries against the hazards of disability, sickness, maternity, old age and death, and other contingencies resulting in loss of income or financial burden.Validity of the Social Security LawIt is a legitimate exercise of police power in accordance with the constitutional provisions on the promotion of social justice to insure the well-being and economic security of all the people.Features:a. It is to be

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