Neri, SSS execs received P127-M perks over 3 yrs
By Angie M. Rosales 08/25/2010 Former Social Security System (SSS) president Romulo Neri, along with some top executives of the agency allegedly appropriated for themselves bonuses and other incentives totaling more than P127 million over three years based on data provided the Senate in relation to its current probe into excessive compensations given to officials of government-owned and -controlled corporations (GOCCs). Of the amount, one SSS executive, outgoing chairman Thelmo Cunanan got an estimated P85 million in bonuses and allowances during the same period, Sen. Franklin Drilon said yesterday. Senate probers cited the likelihood that these officials will face criminal liability for the apparent abuse they committed in managing the workers’ trust funds. It was the turn of SSS officials to be grilled by the finance committee chaired by Drilon as the panel resumed its inquiry on the reported fat salaries and excessive perks of executives in some GOCCs. The bulk of the amount came as compensation for sitting in the board of Philex Mining Corp., representing the state fund which has investments in the mining firm. Source: The Daily Tribune URL: http://www.tribuneonline.org/headlines/20100825hed6.html |
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