SSS seeks appointment of career executive as new head

July 2, 2010 11:05 pm 

MANILA, July 2 – To ensure the stability and viability of the fund, officials and employees of the Social Security System (SSS) have asked President Benigno Aquino III to appoint as SSS administrator a long-time serving career executive, who is considered the foremost expert in the country on social security administration.

In a petition addressed to the President, nearly 1,000 SSS executives and rank-and-file employees expressed their clamor for the appointment of Horacio Templo, SSS Chief Actuary and Executive Vice President (EVP), as SSS president and chief executive officer.

"We deem it proper to recommend our colleague, who rose from the ranks to become the highest career officer of our beloved SSS," employees said. "Templo has been with the SSS for 34 years and knows every facet of SSS operations."

SSS has more than 28 million members and a network of about 150 branches and 14 foreign offices. It manages about P280 billion in assets, including P260-billion investments in blue-chip stocks, government securities, member and development loans, housing and real estate.

As Chief Actuary and EVP since 1997, Templo oversees a wide range of SSS operations such as contribution collections, benefit payments, investments, actuarial studies and branch operations.

"We trust in his competence and experience in improving SSS’ delivery of efficient services, coverage of members and fund viability," said Edgar Solilapsi, SSS EVP for Investments.

The petition cited Templo’s extensive international expertise, which included stints as a social security consultant of the International Labour Organization (ILO), World Bank and United States Department of Labor and a prestigious fellowship on Actuarial and Investment Studies in Geneva and London from the ILO-United Nations Development Programme in 1989.

He also helped negotiate bilateral agreements between the Philippines and Italy, France, Belgium, Spain, Canada, Indonesia, Switzerland and South Korea to ensure better social security benefits for overseas Filipino workers.

A mathematics graduate of the University of the Philippines-Diliman, Templo entered SSS as an actuarial associate during the term of former SSS administrator Gilberto Teodoro and obtained his Master of Science degree on actuarial mathematics from the University of Michigan in 1977 as an SSS scholar.

Mario Sibucao, SSS Vice President for Members’ Assistance, said Templo’s appointment will be a big boost to the morale of the SSS workforce.

"SSS employees can easily relate to him because he worked his way up the ranks through the decades. His career in SSS is a tried-and-tested model of long-term dedication to the service," said Sibucao. (PNA) vcs/utb/PR

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