Post Office clarifies delivery of PhilSys IDs

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The Philippine Postal Corporation (Post Office) announced that they have delivered the PhilSys IDs turned-over for dispatch to their intended recipients and at the same time clarified issues in the delivery of the said cards.

“Staying true to our mandate to deliver efficient, competitive and on-time delivery of goods and services, we would also like to clarify some issues and be given a chance to answer. So ngayon ang tanong, ang sabi- hindi pa raw nila natatanggap yung IDs nila dahil hindi pa namin nadedeliver (now the question is, they said, they haven't received their IDs because we didn't deliver it)”, Postmaster General Norman Fulgencio said.

“There is a way wherein you can verify or check your PhilSys ID. We have a post office website where you can track your IDs. If the result is, NOT FOUND, ibig sabihin noon, hindi pa narereceive ng Post Office ang mga ID (meaning, the PhilSys ID has not been received by the Post Office).”. Wala po sa amin ang problema, yun po ang malinaw dun (The problem is not with the Post Office, let us be clear about it)”, Postmaster General Norman Fulgencio said.

He added, “The Post Office has delivered more than 13.7 million PhilSys ID’s nationwide which is equivalent to 94% of the 14.5 million ID cards turned-over for dispatch as of June 30, 2022.

“Only six percent (6%) or 774,650 ID cards are ongoing or being delivered by the Post Office in far flung areas of the country. We presumed that some of them have already received their IDs as of the moment”, Fulgencio said.

If the result of the tracking service is “not found”, the Post Office advises the public to call the Philippine Identification System Hotline 1388, send them messages via Facebook Messenger m.me/PSAPhilsysOffical or email them at info@philsys.gov.ph.

“We are given 30 days to deliver the Philsys ID in far flung areas in Luzon, Visayas and Mindanao. In cities it will take us less than 15 days to deliver. Sometimes, we attempt to deliver twice because the recipient's house is closed. Others are working or transients (moving). We can’t avoid these things”, he said.

“The Post Office and the PSA already discussed doing the Plaza type delivery (where all mails shall have been entrusted to an authorized person, or barangay for pick-up) in order to address this kind of situations”, he added.

SSS receives unmodified opinion from COA for second straight year

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Social Security System (SSS) President and CEO Michael G. Regino announced that the Commission on Audit (COA) rendered an unmodified opinion on the fairness of presentation of the financial statements of the SSS for the year 2021.

“In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the SSS as of December 31, 2021 and 2020, and its financial performance and its cash flows for the years then ended in accordance with Philippine Financial Reporting Standards (PFRSs),” COA’s report stated.   This is the second year in a row that the SSS received an unmodified opinion from COA. It is issued when the auditor concludes that the financial statements are prepared, in all material respects, in accordance with the applicable financial reporting framework.   “We are honored to receive back-to-back unmodified opinions from the COA. This serves as a testament to our continuous pursuit of good governance and transparent and prudent management of the SSS Fund,” Regino said.   Under its financial statements, SSS’ income for 2021 increased by 7.4 percent to P276.33 billion from P257.24 billion in 2020; its benefit payments grew by 14.9 percent to P223.98 billion in 2021 from P194.87 billion in 2020; and its operating expenses for 2021 amounted to P10.19 billion, which is only 33.6 percent of the allowed charter limit.   Since the fiscal year 2020, the SSS used PFRS 4 to present its financial statements, where Social Benefit Liabilities (SBLs) are required to be presented in the balance sheets. For its 2021 financial statements, the SSS recorded an P872.36 billion net change in policy reserves under its expenses representing SBLs, including a Margin for Adverse Deviation (MfAD) that serves as a buffer for conservatism. These, however, are not actual cash that went out of the SSS Fund in 2021 but estimates of the required reserves to fund future benefit claims.   Excluding the said policy reserves, the SSS recognized a net profit of P28.45 billion for 2021. The SSS also reported that based on its last published actuarial valuation, its fund life is projected to last until 2054.   Furthermore, the SSS reached and exceeded its targets for the said year in terms of sustaining the viability of the social security institution (increase in per capita fund); benefit adequacy (increase in the number of contributors and amount of average monthly salary credit); ensuring progressively higher levels of social security protection for Filipino workers and their families (increase in average pension); institutionalizing a robust ICT system and infrastructure to support transformative digitalization; among others.   “We remain dedicated to improving the lives of our members and their beneficiaries by providing them with meaningful social security protection through a culture of excellence in financial and operational management,” Regino concluded.

SMDC celebrates Hill Residences Topping Off in Novaliche

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SM Development Corporation (SMDC) showed steadfast commitment in bringing master-planned communities to more growth areas across the country as they topped off Hill Residences last Wednesday, July 6, in Novaliches, Quezon City.

Perched in one of the higher areas in Novaliches, Hill Residences is an exclusive and safe vertical village that offers an ‘elevated’ resort living experience, with thoughtfully-designed, people-centric amenities perfect for families seeking to live in an ideal home and community.

Infrastructure developments such as the soon-to-be-completed MRT Line 7 have made Novaliches a coveted investment hotbed, as it will unlock convenient travel to a myriad of key places of interest in and around the metro.

Like any other SMDC development, Hill Residences provides 24/7 safety and security, and utmost convenience, with its complete features and amenities uplifting the quality of life of Filipinos and ensuring capital appreciation for investors.

To know more about Hill Residences, follow SMDC on Facebook, Instagram, YouTube, and Twitter, or visit the SMDC website.