Thebill said because of the “shifting of concerns and issues,” there is a need to modify the system.
The bill said that the current law, although has increased the benefits to retirees and increased the taxable wage base to cover the cost of such increase, it however resulted to the benefit decrease for certain Palauan citizens who had been eligible for and had received certain SS benefits with no advance warning that their benefits would be altered.The proposed changes said that the changes will restore benefits to citizens who have been injured by the benefits decrease.
