Preamble
WHEREAS, on the 22nd day of December, 1973, Presidential Decree No. 347 amended certain sections of Republic Act No. 1161, as amended, otherwise known as the "Social Security Law"; WHEREAS, Article 178 (d) of Presidential Decree No. 442, otherwise known as the "Labor Code of the Philippines," provides for the integration of the benefits under Title II of Book IV of the Code with other benefits administered by the SSS and GSIS; WHEREAS, increases in social security benefits should now be provided to meet the additional needs of SSS members arising from the price increases of prime commodities and other effects of the combined inflation and recession; and WHEREAS, in order to bring about a more effective implementation of social security legislation and enable the SSS to be even more responsive to the needs of its members, it is found necessary to further amend certain sections of the Social Security Law; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution, do hereby order and decree: