Social Security System (SSS) President and Chief Executive Officer Rolando Ledesma Macasaet (left) points out toconstruction company personnel their unremitted contributions in Barangay Teacher’s Village East, Quezon City. Social Security System (SSS) President and Chief Executive Officer...
State-run Social Security System (SSS) will continue to issue violation notices to contribution evaders nationwide in light of the upcoming Labor Day. In an effort to protect the welfare and security of private sector employees, the SSS urges establishments to responsibly remit their workers’...
State-pension fund Social Security System (SSS) has selected Metrobank Trust, the Trust Banking arm of Metropolitan Bank & Trust Co. (Metrobank), to oversee a P1.5-billion balanced fund. In a statement, the bank said that, under the mandate, Metrobank Trust is responsible for managing...
The Social Security System (SSS) said the pension fund is on track to achieve a robust growth in net income this year, supported by increased investment returns and enhanced collection initiatives. Rolando Ledesma Macasaet, SSS president and chief executive officer said that the fund is projecting...
After the recent 7.2 magnitude earthquake in Taiwan, the Social Security System (SSS) will extend its calamity loan to the affected overseas Filipino workers (OFWs). In a briefing, Rolando Ledesma Macasaet, SSS president and chief executive officer said on Thursday, April 4, that active members...
State-run Social Security System (SSS) is offering to help out small and medium-sized enterprises (SMSEs) in paying their employees’ unpaid contributions. The SSS recorded a successful Run After Contribution Evaders (RACE) campaign throughout 2023, bringing P92 billion worth of unpaid remittances...
State-run Social Security System (SSS) is encouraging overseas Filipino workers (OFWs) in Singapore to avail of the Voluntary Provident Fund Program or the Worker’s Investment and Savings Program (WISP) Plus. During the First SSS Kapihan sa Singapore, SSS President and Chief Executive Officer...
The Social Security System (SSS) reported an increase in cash benefits for elderly members who could no longer work that benefited over two million Filipinos. The SSS said on Friday, Mar. 8, that the pension fund released around P157 billion in retirement benefits to 2.2 million members from...
For those with overdue Social Security System (SSS) loans, now is the time to settle them and clear their financial obligations. On Wednesday, March 6, the SSS said there is an ongoing loan condonation program aimed at waiving penalties accrued by borrowers with outstanding salary, calamity,...
The Social Security System (SSS) announced its net income in 2023 exceeded by 62.8 percent its target of P51.06 billion to P83.13 billion as it recorded higher revenues than its expenses. Based on its 2023 unaudited financial statement, SSS' net income of P83.13 billion in 2023 surpassed the P52.60...
The Social Security System (SSS) posted a record profit of P83.13 billion last year, propelled by robust revenues resulting from the increase in the contribution rate. The private sector employees' pension fund surpassed its 2023 net income target of P51.06 billion by 62.8 percent as well as...
The Social Security System (SSS) has raked in nearly P28 billion in additional revenues following the increased member contribution rate last year. In a statement, Rolando Ledesma Macasaet, SSS president and chief executive officer, said the one percent rise in contribution rate from 13 percent to...
