The net income of Social Security System (SSS), the state-run pension fund for private-sector workers, declined by almost a fourth to ₱25.3 billion in the first quarter of 2026 as benefits paid to members and pensioners surged. SSS’ latest condensed statement of comprehensive income showed that...
International Finance Corp. (IFC) expects its investment in Aboitiz-led Union Bank of the Philippines’ (UnionBank) inaugural sustainability bond to broaden access to climate finance, expand lending to micro, small, and medium enterprises (MSMEs), as well as encourage more Philippine financial...
Social Security System (SSS) is earmarking ₱40 billion to finance a planned solar panel loan program that could benefit around 100,000 households. SSS President and Chief Executive Officer (CEO) Robert Joseph De Claro told reporters in a recent interview that the state-run pension fund is...
The Social Security System (SSS) commenced the early rollout of the second tranche of its Pension Reform Program, advancing the scheduled benefit increase by three months to provide immediate financial relief to 4.1 million state pensioners. The state-run pension fund announced on Tuesday, June 2,...
Social Security System (SSS) is preparing to launch an energy sustainability loan program in September to help qualified members finance residential solar panel systems amid elevated electricity costs. In a statement on Friday, May 22, SSS President and Chief Executive Officer (CEO) Robert Joseph...
The Social Security System (SSS) said it remains confident in the stability of First Gen Corp. even as a deepening rift within the Lopez family triggers calls for a leadership change and a government probe into “poison pill” provisions at the country’s largest renewable energy producer....
The controlling faction of the Lopez family is calling for a formal government inquiry into “poison pill” provisions at First Gen Corp., alleging the measures protect the tenure of President and Chief Executive Officer Federico R. Lopez, at the expense of state pension funds and international...
State-run Social Security System (SSS) is earmarking roughly ₱60 billion in financial assistance and benefit support, accelerating the scheduled pension hike and loosening loan requirements to shield members from an energy-crisis-induced spike in living costs. Robert Joseph M. de Claro, SSS...
State-run pension fund Social Security System (SSS) has partnered with EastWest Rural Bank (EWRB) to expand access to MySSS Card, making it easier for members—especially those in remote and underserved communities—to access banking services and receive benefits. Under the partnership, EWRB...
State-run Social Security System (SSS) is considering temporarily suspending loan payments and waiving or reducing penalties on unpaid contributions to provide relief to its members facing financial challenges amid the Philippine energy crisis. SSS said in a statement released over the weekend that...
State-run pension fund Social Security System (SSS) has reassured its members in the Middle East that they can continue accessing benefits and services through its digital platforms, even amid escalating regional conflicts. SSS President and Chief Executive Officer (CEO) Robert Joseph M. de Claro...
Social Security System (SSS) members and pensioners received good news last week. As the state-run pension fund recorded a sharp hike in net income to ₱143 billion — and its reserve fund also hit the ₱1-trillion mark for the first time in the state insurer’s history — SSS President and...
