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...
LUCENA CITY, Quezon – A bomb threat disrupted operations of a Social Security System (SSS) branch here on Monday afternoon, February 11. Police said the branch manager, Sherlie Calusin, received an emailed bomb threat from an anonymous sender at around 4 p.m. Security immediately evacuated...
The Department of Finance (DOF) reported that the Social Security System (SSS) collected nearly P80 billion from its Workers’ Investment and Savings Program (WISP) as of last year. The DOF said that since its inception in 2021, WISP, a mandatory provident fund scheme, has accumulated a total of...
The Social Security System (SSS) has issued a reminder to employers and collection partners to remit employees' contributions for the third quarter and October before the year's end. Based on a SSS circular posted on its website, the pension fund for the private sector stated that business and...
State-run Social Security System (SSS) has encouraged retiree-pensioners to avail of the Low-Interest Pension Loan Program (PLP), instead of resorting to loan sharks just to fulfill their urgent financial needs. In a statement on Monday, Dec. 11, the SSS reminded pensioners about the PLP...
The Social Security System (SSS) has issued violation notices against eight business employers in Sun Valley and Merville, Parañaque City, for failing to remit contributions. In a statement, the SSS reported that a sum of P1.7 million in contributions, along with corresponding penalties, went...
The Social Security System (SSS) will dispose of unclaimed Unified Multi-Purpose Identification (UMID) cards from its branches by the end of this year. In a statement on Tuesday, Nov. 21, the pension fund said UMID card applicants between August 2017 to December 2020 must claim their IDs on or...
Three state-run banks and insurance corporations received the highest ratings for corporate governance in 2022 from the Governance Commission of GOCCs (GCG). During the Government-owned and Controlled Corporations (GOCC) governance awards on Monday, Nov. 20, the Land Bank of the Philippines...
To enhance investment returns, the Social Security System (SSS) has tapped two government-owned banks to serve as its local fund managers for the next three-year period. Rolando Ledesma Macasaet, SSS president and chief executive officer said, the pension fund has allocated P2 billion in...
State-run Social Security System (SSS) received recognition for addressing all concerns from its members from the Civil Service Commission (CSC). In a statement, the insurance system gained a 100 percent rate in complaint resolution among the other government agencies in 2022. The achievement was...
ZAMBOANGA CITY – The Social Security System (SSS), Bureau of Customs (BOC), and the Philippine Ports Authority (PPA) signed a Memorandum of Agreement on Tuesday, November 7, in a hotel here for the social security coverage of job order and contractual personnel of these three offices who are not...
