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...
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...
