The new head of the Social Security System (SSS) vowed to continue with the reforms and innovations started by the previous administration to provide better services to members and pensioners. In a statement, Rolando Ledesma Macasaet, SSS president and chief executive officer, said Wednesday, Jan....
State-run Social Security System (SSS) said its benefit disbursements jumped in the first 11 months of the year due to increased benefit claims, as well as number of members and pensioners. In a statement, Michael G. Regino, SSS president and chief executive officer, said the pension fund disbursed...
The implementation on Jan. 1, 2023 by the Social Security System (SSS) of a one percent increase in its members’ contribution rate to 14 percent is the third step of its four-tier contribution increase. This is in accordance with Republic Act 11199 that was enacted in 2018 to strengthen the...
State-run Social Security System (SSS) said the series of contribution rate increases expanded the pension fund’s life by more than two decades. In a statement on Thursday, Dec. 22, Michael G. Regino, SSS president and chief executive officer, said an additional 22 years have been added to the...
State-owned Social Security System (SSS) has justified the contribution increase beginning next year, saying it would help fund higher benefit disbursements to its members. In a statement, Michael G. Regino, SSS president and chief executive officer, said the one percentage point increase in 2023...
The Social Security System (SSS) said the increase in members contributions beginning January next year would proceed as planned despite opposition by private sector employers. In a briefing, Michael G. Regino, SSS president and chief executive officer, said on Thursday, Dec. 15, that postponing...
State-run Social Security System (SSS) announced that it has entered into agreement with Union Bank of the Philippines (UBP) and Rizal Commercial Banking Corp. (RCBC) for the issuance of Unified Multi-Purpose ID (UMID) ATM Pay Cards. In a statement, Michael G. Regino, SSS president and chief...
Pensioners of the Government Service Insurance System (GSIS) and Social Security System (SSS) will receive this week their Christmas cash gifts. These amounts are composed of the 13th month pay and their regular monthly pensions for pensioners of the SSS. Meanwhile, the state pension fund for...
The Government Service Insurance System (GSIS) and Social Security System (SSS) have set aside P33 billion in Christmas cash gifts for pensioners. The two state-owned pension funds announced on Thursday, Dec. 1, that their respective yearend bonuses to about 3.7 million old-age and disability...
State-run Social Security System (SSS) has extended the financial assistance to its members and pensioners in areas affected by Severe Tropical Storm ‘Paeng’ until February next year. Michael G. Regino, SSS president and chief executive officer, said their calamity assistance package consists...
The Social Security System (SSS) announced that it is now accepting applications for the Calamity Assistance Package from earthquake-stricken members and pensioners in Abra and Mountain Province. (SSS Main Office / File Photo) The application for the package, which consists of Calamity Loan...
Members and pensioners affected by the July 27 magnitude 7.0 northwestern Luzon earthquake may now avail of the Calamity Assistance Package, state-run Social Security System (SSS) announced. The Calamity Loan Assistance Program (CLAP) for members and three-month advance pension for retirees may be...
