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...
Four more government financial institutions (GFIs) have signed up in the national housing program of the Marcos administration, the Department of Human Settlements and Urban Development (DHSUD) disclosed on Thursday, Dec. 22. DHSUD Secretary Jose Rizalino Acuzar said he already signed an agreement...
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...
Camarines Sur 2nd district Rep. LRay Villafuerte has joined the chorus of government officials--led by President Ferdinand "Bongbong" Marcos Jr. himself--who are asking Filipinos to give the proposed Maharlika Investment Fund (MIF) a chance. Camarines Sur 2nd district Rep. LRay Villafuerte...
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...
The House Committee on Appropriations has officially dropped the Government Service Insurance System (GSIS) and Social Security System (SSS) as sources of funds for the controversial Maharlika Wealth Fund (MWF). (MANILA BULLETIN) This, after the appropriations panel approved during a public hearing...
A step in the right direction. Northern Samar 1st district Rep. Paul Daza (Facebook) That's how Northern Samar 1st district Rep. Paul Daza described the Houae leadership's decision to amend the controversial Maharlika Wealth Fund (MWF) bill and remove the Government Service Insurance System (GSIS)...
Senator Francis Tolentino thinks he knows why the House of Representatives suddenly balked at plans to tap the Government Service Insurance System (GSIS) and Social Security System (SSS) as contributors to the proposed P275-billion Maharlika Wealth Fund (MWF). Senator Francis Tolentino (Contributed...
Senate Majority Leader Joel Villanueva and fellow majority member Senator JV Ejercito have welcomed the decision of their House colleagues to drop the Government Service Insurance System (GSIS) and Social Security System (SSS) as contributors to the controversial Maharlika Wealth Fund (MWF)....
