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...
The proposed Philippine sovereign wealth fund (SWF) gained the backing of several top-performing government financial institutions (GFIs) when the measure was tackled Tuesday, Nov. 29 by the House Committee on Banks and Financial Intermediaries. (Mari Gimenez/ Unsplash) The measure, House Bill (HB)...
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...
State-run Social Security System (SSS) and Rizal Commercial Banking Corp. (RCBC) inked an agreement allowing the the Yuchengco-led lender to issue Unified Multi-Purpose ID (UMID) pay cards to the pension fund’s members. SSS President and Chief Executive Officer Michael G. Regino and RCBC...
The Social Security System (SSS) and the Cooperative Development Authority (CDA) have finalized their partnership for social security protection awareness campaigns. Last Oct. 20, SSS signed a memorandum of understanding (MOU) with CDA formalizing their partnership in ensuring that cooperatives and...
The poor local pension and retirement system will ultimately prevent the Philippines from being a rich country, economist-congressman Joey Salceda opined on Saturday, Oct. 22. (Emil Kalibradov/ Unsplash) “Among the world’s most populous economies, we have almost the worst pension system....
State-run Social Security System (SSS) announced that its branches located in shopping malls in the Metro Manila are now open on Saturdays to accommodate members who can only transact with the pension fund on weekends. In a statement, Michael G. Regino, SSS president and chief executive officer,...
The guidelines for Calamity Loan Assistance Program (CLAP) for members and Three-Month Advance Pension for pensioners residing in areas declared under a state of calamity due to the recent onslaught of typhoon Karding were released by the Social Security System (SSS) on Friday, Oct. 14. (SSS Main...
A service fee of P6-25 will be charged by Social Security System (SSS)-accredited collecting partners for every payment transaction, the state-run agency advised on Friday, Oct. 14. (SSS Main Office / File Photo) "Please be informed that SSS-accredited collecting partners may now charge a service...
The Social Security System (SSS) received a commendation from President Ferdinand "Bongbong" Marcos Jr. for its new and upcoming programs and services at the recently concluded 2022 Balikat ng Bayan (BnB) awarding ceremony. (SSS Main Office / File Photo) In a statement on Monday, Oct. 10, SSS said...
State-run Social Security System (SSS) has launched a new penalty condonation program that aims to aid its members in paying their past-due loans. In a statement, Michael G. Regino, SSS president and chief executive officer, said members with unpaid short-term member loans may take advantage of the...
The country’s improving economic condition amid easing quarantine restrictions would enable the Social Security System (SSS) to generate higher earnings from investments, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said the pension fund for the private sector...
