Increases, such as the hike in members' contribution to the Social Security System (SSS), were studied well based on actuarial considerations, a Palace official said, amid calls to suspend the proposed SSS contribution increase. Executive Secretary Lucas Bersamin (Photo courtesy of PPA/KJ Rosales)...
The Social Security System (SSS) said its contribution rate increase, effective January 2025, is projected to generate an additional P51.5 billion in revenue. In a statement, Robert Joseph M. De Claro, SSS president and chief executive officer, said the substantial increase in revenue will bolster...
Senate Minority Leader Aquilino “Koko” Pimentel III (Senate PRIB) Senate Minority Leader Aquilino “Koko” Pimentel III has thrown his support behind calls to suspend the increase in the contribution rates of Social Security System (SSS)...
Former Bayan Muna Party-list Rep. Neri Colmenares (PPAB) Bayan Muna Chairman and former congressman Neri Colmenares lambasted the “scandalous disparity” between the million-peso salaries of Social Security System (SSS) officials and the...
Calling it an added burden, a group of private school teachers strongly condemned the planned Social Security System (SSS) contribution hike set to take effect in 2025. (MANILA BULLETIN / FILE PHOTO) The Alliance of Concerned Teachers (ACT) Private Schools, in a statement issued on Jan. 5, called...
Gabriela Women’s Party-list Rep. Arlene Brosas (PPAB) Gabriela Women’s Party-list Rep. Arlene Brosas is urging the government to suspend the increase in the Social Security System’s (SSS) contribution rates to 15 percent, arguing that it will...
Private sector workers will soon face higher Social Security System deductions as the state-run pension fund announced increased contribution rates to shore up revenues and ensure long-term stability. Effective Jan. 1, 2025, the SSS contribution rate will rise to 15 percent, according to Circulars...
State-run Social Security System (SSS) announced that it had disbursed over P1.15 billion in calamity loan assistance to nearly 70,000 members affected by recent typhoons. In a statement, Carlo C. Villacorta, SSS acting head for public affairs, said the swift action comes in response to the urgent...
Ahead of the legislated final round of increase in members' contribution rate to 15 percent next year, the Social Security System (SSS) grew its net income by nearly two-fifths to P78.3 billion as of end-September this year. The SSS's latest condensed statement of comprehensive income showed its...
State-run Social Security System (SSS) announced that it had released P32.19 billion in 13th month and December pensions to over 3.6 million pensioners, starting as early as Nov. 29. In a statement on Monday, Dec. 9, Voltaire P. Agas, SSS officer-in-charge, said the early release of the 13th month...
State-run Social Security System (SSS) is offering a three-month advance pension to pensioners residing in areas declared under a state of calamity due to the recent onslaught of typhoons Kristine, Marce, Nika, Ofel, and Pepito. In a statement, Voltaire P. Agas, SSS officer-in-charge, said the...
State-run Social Security System (SSS) is offering calamity loans to members affected by tropical cyclones Kristine, Marce, Nika, Ofel, and Pepito, which struck the country recently. In a statement, Voltaire P. Agas, SSS officer-in-charge, said the loans are intended to provide financial assistance...
