After the recent 7.2 magnitude earthquake in Taiwan, the Social Security System (SSS) will extend its calamity loan to the affected overseas Filipino workers (OFWs). In a briefing, Rolando Ledesma Macasaet, SSS president and chief executive officer said on Thursday, April 4, that active members...
State-run Social Security System (SSS) is offering to help out small and medium-sized enterprises (SMSEs) in paying their employees’ unpaid contributions. The SSS recorded a successful Run After Contribution Evaders (RACE) campaign throughout 2023, bringing P92 billion worth of unpaid remittances...
State-run Social Security System (SSS) is encouraging overseas Filipino workers (OFWs) in Singapore to avail of the Voluntary Provident Fund Program or the Worker’s Investment and Savings Program (WISP) Plus. During the First SSS Kapihan sa Singapore, SSS President and Chief Executive Officer...
The Social Security System (SSS) reported an increase in cash benefits for elderly members who could no longer work that benefited over two million Filipinos. The SSS said on Friday, Mar. 8, that the pension fund released around P157 billion in retirement benefits to 2.2 million members from...
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...
