A group of education workers on Saturday, October 18, joined calls for the resignation of Government Service Insurance System (GSIS) President and General Manager Jose Arnulfo “Wick” A. Veloso over reported losses amounting to P8.8 billion and alleged questionable investments in...
State-run Social Security System (SSS) is targeting to raise approximately P5 billion next year as an initial deposit from its revamped retirement program. Rolando Ledesma Macasaet, SSS president and chief executive officer, said he is confident in achieving the P5 billion goal due to the...
The Social Security System and Government Service Insurance System could buy the shares of Subic-Clark-Tarlac Expressway to benefit their pension funds, according to Finance Secretary Ralph G. Recto. Recto told reporters on Tuesday that the government has plans for the SCTEX including selling some...
The Social Security System (SSS) said the pension fund is on track to achieve a robust growth in net income this year, supported by increased investment returns and enhanced collection initiatives. Rolando Ledesma Macasaet, SSS president and chief executive officer said that the fund is projecting...
In response to the challenges posed heavy rain and water supply problems in Zamboanga City, the Government Service Insurance System (GSIS) unveiled an emergency loan program for its members and pensioners. In a statement, the pension fund for government workers announced that it has allocated...
About P50 billion was allotted for the government pension of four million indigent senior citizens throughout the country. The Department of Budget and Management (DBM) released a total of P49.807 billion to the Department of Social Welfare and Development (DSWD) to cover the senior citizens’...
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...
Camarines Sur 2nd district Rep. LRay Villafuerte (PPAB) Camarines Sur 2nd district Rep. LRay Villafuerte is calling for the swift passage of a measure that seeks to establish the Agricultural Pension Fund (APF) and provide benefits to farmers and...
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...
The Senate Committee on National Defense and Security has included an amendment in the substitute measure proposing reforms in the military and uniformed personnel (MUP) pension system that would require only new entrants to give contributions for their pension. Sen. Jinggoy Ejercito Estrada,...
Congress is prepared to exercise its oversight role should state economic managers “deviate” from the original intention and “spirit” of the proposed Maharlika Investment Fund (MIF) Act. Senate Majority Leader Joel Villanueva stressed this point in a press briefing at the Senate, saying...
