The Commission on Human Rights (CHR) looks forward to the enactment into law of House Bill No. 10423 that would provide monthly social pension to all senior citizens regardless of their financial status. Currently, only indigent seniors receive a monthly social pension of P500. House Bill...
For only P500, Social Security System (SSS) members can start saving up for their retirement fund and earn a higher annual return through its reintroduced savings program. SSS President and Chief Executive Officer Roland Ledesma Macasaet urged its members to enroll in the MySSS Pension Booster,...
The Department of Budget and Management (DBM) has greenlit the release of P14 billion to cover the regular pension requirements of military retirees for the period of July to September 2024. The approval, granted on June 14, 2024, comes in response to the Department of National Defense (DND) –...
Members of the Social Security System (SSS) will start receiving text messages about their late payments or past due on their short-term member loans to renew their loans after paying them off. SSS Senior Vice President for Lending and Asset Management Group Pedro T. Baoy said that they will...
The Department of Finance (DOF) said the newly launched pension scheme by the Social Security System (SSS) is a vital step towards financial empowerment for Filipino workers. In a statement, Finance Secretary Ralph G. Recto said the MySSS Pension Booster program is closely aligned with the...
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...
(MANILA BULLETIN) The House of Representatives has unanimously passed on third and final reading a measure granting universal social pension worth no less than P500 to senior citizens. Approved in plenary session Tuesday night, May 21 on...
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...
