Business NEWS

Stat-run Social Security System (SSS) said the pension fund has registered a decline in payments for disability benefits last year due to the imposing of movement restrictions aimed at containing the spread of coronavirus.

State-run Social Security System said its payments for death benefit claims declined last year due to the quarantine protocols that limited people’s movements.

State-run Social Security System (SSS) said that its sickness benefit payouts dropped last year due to the government’s nationwide community quarantine measures.

State-run Social Security System (SSS) has tapped the Bank of the Philippine Islands (BPI) as a new payment channel for members to pay their contributions through the pension fund’s mobile app conveniently.

State-run Social Security System (SSS) asked its members and covered employers to ensure the correctness and validity of their disbursement accounts when enrolling in the Disbursement Account Enrollment Module (DAEM) through the My.SSS portal.  

Increased demand for public health services as well as the government’s cash aid for workers in small businesses pushed up the Duterte administration’s monetary support to state-run companies last year.

To fulfill its Constitutional duty to deliver housing for its people, government must provide affordable and long-term sources of home loans for the millions of homeless Filipinos, especially the low-income earners.

State-run Social Security System (SSS) has added more services to the pension fund’s online services portfolio as it steps up efforts to digitalize member and employer transactions.  

All members of the Social Security System (SSS) worldwide can now get their SSS benefits and loans proceeds through the DiskarTech mobile app of the Rizal Commercial Banking Corporation (RCBC).

 State-run Social Security System (SSS) is appealing to the House of Representatives for an “objective decision” on the proposed measures postponing the contribution rate hike for this year.

State-run Social Security System (SSS) warned that the suspension of the scheduled increase in member-contribution will considerably strain the already dire financial position of the pension fund.

Business and labor groups have asked the Social Security System to defer premium hike until the new law is adopted.

State-run Social Security System (SSS) warned that any delay in implementing the scheduled increase in contribution rate as well as minimum and maximum monthly salary credits (MSCs) could endanger the pension fund.

State-run Social Security System (SSS) said its new contribution schedule as well as workers’ investment and saving program (WISP) will be implemented starting next year.

The Social Security System (SSS) said the scheduled increase in the monthly contribution of members starting next year will ensure the long-term viability of the pension fund and increase the benefits to be enjoyed by them and their beneficiaries.  

State-run Social Security System (SSS) issued its guidelines on calamity assistance for members and pensioners affected by typhoons “Quinta,” “Rolly,” and “Ulysses” that ravaged Luzon and parts of the Visayas.

State-run Social Security System (SSS) has extended the validity of Land Bank of the Philippines issued checks to provide members with additional time to encash their benefits and loans.

State-run Social Security System (SSS) partnered with the Development Bank of the Philippines (DBP) to expedite the crediting of monthly pensions to pensioners’ accounts and eliminate disbursements through checks.