Macasaet steps down as SSS chief

SOCIAL SECURITY SYSTEM (SSS) President and Chief Executive Officer Rolando L. Macasaet has stepped down from his position effective Oct. 6 (Sunday).

This marks the end of his near two-year stint at the helm of the state pension fund, which began on Jan. 5, 2023, SSS said in a statement on Sunday.

Malacañang has yet to announce the next SSS head.

Media reports over the weekend said Mr. Macasaet resigned to run for a party-list post.

Under Mr. Macasaet’s term, SSS reached a record-high three million new members in the first nine months of 2024. This was more than double the number of new members recorded in the same period last year.

This puts the pension fund on track to have four million to five million new members for this year.

SSS’ net income rose by 58% to a record P83.13 billion in 2023. — AMCS