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SSS targets increased digital transactions

STATE-RUN Social Security System (SSS) is targeting a threefold increase in online transactions by next year to streamline services and save on operating expenses.

SSS salary loan releases reach P19.01B in 1st half

THE SOCIAL Security System (SSS) released some P19.01 billion in salary loans in the first six months, up 8.4% year-on-year.

SSS benefit, pension disbursements rise

THE SOCIAL Security System (SSS) has released benefits and pensions worth P95.71 billion in the first six months to its 3.19 million members, with the bulk going to retirement funds.

SSS digitizing processes, services

STATE-RUN Social Security System (SSS) said it is in the process of digitizing its processes to improve transactions after President Rodrigo R. Duterte in his State of the Nation Address included the pension fund in agencies that need improvement.

SSS-Davao warns over 3,200 delinquent employers

THE SOCIAL Security System’s (SSS) Davao Region office has called on delinquent employers to settle accounts or face charges.

SC affirms validity of SSS premium hike

THE SUPREME Court (SC) has declared valid the premium hike in members’ contributions implemented by the Social Security System (SSS) in 2013.

SSS to conduct survey to plug coverage gaps

THE POLICY-MAKING BODY of the Social Security System (SSS) is set to conduct a nationwide survey to plug coverage gaps and improve social protection.

SSS expects to recover more than half of contribution collectibles

THE Social Security System (SSS) said it may only be able to recover more than half of the expected collectibles from the agency’s condonation program, noting that out of over 132,000 established delinquent employers, only 16,460 of them have availed of the amnesty program in the first three months of the implementation.

SSS looking to hire more fund managers for IRF

LOCAL managers for the remaining P2 billion of the Social Security System’s (SSS) investment reserve fund (IRF) may be tapped as early as end-June, the pension fund’s chief said on Wednesday.

SSS condones P9.5B in penalties under LRP

THE SOCIAL SECURITY System (SSS) condoned P9.5 billion in short-term penalties of calamity-affected members under the second round of its loan restructuring program (LRP).

SSS salary loans increase in 2018

THE SOCIAL Security System (SSS) disbursed more than P30.5 billion in salary loans in 2018, as it saw a jump in releases through electronic means.

SSS loan releases increase

THE Social Security System (SSS) saw a pickup in loan releases for retiree pensioners following the relaxed rules approved by the Social Security Commission.

SSS aims to collect P13 billion from OFWs’ mandatory contributions

THE SOCIAL SECURITY System (SSS) expects to collect P13 billion during the first two years of the implementation of the mandatory contributions from overseas Filipino workers (OFW).

SSS to raise contribution rates by the 2nd quarter

THE SOCIAL SECURITY System (SSS) is set to raise contribution rates starting next quarter after its amended charter was signed by President Rodrigo R. Duterte.

GSIS recommends to Duterte P1,000 hike in month pensions

THE Government Service Insurance System (GSIS) has recommended a P1,000 increase in the monthly pensions paid to retirees, it announced Friday.

Dooc resigns as amended SSS charter takes effect

SOCIAL SECURITY System (SSS) President and Chief Executive Officer Emmanuel F. Dooc tendered his resignation on Tuesday following the effectivity of the pension fund’s amended charter.

SSS targets to implement hike in contribution rate within first half

THE CONTRIBUTION RATE increase of the Social Security System (SSS) is expected to be implemented within the first half of the year once the implementing rules and regulations (IRR) of the pension fund’s newly amended charter are finalized.

SSS to invest overseas as it diversifies asset base

THE SOCIAL Security System (SSS) is eyeing to finally invest overseas as its new charter allows a bigger chunk of its reserve funds to be parked in foreign-currency securities.

SSS opens calamity assistance window for typhoon Usman victims

MEMBERS OF the Social Security System (SSS) who were affected by typhoon Usman that struck the country at the end of 2018 can now apply for a calamity assistance loan.

SSS releases P443M worth of EC benefit

THE Social Security System (SSS) reported yesterday that P442.38 million worth of benefits was disbursed to over 17,619 Employees Compensation (EC) pensioners from Jan. 2017 to Oct. 2018, following President Rodrigo R. Duterte’s approval of the EC benefit increase last May.

SSS tweaks contribution deadlines

THE DEADLINE for the payment of monthly pension contributions is now scheduled at the end of the month after the payable period, the Social Security System (SSS) said, as the fund adjusts to the payment reference number (PRN) system.

Bill fortifying SSC, SSS approved at bicam level

THE BILL allowing the Social Security Commission (SSC) to raise pension contributions starting next year hurdled the bicameral conference committee on Tuesday, with Congress fully adopting the Senate’s version.

Senate OKs bill strengthening SSS

THE SENATE on Monday passed on third and final reading the bill seeking to rationalize and expand the powers of the Social Security Commission (SSC), the governing board of the Social Security System (SSS).

SSS opens calamity loan fund for Ompong-hit areas

THE SOCIAL Security System (SSS) announced yesterday that it has allocated P1.61 billion for the calamity assistance program (CAP) for more than a million of its active members and pensioners who were affected by the typhoon Mangkhut (local name: Ompong) last month.

SSS pension loan availments hit over P100M

AVAILMENTS under the pension loan program of the Social Security System (SSS) reached over P100 million during the first month of implementation, the state-run firm said on Friday.

SSS extends loan relief for members in calamity areas

THE Social Security System (SSS) said Friday that it has extended its Loan Restructuring Program (LRP) with penalties condoned for another six months, to provide relief to members living in areas affected by recent calamities.

Maternity leave bill seen to deplete SSS’ finances

THE MEASURE seeking to extend paid maternity leave will have a “serious implication” on the Social Security System’s (SSS) finances, a top official said while urging the government anew to hike its contribution rate.

SSS cites ‘serious implication’ of extended paid maternity leave

The Social Security System (SSS) said the measure seeking to extend paid maternity leave will have a "serious implication" to its finances, a top...

SSS rolls out loan facility for retirees

THE SOCIAL Security System (SSS) on Monday launched the Pension Loan Program (PLP), allowing 1.3 million retiree pensioners to borrow funds.

SSS launches loan program for pensioners

The Social Security System (SSS) on Monday launched the Pension Loan Program (PLP), allowing 1.3 million retiree pensioners to borrow funds. In an event in...

SSS contributions likely rose close to 13% at end-June

THE SOCIAL Security System (SSS) said its contribution collections likely grew by double digits in the first semester.

SSS reports earning P1.31 billion from loan restructuring program

The Social Security System (SSS) earned P1.31 billion from the three months of implementation of the loan restructuring program (LRP). In a statement Wednesday, July...

PHL signs social security deals with Germany, Japan

THE Philippines’ two major pension funds have signed social security arrangements (SSAs) with Germany and Japan to extend benefit coverage to Filipino residents of that country.

SSS collections up 7.64% in Q1

THE SOCIAL Security System (SSS) collected more contributions from its members in the first quarter, boosting the pension fund’s revenues.

SSS offers anew loan restructuring program to delinquent borrowers

THE SOCIAL Security System (SSS) will be launching another loan restructuring program for delinquent borrowers affected by natural calamities next month. "This is loan restructuring...

SSS earnings up 15%, surpass target for 2017

Social Security System (SSS) said it breached its target revenue in 2017 on the back of intensified collection efforts. In a statement sent to reporters...

In quest for sustainable social protection

Social insurance institutions: Strengthening social protection Among the other sectors, the poor are more vulnerable to the risks and shocks of volatility in the global...

SSS eyes April contribution hike

By Melissa Luz T. Lopez, Senior Reporter THE Social Security System (SSS) is eyeing to raise monthly contributions starting April, which is expected to raise P45...

Tax reform to support SSS contribution hike

THE COUNTRY’S Budget chief said it is high time to raise the contribution rates of Social Security System (SSS) members as they could easily...

SSS plans to increase PSE stake, eyes board seat

By Arra B. Francia, Reporter STATE-RUN Social Security System (SSS) is keen on getting a seat on the Philippine Stock Exchange’s (PSE) board of directors,...

SSS revenues up 9.3% to P175B

SOCIAL SECURITY System posted single-digit growth in its revenues for the first 11 months of 2017 driven by bigger collections in members’ contributions. In a...

Megawide-SSS group to bid for NAIA rehabilitation

By Arra B. Francia, Reporter DIVERSIFIED engineering conglomerate Megawide Construction Corp. and Social Security System are planning to submit to the government an unsolicited proposal...

SSS to open 2 more branches in Davao

THE SOCIAL Security System (SSS) is opening two new branches in the Davao Region next year, one in Calinan, Davao City and the other...

Conflicts of interest at SSS

As if the Social Security System (SSS) was not in enough controversy. And now the most recent issue is that of alleged conflict of...

SSS may remove cap on contributions

By Melissa Luz T. Lopez, Senior Reporter THE Social Security System (SSS) may opt to remove the cap on monthly contributions instead of implementing an...