Social Protection-SSS

MANILA, Philippines – The Social Security System (SSS) said it would no longer accept hardcopy or paper-based contribution and loan collection lists from employers beginning July 1.

MANILA, Philippines – The Social Security System (SSS) is implementing a 5 percent across-the-board pension increase for its 1.9 million pensioners starting this month.

MANILA, Philippines – President Aquino has approved the increase in funeral and disability benefits for both public and private sectors for as long as government financing institutions can finance them.

MY good friend Manong Max Edralin, a well-known pillar in the public-relations industry, once asked me how come he was getting a modest retirement pension from the Social Security System (SSS), considering that he was once a high official of Citibank N.A., where he worked for almost 20 years before retiring in 1991.

It is but only a month from now on June 18, and the Social Security System shows no intention of commemorating that day 60 years ago when President Ramon Magsaysay signed into law Republic Act 1161 or the Social Security Law of 1954 —“An Act To Create A Social Security System Providing Sickness, Unemployment Retirement,…

IT’S summertime once again: time to enjoy the sand, surf and sun! But it’s also a time to watch out for heatstroke, food poisoning, sore eyes, prickly-heat rashes and many other ailments associated with this season. For some of us, being unable to go to work because of an illness could mean financial difficulties. Thank…

The Social Security System (SSS), the pension fund for workers in the private sector, started the New Year with the bad news that the Aquino administration had summarily rejected calls to stop the increase in SSS and Philippine Health Insurance Corp. (PhilHealth) premiums.

As we bid farewell to year 2013, let us all welcome and be ready for the challenges year 2014 will bring. One of these is the increase in the mandatory SSS and PhilHealth contributions of both the employee and the employer. Indeed, starting January 2014, higher rates will be imposed on the SSS and PhilHealth…

MANILA, Philippines – The Social Security System (SSS) and the Philippine Health Insurance Corp. (Philhealth) will begin collecting higher contributions from members this month. The SSS is set to implement this month a 0.6 percent increase in member contributions, divided equally between employees and their employers, as it seeks to cut its unfunded liability of…

Monthly Social Security System (SSS) contributions of at least 30.04 million individual members and 871,642 employers rise to 11 percent from 10.4 percent effective January 2014, the SSS said as it posted the new contribution schedule on its website.

It’s no contest should there be a performance audit on one-on-one basis between two state pension fund agencies of the government – the Social Security System (SSS) and the Government Service Insurance System (GSIS).

MANILA – The head of the Social Security System (SSS) brushed aside criticisms that bonuses given the pension fund’s board members were uncalled for, if not immoral.

MANILA, Philippines – The Social Security System (SSS) is pushing for an increase in the monthly salary credit ceiling from P15,000 to P16,000 since the amount of benefits are related to income.

MANILA – The Social Security System (SSS) on Monday announced the suspension of new rules that would allow members 65 years old and above to enjoy retirement pension if they complete 120 months of contributions.

The Social Security System (SSS) has suspended a management order to cut off lifetime pension for elderly members, who reached age 65 last April but short of the required 120 monthly contributions, a senior official said on Monday.

ONE of the most vehement objections to any increase in Social Security System (SSS) premiums has been voiced by the Kilusang Mayo Uno (KMU). It has accused the SSS of “lying to its members and the public in trying to justify a premium hike.”

CEBU, Philippines – The Trade Union Congress of the Philippines (TUCP) party-list welcomed the recent news that more members of the Social Security System can avail of educational loans, after it changed its guidelines on educational assistance program.

The number of self-employed Filipinos is continuously increasing, according to year-on-year data from the Social Security System (SSS). From 19.35 percent in 2009, the rate increased by 0.34 percent to 19.69 percent in 2010 before becoming 20.06 percent in 2011.

MANILA, Philippines – The Social Security System (SSS) has nearly P7 billion waiting to be tapped under its educational assistance program even as the nation tries to come to terms with the suicide of a University of the Philippines-Manila freshman over lack of tuition money.

Dear PAO, What benefits may the family of a deceased SSS member get? Espy Dear Espy, The Social Security System (SSS) was enacted primarily with the end of promoting social justice and providing protection to its members and their beneficiaries against the hazards of disability, sickness, maternity, old age, death and other contingencies resulting in…

Social Security System officials face graft charges for overcharging its members on their loans by P27 billion since 2006 and for defying a Central Bank order to compute lower interest payments to ease the burden of members, officials said on Monday.

MANILA, Philippines – The Asian Development Bank (ADB) said it supports an increase in the contribution rate in the Social Security System (SSS) and its merger with the Government Service and Insurance System (GSIS).

Members of the Social Security System (SSS) can make phone inquiries about their contributions, benefits, loans and other SSS concerns beyond regular business hours with the new SSS call center, which is open to callers for 16 hours every weekday.

The Social Security System (SSS) is planning to shift the release of its short-term benefits and salary loans to electronic disbursements for ease, proper and hasty transfer of funds to recipients.

MANILA, Philippines—The Social Security System posted a net revenue of P13.96 billion in the four months to April this year, an increase of 49 percent from the P9.37 billion reported in the same period last year.

To get the best prices, the Social Security System and Government Service Insurance System should submit to a Swiss challenge all unsolicited offers to purchase their marketable securities, the Trade Union Congress of the Philippines said in a press release.

Dismayed by audit reports showing the Social Security System (SSS) and Government Service Insurance System (GSIS) may not have gotten the best deal for their members when they sold their Meralco holdings for only P90 per share, the country’s biggest labor union proposed that the two state pension funds submit their marketable securities to a…

MANILA, Philippines – The Social Security System (SSS), the state-owned pension fund for private employees, is ready to invest as much as P50 billion in the government’s Public-Private Partnership (PPP) program for infrastructure, its top official said.

The Social Security System said employees, self-employed workers and voluntary members with overdue loans can settle their unpaid principal and interest without paying the full amount of penalties under a new amnesty program starting on April 2.

STATE-RUN Social Security System (SSS) is eyeing to get Malacañang’s approval for its proposed contribution hike within the first half of the year.