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Retirement Benefit Remains the Most Availed SSS benefit reaching P156.7 B in 2023
The Social Security System (SSS) said it released P156.7 billion in retirement benefits to 2.2 million members in 2023 making it the most availed SSS benefit last year. SSS Vice President for Benefits Administration Division Joy A. Villacorta said that of the 4.7 million benefits disbursed to pensioners, members, and their beneficiaries in 2023, nearly […].....»»
SSS net income soars to all-time high of P83B in 2023
MANILA, Philippines —The Social Security System (SSS) posted a net income of P83.13 billion in 2023, exceeding by 62.8 percent its target of P51.06 billion for the year and the highest attained so far by the state pension fund. Based on its unaudited financial statement, the SSS said the 2023 bottom line market a big jump.....»»
SSS targets 20% profit hike to P100 billion
State-run pension fund Social Security System is expecting at least a 20-percent hike in its bottomline to breach the P100-billion mark this year on increased investment returns and enhanced collection efforts......»»
SSS pushed P300 million into REITs in Q4
Government-run pension funds like SSS and GSIS have significant PSE portfolios, and it is possible to track changes in these portfolios over time using the Top 100 Shareholder disclosures released quarterly by each company......»»
SC ruling favors spouse in pension case
Should a spouse who marries a member of the Social Security System after the latter suffers a total and permanent disability qualify for a survivorship pension? Or should a provision of the social security law that says only the primary beneficiaries ‘as of the date of disability’ shall be entitled to receive a monthly pension prevail?.....»»
Lawmaker proposes gradual 3-year wage hike for private workers
A lawmaker on Wednesday proposed gradually increasing the minimum daily wage for private sector workers by P100 over three years. Manila Rep. Joel Chua believes this approach would be manageable for businesses still recovering from the pandemic. He emphasized the importance of balancing the interests of workers and businesses while implementing the wage hike. A.....»»
SSS surpasses 2023 target
State-run pension fund Social Security System saw its net income reach a record P83 billion in 2023 on the back of the mandatory contribution hike and the increase in new members......»»
SSS revenue soars to P362 billion in 2023
The mandatory contribution hike and the increase in new members boosted the revenues of state-run pension fund Social Security System to P362 billion last year......»»
DOTr: Speedy ROW resolution key to NSCR timetable
The speedy resolution of rights-of-way concerns and the resettlement of informal settlers living along the planned route of the North South Commuter Railway are crucial components for the on-time completion of the vital transportation infrastructure, the Department of Transportation said......»»
SSS softens approach vs. delinquents
SSS softens approach vs. delinquents.....»»
Village officials to be enrolled with SSS
Village officials to be enrolled with SSS.....»»
Marcos-Duterte rival rallies ‘a disgusting display of political ambitions,’ says lawmaker
Amid the growing rift, a lawmaker asserted that Filipinos are bearing the brunt of the ongoing political play. The post Marcos-Duterte rival rallies ‘a disgusting display of political ambitions,’ says lawmaker appeared first on Bulatlat......»»
SSS savings scheme hits P80 billion
The savings scheme of state-run pension fund Social Security System has collected P80 billion from six million members who are looking for additional investment channels......»»
SSS releases P257 billion in benefit payments
State-run pension fund Social Security System released P257.4 billion in benefit payments to 4.7 million members last year......»»
SSS offers loan condonation program
State-run pension fund Social Security System has called on its members with unsettled loans to avail themselves of the agency’s condonation program and clear out their obligations......»»
Recto backs MUP pension for new entrants only
Finance Secretary Ralph Recto is pushing for changes in the pension scheme of military and uniformed personnel (MUP), but only for new entrants, in yet another deviation from his predecessor......»»
Lawmaker calls for speedy passage of cyber attack bills
In light of increased cyber attacks, a lawmaker called on his colleagues in the House of Representatives to hasten the approval of measures that will protect the country’s digital infrastructure and penalize hackers......»»
FACT CHECK: P20K automatic monthly pension for senior citizens false
A YouTube channel, Tita Kitkat TV claims that the government will now provide an automatic P20,000 monthly social pension for all senior citizens......»»
DBM releases P49.8 billion social pension for indigent seniors
The Department of Budget and Management has released nearly P50 billion in social pension for more than four million senior citizens in the country......»»
Philippines urges speedy PJEPA review
The Philippines is wants a faster conclusion of the ongoing general review of the Philippines-Japan Economic Partnership Agreement, even as it continues to push for improved market access for some of its products, according to an official of the Department of Trade and Industry......»»