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SSS contributions rose by nearly 10% in 2013

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Contributions to the Social Security System (SSS) rose by nearly 10 percent last year, hitting the P100-billion mark for the first time in the pension fund’s history as its membership grew.

Posted: March 17th, 2014 in Headlines | Read More »

Pension fund to put up more branches abroad

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The Social Security System (SSS) plans to put up two more branches abroad this year, including one in Toronto, Canada, as it targets a double-digit rise in contributions from overseas Filipino workers.

Posted: March 10th, 2014 in Headlines | Read More »

SSS contributions up as OFWs help raise ante

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Contributions of overseas Filipino workers (OFWs) to the Social Security System jumped in 2013 as more migrant workers appreciated the value of being members of the state pension fund.

Posted: March 3rd, 2014 in Headlines | Read More »

Life insurance market penetration rising

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About 25 million Filipinos are now covered by life insurance, the Insurance Commission said as it credited for this the “success” of the micro-insurance program that targets low-income households.

Posted: January 26th, 2014 in Headlines | Read More »

Another hike in SSS members’ contribution eyed

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The Social Security System is eyeing another increase in the rate of its members’ contribution before the end of President Aquino’s term

Posted: January 24th, 2014 in Headlines | Read More »

SSS sees flat revenue growth for ’13

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The Social Security System likely registered a flat growth in net revenues in 2013 as uncertainties in the financial markets resulted in moderate gains in stocks and other portfolio investments.

Posted: January 19th, 2014 in Headlines | Read More »

SSS shells out P11B in holiday benefits

The Social Security System has released P11.02 billion worth of 13th month benefits to its pensioners.

Posted: December 20th, 2013 in Headlines | Read More »

SSS extends loans to Yolanda victims

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Members of the Social Security System affected by Typhoon Yolanda may avail themselves of preferential loans and advanced pensions from the state-run firm to help themselves recover from the calamity.

Posted: November 11th, 2013 in Headlines | Read More »

SSS plans sale of P20B in assets

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After selling one of its prime properties for more than P2 billion, the Social Security System is bent on cashing in on its other assets.

Posted: October 11th, 2013 in Editor's Pick,Headlines | Read More »

SSS plans hike in exposure to stock market

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The Social Security System is looking to increase its exposure to the stock market, in anticipation of a boost in equity prices following the investment grade given to the Philippines by the Moody’s Investors Service.

Posted: October 6th, 2013 in Headlines | Read More »

COA tells SSS to speed up processing of death, disability, retirement claims

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SSS main building in Quezon City. CONTRIBUTED PHOTO/Wikimedia.org

The Commission on Audit has aired serious concern over the slow processing of payments of death, disability and retirement claims of members of the Social Security System (SSS).

Posted: October 2nd, 2013 in Latest Business Stories | Read More »

SSS net revenue up 16% in H1

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The Social Security System registered a double-digit growth in its net revenue in the first semester of the year, which was attributed by officials of the pension fund to measures boosting members’ contributions.

Posted: September 24th, 2013 in Headlines | Read More »

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