SSS to launch two new programs to benefit informal economy workers and other individually-paying members
Posted on June 30, 2022
Social Security System (SSS) President and CEO Michael G. Regino announced on Monday that two new programs, the flexible payment schedule and the Contribution Subsidy Provider Program (CSPP), are set to be launched in July to help ensure the social security protection of the informal economy workers and other...
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SSS partners with UBP for the issuance of UMID Pay Cards to members starting Q4 2022
Posted on June 29, 2022
The Social Security System (SSS) and UnionBank of the Philippines (UBP) signed a memorandum of agreement on Monday that will allow SSS members to acquire Unified Multi-Purpose Identification (UMID) Pay Cards through the UBP. Photo shows SSS President and CEO Michael G. Regino (4th from left) and UBP President...
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SSS members’ mandatory provident fund generates an income of ₱333.77 million and returns of 6.39% in its first year
Posted on June 27, 2022
The Social Security System (SSS) said on Monday that the pension fund’s mandatory provident fund for its members called the Workers’ Investment and Saving Program (WISP) generated an income of ₱333.77 million with a corresponding return of 6.39 percent in the first year of its implementation. SSS President and...
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Mandatory Online filing of retirement claims to also cover Self-Employed Members aged 60 to 64 years old starting July 1
Posted on June 24, 2022
Social Security System (SSS) President and CEO Michael G. Regino said the coverage of the mandatory online filing of retirement benefit claims through the My.SSS Portal will be extended to self-employed members who are 60 to 64 years old starting July 1, 2022. This is in addition to all...
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SSS earns P28B in 2021; reported net loss due to new accounting standards
Posted on May 30, 2022
The Social Security System (SSS) announced that it has registered earnings of P28 billion in 2021 from its operations, with its contributions and investment income exceeding benefit payments and operating expenses. In its 2021 unaudited financial statement, its cash inflows of P262 billion surpassed its cash outflows of P234...
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