Tag: Expanded Maternity Leave Law (EMLL)
-
Retirement benefit remains the most availed SSS benefit reaching P156.7 in 2023
The Social Security System (SSS) said it released P156.7 billion retirements 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 half, or…
-
SSS contribution hike to beef up benefit payments for members
The Social Security System (SSS) said that the 2023 contribution increase would help fund higher benefit disbursements to its members. SSS President and Chief Executive Officer Michael G. Regino explained that the four-stage contribution rate hike readies the SSS fund for the future needs of its members. Starting January 1, 2023, the new contribution rate…
Ang Pahayagan 