Tag: Social Security System (SSS)
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SSS to mark Labor Day celebration with nationwide operation against contribution evaders
To commemorate Labor Day, the Social Security System (SSS) will push for the social security protection of Filipino workers nationwide by calling on business establishments to religiously remit their workers’ contributions. SSS Executive Vice President for Branch Operations Sector Voltaire P. Agas announced that SSS will issue violation notices to delinquent employers across the country…
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SSS Bocaue to file legal action against delinquent employers
BULACAN – The Social Security System (SSS) visited another batch of delinquent employers during the Run After Contribution Evaders (RACE) campaign to intensify employer compliance and collection from delinquent accounts in this province. SSS Vice President for Luzon Central 2 Division Gloria Corazon M. Andrada led the issuance of show cause orders to seven delinquent employers…
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SSS welcomes the newest member of the Social Security Commission
The Social Security System (SSS) welcomed Jesus P. Sale Jr.’s appointment as the newest member of the Social Security Commission (SSC), the SSS’ highest governing board. SSS President and Chief Executive Officer Rolando Ledesma Macasaet said President Ferdinand R. Marcos Jr. appointed Sale to the SSC last March 26, 2024 and he took his oath…
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SSS holds employers accountable for unregistered business, unremitted contributions
BULACAN – Social Security System (SSS) Vice President for Luzon Central 2 Division Gloria Corazon M. Andrada spearheaded the Run After Contribution Evaders (RACE) campaign to enforce employers’ compliance under Republic Act 11199 or Social Security Act of 2018. Andrada said that show cause orders were issued to six delinquent establishments due to non-registration of…
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Macasaet pushes SSS voluntary fund to OFWs in Singapore
Social Security System (SSS) President and Chief Executive Officer Rolando Ledesma Macasaet urged Overseas Filipino Workers (OFWs) in Singapore to avail of the SSS Voluntary Provident Fund Program, also known as the Worker’s Investment and Savings Program (WISP) Plus. Macasaet told the 83 OFWs who attended the 1st SSS Kapihan sa Singapore on March 10, 2024…
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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…
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SSS encourages members with unpaid loans to avail of the loan penalty condonation program
Social Security System (SSS) Executive Vice President for Investments Sector Rizaldy T. Capulong said that SSS President and Chief Executive Officer Rolando Ledesma Macasaet announced the condonation of penalties of members with past-due loans to help them regain their good standing with the SSS and once again avail of SSS loans. Capulong urged members with…
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SSS net income in 2023 soars to P83 billion
The Social Security System (SSS) announced its net income in 2023 exceeded by 62.8 percent its target of P51.06 billion to P83.13 billion as it recorded higher revenues than its expenses. Based on its 2023 unaudited financial statement, SSS’ net income of P83.13 billion in 2023 surpassed the P52.60 billion net income recorded in the…
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SSS revenue in 2023 surpasses target by 9.5 percent
The Social Security System (SSS) today announced that its revenue for 2023 jumped to P362.20 billion, surpassing its P330.80 billion revenue target by 9.5 percent, fueled by beefed-up collection efforts and substantial income from its investments. SSS President and Chief Executive Officer Rolando Ledesma Macasaet said the P362.20 billion revenue was the highest revenue so…
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SSS issues Notices of Violation to large account employers
PARAÑAQUE CITY — The Social Security System (SSS) urged delinquent employers in Parañaque City to settle their P83-million contribution delinquencies during the Run After Contribution Evaders (RACE) operation held on November 30, 2023. SSS Vice President for Operations Legal Services Division I Renato Jacinto S. Cuisia (5th from left), SSS National Capital Region (NCR) South Legal…
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SSS encourages retiree-pensioners to avail of its low-interest Pension Loan Program
The Social Security System (SSS) calls on its retiree-pensioners to take advantage of its low-interest Pension Loan Program (PLP) for their immediate financial needs instead of borrowing from Sangla-ATM lenders. SSS President and Chief Executive Officer Rolando Ledesma Macasaet said SSS launched PLP to assist SSS retiree-pensioners in their immediate financial needs by offering a…
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SSS sets December 29 deadline for pickup of unclaimed UMID cards in branches
The Social Security System (SSS) has announced that members who applied for their Unified Multi-Purpose Identification (UMID) cards between August 2017 to December 2020 have only until December 29, 2023 to pick up their unclaimed cards. After the deadline, the unclaimed cards, including those that the Philippine Postal Corporation (PHLPost) returned to SSS after two…
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SSS taps Landbank and DBP as its fund managers
The Social Security System (SSS) tapped the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) as its new local fund managers to enhance the return on investment (ROI) from its investment portfolio for the next three years. SSS President and Chief Executive Officer Rolando Ledesma Macasaet announced that LBP-Trust…
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SSS partners with Tarlac Province, Municipality of San Jose for coverage of 1,400 job order workers
TARLAC– The Social Security System (SSS) signed Memorandums of Agreement (MOAs) with the Provincial Government of Tarlac and Municipal Government of San Jose, Tarlac to help ensure the social security coverage of their job order (JO)/contract of service (COS) workers. SSS President and CEO Rolando Ledesma Macasaet emphasized the importance of active SSS membership for…
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SSS tops government agencies with the most resolved complaints
The Social Security System (SSS) earned recognition from the Civil Service Commission (CSC) for achieving a 100% complaints resolution rate among government agencies in 2022. SSS President and Chief Executive Officer Rolando Ledesma Macasaet said SSS resolved all the complaints endorsed by CSC’s Contact Center ng Bayan (CSC-CCB) from January to December 2022. “This recognition…
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