With a spike of about 21,000 additional transactions in the first semester of 2017 alone, the Social Security System (SSS) branch in Cubao transferred to a bigger location in Puregold Building along Aurora Boulevard but still saved from rent-free arrangements.
SSC Chairman Amado D. Valdez on Thursday said the pension fund is still studying the possible implementation and effects of a monthly contribution rate increase, contrary to reports that it will implement a contribution adjustment by January 2017.
State-run Social Security System (SSS) welcomed the move of the Legislative-Executive Development Advisory Council (LEDAC) to include the proposal to amend the Social Security Law of 1997 as one of the priority measures for the 17th Congress.
PARAÑAQUE CITY— About 980 members of ten Tricycle Operators and Drivers Associations (TODA) will soon become members of the SSS after being selected by the local government as AlkanSSSya Program beneficiaries.
State-run SSS on Friday recognized top public and private sector partners for their individual roles in ensuring the social security protection of Filipino workers in the country during the 2017 Balikat ng Bayan Awards in celebration of the 60th anniversary of the pension fund.
More than 1,000 job order (JO) and contractual employees of the municipality of Cainta will now be covered with social security protection as the town’s local government unit (LGU) and the SSS officially signed a memorandum of agreement on the KaltaSSS program last Aug 23.
State-run SSS is fully supportive of the “Build, Build, Build” program of President Rodrigo Duterte’s administration, which aims to maintain a 6 to 7 percent economic growth until 2022 through massive infrastructure projects.
More than 250,000 Overseas Filipino Workers (OFWs) residing in the western provinces of Canada may now visit the newly opened Social SSS foreign extension office located at the office of the Philippine Consulate General (PCG) in Calgary to inquire, file, or avail themselves of the services offered by the pension fund.
The SSS will soon cover 1,600 movie and television industry workers after signing a Memorandum of Agreement (MOA) with the Katipunan ng mga Artistang Pilipino sa Pelikula at Telebisyon (KAPPT) or the Actors Guild of the Philippines last Friday.
The SSS said it allotted around P74 million for its calamity loan assistance program (CLAP) for its active members and pensioners in conflict-hit Marawi City in Lanao del Sur and earthquake-stricken Ormoc province in Leyte.
State-run SSS, in partnership with the National Government (NG), has disbursed more than P4.61 billion for its education beneficiaries since it rolled out the Education Assistance Loan Program (EALP) in 2012.
SSS National Capital Region (NCR) East/West Division has launched the Joint Operation for Social Security Enforcement (JOSSE) in partnership with the municipality of Tanay, Rizal to increase coverage, improve collection, and extensively disseminate information about SSS benefits and services.
The SSS has collected more than P5.22 billion in overdue loan payments from member-borrowers who availed of the Loan Restructuring Program (LRP) in the last 12 months, and expects to collect nearly P9 billion more in the next five years.
The SSS on Tuesday lauded the Supreme Court’s (SC) issuance of a “status quo ante order” (SQAO) which temporarily prohibits the National Grid Corporation of the Philippines (NGCP) to expropriate the entire 6.5-ha property of the pension fund in Pasay City.
The SSS collected P8.46 billion from members and employers in Northern part of National Capital Region (NCR) during the first quarter of this year, which is higher by almost 19 percent from the P7.12 collection over the same period last year.
A woman was convicted by the Regional Trial Court (RTC) of Naga for misrepresenting herself as the dependent mother of a deceased member to claim death benefit and by the Municipal Trial Court (MTC) of Naga for pretending to be the legal wife of her common-law husband, to claim funeral and death benefits under the SSS.
As part of the pension fund’s corporate social responsibility, the Social Security System (SSS) extended financial assistance to soldiers and families affected by the ongoing armed conflict in Marawi, Lanao del Sur through the Philippine Red Cross (PRC).
State-run Social Security System’s (SSS) revenue collection from member’s contribution in the first four months of 2017 increased by almost 10 percent to P52.18 billion on the back of strengthened efforts to increase the pension fund’s income.
The SSS, in cooperation with Criminal Investigation and Detection Group (CIDG) of Philippine National Police (PNP), conducted again an "Operation Tokhang" yesterday which led to the arrest of the owner of a security agency for violation of Republic Act 8282 or also known as Social Security Act of 1997.
The Social Security Commission (SSC) on Monday said the National Grid Corporation of the Philippines (NGCP) does not need to expropriate as much as 6.5-ha of land in Pasay City owned by the state-run pension fund to construct its 230kV substation.
More than 60 taxi drivers, thru the assistance of the SSS, filed last Friday criminal complaints with the Quezon City Prosecutor’s Office amounting to about P6.8 million against four transport corporations allegedly run by a single family for deliberate failure to remit SS contributions of their employees.
State-run Social Security System’s disbursements for the first three months of 2017 soared to nearly P45 billion on the back of the bulk of the release of the recently approved P1,000 additional benefit for the pensioners last March.
Following the untoward incident that occurred in Pasay City last week which took the lives of 37 individuals based on latest news reports, the SSS on Monday said victims and family members may file their claims applications in the two help desks set up in the funeral parlors were the victims were brought to.
MANILA — SSS Commissioner Pompee La Viña on Monday slammed the National Grid Corporation of the Philippines (NGCP), a company owned by Henry Sy, Jr., for threatening to expropriate SSS property in Pasay City earmarked for the construction of the SSS Corporate Center of the South, which includes a hospital for SSS members and pensioners.
The SSS said over the weekend that the annual incentive benefits (AIB), disbursed to qualified Overseas Filipino Workers (OFWs) in 2016, jumped by 18.1 percent to P15.5 million from the P13.15 million provided in the previous year.
The Social Security System (SSS) on Friday reminded its members who availed of the Loan Restructuring Program (LRP) and opted for full payment of their loan obligations to settle their dues on or before May 27 at any Bayad Center branch.
The SSS reduced the age for optional and technical retirement of both surface and underground mine workers from the previous retirement age of 55 years old to 50 years old in compliance with Department of Labor and Employment(DOLE) Department Order (DO) No.167 S-2016.
The SSS and the National Grid Corporation of the Philippines (NGCP) met on Tuesday to discuss alternatives in place of the move of the latter to expropriate the 6.5-ha property of the state-run pension fund in Pasay City.
Do not reply to persons allegedly soliciting personal information on behalf of SSS. In case you will receive requests of this nature, please report immediately to SSS Call Center at 920-6446 to 55 (toll free no. 1-800-10-2255-777)
The branch expansion of the SSS continues under the new administration as it opened and upgraded 18 branches in just five months under the management of President and Chief Executive Officer Emmanuel F. Dooc.
The SSS started today a countdown to its 60th anniversary celebration, with a simultaneous nationwide conduct of Pensioners’ Day as a show of appreciation in helping build a better SSS during their working life.
The Social Security System (SSS) had caused the arrest of a doctor and a school owner today on its third “Operation Tokhang” led by the Criminal Investigation and Detection Group (CIDG) of the Philippine National Police for violation of Republic Act 8282 otherwise known as Social Security Act of 1997.
With the loan penalty condonation deadline on April 27, the SSS is encouraging all members with short-term loan delinquencies to avail of the Loan Restructuring Program (LRP) which offers affordable payment terms and conditional condonation of loan penalties.
The Social Security System has expressed its support for the holistic and timely passage of the tax reform proposal of the Department of Finance (DOF) which mainly aims for a simpler, fairer and more efficient tax system in the country that will benefit largely the poor and middle-income earners.
The SSC recently met with the 22 foreign representatives who man the SSS offices abroad. Led by Senior Vice President (SVP) Judy Frances A. See of the Account Management and International Operations Groups (AMG & IOG), the courtesy call was held at the 12/F Green Room of the SSS Main Office during the SSC meeting on April 5, 2017. The SSS foreign reps were in the country to attend the five-day annual strategic meeting of the IOG.
The SSS Makati-Guadalupe branch and Barangay Pembo in Makati City formally sealed their joint commitment in providing social security protection to their 15 job order personnel by signing a memorandum of agreement for KaltaSSS- Collect Program last March 14, 2017.
The SSS has urged the banking community to explore and establish its electronic banking (e-banking) facilities in the armed-conflict region of Mindanao to further develop the economic opportunities that lies in the bountiful Land of Promise.
SSS President and Chief Executive Officer Emmanuel F. Dooc clarified that the P6.2 billion released last March for the additional P1,000 benefit of pensioners came from the investment income and present member contributions of the pension fund and not from the subsidy of the national government.
The SSS formally opened its full-service branch at the first and second floor of North Star Mall in Alibagu, Ilagan City last March 17, 2017. SSS Ilagan branch caters to nearly 2,000 registered employers and more than 17,000 members and pensioners in over 295 barangays.
The Regional Trial Court of Virac penalized five business owners for non-registration, non-reporting of employees and non-remittance of SSS contributions in violation of the Republic Act 8282 or the Social Security Act of 1997.
The state-run Social Security System said it is asking the help of lawmakers to implement the mandatory coverage of Overseas Filipino Workers (OFWs) following its goal to expand its members’ coverage while providing security protection for the country’s new heroes.
Happy pensioners of the SSS trooped to various banks yesterday and withdrew from their respective accounts the P1,000 additional benefit for the month of January 2017 following the approval of the authority to release the said amount by President Rodrigo Duterte last Feb 22.
The state-run SSS on Thursday said it has already released some P2 billion to its pensioners for the month of January 2017 as part of the recently approved P1,000 additional benefit for its pensioners.
State-run Social Security System on Wednesday said that about P7 billion worth of pension will be released to about 2.2 million pensioners starting on the first week of March after President Rodrigo Duterte signed and confirmed the P1,000 additional benefit last Jan 10.
“You can run, but you cannot hide,” Chairman Dean Amado Valdez of the SSS said before the Rotary Club of Makati West as he released the list of the first batch of delinquent employers with convictions based on decision of various Regional Trial Courts.
Social Security System Chair Dean Amado Valdez called on Congress to prioritize passing laws that will enable the pension fund to invest in Public-Private Partnerships in line with its new thrust to use its members’ pooled fund as capital for infrastructure.
To show that the SSS cares for its members and pensioners, the pension fund distributed relief goods to 1,000 families from four barangays in Bicol- Magurang, Alnay, Basud and Gabon- which were affected by typhoon Nina last February 11, 2017.
In line with the thrust of President Rodrigo R. Duterte for an improved, transparent and participatory governance, the SSS is set to create its own integrity circles led by Social Security Commission (SSC) Chairman Dean Amado D. Valdez.
The owner of a publishing company is now in jail for non-payment and non-remittance of employees’ social security and Employees' Compensation contributions to the SSS after the agency started an intensified campaign with the PNP to run after delinquent employers for violation of the Social Security Act of 1997.
“With proposed innovations in investments, the SSS is shaping a new developmental ideology to give the working class an opportunity to be the richest in the country through their pooled savings in the pension fund,” said SSC Chairman Dean Amado Valdez.
The SSS acknowledged with deep appreciation the approval of House Bill 2158 by the House of Representatives. HB 2158 aims to rationalize and expand the powers and duties of the Social Security Commission (SSC).
The SSS has declared its support for President Rodrigo Duterte’s decision to approve an across-the-board pension increase of P2,000 that would benefit the agency’s over two million pensioners, with the initial P1,000 increase effective this month and another P1,000 in 2022 or earlier.
To help fund the proposed pension hike, the SSS will intensify its collection efforts and improve its collection efficiency by going after non-complying employers, this was disclosed by SSC Chairman Dean Amado Valdez, recently.
The Regional Trial Court of Iriga has convicted the president of a private school in Nabua, Camarines Sur for refusing to fully settle the institution’s delinquent payments with the SSS, particularly its monthly penalties amounting to nearly P300,000.
The SSS has formally sealed its partnership with CitySavings Bank by signing a memorandum of agreement for Sickness, Maternity and Employees’ Compensation Payment thru-the-Bank Program (SMEC-PB) last December 15 at the Executive Lounge of SSS Main Office in Diliman, Quezon City. Established in 1965, CitySavings Bank is a Unionbank subsidiary which mainly targets the working class particularly private sector employees and civil servants.
The Social Security Commission (SSC) instructed the SSS management to consider implementing flexible working hours for its employees to ensure faster and more efficient service delivery as well as to help ease traffic problems in the metro.
The SSS welcomes the idea of raising the SSS contribution rate - a measure endorsed by the country’s economic managers – but stressed that its impact on contributing SSS members and employers should be minimized.
SSS expects the signing of the joint resolution from the House of Representatives and the Senate on the proposed pension increase before the Christmas break to pave the way for the release of the initial P1,000 benefit at the start of 2017.
Employers who disregard their obligations with the SSS can expect criminal and civil legal actions against them following the directive from the new SSS management to intensify the agency’s enforcement of their compliance with the law.
All five members of the Board of Directors of Yamaha School of Music Philippines, Inc. (Yamaha) were convicted by Makati Regional Trial Court for failure to remit SSS contributions of its employees in violation of Republic Act 8282, also known as Social Security Act of 1997.
The SSS has laid out four milestones that would shape the reforms in the institution including increasing pension levels, enhancing its fund life, improving service delivery, and using the pension fund as a tool for economic activity.
Social Security Commission (SSC) Chairman Dean Amado D. Valdez led the oath-taking of Jose Gabriel M. La Viña as the newest member of the SSC, the highest policy-making body of the SSS, at the Investments Sector Conference Room of the SSS main office in Quezon City on November 25.
Active law practitioner and retired Labor Arbiter Atty. Arthur L. Amansec was recently appointed as the newest member of the Social Security Commission (SSC), the governing board of the Social Security System (SSS).
SSS received its second Certificate of Recognition from the Government Quality Management Committee (GQMC) for the pension fund’s successful efforts to adhere to international quality standards, particularly with the ISO 9001:2008 requirements.
The SSS delegation, led by Chairman Amado D. Valdez, presented the agency’s proposal to grant the P2,000 across-the-board pension (ATBP) increase during the hearing of the House Committee on Government Enterprises and Privatization last November 15.
SSS is pushing for changes in its charter, which was enacted nearly two decades ago, that would provide the pension fund greater investment flexibility to bolster its generation of needed revenues for granting higher benefits for members.
Newly-appointed Commissioner of the Social Security Commission (SSC) Mr. Michael G. Regino is an economist by discipline with more than 30 years of successful corporate experience in various industries such as mining, real estate, and construction.
SSS is looking at investing in infrastructure as a source of additional revenue that will enable the fund to grant higher pensions and benefits for its growing membership and beneficiaries, citing that this is the start of an "economic revolution."
Noted lawyer Amado D. Valdez, the former Dean of the University of the East (UE) College of Law and a known constitutionalist, has been appointed Chairman of the Social Security Commission (SSC), the governing board of the Social Security System (SSS).
A dermatology clinic owner was convicted by the Regional Trial Court of Quezon City for failure to remit nearly P2 million in Social Security System (SSS) monthly contributions of his employees in direct violation of Republic Act 8282 or otherwise known as Social Security Act of 1997.
Nearly two-thirds of investors in the Social SSS voluntary provident fund created for local members are young adults of up to age 35, based on enrollment data of the SSS Personal Equity and Savings Option (PESO) Fund as of end of September 2016.
Filipino workers employed in Denmark will be entitled to social security benefits under the same conditions applicable to Danish nationals under the bilateral agreement signed by the two countries, according to the SSS which led the negotiations for the Philippines.
The SSS relocated its Cubao branch, which handles an average of over 21,300 transactions daily, to a bigger and more convenient location at the 2nd floor of the Puregold Building along Aurora Boulevard at Araneta Center in Quezon City.
More than 265,000 borrowers of SSS short-term loans have benefited from affordable payment terms and conditional condonation of loan penalties under the ongoing SSS Loan Restructuring Program (LRP) within just five months since its launch.
In celebration of the Elderly Filipino Week, the SSS participated in a special forum hosted by the Department of Social Welfare and Development (DSWD), National Anti-Poverty Commission (NAPC) and Coalition of Services for the Elderly (COSE) on October 7 at the SM North Skydome in Quezon City.
The SSS accorded a special citation for the Department of the Interior and Local Government (DILG) for its solid commitment to provide social protection to nearly 75,000 job order (JO) and contractual workers at the Balikat ng Bayan Awards held during the SSS 59th anniversary program at the Ramon Magsaysay Hall of the SSS main office in Diliman, Quezon City.
An owner of a catering service was convicted by the Regional Trial Court of Quezon City for failure to remit the monthly contributions of its employees to the SSS in violation of Republic Act 8282 or Social Security Act of 1997.
The SSS bestowed a special citation on Baganga Integrated Social Action Group (BISAG) for its solid support for SSS in bringing social security protection closer to informal sector groups at the Balikat ng Bayan Awards during the SSS 59th anniversary program at the Ramon Magsaysay Hall of the SSS main office in Diliman, Quezon City on September 2.
The SSS conferred the Balikat ng Bayan Top Employer Award under the medium accounts category on Sannovex Pharmaceutical Distributor, an importer and supplier of generic drugs based in Mandaluyong City, during the pension fund’s 59th anniversary program held at the Ramon Magsaysay Hall of the SSS main office in Diliman, Quezon City on September 2.
The SSS announces that September 24 is the last Saturday for members to file their applications for Loan Restructuring Program (LRP) with condonation features at the 112 local branches and 14 foreign representative offices. The SSS offices are open from 8am to 5pm.
The SSS conferred a special citation on the Center for Agriculture and Rural Development (CARD) Inc. for its exemplary performance as a collecting and servicing partner agent of SSS at the Balikat ng Bayan Awards during the SSS 59th anniversary program at the Ramon Magsaysay Hall of the SSS main office in Diliman, Quezon City on September 2.
The SSS presented its position during the deliberations of the House Committee on Government Enterprises and Privatization (CGEP) for the P2,000 pension increase and the rationalization of the powers, duties and accountabilities of the Social Security Commission (SSC) during its meeting on September 7, reiterating its position that increase in SSS pensions is possible as long there is a sustainable source of funding.
The SSS called on its members to take advantage of the extended business hours of over a hundred SSS branches nationwide that would remain open on all Saturdays of September in line with the pension fund’s 59th anniversary celebration.
The SSS announces that 112 local offices and 14 foreign representative offices are open on all Saturdays of September, 8:00AM to 5:00PM, to accept Loan Restructuring Program (LRP) applications for members who have past due loans.
Labor Secretary Silvestre H. Bello III and Finance Secretary Carlos G. Dominguez III chat with SSS President and Chief Executive Officer Emilio S. de Quiros, Jr. and Social Security Commission (SSC) Chairman Juan B. Santos before the start of the 59th SSS anniversary program at the Ramon Magsaysay Hall of the SSS main office in Quezon City on September 2.
The SSS opened its photo exhibit featuring highlights on SSS financial performance, programs and achievements to commemorate the 59th SSS anniversary of the pension fund, which kicked off its month-long celebration on September 1 with the theme “SSS @ 59: Kaagapay at Kabalikat sa Pagbabago.”
Finance Secretary Carlos G. Dominguez III encouraged the SSS to intensify its campaign to inform members and the rest of the public on the value of SSS coverage as well as the various aspects of the pension fund’s operations.
The SSS has recognized a total of 22 private and public sector partners for their invaluable roles in promoting the social protection of Filipino workers in the Philippines and overseas during the 2016 Balikat ng Bayan Awards held on September 2 as part of the 59th SSS anniversary celebration.
As part of its 59th Anniversary celebration, the SSS shall open 109 branches on all Saturdays of September to accept Loan Restructuring Program applications from 8:00 am to 5:00 pm starting on September 3.
The SSS has issued more than 300,000 membership numbers thru its website in just nine months after launching the online service in September last year, as current and future workers take advantage of the faster and more convenient way to get their social security (SS) number.
The SSS released a total of P7.21 billion in pension adjustments to over 154,000 qualified retirees in June this year, after the agency completed its special project on the manual verification and reposting of members’ contributions for the period 1985 to 1989.
The Regional Trial Court (RTC) of Olongapo City has convicted the president of a fishing rod manufacturer for failure to comply with the company’s legal obligation to pay over P1.6 million in employees' contributions to the SSS.
The SSS has accredited the Center for Agriculture and Rural Development Inc. (CARD Inc.) as one of its collecting partner agents (CPA) as part of its serious efforts to create new channels for SSS payments and to promote active SSS membership in the informal sector.
The Regional Trial Court (RTC) of Dagupan City has sentenced a woman to eight to ten years in jail after she was found guilty of defrauding the Social Security System (SSS) using faked public documents as evidence for her aunt’s alleged death, which she used in applying for the SSS funeral benefit.
SSS members with overdue accounts for previous SSS loans used for investing in equities are urged to take advantage of recent stock market gains to settle their past due debt obligations through the SSS Option to Sell Shares of Stocks Program.
More than 45,000 members of the SSS have benefited from the pension fund’s partnerships with two major banks for the electronic release of salary loans through cash cards issued to borrowers, instead of the usual loan checks sent through mail.
The SSS has intensified its campaign to extend social protection to informal sector workers, particularly through its partnership initiatives such as the AlkanSSSya Program which has registered over 120,000 members and collected over P300 million in contributions to date.
The Makati Regional Trial Court (RTC) has convicted the president of an information technology (IT) services firm for its failure to remit SSS contributions of its employees in direct violation of Republic Act 8282, which is also known as the Social Security Act of 1997.
The SSS is in talks with the PhilHealth regarding a “portal-sharing” agreement that will allow it to access the PhilHealth database for payment information on members who undergo hemodialysis for work-related conditions following the Employees’ Compensation Commission (ECC) board resolution on the medical procedure issued this year.
The SSS collected a total of P1.12 billion in contributions from members and employers in Makati City during the first quarter of this year, surpassing the P964.85 million collected over the same period last year in the country’s business and financial center by 16 percent.
The SSS and Novaliches Development Cooperative (NOVADECI) formally signed their joint commitment in establishing new channels for SSS payments and expanding the social protection of workers through a memorandum of agreement (MOA) under the SSS Partner Agent Accreditation Program.
The SSS has scored a court conviction against the president of an advertising agency for the company's failure to comply with its obligation to remit employees' contributions of nearly P3 million, including penalties, over a period of ten years.
The SSS released a total of P7.93 billion in salary loans for more than 385,000 members during the first quarter, higher by 19 percent than the P6.69 billion disbursed to some 354,000 borrowers for the same period last year.
The SSS inaugurated its relocated Manila office which is now situated at the second floor Zen Towers along Natividad Street in Ermita Manila. Formally opened in June 3, SSS Manila serves more than 7,400 employers and about 84,000 members from 104 barangays.
The SSS inaugurated its relocated Valenzuela-Dalandanan office which is now situated at the second floor of the Puregold Compound along McArthur Highway in Dalandanan, Valenzuela City. Formerly in Karuhatan area, SSS Valenzuela-Dalandanan caters to more than 2,800 employers and about 28,000 members from 23 barangays.
The SSS formally opened on May 23 its new Biñan branch, which was relocated from its previous site in Olivarez Plaza to a larger location in Central Mall Biñan to provide better services to about 10,000 employers, 70,000 employees and 21,000 self-employed and voluntary members.
The SSS disbursed a total of P13.15 million in annual incentive benefits (AIB) to more than 40,000 qualified overseas Filipino workers (OFWs) enrolled in the SSS Flexi-fund Program, which is a provident fund created to encourage OFW-members to save up in order to supplement their retirement benefits under the regular SSS program.
The SSS is advising its members that the Taipei Economic and Cultural Office (TECO) in the Philippines will continue to accept the SSS Certification of UMID Card Issuance until August 24, 2016 for members outside Metro Manila, while members in Metro Manila who are applying for Taiwan working visa are advised to file their UMID applications at the SSS office in the Philippine Overseas Employment Agency (POEA) in Mandaluyong City.
Shortly after announcing the launch of its Loan Restructuring Program (LRP) on April 28, the SSS has received 20,953 LRP applications from calamity-stricken borrowers all over the country who want to settle their overdue short-term SSS loans, preserve the value of their future benefits, and regain their good SSS standing.
The Philippine Stock Exchange, Inc. (PSE) and the SSS signed a Memorandum of Agreement (MOA) to undertake cooperation initiatives in the areas of market education and Small, Medium, Emerging (SME) Board promotion.
The Quezon City RTC has sentenced an SSS claimant to imprisonment of about seven years and eight months up to ten years and nine months for attempting to defraud SSS of disability benefits for pulmonary tuberculosis using spurious documents.
The SSS forged a memorandum of agreement with Enterprise Bank (A Thrift Bank) as its new partner in providing housing and business loans to members and employers during ceremonies held at the Executive Lounge at the SSS Main Building in Diliman, Quezon City on April 22.
The SSS in collaboration with the Philippine Information Agency (PIA), has recently launched UsapangSSS.ph, the official microsite which aimed to reach out to members by responding to their queries and facilitating online discussions on SSS programs and services.
The SSS attained a full-year investment income of P28.65 billion last year while its return on investments (ROI) reached 6.9 percent, outpacing key market indicators such as the 10-year Treasury bond and 364-day T-bill rates which averaged 4.0 percent and 2.1 percent, respectively.
Top officials from the SSS and 25 partner banks participated in the signing of the memorandum of agreement (MOA) for the expanded coverage of the Sickness, Maternity and Employees' Compensation Payment thru the Bank (SMEC-PB) Program during ceremonies held at the Ramon Magsaysay Hall of the SSS main office in Diliman, Quezon City on April 19.
The SSS has launched the Loan Restructuring Program (LRP) for members with past due calamity loans and other short-term member loans who reside or work in calamity areas as declared by the National Disaster Risk Reduction and Management Council (NDRRMC) or the national government. The one-year availment period starts today, April 28.
The Lucena City Regional Trial Court (RTC) convicted the owner of a book binding business in Lucena City for failing to keep true and accurate work records of new and separated employees as required by the SSS, which is a direct violation of the SSS charter.
The Quezon City Regional Trial Court ordered the imprisonment of a security agency owner of up to 20 years for non-remittance of the SSS contributions of employees for over six years amounting to more than P675,000, including accrued penalties.
The SSS has collected nearly P650,000 in contributions and loan payments of self-employed and voluntary members through the Globe GCash facility by the end of the first quarter this year. The SSS mobile payment scheme was officially rolled out in December 2015.
The SSS is advising its members applying for Taiwan working visas to apply for the Unified Multipurpose Identification System (UMID) cards directly at the SSS office in the Philippine Overseas Employment Agency (POEA) for faster processing of their UMID cards.
The SSS recently held its first Stakeholders' Forum last March 16 at the Sutuwaki Restaurant along Imelda Avenue in Ormoc City. The event was attended by 180 participants who are mostly employer representatives from different barangays and municipalities within and near Ormoc City.
Social Security System (SSS) President and Chief Executive Officer Emlio S. de Quiros, Jr. presented updates on SSS financial status and operations before an audience of about 300 human resource managers during the "Dialogue with SSS Officials" sponsored by PMAP at Marriott Hotel, Pasay City.
TAGUM CITY, Davao del Norte --- The SSS disbursed a total of P1.42 billion for SSS salary loans of members from Southern Mindanao last year, which was 15 percent higher than the P1.23 billion released in the region in 2014.
TAGUM CITY, Davao del Norte --- The SSS surpassed the P6-billion milestone for both contribution collections and benefit payments in Southern Mindanao in 2015 on the back of double-digit increases resulting from the agency’s initiatives to expand its reach in the region.
ORMOC, Leyte - The SSS collected P12.51 billion in contributions from employers and members in the Visayas last year, which was higher by 14 percent from the P10.99 billion total for the same area in 2014.
The SSS total website transactions increased from 3.64 million by end-2014 to 5.55 million by end-2015, reflecting a growth of 53 percent driven by the rising number of members and employers using the online facility as a faster and easier means of transacting with the pension fund.
In line with its continuing campaign to foster closer ties with stakeholders across the country, the Social Security System (SSS) conducted the SSS Stakeholders Forum attended by a total of 148 employer and worker representatives from Bulacan at the St. Agatha Resort on February 15.
MALOLOS, Bulacan --- More than 287,000 members of the SSS in Luzon availed themselves of SSS salary loans from January to November 2015, with total loan disbursements reaching P4.94 billion during the 11-month period.
MALOLOS, Bulacan --- The SSS has attained double-digit growths in total benefit releases and contribution collections in Luzon, with both reflecting an increase of 11 percent for the first 11 months of 2015.
The SSS shared the highlights of its 58-year experience in pension fund management, grant of various benefits and calamity assistance during the SSS Study Tour for officials of the Bangladesh Ministry of Disaster Management and Relief (MDMR) at the SSS Main Office in Diliman, Quezon City on January 5.
The SSS and DOLE formalized their joint commitment to intensify employer compliance and impose penalties on violators of labor and social security policies through a memorandum of agreement (MOA) on information sharing that covers SSS-related issues affecting workers employment.
The SSS has lauded Malacañang's support for preserving the pension fund's long-term sustainability, following President Benigno S. Aquino III's decision to veto House Bill 5842 which seeks an across-the-board SSS pension increase of P2,000.
SSS members can now pay their contributions and monthly amortizations for salary and real estate loans using Globe GCash, a virtual wallet service offered by Globe Telecom that enables users to carry out financial transactions using their mobile phones.
Members of the SSS from areas devastated by Typhoon "Nona" can avail of a calamity relief package that includes early renewal of salary loans, advance disbursement of pensions and preferential terms for house repair and improvement loans starting on January 4, 2016.
In time for the Christmas season, the SSS has earmarked a total of P6.34 billion for the 13th month pensions of over two million SSS pensioners for retirement, disability and death which is scheduled for release to the pensioners' bank accounts and via mail this December.
SSS members who are seeking employment in Taiwan can now present either the SSS 2D Barcode ID Card or the SSS Certification of Unified Multi-Purpose ID (UMID) Card Processing until January 2016 to comply with the requirements for a Taiwanese working visa, pending the release of their UMID cards.
The SSS recently conducted the pre-bid conference for the 25-year lease of two SSS properties in Pasay City, particularly the HK Sun Plaza and a vacant lot, both located at the Financial Center Area along Roxas Boulevard and Macapagal Avenue
With support from the Quezon City government, the SSS brought into the AlkanSSSya Program four tricycle operators and drivers associations (TODA) covered by SSS Diliman Branch, namely Agham TODA, Balara Filters TODA, Kamuning TODA and Quezon City Ville -Arboretum TODA.
Over 330 pensioners of the SSS gathered at the Hospicio de San Jose Auditorium in Manila during the SSS Pensioners' Day jointly organized by the SSS Recto, Legarda and Sta. Mesa branches on November 12
The SSS collected P98.26 billion in contributions over the first three quarters of this year, higher by 10 percent from the P89.03 billion total for the same period in 2014, with the pension fund achieving growths in all four major segments of SSS membership.
Over 114 registered and 305 potential members under four informal sector groups (ISGs) covered by the SSS Batasan Hills Branch - including golf caddies from the Capitol Hills Golf and Country Club, tricycle drivers and operators from Old Balara Capitol Hills and Villa Beatriz, and job order and contractual workers from the Barangay Bagong Silangan local government unit - are among the beneficiaries of the 2nd Grand Launching of the AlkanSSSya Program on October 9 at the Quezon City Memorial Circle Basketball Court.
The SSS received a Certificate of Merit with Special Mention from the Jury from the International Social Security Association (ISSA), which has over 330 organizations from more than 160 countries under its membership, in recognition of various SSS initiatives to promote inclusive growth during the ISSA Good Practice Awards for Asia and the Pacific 2015 held in Muscat, Oman on November 2.
The SSS has earned an international citation from the world’s leading association of social security institutions for the various SSS programs launched in recent years to promote inclusive growth by targeting informal sector (IS)
workers and hard-to-reach rural areas of the country.
The SSS, in collaboration with the Quezon City Government Office of the Vice Mayor, spearheaded the 2nd Grand Launching of AlkanSSSya Program held at the Quezon City Memorial Circle Basketball Court last October 9.
Top officials of the SSS and Union Bank of the Philippines (UnionBank) spearheaded the formal launch of the SSS-UnionBank Quick Card, a new service that gives SSS salary loan borrowers a fast and convenient option for accessing their loan proceeds in as little as three days, during ceremonies and demonstrations held at the SSS main office in Diliman, Quezon City on October 27.
Six informal sector groups (ISGs) covered by the Social Security System’s Cubao Branch with a combined membership of nearly 200 workers received their own AlkanSSSya units during the 2nd Grand Launching of AlkanSSSya Program on October 9 at the Quezon City Memorial Circle Basketball Court.
The SSS has launched the SSS-UnionBank Quick Card as the agency’s newest addition to its growing number of electronic facilities to enable members to receive their salary loan proceeds in as little as three days upon loan approval.
Workers who need to apply for their own SSS membership number, a mandatory requirement of private sector companies and household employers, can now do it electronically through the SSS website instead of lining up at SSS branches.
The Social Security Commission, the policy-making body of the SSS has approved the grant of a calamity relief package for SSS members and pensioners affected by Typhoon Lando for calamity areas declared by the National Disaster Risk Reduction and Management Council (NDRRMC).
The Social Security System (SSS) gave 30 more days to the five-day prescriptive period for filing sickness notifications of overseas Filipino workers (OFWs) for their illnesses not requiring hospitalization, in consideration of their limited time and accessibility to SSS offices while abroad.
The Social Security System (SSS) held a special meeting with officials and members of the Nagkaisa Labor Coalition at the Executive Lounge of the SSS main office along East Avenue in Diliman, Quezon City on October 8.
The SSS has over 200 acquired properties such as houses and residential lots available for sale at flexible terms at the Housing Fair scheduled on October 16 to 18 at the SM Megatrade Hall 1, 5th Floor of SM Megamall Building B in Mandaluyong City.
The SSS awarded the Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) as this year’s national winner of the small/medium Top Employer category during the SSS Balikat ng Bayan Awards held at the Ramon Magsaysay Hall of the SSS main office in Diliman, Quezon City on September 18.
The SSS named the PNB as one of this year’s recipients of the SSS Balikat ng Bayan Special Citation as an SSS paying commercial bank during the awarding ceremonies held last September 18 at the Ramon Magsaysay Hall of the SSS main office in Diliman, Quezon City.
The SSS gave the International Labour Organization (ILO) the SSS Balikat ng Bayan Special Citation in recognition of the ILO’s efforts to provide social protection for thousands of workers in areas devastated by typhoons Yolanda (Haiyan) and Ruby (Hagupit) through subsidies for SSS contributions and opportunities for emergency employment.
The SSS conferred the SSS Balikat ng Bayan Special Citation on SEDP-Simbag sa Pag-Asenso, Inc., a development-oriented association run by the Diocese of Legazpi, for its solid support for SSS initiatives to advance the welfare of self-employed and informal sector workers through its role as an accredited SSS servicing and collecting partner agent.
The SSS has generated an income of P274.5 million during the first six months this year from the lease and sale of SSS-owned real estate properties such as residential and commercial lots, condominium units, buildings and parking lots, with year-end earnings seen to surpass P1.2 billion.
The Quezon City Regional Trial Court has sentenced a claimant attempting to obtain Social Security System (SSS) disability benefits for pulmonary tuberculosis using spurious medical documents to an imprisonment of over four years on top of paying a P5,000 fine.
Benefit disbursements for SSS members in this city and the rest of Northern Mindanao reached P1.98 billion for the first six months of 2015, reflecting an increase of 14 percent from the P1.73 billion released for the same period last year.
The SSS has recognized a total of 16 organizations as this year’s recipients of SSS Balikat ng Bayan Awards for their significant contributions in providing social protection to Filipino workers and helping the SSS expand the reach of its services in the Philippines and overseas.
Social Security System (SSS) President and CEO Emilio S. de Quiros, Jr. was one of the awardees of the CEO Excel Awards for 2015, given by the International Association of Business Communicators (IABC) Philippines in ceremonies held on September 14, 2015 at Grand Ballroom of InterContinental Hotel Manila, Ayala Avenue, Makati City.
A total of 300 pensioners of the SSS participated in the SSS Pensioners’ Day hosted by the SSS Commonwealth and Batasan branches held at the Activity Center of the Robinsons Nova Market mall in Novaliches, Quezon City on August 28.
The SSS has partnered with the Department of Transportation and Communication (DOTC), Lung Center of the Philippines (LCP) and the Presidential Commission for the Urban Poor (PCUP) for the SSS coverage of job order and contractual personnel from the said government offices.
The SSS earned a "Very Good" net sincerity rating of +57 for its efforts to fight corruption, placing second overall among government institutions based on the latest results of a periodic survey of business executives from hundreds of enterprises across the country.
SSS President and Chief Executive Officer Emilio S. de Quiros, Jr. shared the highlights of SSS accomplishments for the last five years during the 11th Employers Confederation of the Philippines (ECOP) Members' General Meeting, which was held last August 13 at the Henry Sy, Sr. Auditorium of the St. Luke's Medical Center Global City in Taguig.
From September 1, 2015 until September 30, 2015 at the 2/f SSS Gallery, SSS Main Building, East Avenue, Diliman, Q.C. With participating artists: Josemari Alambro, Cee Cadid, Rene Canlas, Jerome Francisco, Oying Madrilejos, Roland Rosacay, Danny Santelises and Danny Sola.
A total of 87 job order and contractual workers of the Presidential Commission for the Urban Poor (PCUP) will soon have social security coverage after the Social Security System (SSS) inked an agreement with PCUP during ceremonies held at the DHC Building in Project 7, Quezon City on August 17.
Even with the nationwide rollout still a few weeks away, the Social Security System’s (SSS) new retirement savings program for local workers has already drawn over 100 enrollees, with total investments now past the P1-million mark since its limited launch in 10 SSS branches in Metro Manila last May 2015.
As part of its coverage and collection efforts, the SSS led by SSS President and Chief Executive Officer Emilio S. de Quiros, Jr. recently visited Rome, Italy and other countries in Europe to encourage OFWs in the continent to register as SSS members so that they can enjoy social security benefits upon their retirement in the Philippines.
SSS officials led by President and Chief Executive Officer Emilio S. de Quiros, Jr. visited the cities of Moscow, Rome, Milan, Luxembourg and Paris from May 9 to 19, 2015 as part of its coverage drive to reach out to Overseas Filipino Workers (OFWs) and meet with the Filipino Communities in Europe to brief them on the importance of various SSS programs and services.
(SSS President and Chief Executive Officer Emilio S. de Quiros Jr. headed the turnover of donations to charitable institutions for the sick, the poor, the elderly, and children with special needs during ceremonies held at the SSS Gallery at the SSS main office in Diliman, Quezon City on July 28.
SSS President and Chief Executive Officer Emilio de Quiros, Jr. shared key updates in the agency’s campaign to boost members’ accessibility to SSS services during the SSS Stakeholders’ Forum held at the Ciriaco Hotel and Resort at Calbayog City, Samar on July 14.
It was a day of fun and laughter for the pensioners of the Social Security System (SSS) in San Mateo, Rizal when the annual Pensioner's Day was held at Max's Garden Restaurant, Gen. Luna St., Ampid I, San Mateo, Rizal on June 26, 2015.
Calbayog City, Samar – The Social Security System (SSS) paid out to members in Central Visayas P2.04 billion in benefits for the first four months of 2015, posting a double-digit growth from the same period last year.
Social Security System (SSS) offices in the Western Visayas region have extended their resources to remote communities to enable residents in these areas to have easier access to social security services, including registering as members and updating their membership.
Top Social Security System (SSS) officials led by SSS President and Chief Executive Officer Emilio S. de Quiros Jr. recently met with 125 employers and members during a Stakeholders’ Forum in Kalibo, Aklan.
The Social Security System (SSS) opened its third branch in Muntinlupa City at Estrellita Bldg., Tierra Nueva Commercial Complex, Alabang-Zapote Road, Alabang, Muntinlupa City. Formally inaugurated on June 19, 2015, SSS Alabang-Zapaote Branch serves around 40,000 employees and 5,000 employers in the areas of Ayala Alabang, Cupang, Sucat and Almanza-Uno.
SSS formally opened a new branch in Tanay, Rizal on June 10, 2015. Located at Km. 54, Manila East Road, Barangay Tandang Kutyo, Tanay Rizal, SSS-Tanay Branch will serve members from seven municipalities of Rizal namely; Tanay, Morong, Cardona, Teresa, Pililia, Baras and Jala-Jala.
The SSS saw an increase in benefit payments and improved actuarial position after structural reforms were taken in January last year said SSS President and CEO Emilio S. de Quiros Jr., adding that the state-agency has so far paid P139.2 billion in total benefits since January 2014 or 52 percent higher than 2013 record.
More than 20,000 workers in Boracay Island will soon enjoy social protection benefits from the Memorandum of Agreement (MOA) signed by the SSS, DOLE, PhilHealth, Pag-Ibig, and the Local Government of Malay, Aklan.
The SSS Iloilo Central Branch recently signed a memorandum of agreement with the Civil Aviation Authority of the Philippines (CAAP) – Area VI for the coverage of their 100 job order (JO) and contractual employees under the SSS AlkanSSSya Program.
Twelve government agencies, including the SSS, gathered on April 14 at the JV del Rosario Hall of the AIM Conference Center in Makati City for the signing ceremonies and formal launching of reforms under the National Competitiveness Council (NCC)’s Gameplan 3.0 synergizing government processes related to easing the conduct of business in the Philippines.
The SSS is now accepting membership applications for the Personal Equity and Savings Option (PESO) Fund in 10 of the following pilot SSS branches in the National Capital Region: Legarda, Diliman, Cubao, San Francisco Del Monte, Pasig-Shaw, Mandaluyong, Taguig, Makati-Gil Puyat, Alabang and Pasay-Roxas Boulevard.
SSS President and Chief Executive Officer Emilio de Quiros, Jr. and Quezon City Vice Mayor Joy Belmonte led the mass launching of the AlkanSSSya Program in Quezon City on March 10 at the Quezon City Hall covered walkway.
The Social Security System recently launched the AlkanSSSya Program to 40 tricycle-operators-drivers associations (TODA), seven market vendor associations, one barangay unit, and one pedicab-operators-drivers association (PODA) with initial registration of 1,736 members in Quezon City.
The SSS through its Molo branch and the local government of Oton in Iloilo inked a pact for the benefit of some 80 job order and contractual employees, who are now covered as self-employed members under the e-AlkanSSSya program.
A total of 37,612 qualified OFWs with active accounts under the Social Security System’s Flexi-fund Program received 75 percent higher additional income on their savings, driven by increased investment earnings.
Social security coverage of more than 5,000 job order and contractual employees of the MMDA and the Manila International Airport Authority will now be ensured after the SSS forged partnerships with the two government agencies.
SSS President and Chief Executive Officer Emilio de Quiros, Jr. and Quezon City Vice Mayor Joy Belmonte led the mass launching of the AlkanSSSya Program in Quezon City on March 10 at the Quezon City Hall covered walkway.
SSS President and Chief Executive Officer Emilio de Quiros, Jr. and Quezon City Vice Mayor Joy Belmonte led the mass launching of the AlkanSSSya Program in Quezon City on March 10 at the Quezon City Hall covered walkway.
The SSS is now accepting enrollment applications for the Personal Equity and Savings Option (SSS-PESO) Fund program, a provident-fund scheme that aims to increase savings among SSS members, particularly for building their retirement fund.
Ang manual verification ng mahigit 89 milyong contribution records mula 1985-1989 ay patuloy na isnisagawa ng naatasang SSS Special Team upang mai-post sa records ninyo, may isinumite man kyong request o wala.
The SSS warned all delinquent member-employers to strictly comply with Republic Act 8282 or the Social Security Act of 1997 by religiously paying the contributions and salary loan payments of their employees and remit them to SSS.
A total of 142 indigent individuals of Barangay Titik, 47 kilometers from the town of Sindangan, Zamboanga del Norte are now covered as self-employed members under the Expanded Self-Employed Program of the SSS.
The Social Security System announces that SSS Unified Multi-Purpose ID (UMID) card will be delivered to its member’s mailing address approximately two weeks from the date of card release for NCR residents and four weeks for areas outside NCR.
The Philippines today unveiled reforms simplifying the process of starting a business to 6 steps and 8 days, down from the existing set-up requiring 16 steps and 34 days. The government also announced e-government initiatives for accessible and convenient online transactions for payroll-related payments to Philhealth and Pag-IBIG, reducing the number of payments from 36 to 13 per year.
Around 7,600 members of the SSS) in Cagayan de Oro City now have easier and more convenient access to SSS services with the opening of the new SSS Lapasan office, the 30th full-service SSS branch in Mindanao.
Some 73 jeepney drivers and operators in Dagupan City will each receive a P200 subsidy from Colegio de Dagupan (CdD) to pay their SSS contributions after the signing of a Memorandum of Agreement among SSS-Dagupan Branch, Downtown Loop Utility Express (DOLUJEX), Bonuan Binloc Operators/Drivers Association (BINODA) and CdD.
The SSS warns the public against filing fraudulent claims following the decision of La Union Municipal Trial Court in Cities (MTCC), Branch II to sentence an SSS claimant found guilty of falsification of public documents.
The SSS has achieved additional ISO 9001 Quality Management System certification of compliance for the registration and coverage processes of four of its branches, marking another milestone of its achievement in 2014, a top official said.
Members seeking to have their settled retirement, death or disability claims with the SSS re-adjudicated or re-evaluated have up to ten years to file their requests. This prescriptive period also applies for petitions contesting settled claims before the Social Security Commission (SSC).
The provincial government of Isabela will now subsidize the contributions of around 10,000 marginalized farmers to the SSS as contained in the memorandum of agreement it signed with the state-agency last January 30.
The SSS is calling on members with outstanding loans under the Stock Investment Loan Program and the Privatization Fund Loan Program to avail themselves of the option to sell their shares of stocks under the two programs.
More than 300 job order and contractual employees of the Municipal Government of Taytay, Palawan LGU can now gain access to financial assistance during times of contingencies such as maternity, sickness, disability, retirement or old age, and death as self-employed members of the SSS.