SSS shells out P11B in holiday benefits
The Social Security System has released P11.02 billion worth of 13th month benefits to its pensioners.
View ArticleSSS sees flat revenue growth for ’13
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.
View ArticleAnother hike in SSS members’ contribution eyed
The Social Security System is eyeing another increase in the rate of its members’ contribution before the end of President Aquino’s term
View ArticleLife insurance market penetration rising
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.
View ArticleSSS contributions up as OFWs help raise ante
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.
View ArticlePension fund to put up more branches abroad
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.
View ArticleSSS contributions rose by nearly 10% in 2013
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.
View ArticleSSS increasing exposure in capital markets
The Social Security System (SSS) recently announced it would hire three local fund managers as part of its plan to increase exposure in domestic capital markets.
View ArticleSSS reports 14% profit growth
The end-October profit of state-run Social Security System (SSS) grew by 14 percent to P37.3 billion on the back of double-digit growth in members’ contributions.
View ArticleSSS to sell unpaid shares acquired by members under loan programs
State-run pension fund Social Security System (SSS) has given its members with outstanding loans under two programs the option to sell their shares of stocks to partly or fully settle their liabilities.
View ArticleSSS released P102.8B in benefits in ’14
Total benefits released by state-run pension fund Social Security System (SSS) to its members grew by over a tenth in 2014. In a statement on Friday, SSS said it disbursed P102.8 billion in social...
View ArticleEase of doing business in PH
LAST week, 12 government offices entered into a memorandum of agreement to simplify the process of doing business in the country. The signatories to the agreement are, among others, the Department of...
View ArticleSSS to sell North Harbor lots in Q3
STATE-RUN pension fund Social Security System (SSS) plans to sell a number of small lots at North Harbor in Manila and lease out a property near the bustling gaming hub Entertainment City within the...
View ArticleSSS still looking for two fund managers
STATE-RUN pension fund Social Security System is still looking for two fund managers that will each manage P1 billion in portfolio. The SSS over the weekend published for the third time a call for...
View ArticlePension hike means higher contributions
STATE-RUN Social Security System (SSS) is amenable to increasing pensioners’ benefits as proposed by a number of bills filed in Congress, but stresses the need to raise the contribution rate to...
View ArticleBiz Buzz: Coincidental timing?
IF YOU think that the timing of latest complaint against the old Meralco deal being raised at the Office of the Ombudsman is funny, well, you may be on to something. And, if some observers are to be...
View ArticleIndian printing firm debunks ‘blacklisting’ claim
A India-based printing technology company bidding for the SSS unified multi-purpose identification (UMID) cards debunks claims it has been blacklisted in India. The post Indian printing firm debunks...
View ArticleBiz Buzz: Deal or no deal
THE PHILIPPINE Stock Exchange (PSE) failed to close a deal to raise its interest in the Philippine Dealing System (PDS) Group by Friday’s deadline due to lack of clearance from the Securities and...
View ArticleFLI backs out of SSS Pasay property bidding
State-run pension fund Social Security System failed to auction off the long-term lease of several pieces of prime land near Manila Bay’s fast-rising gaming hub, as the lone prospective bidder did not...
View ArticleSSS end-September benefit releases up 10%
THE AMOUNT of benefits released by state-run pension fund Social Security System (SSS) at the end of the first nine months rose by a tenth to P83.7 billion. In a statement, the SSS yesterday said...
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