November 5, 2025 | 12:00am
MANILA, Philippines — State-run Social Security System grew its earnings by 20 percent from January to September, driven by higher service and business income that strengthened its overall financial performance during the period.
The pension fund manager said its net income amounted to P93.89 billion as of end-September, higher than the P78.31 billion in end-September last year.
The net income during the nine-month period is close to the projection made by SSS president and CEO Joseph de Claro that earnings will hit P100 billion this year, driven by higher member contributions.
“Definitely, we will reach the P100-billion mark in net income for 2025. In terms of percentage growth, it will range from about 38 percent to about 43 percent year-on-year,” he said.
De Claro said the main growth drivers are the country’s growing population and the agency’s continuous promotion to include different sectors in the pension fund.
Total income went up by 11.8 percent to P344.92 billion from P308.48 billion, while expenses increased by 9.1 percent to P251.04 billion from P230.16 billion.
Service and business income occupied the chunk of the total income at P326.75 billion during the nine-month period, which increased by 14.6 percent from P285.14 billion in the same period last year.
Benefit payments accounted for the bulk of the pension fund’s expenses, reaching P223.34 billion, which represents a near seven percent increase from the P209.04 billion recorded in the same period last year.
SSS is working to strike a balance between financial sustainability and delivering benefits to its stakeholders through various programs.
Member contributions grew by 14 percent to P281.7 billion from January to September compared to last year’s P246.62 billion.
