August 29, 2025 | 12:00am
MANILA, Philippines — State-run pension fund Social Safety System expects to publish a internet revenue of P100 billion this 12 months, boosted by greater contributions from its members.
SSS president and CEO Joseph de Claro mentioned the company is working to strike a stability between monetary sustainability and delivering advantages to its stakeholders by means of its applications.
“Undoubtedly, we’ll attain the P100 billion mark in internet revenue for 2025. By way of proportion development, it’ll vary from about 38 % to about 43 % year-on-year,” he mentioned.
SSS mentioned the principle development drivers are the nation’s rising inhabitants and the company’s steady promotion to incorporate completely different sectors within the pension fund.
“That’s the reason we’re assured to embark on this pension reform program. As a result of there will probably be a lot important influence by way of the monetary viability of the pension fund,” he mentioned.
Not too long ago, SSS has rolled out a pension reform program that can increase pensioners’ month-to-month advantages, with the rise to be applied in three phases.
The pension will increase will probably be applied in three annual tranches beginning subsequent month, granting retirement and incapacity pensioners a 10-percent hike and survivor pensioners a five-percent increase annually, primarily based on their standing as of Aug. 31 yearly.
The reform is anticipated to profit greater than 3.8 million pensioners, from 2.6 million retirement and incapacity pensioners to 1.2 million survivor pensioners.
In an announcement, the SSS mentioned the reform would shorten the shelf lifetime of the pension fund by solely 4 years. Nonetheless, the fund life stays manageable and won’t require any enhance in member contributions.
“We’re lucky sufficient that we nonetheless have a rising inhabitants. One of many major drivers can be, other than enchancment of assortment, is a greater protection drive for the abroad Filipino employees,” he mentioned.