State-run Social Security System (SSS) is expecting its net revenue to reach PHP100 billion this year.
“What we’re looking at is that by the full year, we’re looking at about PHP100 billion net revenue,” President and Chief Executive Officer Robert Joseph de Claro said in a briefing at the SSS office in Quezon City on Tuesday.
Data released by SSS showed that net revenue in January to July reached PHP55.5 billion.
“That does not include the mandatory provident fund savings from our members,” De Claro said.
The mandatory provident fund savings during the period amounted to PHP263.12 billion.
Total assets, meanwhile, reached PHP1.36 trillion.
“For nearly seven decades, SSS has remained a trusted partner in providing Social Security protection when our members need it most,” De Claro said.
“As we move closer to our 70th year, we remain committed to improving our program and expanding access to our services and responding to the changing needs of our members.”
In June, SSS implemented the second phase of its pension reform program which benefitted close to 4 million pensioners.
The enhanced emergency loan program of SSS also already provided assistance to 700,000 members as of Aug. 27, with total releases reaching PHP11.36 billion.
“A stronger fund means a stronger capacity to pay pensions and benefits. It means greater assurance that when today’s worker retires, or when hardship strikes a member’s family, SSS will have the capacity to respond,” Finance Secretary and Social Security Commission Chairperson Frederick Go said.
Go said SSS continues to improve access to its services and make disbursements more convenient.
He said that in 2025 alone, SSS disbursed about PHP305 billion in pensions and benefits to millions of members nationwide.
From January to July this year, SSS already released another PHP205.56 billion in benefit payments.
SSS also recently rolled out LoanLite, a microloan program that provides accessible financing at an interest rate of 8 percent per annum or 0.67 percent per month.
“LoanLite offers a safer alternative to high-interest and predatory lenders. We want to ensure that a temporary financial need does not become an unending cycle of debt,” Go said. (PNA)
