SSS pensioners to get 33% increase in benefits over 3 years
PHILIPPINES, AUG 1 – The Social Security System will raise pensions by around 33% for retirement and disability pensioners benefiting over 3.8 million members without increasing contributions.
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SSS pensioners can expect a 10% or 5% increase every year until 2027
Pensioners under the Social Security System (SSS) will begin receiving increased monthly payouts starting September, with annual hikes set through 2027 as part of a landmark pension reform program.
SSS pensioners to get 33% increase in benefits over 3 years
MANILA, Philippines — Heeding public clamor for better benefits, the Social Security System (SSS) will implement a landmark Pension Reform Program that raises pension over a three-year period — without requiring members to contribute more. After three years or by 2027, pensions will have increased by around 33 percent for retirement/disability pensioners and 16 percent
Workers in the private sector can expect a pension increase from the Social Security System (SSS). Starting in September, the pension of retirees and disability pensioners will be increased by ten percent per year, which will be implemented by the SSS until 2027. While there will be a 5% increase for death and survivor pensioners. Another good news: there will be no increase in contribution charges despite the pension increase. The SSS assured t…
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