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News and Events

OFWs May Soon Get Bigger SSS Sick Benefits and Retirement Savings

The SSS is currently working with other government agencies to push for the increases

If you're working abroad, or know someone who does, better take note of this: the Social Security System (SSS) is working to push and finalize higher social security retirement benefits for OFWs."It was clear in the public forum that all stakeholders are united in providing ...

by Charlene J. Owen of  | May 14, 2019 08:00:00
News and Events

How Much Lower Is Your Salary Going to Get With the Increase in SSS Contribution?

It starts this April

The first wave of the increase in  Social Security System (SSS) monthly contributions will begin this month, April 2019. From 11 percent, SSS contributions will now amount to 12 percent of the individual's salary with the employers shelling out more than the employees ...

by Rachel Perez for  | April 07, 2019 08:00:00
News and Events

Voluntary Placements Double for Pag-IBIG's Tax-Free Savings Plan That Pay 8.1% p.a

MP2 program pays yields higher than time deposits or bonds on contributions as low Php500 a month

Members of the Home Development Mutual Fund (Pag-IBIG), a government-run savings and mortgage fund, are setting aside large amounts of money and placing these in a special savings program that provides above-market returns for placements maintained for five years.Voluntary contributions to Pag-IBIG ...

by Elyssa Christine Lopez  | July 31, 2018 10:00:00
News and Events

What’s the Impact of the Planned Hike in SSS Contributions on Employees’ Take Home Pay?

Can you afford the proposed higher social security contributions?

The state-run Social Security System (SSS) has announced plans to increase members’ contributions starting January 2018 to compensate for the higher pensions given to retirees and to sustain the pension fund’s actuarial life.According to reports in the Philippine Daily Inquirer and Philippine ...

by Pauline Macaraeg  | October 02, 2017 07:00:00
Startup Tips

How the SSS Salary Loan Really Works, Plus Answers to FAQs About Your Contributions

SSS Assistant Vice President for Media Affairs Ma. Luisa Sebastian answers some of your concerns

You’ve probably been contributing to SSS for years now partly because it’s the law, and partly because your employer deducts your share automatically. Or maybe you’ve left your regular job and gone freelance, which has made you stop contributing because you feel ...

by Charlene J. Owen of  | September 10, 2017 05:00:00
News and Events

The 5 key economic achievements under President Elpidio Quirino's term

His administration (from 1948 to 1953) left notable economic legacies, among them the country's industrialization and the central bank's creation.

February 29 marks the 60th death anniversary of the Philippines’ sixth Philippine President Elpidio Quirino. Today, his remains were reinterred from the South Cemetery in Makati City to the Libingan ng mga Bayani (Heroes’ Cemetery) in Taguig City.Quirino is now the third ...

by James Humarang  | February 29, 2016 07:00:00
Business Ideas

SSS registration now easier via web site

Upon registration, employers can view records, submit applications and collection reports online

The Social Security System (SSS) posted an eight percent increase in the number of registered users of the SSS web site after the agency started accepting online applications and collection reports on June 6, a top official said.SSS President and Chief Executive ...

by Entrepreneur Staff  | August 24, 2011 12:00:00
Business Ideas

Start a home-based business in six steps

Home is where the heart -- and money -- is. Isn\\\'t it time you started your own home-based business?

It used to be people went outside the home to earn money or apply for jobs. However, with the rough economic times in the last two years dealing major setbacks to major employing companies and even bigger corporations, more and more people ...

December 15, 2010 02:00:00