SSS President and chief executive officer Robert Joseph de Claro (PNA photo by Ben Briones)
State-run Social Security System (SSS) is on track to surpass PHP100 billion in net income this year, marking a robust growth of 38 to 43 percent compared to 2024.
“So definitely, we’ll reach the PHP100 billion mark in net income for 2025,” SSS President and CEO Robert Joseph de Claro said during a briefing at the SSS office in Quezon City on Thursday. “Half of this projected income will come from our investments.”
Last year, the SSS posted a net income of PHP90.2 billion. Looking ahead, the agency expects at least an 8 percent increase in net income for 2026, driven by a combination of expanding coverage, improving collections, and educating self-employed and voluntary members on the importance of contributions, de Claro added.
New programs for members
Alongside the previously announced pension hike, the SSS is rolling out new initiatives for members:
- Micro Loan Facility with UnionBank: Launching in December, this program offers qualified members low-interest loans for 15 to 90 days.
- Improved OFW Pensions: In collaboration with the Overseas Workers Welfare Administration (OWWA), the SSS aims to enhance benefits for overseas Filipino workers.
- Alagang SSS with Unilab: Members aged 60 and above can access special pricing on Unilab products under this new program.
Calamity loans for swift relief
SSS has also released nearly PHP5 billion in calamity loans, helping 279,884 borrowers as of August 27. Designed to provide fast financial relief to members affected by natural disasters, the program offers low interest rates, faster processing, and flexible repayment terms. Eligible members can borrow up to PHP20,000 with a two-year repayment period, available to those in areas declared under a state of calamity.
De Claro emphasized that these programs reflect the agency’s commitment to boosting member support while ensuring sustainable growth.