Manila: President Ferdinand R. Marcos Jr. has called on the Social Security System (SSS) and Government Service Insurance System (GSIS) to maintain the integrity of public pension funds, urging them to invest wisely and responsibly. The appeal was made during the SSS's 68th anniversary and the launch of the 2025 Pension Reform Program.
According to Philippines News Agency, President Marcos highlighted the trust placed in these institutions by millions of hardworking Filipinos. He reminded the leadership that each member's contribution is the result of their hard work and sacrifice. Marcos emphasized the duty of these institutions to be there for their members in times of need, providing necessary support and comfort.
GSIS caters to state workers, while SSS serves private sector employees. The President's remarks follow reports of investment losses by GSIS, notably in online gaming operations, raising concerns about the safety and appropriateness of public fund investments. Marcos appealed to both pension funds to exercise caution, modernize systems, and streamline processes to improve service accessibility, particularly in remote areas.
Marcos directed the leadership of SSS and GSIS to uphold trust with the utmost integrity and vigilance. He urged them to invest wisely, modernize their systems, and ensure that their services are easily accessible through digital platforms or help desks and kiosks, even in remote locations. The President stressed the importance of protecting the lifetime of work that pensioners have dedicated to themselves and the country.