Quezon city: State-run Social Security System (SSS) is anticipating a significant financial achievement this year, projecting its net revenue to reach PHP100 billion. "What we're looking at is that by the full year, we're looking at about PHP100 billion net revenue," stated Robert Joseph de Claro, President and Chief Executive Officer, during a briefing at the SSS office in Quezon City on Tuesday.
According to Philippines News Agency, data released by SSS indicated that the net revenue from January to July amounted to PHP55.5 billion. De Claro further elaborated, "That does not include the mandatory provident fund savings from our members," with the fund savings during this period totaling PHP263.12 billion. Additionally, the SSS reported total assets nearing 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 emphasized. As the organization approaches its 70th year, it is committed to enhancing its programs, expanding service access, and adapting to the changing needs of its members.
In June, SSS implemented the second phase of its pension reform program, benefiting close to 4 million pensioners. The enhanced emergency loan program has already assisted 700,000 members as of August 27, with total disbursements amounting to PHP11.36 billion.
Finance Secretary and Social Security Commission Chairperson Frederick Go highlighted, "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." Go also noted that SSS continues to improve service access and streamline disbursements.
In 2025, SSS disbursed approximately PHP305 billion in pensions and benefits nationwide. From January to July this year, another PHP205.56 billion in benefit payments has been released. Additionally, SSS introduced LoanLite, a microloan program offering accessible financing at an annual interest rate of 8 percent, 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 explained.
