SSS benefit enhancement plan boosts social protection

The Social Security System (SSS) has unveiled a strategic three-year plan to enhance core member benefits, signaling renewed commitment to the welfare of millions of Filipino workers and their families.

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With retirement and disability benefits set to increase by 10 percent, and death and survivorship benefits by 5 percent, the SSS projects a cumulative benefit appreciation of 33 percent and 16 percent, respectively, by 2027. Remarkably, this expanded benefit package will be implemented without any increase in member contributions a move that underscores both prudent fund management and genuine social responsiveness.

Commendably, the benefit hikes are fully supported by the agency's actuarial and investment performance, with no need to burden workers or employers with higher premium payments. In an economic environment where Filipino families face persistent inflation and rising daily expenses, this development brings timely and much-needed relief-particularly to retirees, persons with disabilities, and the survivors of deceased members.