The desk displaying the three-year SSS pension reform bundle.
MANILA – State-run Social Safety System (SSS) mentioned it’s going to implement a Pension Reform Program which encompasses a structured, three-year pension improve for all of its pensioners.
In a press release Thursday, SSS mentioned the rise is consistent with the directive of President Ferdinand R. Marcos Jr.
It goals to uplift all pensioners by way of inclusive profit changes, assist them get well inflation, and promote the worth of working and saving.
The SSS pension hike might be applied in three annual tranches each September.
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Retirement and incapacity pensioners as of Aug. 31 this 12 months may have a ten p.c improve beginning September.
Demise or survivor pensioners may even have a 5 p.c improve in pension.
Pensioners as of Aug. 31, 2026 and as of Aug. 31, 2027 may even obtain the identical improve starting September 2026 and September 2027.
“After three years, pensions may have elevated by roughly 33 p.c for retirement or incapacity pensioners and 16 p.c for loss of life or survivor pensioners,” SSS mentioned.
The state pension fund for the personal sector additionally launched a desk illustrating the estimated pension improve for pattern instances over the three-year implementation interval (2025 to 2027).
The SSS Pension Reform Program was authorized by the Social Safety Fee (SSC) below Decision No. 340-s.2025 dated July 11, 2025.
Corresponding SSS Round on the Program shall be revealed accordingly in a newspaper of common circulation.
“We’ve heard the clamor for greater pensions loud and clear,” mentioned SSS President and CEO Robert Joseph de Claro.
“With the steerage of Finance Secretary and SSC Chairperson Ralph G. Recto, and after cautious actuarial assessment, we’re rolling out a rational and sustainable pension improve that uplifts all pensioners with out compromising the fund’s actuarial soundness,” he added.
The SSS mentioned the reform program wouldn’t necessitate any contribution improve and is anticipated to profit 3.8 million pensioners together with 2.6 million retirement and incapacity pensioners and 1.2 million survivor pensioners.
It’s projected to inject P92.8 billion into the economic system from 2025 to 2027.
The reform may even lead to solely a manageable discount of fund life from 2053 to 2049, offset by stronger money flows from earlier contribution reforms and enhanced assortment efforts.
“Our actuarial crew confirms that the fund stays financially sound,” De Claro mentioned.
“We’re dedicated to restoring fund life again to 2053 by way of protection growth and improved assortment effectivity,” he added. (PNA)
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