To get the best prices, the Social Security System and Government Service Insurance System should submit to a Swiss challenge all unsolicited offers to purchase their marketable securities, the Trade Union Congress of the Philippines said in a press release. Read the rest of this entry »
SSS, GSIS urged to apply ‘Swiss challenge’ on deals
February 28, 2012
Subject SSS, GSIS holdings to challenge—labor group
February 28, 2012
Dismayed by audit reports showing the Social Security System (SSS) and Government Service Insurance System (GSIS) may not have gotten the best deal for their members when they sold their Meralco holdings for only P90 per share, the country’s biggest labor union proposed that the two state pension funds submit their marketable securities to a “Swiss challenge.” Read the rest of this entry »
SSS ready to invest P50 B on PPP projects
February 6, 2012
MANILA, Philippines – The Social Security System (SSS), the state-owned pension fund for private employees, is ready to invest as much as P50 billion in the government’s Public-Private Partnership (PPP) program for infrastructure, its top official said. Read the rest of this entry »
SSS bares loan amnesty program to members
January 11, 2012
The Social Security System said employees, self-employed workers and voluntary members with overdue loans can settle their unpaid principal and interest without paying the full amount of penalties under a new amnesty program starting on April 2. Read the rest of this entry »
SSS eyeing hike in contributions this year
January 10, 2012
STATE-RUN Social Security System (SSS) is eyeing to get Malacañang’s approval for its proposed contribution hike within the first half of the year. Read the rest of this entry »
SSS, PhilHealth coverage for PWDs pushed
October 16, 2011
MANILA, Philippines – An administration lawmaker has called for amendments to Republic Act 7277 or the Magna Carta for Disabled Persons to allow persons with disabilities (PWDs) to be covered by the Social Security System (SSS) and the Philippine Health Insurance Corp. (PhilHealth). Read the rest of this entry »
SSS collections in Luzon up 10% to P8.51 billion in H1
September 12, 2011
MANILA, Philippines – The Social Security System (SSS), the state-owned pension fund for private employees, has collected P8.51 billion in contributions in Luzon during the first six months of this year, latest data from the agency showed. Read the rest of this entry »
Investment income lifts SSS net revenue by 15%
August 31, 2011
PROFITS OF pension fund Social Security System (SSS) rose by 15% in the first half on the back of higher earnings from investments and cutbacks in operating expenses. Read the rest of this entry »
New SSS guidelines widen access to business, social loans
August 6, 2011
Social Security System (SSS) has cut down its interest rates and relaxed its lending requirements to enable more companies to avail themselves of its social and business loans, a top official said. Read the rest of this entry »
SSS issues new IDs
July 19, 2011
MANILA, Philippines – The Social Security System (SSS), the state pension fund for private employees, has started production of new identification cards which may also be used to facilitate transactions with partner government agencies.
In a press briefing yesterday, SSS president and chief executive officer Emilio de Quiros Jr. said the issuance of the new cards under the Unified Multipurpose Identification System (UMID) would begin before the end of the month. Read the rest of this entry »
