SSS reiterates no hike in member contributions until 2027

MANILA, Philippines — The Social Security System (SSS) will not increase member contributions until 2027, SSS president and CEO Robert Joseph de Claro said on Thursday. The fresh assurance comes as the pension fund rolls out its multi-year pension increase, which will run until 2027. READ: SSS sets 3-year pension increase without contribution hike According to de Claro, SSS’ strong financial position allows it to forgo a contribution hike despite the additional costs from higher pension payouts. For his part, Finance Secretary and Social Security Commission Chair Frederick Go affirmed that a contribution increase is “not on the agenda” and “not […]... Keep on reading: SSS reiterates no hike in member contributions until 2027