About the company:The Philippine Social Security System (SSS) is a pension fund for private sector workers that is guided by its mandate of developing, promoting and perfecting a sound and viable tax-exempt social security system, which shall promote social justice and provide meaningful protection to members and their beneficiaries against the hazards of disability, sickness, maternity, old age and death.The state-run pension fund provides social security protection to workers in the private sector through two programs it administer: the Social Security program, which offers a safety net of partial income replacement for members whose earning capacity have been lost or greatly reduced due to certain contingencies; and the Employees’ Compensation (EC) program, which provides compensation for workers whose injury, illness, death or disability occurs during work-related activities.The SSS is affiliated with other social security organizations inside and outside the country. These include: The Philippine Social Security Association (PhilSSA); ASEAN Social Security Association (ASSA); and the International Social Security Association (ISSA).The SSS basically derives its funds from member’s contributions and investment earnings. Such portion of the contributions that are not needed for benefit disbursements go to a Reserve Fund, which is intended to cover future liabilities in benefit payments of the SSS to its over 30 million members to date. Due to increasing number of members, the SSS has established 275 local and 21 foreign branches, to bring SSS closer to members.
About the company:The Philippine Social Security System (SSS) is a pension fund for private sector workers that is guided by its mandate of developing, promoting and perfecting a sound and viable tax-exempt social security system, which shall promote social justice and provide meaningful protection to members and their beneficiaries against the hazards of disability, sickness, maternity, old age and death.The state-run pension fund provides social security protection to workers in the private sector through two programs it administer: the Social Security program, which offers a safety net of partial income replacement for members whose earning capacity have been lost or greatly reduced due to certain contingencies; and the Employees’ Compensation (EC) program, which provides compensation for workers whose injury, illness, death or disability occurs during work-related activities.The SSS is affiliated with other social security organizations inside and outside the country. These include: The Philippine Social Security Association (PhilSSA); ASEAN Social Security Association (ASSA); and the International Social Security Association (ISSA).The SSS basically derives its funds from member’s contributions and investment earnings. Such portion of the contributions that are not needed for benefit disbursements go to a Reserve Fund, which is intended to cover future liabilities in benefit payments of the SSS to its over 30 million members to date. Due to increasing number of members, the SSS has established 275 local and 21 foreign branches, to bring SSS closer to members.
About the company:The Philippine Social Security System (SSS) is a pension fund for private sector workers that is guided by its mandate of developing, promoting and perfecting a sound and viable tax-exempt social security system, which shall promote social justice and provide meaningful protection to members and their beneficiaries against the hazards of disability, sickness, maternity, old age and death.The state-run pension fund provides social security protection to workers in the private sector through two programs it administer: the Social Security program, which offers a safety net of partial income replacement for members whose earning capacity have been lost or greatly reduced due to certain contingencies; and the Employees’ Compensation (EC) program, which provides compensation for workers whose injury, illness, death or disability occurs during work-related activities.The SSS is affiliated with other social security organizations inside and outside the country. These include: The Philippine Social Security Association (PhilSSA); ASEAN Social Security Association (ASSA); and the International Social Security Association (ISSA).The SSS basically derives its funds from member’s contributions and investment earnings. Such portion of the contributions that are not needed for benefit disbursements go to a Reserve Fund, which is intended to cover future liabilities in benefit payments of the SSS to its over 30 million members to date. Due to increasing number of members, the SSS has established 275 local and 21 foreign branches, to bring SSS closer to members.