SSS runs after employers with ₱1.2M in delinquencies
State-run Social Security System (SSS) issued last Wednesday notices of violation to four erring employers in Santa Mesa, Manila, for incurring a total of ₱1.2 million in delinquencies.
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State-run Social Security System (SSS) issued last Wednesday notices of violation to four erring employers in Santa Mesa, Manila, for incurring a total of ₱1.2 million in delinquencies.
The Social Security System (SSS) released in 2020 more than P1.71 billion in unemployment benefits to 135,814 qualified members.
One Sunday morning as I was listening to the radio playing some selections from the ’60s and ’70s, James Taylor’s old classic “You’ve Got a Friend” brought back distinct memories:
The Covid-19 pandemic continues to wreak havoc not only on the health and well-being of people, but more so on their economic and financial stability.
The Social Security System (SSS) urged banks yet again to come and serve the people of the Autonomous Region in Muslim Mindanao (ARMM), as well, where less than 2 percent of all bank branches on the island actually operate in the conflict-ridden region.
Republic Act (RA) 8282, or the Social Security Act of 1997, recognizes the policy of the State “to establish, develop, promote and perfect a sound and viable tax-exempt social-security system suitable to the needs of the people throughout the Philippines which shall promote social justice and provide meaningful protection to members and their families against the hazards of disability, sickness, maternity, old age, death and other contingencies resulting in loss of income or financial burden.” As of January 2016, there are about 33 million members of the Social Security System (SSS) and 2.15 million retirees receiving their pensions upon retirement.
THE Social Security System (SSS) would like to deploy a larger portion of its investment portfolio in overseas markets than the guidelines allow at present to help sustain the life of the fund, support the proposed pension adjustment and boost its income stream.
The Social Security System (SSS) is pushing for changes in its charter, which was enacted nearly two decades ago, that would provide the pension fund greater investment flexibility to bolster its generation of needed revenues for granting higher benefits for members.
The Social Security System (SSS) is looking at investing in infrastructure to boost its revenues and enable the fund to grant higher pensions and benefits for its growing membership and beneficiaries.
Nearly two-thirds of investors in the Social Security System’s (SSS) voluntary provident fund created for local members are young adults of up to age 35, based on enrollment data of the SSS Personal Equity and Savings Option (Peso) Fund as of end of September 2016.
THE long weekend commemorating All Saints’ Day and All Souls’ Day was, indeed, a time of celebration, when family members near and far came together to honor the memories of loved ones gone. It was a time of reunion and family bonding spent over plenty of food and kakanin. It was a time of remembering one’s dearly departed and reflecting on one’s mortality. Thinking about death and dying at such a time as this was inevitable.
PARTY-LIST Rep. Carlos Isagani T. Zarate of Bayan Muna has enumerated five ways to ensure that the Social Security System (SSS) can finance the P2,000 increase for pensioners, while lengthening its fund life.
With the spread of globalization and interconnectivity in various aspects of modern society driven by continuing advances in technology, the world is, indeed, getting smaller. Institutions can be rendered vulnerable to developments not only in their immediate environment but even in the global milieu.
AN enduring adage states that good work that gets noticed is repeated. Thus, giving recognition to an excellent performance motivates employees to always aspire to meet the standards of performance. Every year the Social Security System (SSS), as part of its anniversary celebration, takes time to recognize its best-performing employees in three categories—Best Support-Service Employee, Best Customer-Service Employee and Best Supervisor—who have shown outstanding and results-based performance. This year’s awardees were selected out of 392 nominees per category.
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