GOOD NEWS FROM SSS: PENSIONERS’ BENEFITS UP BY 5%

THE Social Security System (SSS) has raised the pensions of its 1.9 million pensioners by five percent.

Although the across-the-board increase takes effect this month, the payout will be made in August because it will take time for the agency to adjust the records of members, according to Agnes San Jose, SSS vice president for benefits administration.

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SSS Contribution Table Effective This January 2014

The Social Security System has issued Memorandum Circular 2013-010 and already released the SSS Contribution Table to be effective on January 1, 2014. SSS members will follow the updated contribution table after the approved 0.6-percentage-point increase in member contributions to be paid for by employers and their workers.

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SSS to increase member contribution rate in 2013

Social Security System (SSS) is now readying to implement the increased member contribution rate next year 2013, to ensure the fund’s ability to meet all claims and benefits of its 29 million members.

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SSS Gains Support on OFW Coverage

The Social Security System (SSS) said that it has drawn support from Philippine Overseas Employment Administration (POEA) Administrator Hans Leo Cacdac, who cited the need to ensure SSS coverage of millions of Filipino seafarers and land-based OFWs.

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