The savings scheme of state-run pension fund Social Security System has collected P36 billion from its nearly five million members looking for additional investment channels.
State-run pension fund Social Security System is expected to face challenges in its fund life by 2039, as it will pay more benefits and collect less from members amid continued demographic shifts in the next 16 years.
The Quezon City Regional Trial Court has dismissed the charges filed against a University of the Philippines Diliman professor and former president of an academic employees’ union, who was arrested by the police last month in connection with her supposed failure to remit the Social Security System contributions of her house helper.