Social Security System (MANILA BULLETIN FILE PHOTO)
The pension fund said benefit disbursements from January to May 2021 were higher by 13.3 percent from P79.93 billion during the same period a year ago.
“Along with the rapidly increasing membership base is the constant rise of benefit releases to our qualified members, pensioners, and beneficiaries. This only shows that SSS remains true to its mandate of providing meaningful social security to all working Filipinos, especially during times of contingencies,” SSS President and Chief Executive Officer Aurora C. Ignacio said on Wednesday, July 14.
Of the total benefit releases, around 99 percent or P89.92 billion were for social security benefits, while the remaining P608 million were for EC benefit disbursements.
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