The Market Monitor Minding the Nation's Business
The Social Security System (SSS) expects its net income to exceed P100 billion this year on the back of higher investment earnings and improved collection efficiency.
“So definitely, we’ll reach the P100 billion mark in net income for 2025. We estimate that in terms of percentage growth of net income, it will range from about 38 to about 43 percent year-on-year,” SSS president and chief executive officer Robert Joseph de Claro said in a briefing at the SSS office in Quezon City on Thursday.
The agency recorded a net income of P90.2 billion in 2024, half of which came from investments. De Claro said about 50 percent of this year’s income is also projected to come from investments.
For 2026, SSS projects at least an 8 percent increase in its net income, to be supported by stronger coverage drives, better collection mechanisms, and enhanced education campaigns for self-employed and voluntary members.
De Claro said that aside from the recently announced pension increase, the SSS will roll out several programs for members. These include a microloan facility in partnership with UnionBank, set for launch in December, that will allow qualified members to borrow at low interest rates for periods ranging from 15 to 90 days.
The pension fund is also working with the Overseas Workers Welfare Administration (OWWA) to further improve pension benefits for overseas Filipino workers. In addition, SSS is partnering with pharmaceutical firm Unilab for the “Alagang SSS” program, which will provide members aged 60 and above with special pricing on Unilab products.
The SSS has also released nearly P5 billion under its calamity loan program as of August 27. De Claro said P4.97 billion was disbursed to 279,884 borrowers. The loan facility is available to members residing or working in areas declared under a state of calamity, allowing eligible members to borrow up to P20,000 payable within two years at low interest rates.