SSS assets breach ₱1 trillion mark in 2025 – DOF

The Social Security System (SSS), the pension fund for employees in the private sector, saw its assets breach the P1 trillion mark last year, according to the Department of Finance (DOF).

In a statement, the DOF said the SSS posted total assets of P1.26 trillion, up by 22.1% from P1.03 trillion in 2024.

The pension fund also booked a net income of P142.97 billion, up by 58.4% year-on-year.

With this, Finance Secretary and Social Security Commission (SSC) chairman Frederick Go reported that the SSS’ reserve funds grew to over P1 trillion for the first time, signifying the pension fund’s financial strength, overall security and sustainability.

“This record performance and over P1 trillion reserve fund level send a clear message to SSS members: your pensions are secure; your benefits sustained,” Go said.

For his part, SSS president and CEO Jay de Claro said the 2025 financial performance of the pension fund can be attributed to sustained fiscal discipline, strengthened fund governance, and long-term reforms designed to safeguard members’ contributions and preserve the fund’s actuarial soundness.

Last year, the SSS implemented the first round of annual pension increases.

The pension fund granted yearly increases of 10% for retirement and disability pensions, and 5% for survivor pensions from 2025 to 2027.

Likewise, in 2025, the SSS disbursed P304.94 billion in pensions and benefits to 5.66 million members nationwide. Loan releases reached P61.11 billion. 

The SSS also reduced interest rates on key loan facilities from 10% to 8%. 

The SSS Pension Loan Program was also expanded to cover survivor pensioners, extending benefits to an additional 1.2 million members; and continued its credit support through programs such as the Calamity Loan, Emergency Loan, and the upcoming Micro Loan Program. — JMA, GMA Integrated News