Marcos confident of continued SSS growth

President Ferdinand "Bongbong" Marcos Jr. expressed confidence on the growth of the state-run insurer Social Security System (SSS), which is set to roll out its multiyear pension hikes.

Marcos made the remark in relation to the increase of the pension for retirement and disability pensioners by 10% annually until 2027. He said this would not necessitate additional contributions. 

"Well, that's fine because the SSS is growing anyway. Our population is growing. Our working population is growing. So, 'yun ang bawi doon, it will continue to grow (So, that's how it's recovered, it will continue to grow)," Marcos said in an interview with GMA Integrated News aired Wednesday. 

"In fact, in our estimation, SSS in terms of its fund is growing at such a rate that it will be bigger than GSIS soon," he added.

In a statement, SSS earlier said its Pension Reform Program was approved by the Social Security Commission (SSC) under Resolution No. 340 s.2025 dated July 11, 2025.

The pension adjustments will be implemented beginning September 2025.

The SSS said the pension reform is "the first multi-year adjustment of its kind in the institution's 68-year history."

After three years, pensions will have increased by approximately 33% for retirement/disability pensioners and 16% for death/survivor pensioners, according to SSS.

The SSS said the reform would benefit over 3.8 million pensioners, including 2.6 million retirement/disability pensioners and 1.2 million survivor pensioners, and is projected to inject P92.8 billion into the economy from 2025 to 2027. — VDV, GMA Integrated News