Social Security System (SSS) President and Chief Executive Officer Emilio S. de Quiros, Jr. (center) shared the highlights of SSS accomplishments for the last five years during the 11th Employers Confederation of the Philippines (ECOP) Members’ General Meeting, which was held last August 13 at the Henry Sy, Sr. Auditorium of the St. Luke’s Medical Center Global City in Taguig. Officials from the Philippine Health Insurance Corporation, Pag-IBIG Fund and Employees’ Compensation Commission also attended the ECOP event, which carried the theme “Enhancing, Expanding, and Maximizing Benefits to Employees.”
In his presentation, de Quiros cited SSS improvements such as the P40,000 maximum funeral benefit effective August 2015 and the five percent across-the-board SSS pension increase in June 2014. To give local workers a safe investment facility for their retirement, the agency launched the SSS Personal Equity Savings Option (PESO) Fund in 2015. The SSS also established 104 new offices over the past five years, with a total of 285 SSS offices serving members in the Philippines and overseas as of June 2015. Nearly 300 Self-Service Information Terminals (SSITs) were distributed to E-Centers at SSS branches nationwide. In terms of enforcing compliance with the Social Security Law, the pension fund filed 7,072 cases against delinquent employers since 2010, with 5,452 or 77 percent of them settling their overdue SSS obligations.