SSS nears P2 trillion reserve funds

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March 1, 2026 | 12:00am

MANILA, Philippines — The Social Security System expects its reserve fund to swell to P2 trillion within three to four years, while assuring members it will not hike contributions until 2027.

In a press briefing, SSS president and CEO Joseph de Claro said his goal is to reach P2 trillion reserve funds before the Marcos administration ends.

“As you know we came from the pandemic, malaki yung exponential growth after the pandemic. The road to P2 trillion is getting near. I think we are on track within the next three to four years to reach P2 trillion,” he said.

The SSS reported that its reserve funds reached P1.07 trillion in 2025, the highest in its 69-year history.

This would allow the agency to boost resilience against economic shocks, enhance its capacity to withstand demographic pressures, and ensure its ability to meet future benefit obligations.

De Claro added that the good performance allowed the release of the second and third tranches of pension hikes but reiterated that it would not raise the contribution hikes until 2027.

After this, the agency will defer to Congress, which is expected to review whether adjustments to member contributions will be necessary.

Finance Secretary and SSS chair Frederick Go said that contribution increases are “not on the agenda and not being discussed.”

The SSS is preparing to roll out a microloan program by the second quarter, offering members credit at an eight-percent interest rate, far below the nearly double-digit charges of predatory lenders.

Go said the agency is partnering with five banks, details of which will be disclosed soon.

“Because our results are good, the loan we are looking at that can be lent to the members of the microloan program is about P40 billion over two years,” De Claro said.

The SSS is also studying possible lending rate adjustments after the Bangko Sentral ng Pilipinas cut its policy rate by 25 basis points to 4.25 percent this month.

SSS grew its earnings by 58.4 percent to P142.9 billion in 2025 from P90.2 billion in 2024 as revenues increased by 21.4 percent to P460.7 billion from P379.6 billion.