A fresh round of pension adjustments and a planned microloan facility are set to roll out as the Social Security System (SSS) posts record financial results, according to its top officials.
Finance Secretary Frederick Go, who chairs the Social Security Commission, confirmed that retirement and disability pensioners will receive a 10 percent adjustment this year, followed by another 10 percent increase in 2027. Pensioners had already received a similar 10 percent hike in 2025, with additional increases scheduled in September this year and September next year.
“We will increase pension by 10 percent this year and we will increase pension by 10 percent next year,” Go said.
For death and survivor beneficiaries, the agency will implement a 5 percent annual adjustment through 2027.
Despite the successive increases, SSS members will not see higher contributions in the near term. SSS President and Chief Executive Officer Robert Joseph De Claro pointed to the institution’s financial position as the reason no rate adjustment is needed.
“Wala hong contribution increase until 2027,” De Claro said.
The pension fund reported that its reserve funds reached a record P1 trillion last year. Net income surged 58.4 percent to P142.9 billion in 2025, up from P90.2 billion in 2024. Total revenues climbed 21.4 percent to P460.7 billion from P379.6 billion, largely driven by member contributions.
Go described the agency’s performance in strong terms, saying, “The SSS is now the most profitable GOCC.”
Alongside the pension adjustments, SSS is preparing to introduce a microloan program, which may begin in the second quarter. The facility will allow members to borrow between P1,000 and P20,000 at an annual interest rate of 8 percent, equivalent to roughly 0.67 percent per month.
Go said the initiative is intended to provide an alternative to high-cost lenders that typically charge 12 to 15 percent interest monthly.
“The micro loan is really our answer to the predatory lending that a lot of our fellow Filipinos suffer from. We really created this to address what they call the payday loan,” Go added.
The agency is coordinating with banks to streamline access to the loans. Members will be able to apply through partner bank branches nationwide or via the SSS mobile application, reducing the need to visit SSS offices.
“Nag-uutang na nga siya kasi hirap siya tapos papahirapan pa natin siya, so we’re trying to make it easy for everybody,” Go said.
De Claro added, “Hindi na mahihirapan ang members sa pang tawid gastos. This is a facility given to them.”
The pension fund is also studying opportunities to place investments overseas, as its current portfolio remains entirely domestic. In 2025, SSS recorded a 57.1 percent rise in investment income to P83.1 billion.
