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The Social Security System (SSS) registered earnings of P28 billion in 2021 from its operations, with contributions and investment income exceeding benefit
The Social Security System (SSS) registered earnings of P28 billion in 2021 from its operations, with contributions and investment income exceeding benefit payments and operating expenses. In its 2021 unaudited financial statement, its cash inflows of P262 billion surpassed its cash outflows of P234 billion. In the last six years,…
SSS Social Security System (SSS) President and CEO Michael G. Regino explained that the net loss amounting to P843.9 billion shown in 2021 unaudited financial statements is due to a change in accounting standards brought by Philippine Financial Reporting Standards (PFRS) 4. “This increase in ne
Pension fund gains P28B from operating activities
SSS clarifies net loss shown in unaudited FS for 2021