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SSS provident fund generates P24-B in contributions

Published: August 24, 2022

SOCIAL SECURITY. Members of the Social Security System attend a stakeholders forum at Hotel de Fides in Tacloban City on Wednesday (Aug. 24, 2022). During the gathering, SSS announced its plan to expand the Workers' Investment and Savings Program.(PNA photo by Sarwell Meniano) TACLOBAN CITY - The Social Security System (SSS) has already collected PHP24 billion in contributions as of May 2022 nationwide from the Workers' Investment and Savings Program (WISP) since it was launched last year. The program, according to Fernando Nicolas, acting head of the SSS public affairs division, will ...

Source: philippinetimes.com

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Fernando Nicolas Savings Program Social Security System Worker Investment Republic Act Social Security Act Social Security Members Of The System Attenda Stakeholders Forum At Hotel De Fides In Tacloban City On Wednesday Aug 24 022 During The Gathering Ss Announced Its Plan To Expand The Workers 39 Investment And Savings Program Pna Photo By Sarwell Meniano Tacloban City Social Security System Sss Has Already Collected Php24 Billion In Contributions As Of May 2022 Nationwide From Wisp Since It Was Launched Last Year Ccording To Fernando Nicolas Cting Head Of The Sss Public Affairs Division Ill Raise The Savings Of Sss Members For Higher Retirement Benefits Quot This Is Very Effective Since Wisp Fund Generated An Income Php333 77 Million Witha Corresponding Return 6 39 Percent In First Year Its Implementation 2021 Investment Outperforms Key Market Indicators Uot Nicolas Said During The Stakeholders 39 Forum Here On Wednesday Launched In January 2021 He Wisp Isa Provident Fund Scheme Managed By Sss Intended As Another Savings For Private Sector Workers And Other Individual Members It Was Implemented In January 2021 Part Of The Landmark Provisions Under Republic Act 11199 Or Social Security 2018 Contributions To Will Be Invested Following Principles Safety High Yield End Liquidity Nd As Provided Under The Law Hich Will Yield Additional Pension Income For Contributing Members Nicolas Said All Private Sector Employees Self Employed Individuals Overseas Workers Nd Voluntary Members Who Have No Final Claim In The Regular Sss Program Ave Contributions In The Regular Sss Program Nd Havea Monthly Salary Credit That Exceeds Php20 000 Are Automatically Covered By The Program He Explained That Wisp Contributions Paid Together With In Regular Sss Earnings Generated From Will Be Distributed Proportionately Based On Member 39s Contributiona Witha Monthly Income Of Php20 000 Will Contribute An Additional Php500 To The Provident Fund For Those Earning Php21

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SSS provident fund generates P24-B in contributions