Connect with us

Business and Economy

SSS collects over P6-B in Central Luzon

Published

on

Broken down, 62 percent or PHP3.72 billion in contributions during the nine-month period came from branch accounts while the remaining 38 percent or PHP2.28 billion came from large accounts. (Photo: Philippine Social Security System/ Facebook)

SAN FERNANDO, Pampanga — The Social Security System (SSS) collected PHP6.01 billion in members’ contributions under its Luzon Central 2 offices during the first nine months of 2018, up by 10.7 percent from PHP5.43 billion in the same period last year.

SSS President and Chief Executive Officer Emmanuel F. Dooc said in a statement on Friday almost 85 percent or PHP5.09 billion worth of contributions came from employee-members, followed by voluntary and self-employed members at PHP596.55 million and PHP322.14 million, respectively.

Broken down, 62 percent or PHP3.72 billion in contributions during the nine-month period came from branch accounts while the remaining 38 percent or PHP2.28 billion came from large accounts.

“Contributions from voluntary members jumped by 27.4 percent to PHP596.55 million. However, there was a slight decrease in collection from our self-employed members. That’s why we are conducting this multi-sectoral forum to increase awareness among members of cooperatives to inform them of the benefits of SSS and encourage them to pay their monthly premiums regularly,” Dooc said.

Dooc further explained that self-employed members, especially the informal sector workers, are having difficulty in immediately remitting their contributions due to time constraints, considering their nature of work and earning capacity.

“Given the assumptions, we thought that tapping organized groups in Central Luzon to facilitate SSS transactions could be one of the many strategies in bringing SSS services closer to our self-employed members,” Dooc added.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle5 days ago

How To Do Christmas & Hanukkah This Year

Christmas 2024 is literally just around the corner! Here in Vancouver, we just finished celebrating Taylor Swift’s last leg of...

Lifestyle1 month ago

Nobody Wants This…IRL (In Real Life)

Just like everyone else who’s binged on Netflix series, “Nobody Wants This” — a romcom about a newly single rabbi...

Lifestyle1 month ago

Family Estrangement: Why It’s Okay

Family estrangement is the absence of a previously long-standing relationship between family members via emotional or physical distancing to the...

Lifestyle3 months ago

Becoming Your Best Version

By Matter Laurel-Zalko As a woman, I’m constantly evolving. I’m constantly changing towards my better version each year. Actually, I’m...

Lifestyle3 months ago

The True Power of Manifestation

I truly believe in the power of our imagination and that what we believe in our lives is an actual...

Maria in Vancouver4 months ago

DECORATE YOUR HOME 101

By Matte Laurel-Zalko Our home interiors are an insight into our brains and our hearts. It is our own collaboration...

Maria in Vancouver4 months ago

Guide to Planning a Wedding in 2 Months

By Matte Laurel-Zalko Are you recently engaged and find yourself in a bit of a pickle because you and your...

Maria in Vancouver5 months ago

Staying Cool and Stylish this Summer

By Matte Laurel-Zalko I couldn’t agree more when the great late Ella Fitzgerald sang “Summertime and the livin’ is easy.”...

Maria in Vancouver6 months ago

Ageing Gratefully and Joyfully

My 56th trip around the sun is just around the corner! Whew. Wow. Admittedly, I used to be afraid of...

Maria in Vancouver6 months ago

My Love Affair With Pearls

On March 18, 2023, my article, The Power of Pearls was published. In that article, I wrote about the history...