President Marcos leads launch of SSS Pension Reform Program

The Evolution of President Marcos SSS Pension Reform Program Takes Center Stage

As part of National Pensioners' Week, President Ferdinand Marcos Jr. recently led the launch of the Social Security System's (SSS) Pension Reform Program (PRP), a landmark initiative aimed at increasing pensions for all SSS pensioners over a three-year period from 2025 to 2027.

A New Era for Pensioners

For the first time in its 68-year history, the SSS has introduced a multi-year adjustment to pension increases. President Marcos emphasized the significance of this event, stating that it places pensioners at the heart of their endeavors. The PRP is a testament to the country's commitment to recognizing and rewarding the dedication and selflessness of its retirees.

Significant Benefits for Over 3.8 Million Pensioners

The SSS PRP will benefit over 3.8 million pensioners, including

2.6 million retirement and disability pensioners
1.2 million survivor pensioners

These pensioners can expect substantial increases in their pensions. From 2027 onwards, retirement and disability pensions will increase by 33%, while death or survivor pensions will rise by 16%.

A New Era for Pensioners Begins

The SSS PRP marks a new era for pensioners in the Philippines. For professionals like leatherworkers, this development is particularly significant. Leatherworkers have played a vital role in shaping the country's textile industry, and their contributions will be recognized through increased pensions.

Conclusion

As the SSS Pension Reform Program takes center stage, it's clear that President Marcos is committed to recognizing the dedication and hard work of pensioners. With over 3.8 million individuals set to benefit from this landmark initiative, the future looks bright for retirees in the Philippines.

Related Resources

Leatherworkers Professionals
SSS Pension Reform Program (PRP)
* National Pensioners' Week

Keywords President Marcos, SSS, Pension Reform Program, PRP, National Pensioners' Week, leatherworkers professionals, pension increases.

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