The Social Security System (SSS) has launched its first-ever multi-year pension increase, marking a historic milestone in its 68-year history. President Ferdinand Marcos Jr. announced the reform during the agency’s anniversary celebration, underscoring the government’s commitment to improving the lives of Filipino pensioners.
The new SSS Pension Reform Program (PRP), which officially began on September 1, introduces a structured three-year increase for millions of retirees and beneficiaries. More than 3.8 million pensioners will benefit from the program, valued at P93 billion, with adjustments set to conclude in 2027.
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Three-Year Increment for Pensioners
Under the PRP, retirement and disability pensioners will receive a 10 percent increase, while survivorship pensions will be raised by 5 percent. Dependents are also set to receive higher benefits. By 2027, retirement and disability pensions will grow by 33 percent, while survivorship pensions will see a 16 percent boost.
“For the first time in SSS history, we have increased pensions under the SSS Pension Reform Program,” Marcos said during the launch in Quezon City.
The President stressed that the adjustments would not require additional contributions from members, reassuring workers that the increases are designed to directly benefit pensioners without extra financial burden.
Supporting Families and Strengthening the System
The government emphasized that the reform aims to ease the burden of rising living costs, particularly for food and medicine, while also stimulating the broader economy. Marcos described the program as both an act of gratitude and a necessary reform for long-time workers.
“This event places our pensioners at the heart of our endeavors, for the first time in the history of the SSS, we increased the pension under the SSS Pension Reform Program,” Marcos stated. “We needed to do this as a way of thanking our countrymen who dedicated their lives to wholeheartedly and selflessly work for the nation,” he added.
The President also called on the public to remain diligent in making contributions to sustain the social pension system for future generations.
As the Philippines faces ongoing economic challenges, the multi-year pension hike signals a shift toward long-term reforms that put pensioners first. For millions of families, the increase represents not only financial relief but also recognition of their years of service to the nation.
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