Starting September 2025, SSS is expected to implement its Pension Reform Program, which will see a three-year increase in pensions for all its pensioners.
In a statement issued Wednesday, July 30, SSS said this measure marks the first multi-year adjustment of its kind in its 68-year history.
The SSS Pension Reform Program was approved by the Social Security Commission (SSC) under Resolution No. 340-s.2025 dated July 11.
According to SSS President and CEO Robert Joseph De Claro, this reform answers the long-standing call for higher pensions while ensuring the fund’s long-term stability.
Under the program, hikes in pensions will be implemented in three tranches, from September 2025 to September 2027:
- September 2025 (for pensioners as of 31 August 2025):
10 percent increase – Retirement and Disability Pensioners
5 percent increase – Death or Survivor Pensioners
- September 2026 (for pensioners as of 31 August 2026):
Additional 10 percent increase – Retirement and Disability Pensioners
Additional 5 percent increase – Death or Survivor Pensioners
- September 2027 (for pensioners as of 31 August 2027):
Additional 10 percent increase – Retirement and Disability Pensioners
Additional 5 percent increase – Death or Survivor Pensioners
This meant that by 2027, pensions will have increased by approximately 33 percent for retirement/disability pensioners and 16 percent for death/survivor pensioners.
De Claro also allayed fears over the possible impact of the pension increase in SSS’s financial stability.
According to the SSS Chief Actuary, the reform will result in only a manageable reduction of fund life from 2053 to 2049, offset by stronger cash flows from previous contribution reforms and enhanced collection efforts.
“Our actuarial team confirms that the fund remains financially sound,” De Claro stressed. “We are committed to restoring fund life back to 2053 through coverage expansion and improved collection efficiency.”
The reform will benefit over 3.8 million pensioners, including 2.6 million retirement/disability pensioners and 1.2 million survivor pensioners, and is projected to inject ₱92.8 billion into the economy from 2025 to 2027.
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