SSS covers the permanent loss of specific body parts or functions, turning contributions into financial support.
An SSS pension can provide an important safety net, but for many Filipino retirees, a few thousand pesos a month may fall far short of the cost of food, utilities, medicine and other basic needs.
Contributions to the voluntary retirement savings program surged 21.8% to ₱699 million, while SSS waived management fees until 2028.
