SSS posted fatter ’25 profits, reserve funds
The Social Security System (SSS) posted a surge in its earnings in 2025 despite the phased pension increase that began in the third quarter of last year.
In a statement, the state-run pension fund for private-sector workers said its net income last year surged 58.4 percent to P142.97 billion, surpassing the P100-billion target.
The strong financial performance comes even as SSS rolled out its first annual pension increase, phased through 2027, which did not require any increase in member contributions.
Retirement and disability pensions were granted a 10-percent increase annually, while survivor pensions were set to rise by 5 percent each year.
Adding to this growth was the agency’s reserve funds breaching the P1 trillion mark for the first time, ensuring that the SSS has enough resources to meet its future benefit obligations even during periods of economic uncertainty.
Finance Secretary Frederick Go said the strong profits and reserve funds would help SSS become “financially resilient and more responsive to the needs of every Filipino.”
”This record performance and over P1 trillion reserve fund level send a clear message to SSS members: your pensions are secure; your benefits sustained,” Go, who is also Social Security Commission chair, said in a statement.
For his part, SSS President and CEO Robert Joseph de Claro said the fund’s 2025 standing was driven by fiscal discipline, strengthened fund governance and long-term reforms.
“This performance reflects prudent stewardship of members’ contributions, strengthened governance and our continuing commitment to deliver secure and sustainable benefits—today and for generations to come,” he said.
On disbursements, the SSS released P304.94 billion in pensions and benefits to 5.66 million members in 2025, along with P61.11 billion in loan releases.
Total assets, meanwhile, grew 22.1 percent to P1.26 trillion.
For 2026, De Claro said the fund’s earnings may rise by only about 8 percent due to the pension increase. To offset the additional costs, the agency is set to raise its target for contributions for the year.
