MANILA – State-run Social Security System (SSS) said it will implement a Pension Reform Program which features a structured, three-year pension increase for all of its pensioners.
In a statement Thursday, SSS said the increase is in line with the directive of President Ferdinand R. Marcos Jr.
It aims to uplift all pensioners through inclusive benefit adjustments, help them recover inflation, and promote the value of working and saving.
The increases will be implemented in three annual tranches every September.
Retirement and disability pensioners as of Aug. 31 this year will have a 10 percent increase starting September.
Death or survivor pensioners will also have a 5 percent increase in pension.
Pensioners as of Aug. 31, 2026 and as of Aug. 31, 2027 will also receive the same increase beginning September 2026 and September 2027.
"After three years, pensions will have increased by approximately 33 percent for retirement or disability pensioners and 16 percent for death or survivor pensioners," SSS said.
The state pension fund for the private sector also released a table illustrating the estimated pension increase for sample cases over the three-year implementation period (2025 to 2027).