News
OFW members earn
P16.4-M from SSS
Flexi-Fund savings
More than 35,000 Overseas
Filipino Workers (OFWs)
registered with the Social
Security System (SSS) received a
total of P16.4 million as income
on their savings under the SSS
Flexi-Fund Program.
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SS Senior Vice President and International
Operations Division Head Judy Frances
A. See said Flexi-Fund accounts in 2013
earned P7.24 million in annual incentive
benefits (AIBs) on top of the P9.16 million
credited as guaranteed earnings, thus
bringing the Fund’s effective rate of return to 4.2
percent for the year.
The total AIB, which amounted to 79 percent of total
guaranteed earnings, was distributed to the accounts of
qualified members on July 31, 2014.
“The Flexi-Fund program remains to be a profitable
investment instrument available for
OFWs wanting to increase their private savings and
retirement income,” See said. “Aside from enjoying the
benefits of a risk-free investment, they may also get an
additional income at the end of the year.”
Flexi-Fund savings are invested in fixed-income
government securities and earn interest based on the