Business
SSS urges
members
to update
contact
details
Credit: sss.gov.ph
SSS President and Chief Executive
Officer Emmanuel F. Dooc
T
he Social Security System (SSS)
urged individually-paying
members, including self-employed,
voluntary members, non-
working spouses, and overseas
Filipino workers (OFWs), to
provide and update their contact
information with SSS to receive
their Payment Reference Number
(PRN) via text message.
The Real-Time Processing of
Contributions (RTPC) program, which requires the generation of PRN before
paying, instantly validates, transmits and acknowledges contribution payment
with the member's record in SSS. Upon payment of their contribution using PRN,
members will receive notifications via SMS that their contributions have been
posted.
“We strongly urge our members who are not yet registered in the My.SSS
facility so they could generate their PRN online, to provide SSS their contact
information for the issuance of PRNs via SMS. This way, they will be able to pay
their monthly contributions and avoid delays in the processing of their benefit
claims and other services,” SSS President and Chief Executive Officer Emmanuel F.
Dooc said.
“There are three ways to update their contact information. One is thru over-
the-counter in any of the SSS branches nationwide. Two, thru My.SSS account in
our website. Three, thru the SSS Mobile Application. We call on our members to
also register in the My.SSS facility in the SSS website (www.sss.gov.ph) and SSS
Mobile Application, so they could generate their PRN on their own,” Dooc added.
Earlier, the pension fund announced that members can pay their contributions
without PRN as a response to the clamor of members who have difficulty
accessing the Internet. But this is only limited to those who have not yet received
any PRN before.
Upon payment without PRN, SSS will request members to update their contact
information in the database. The member will then receive their PRN via SMS for
their next payment of contributions.
There are 83,606 pensioners, 124,583 OFWs, 563,219 voluntary members, 7,005
household helpers, 4.13 million employed members, 225,057 self-employed,
and 7,141 non-working spouses who are registered in the SSS Website and with
registered email addresses.
Members can visit the nearest SSS branch to update their contact information
by accomplishing the Member Data Change Request Form (SSS Form E-4), or the
Member Information portion of the Payment Slip.
To update the member's contact information online, a member needs to click
the “Try My.SSS Beta” found in the SSS Website’s homepage; log in using his/her
My.SSS account; click the “My Information” then the “Update Information;” check
the box that they want to update; click “Next” then “Update” and save or print the
Online Data Change Request form in PDF.
The members can also update their contact information through SSS
Mobile Application, log in using their My.SSS account credential; click My
Information; click Update Information; click Contact Details and choose Mobile
Number and submit.
The SSS again reminds members that PRN can be generated in four ways: thru
their My.SSS online account in the SSS website; SSS Mobile Application; thru
the PRN inquiry facility of the collection partners of SSS; or thru any SSS branch
nationwide.
www.sss.gov.ph
62
SSS contribution collections
jump by P22B in 2018
SSS President and
Chief Executive
Officer Emmanuel F.
Dooc
Credit: sss.gov.ph
S
tate-run Social Security System
(SSS) over the weekend said
its contribution collections
jumped by more than P22.19
billion in 2018 on the back
of the aggressive collection
efforts of the agency.
SSS President and Chief
Executive Officer Emmanuel
F. Dooc said members’
contributions hit P181.92
billion in 2018, up by 13.89 percent from the
P159.72 billion recorded in 2017.
“We are very pleased that we have ended the
year 2018 on a positive notch. Contribution collections comprised
more than 86 percent of our total revenue last year,” Dooc said.
Based on the unaudited financial records of the pension fund, total
revenues of SSS reached P212.57 billion in 2018, registering a growth
of 6.02 percent from the P200.50 billion recorded in 2017.
Total expenditures of the pension fund, on the other, slightly rose
by 5.33 percent to P189.84 billion in 2018 from the P180.23 billion
recorded a year ago. Broken down, benefit payments contributed
largely to the increase in total expenditures in 2018 with P180.08
billion following the adjustments in Employees’ Compensation (EC)
benefits in the middle of the year while operating expenses barely
increased to P9.76 billion from the P9.54 billion recorded a year ago.
“As you can see, benefit payments was P9.39 billion higher than
last year. Increase in the number of benefit claims rose by an average
of 7 percent in the last six months of the year. The implementation of
the EC benefit adjustment also contributed to the increase in benefit
disbursements along with the release of the 13th-month pension of
qualified pensioners and their dependents,” Dooc said.
SSS, the administrator of EC claims for private employees, said more
than P442.38 million was disbursed to 17,619 EC pensioners for the
additional benefit of P1,150 starting on January 2017 until October
2018 including the 13th-month pension for the year 2017 and for the
additional P425 carer’s allowance per month starting May 2018 to
October 2018.
SSS’ financial standing remained well-managed with total resources
of P507.32 billion or P2.45 billion higher than the 2017 year-end level
of P504.87 billion as of end-December 2018.
“We hope to continue this growth in performance in terms of our
collections this year. We are hopeful, especially with the passing of the
SS Act of 2018, to continue to post growth in performance and further
serve our members and pensioners quality programs and privileges,”
Dooc said. www.sss.gov.ph