The Philippines’ Social Security System (SSS) will provide social security coverage to job order and contract workers of the Bureau of Customs and the Philippines Port Authority, both in Zamboanga City.
They will be classified as self-employed members and their monthly contributions will be automatically deducted from their salaries under an agreement signed with the two entities, the pension fund says in a statement on December 21.
The move will benefit around 160 port authority workers and 20 from the customs bureau.
“The agreement aims to provide social security services to these job order workers during their senior years. So if they get old, they will be given dignity,” SSS President and Chief Executive Officer Rolando Macasaet says.
The SSS manages the retirement savings of private sector employees, the self-employed and Filipino overseas workers, with 773.39 billion pesos (US$13.94 billion) of assets under management as of end-July.
