Philippines’ SSS net income jumps, assets hit record 1.26 trillion pesos

The Philippines’ Social Security System (SSS) reported a net income of 142.97 billion pesos (US$2.46 billion) for 2025, while assets under management rose 22% from the prior year to a record high 1.26 trillion pesos in its first ever breach of the 1 trillion peso mark.

Income surged 58.4% from 90.26 billion pesos in 2024, the SSS, which manages retirement savings of private sector employees and the self-employed, says in a statement on February 19.

Robert Joseph de Claro, president and chief executive officer of the SSS, attributes the improvement to “sustained fiscal discipline, strengthened fund governance, designed to safeguard members’ contributions and preserve the fund’s actuarial soundness”.

According to de Claro, surpassing 1 trillion pesos of assets is a “historic milestone and a strong affirmation of our duty to every Filipino worker and pensioner who relies on SSS”.

Last year, the SSS paid 304.94 billion pesos in pensions and benefits to 5.66 million members, and loaned out 61.11 billion pesos.

The fund reduced interest rates on key loan facilities from 10% to 8% and expanded its pension loan programme to cover survivors of pensioners, adding benefits to an additional 1.2 million people.