Philstar.com·3 min read·medium
Pension hike drags down SSS earnings in H1
A
Aubrey Rose Inosante
✦AI Summary
The Philippines' Social Security System (SSS) reported a 27.8 percent decline in net income for the first half of the year. This drop is attributed to increased benefit payouts, including a new pension hike program, despite growth in contributions.
MANILA, Philippines - State-run pension fund Social Security System (SSS) reported a 27.8-percent drop in net income in the first half, as benefit payouts outpaced contributions and investment earnings.
businesseconomy
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