The SSS fulfills a noble mandate as amplified by this year’s anniversary theme: “Sa SSS: Miyembro’y Protektado, Kinabukasa’y Sinisiguro.”

1. SSS at 54: A protective
presence members can rely on
The SSS fulfills a noble mandate as amplified
by this year’s anniversary theme: “Sa SSS:
Miyembro’y Protektado, Kinabukasa’y
Sinisiguro.”
The Social Security System (SSS) is a shoulder
of support to workers in times of financial emergencies
and has loomed like an avuncular presence in the
workplace and in the home for more than half a century. Proud of its past and confident of its
future role in the lives of its members and stakeholders, the SSS notches up another fruitful year
of service as it celebrates its 54th anniversary on September 1.
The SSS fulfills a noble mandate as amplified by this year’s anniversary theme: “Sa SSS:
Miyembro’y Protektado, Kinabukasa’y Sinisiguro.”
SSS coverage is mandatory for private sector employees, household helpers and self-
employed workers — including farmers, fishermen and high income professionals such as actors,
entrepreneurs, athletes, accountants, doctors and dentists. But the institution has widened its
reach to allow informal sector workers such as street vendors and watch-your-car boys to also
avail of social security protection. Migrant workers, members separated from private sector
employment — such as those who moved on to government service — and non-working spouses
of active members fall under voluntary coverage.
The SSS protects members in various ways:
Protecting members by providing benefits, loans and other privileges
SSS benefits serve as lifeline to millions of workers when they lose their capacity to earn
due to sickness, maternity, disability, old age and death. Last year, SSS benefit payments
amounted to P77.17 billion, which made up 92 percent of total expenditures. About half of total
benefit disbursements were for retirement claims, which were paid out to members as monthly
pensions or in lump sum.
The SSS administers the regular Social Security program, which offers short-term and
long-term benefits. Maternity and sickness benefits are short-term cash allowances given to
members who temporarily stop working due to ailments and pregnancy.
The SSS also looks out for the future of members over the long-term. Contributions of
members, which represent 10.4 percent of their covered monthly income, add up as savings to
meet future needs.

2. Members look forward to getting retirement benefits at the end of their employment,
while workers who become physically or mentally incapable receive disability benefits.
Survivors of members are entitled to death benefits, including funeral grants of up to P20,000.
The SSS also grants additional benefits for work-related sickness, disability or death
under the Employees’ Compensation program, which the agency administers.
The SSS promotes social justice under the principle of cross-subsidy. Contributions of
active members subsidize pensioners. High-earners subsidize low-income workers. Male
members help fund maternity benefits of female workers.
The institution offers loan privileges to employers and members to help fulfill their credit
needs. Members can avail a maximum of P24,000 in salary loans. Its housing loan programs help
members buy their own home or apply for loans for house repairs and improvements.
SSS corporate loans help businesses to expand and grow, to create jobs and spur social
and economic growth. In more than two decades, the SSS has released more than P23 billion for
business and social loans to fund more than 5,000 projects that have generated 99,300 jobs,
created 4,125 hospital beds and provided school facilities for almost 168,000 students.
To increase employers’ access to SSS lending facilities, the agency has relaxed its
requirements and allowed monthly adjustments of interest rates to align them with market rates
starting July 2011. Also, the SSS opened the credit facilities to new projects such as sustainable
energy, forest development and mining.
Protecting fund viability
The SSS must ensure the continuing viability of the fund to secure a good future for its
members.
The SSS manages the flow of income from contributions and investments to finance its
operations, pay for members’ benefits and protect its reserve fund, which serves as buffer in
times of deficits.
From September 1957 to June 2011, the SSS collected a total of P794.76 billion
contributions and earned P370.68 billion in investment and other income. Over the same period,
benefit payments amounted to P794.69 billion while operating expenses totaled P86.41 billion.
At present, SSS has assets of nearly P315 billion and its fund life is expected to last 28
years or until 2039. The SSS hopes to bring back the fund life to perpetuity through structural
reforms that can lead to higher income from contributions and investments.

3. Protectin rights an benefits o workers f
ng nd of from delinq
quent emplo
oyers
Part of SSS’ duty is to p
protect workkers from ddelinquent em
mployers wh deny wo
ho orkers
rightful b
benefits. Un
nder the Soc Security law, employers have the respon
cial y nsibility to r
report
workers for SSS cov verage within 30 days from start of e
n employment They must also deduc and
t. t ct
remit the workers’ contribution and loan a
eir c ns amortizationss.
Employers th fail to com
E hat mply with th law face i
he imprisonmen of up to 12 years on t of
nt top
paying p
penalties and fines. SSS account of
d S fficers all o
over the cou
untry monito complianc of
or ce
employer through personal visit to
rs ts
check company recor rds.
SSS files charges aga
c ainst
erring emmployers in court or before
the Socia Security Commission In
al C n.
the first half of 20011, SSS f filed
cases agaainst 518 em
mployers wit a
th
combined delinquen of P236
d ncy 6.28
million. This marks a 72 perc
s cent
increase compared with a total of
w l
302 cases filed from January to J
June
last year.
.
Protectin the syste from fraud
ng em
To
T prevent fraud, SSS has
f
implemen the new Unified Multipurpose Identificatio System (U
nted w on UMID), whic uses biom
ch metric
technolog to determ a person identity t
gy mine n’s through fingerprint matc
ching.
UMID cards contain a c
U contactless c
chip and magnetic strip that store biometric and
pe es c
demograp phic informaation to iden
ntify membe Because the UMID u
ers. uses biometr technology, it
ric
would be impossibl for any p
le person to oobtain multip ID card to be used in fraud
ple ds dulent
transactio
ons.

4. Stak
kehold
ders’ v
voice
(Clockwise from Left) Da
aniel L. Edralin, Bienvenido E. Laaguesma, Maria anita O. Mendoz za, Ibarra A. Ma
alonzo, Rosalinda D.
Baldoz (Ex‐Offic
cio Member as S Secretary of Labor), Eliza Bettina R. Antonino, JJuan B. Santos (C
Chairman),
Em
milio S. de Quiroos, Jr. (Vice‐Chairman and CEO) ) and Diana V. Pardo‐Aguilar
The
T Social Sec curity Commi ission (SSC), a nine-memb body that serves as SSS governing b
ber S board,
steers the institution to fulfill its m
e mandate to it members a stakehold
ts and ders. Under th Social Security
he
Law, ex-o officio SSC members inclu the Labor Secretary or his duly des
m ude r signated undeersecretary an the
nd
SSS president, who als holds the p
so position of Vic Chairman.
ce
The
T other sev members were appoin
ven President of t Philippines. Three of them
nted by the P the
represent the employer three repre
rs, esent the labo sector and one represen
or d ntative from t general p
the public.
Two wom represent the employer and worke groups, re
men rs’ ers’ espectively.
The
T present SSC is heade by Chairm Juan B. Santos, who is one of th three mem
S ed man o he mbers
representi the emplo
ing oyers’ sector. Santos, who was former trade secreta served a the first Filipino
. o r ary, as
President of Nestle Ph
hilippines from 1987 to 2003 and was a recipient o the prestig
s of gious Manageement
Man of th Year award in 1994.
he d

5. SSS President and Chief Executive Officer — and SSC Vice Chairman — Emilio S. de Quiros,
Jr. and Labor Secretary Rosalinda D. Baldoz are ex-officio members. De Quiros is a veteran banker from
the private sector prior to becoming SSS president in 2010, while Baldoz rose from the ranks in the
government service.
Joining Santos from the employers’ sector are Diana P. Aguilar, an investment banker with 13
years of experience in capital markets transactions, and Bienvenido E. Laguesma, who was former
Secretary of the Department of Labor and Employment.
The workers’ advocates in the SSC are Daniel L. Edralin, chairperson of the Alliance of
Progressive Labor, and Ibarra A. Malonzo, a lawyer, who held various positions such as General
Secretary of the National Confederation of Labor and President of the National Federation of Labor.
Marianita O. Mendoza, a doctor who pushed for the inclusion of non-working spouses under SSS
coverage, has been reappointed as female representative of the workers’ group.
Eliza Bettina R. Antonino represents the general public. She held positions as Vice President of
Wemilco Management and Development Company and served in various capacities at the Senate of the
Philippines.

6. Service i
innovations
SSS impleements new w ways
s to im
mprove
e
vice de
serv elivery membe
y to m ers
The Social Secu urity System in its dr
m, rive to impprove
se
ervice deliv
very, has im mplemented innovative ways to m
e make
tr
ransactions e
easier, faster and more c
r convenient f its 29 m
for million
members. Th SSS offer a lifeline t private se
m he rs to ector workers and
th families during tim of sickne maternit disability old
heir s mes ess, ty, y,
age
a and death h.
The n new Unified Multi-pur
d rpose Identification (UM MID)
ca facilitate processing of benefit claims and loan applica
ard es g ations
th
hrough the w
wonders of b
biometric tec
chnology. In the future, i will
it
be used by m members to withdraw S SSS benefit claims and loan
proceeds at au
utomated tel machine
ller es.
SSS mmembers no have eas access to their recor to
ow sy o rds
monitor their contributi
m ions, benefi and loan payments and
its n s
determine the eligibility to various SSS program Member can
d eir y ms. rs
view their re
ecords throu Self-Ser
ugh rvice Inform
mation Termi inals,
which are tou
w uch-screen kkiosks installled at SSS branches, w a
with
si
ingle swipe o their SSS IDs.
of
Memb bers can also get infoormation usiing their m
mobile
phones throu the Text
ugh t-SSS facilit — a fitting innovatio in
ty on
th country k
he known as the “Text Capi of the W
e ital World.” The TText-
SSS servvice has ear
rned SSS th 2011 Hon
he nors Laurea citation f
ate from Compu uterworld, a IT
an
oriented media orga anization ba
ased in the United St
e tates, for it visionary application of
ts y ns
informati technolo
ion ogy.
The
T Enhanced SSS websi gives members exclu
d ite usive online access to the social sec
eir curity
records. Through th website, employers and memb
his bers can su ubmit contri ibution and loan
collection reports, file benefit c
n fi claims and loan applications, and set appoint tments with SSS
branches by registeri at www.s
ing sss.gov.ph.
Another roun
A nd-the-clock service for members is the Interact
s tive Voice-RResponse Sy ystem
(IVRS), a telephone basedinquiry facility. Th IVRS use voice instr
y he es ructions to g
guide membe in
ers
getting in
nformation about their co
a ontributions, benefits, lo
oans and other social sec
curity data.

7. Modern technology has paved the way for the use of the Automated Records
Management System (ARMS), which involves converting paper-based and microfilmed
documents into digitized format. The ARMS offers more efficient records keeping, cost savings
and easy retrieval of documents needed to process benefit claims and loan applications.
With new technology, the SSS is in step with new innovations to provide a mantle of
protection to every Filipino worker in the Philippines and abroad.

8. SSS Progress of Operations
Source: SSS Actuarial Department
Showing steady growth, the Social Security System (SSS) made remarkable progress in
various aspects of its operations in the past 54 years.
Bulk of annual SSS revenues come from contributions, which has grown from less than
P50 million in 1960 to nearly P80 billion last year. Investment earnings, another important factor
in the fund’s long-term viability, reached P27.85 billion in 2010 — more than double the P12.3-
billion annual income from investments a decade earlier.
In a display of the institution’s resilience, SSS reversed the trend of deficits arising from
excessive benefit payments compared with contribution collections near the turn of the
millennium. In 2000, benefits of P33.89 billion outpaced total contributions of P30.32 billion.

9. Figures in 2010 paint a brighter picture, with SSS posting a surplus in contributions of more than
P2 billion over benefit payments of P77.17 billion.
As a young institution in 1960, SSS spent P4.11 million for members’ benefits, which
was slightly more than the P3.57 million it spent for operations. The gap between benefit
payments and operating expenses widened over the years. In 2010, benefit payments accounted
for 92 percent of P84.29-billion total expenditures, and the rest were for operations.
Strong revenues enabled SSS to amass assets of P314.61 billion as of June 2011. The
agency’s growth runs parallel with the upsurge in SSS membership through the decades. From
only 29,000 employers and about 484,000 workers under its coverage half a century ago, SSS
membership has swelled to more than 880,000 registered employers and 28.9 million members
this year, about 70 percent of which are employees and household helpers.

10. 2011 SSS Balikat ng Bayan Awardees
Top Employers
Large Accounts
NCR
North - TELUS International Phils., Inc.
Central - Mercury Drug Corporation
South - Convergys Philippines Services Corporation
Luzon
North - St. Louis University
Central - DG21 Limited Liability Co.
South - Analog Devices Gen. Trias, Inc.
Bicol - Metro Legazpi Development Corp.
Visayas
Central - Metro Cebu Resources, Inc.
West - BISCOM, Inc.
Mindanao
North - Taganito Mining Corporation
South - Holy Cross of Davao College, Inc.
Medium Accounts
NCR
North - FLEXO Manufacturing Corporation
Central - Magnum Integrated Security Services, Inc.
Luzon
North - Mountain Maid
Training and Development
Foundation
Central - Bataan 2020, Inc.
South - ROHM Mechatech
Phils., Inc.
Bicol - Rural Bank of Camalig
Albay, Inc.
Visayas
Central - Teradyne Phils., Ltd.
West - Siliman University
Medical Center (SUMC)

11. Foundation, Inc.
Mindanao
North - OROPORT Cargo Handling Services, Inc.
South - HOLCIM Phils., Inc.
Best Banks
Best Collecting Bank
Commercial - Banco de Oro (BDO)
Thrift - RCBC Savings Bank, Inc. (RSBI)
Rural - Rural Bank of Cauayan (RBC)
OFW Remittances - i-Remit Incorporated
Best Paying Bank
Commercial - Land Bank of the Philippines (LBP)
Thrift - RCBC Savings Bank, Inc. (RSBI)
Rural - First Macro Bank (FMB)
1st SSS Balikat ng Bayan Awards for Excellence in Journalism Television
GMA Network for Unang Hirit
UNTV for Kaagapay and Good Morning Kuya
Radio
DOLE and SSS On-Air
DZRC-AM, Filipinas Broadcasting Network
Legazpi City
Oras na Pilipinas
DXFE, Far East Broadcasting
Company
Davao
Print
Louella D. Desiderio
BusinessWorld
Romeo “Butch” M. del Castillo
BusinessMirror
Posthumous Award
Marlina “Len” Flores Sumera
Arangkada 1530, DZME