SSS pensioners to receive 33% pension hike over 3 years

The Social Security System (SSS) has announced a three-year pension increase for its 3.8 million pensioners, set to begin in September 2025 without any corresponding increase in contribution rates.

This initiative will result in a total pension increase of approximately 33 percent for retirement and disability pensioners, and 16 percent for death and survivor pensioners over the three-year period.

The pension hikes will be implemented annually in three tranches, each occurring in September.

In September 2025, retirement and disability pensions will see a 10 percent increase, while death and survivor pensions will rise by 5 percent.

Subsequent annual increases of another 10 percent for retirement/disability and 5 percent for death/survivor pensions will be applied in September 2026 and September 2027.

SSS states the pension hike is "actuarially sound" and will only have a minimal effect on their fund life, shortening it from 2053 to 2049.

This reduction in fund life will be offset through reforms in contribution collection efforts, and SSS reiterates there will be no increases in mandatory contributions.

SSS acknowledges the strong call from pensioners for increased monthly pensions and considers this pension reform the best possible option to raise all pensioners' benefits.