SSS aims to simplify pensioner services, lower loan rates, expand coverage for self-employed

The Social Security System (SSS) is aiming to enhance services for pensioners, reduce interest rates on its loan programs, and improve coverage for self-employed workers.

President Robert Joseph De Claro announced plans to simplify the Annual Confirmation of Pensioners (ACOP) Program, making it easier for pensioners to comply with requirements.

The SSS also intends to lower the current 10 percent annual interest rate on salary and calamity loans based on its strong investment performance.

De Claro emphasized the importance of ensuring that self-employed professionals such as accountants, doctors, and engineers are covered under the SSS through coordination with the Professional Regulation Commission.

These initiatives aim to improve service excellence while maintaining financial discipline and sustainability within the organization.