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The Social Security System (SSS; Filipino: Paseguruhan ng mga Naglilingkod sa Pribado) [4] is a state-run social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954.
The Government Service Insurance System (Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a Filipino government-owned and controlled corporation (GOCC) in the Philippines aimed at government employees. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance ...
The Social Security Administration's press office provided comments after the initial publication of this story, stating that "state and local government employers are required to disclose ...
In 2024, the Social Security wage cap is $168,600. ... you're looking at paying $12,400 a year into Social Security. In reality, however, your employer is covering $6,200 and you're paying the ...
For example, if you earned $175,000 in 2024, $6,400 would be exempt from Social Security payroll taxes. However, if you earn $175,000 in 2025, all of it will be subject to taxes because it's below ...
March 13 – A raid by security forces on a POGO suspected of criminal activities in Bamban, Tarlac leads to the rescue of 871 individuals inside, including 371 Filipinos and 432 Chinese nationals, [58] and an investigation into the origins and possible involvement of the town's mayor, Alice Guo from May 2024.
As shown above, two groups of beneficiaries reached FRA in 2024: (1) Workers born in the second half of 1957 attained FRA at age 66 and 6 months between January and June 2024, and (2) workers born ...
The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year. That amounts to around $49 more in monthly benefits for the average retiree.