SSS: For only P500, members can start saving for pension

Transcript

00:00The Social Security System, or SSS, reintroduced the MySSS Pension Booster Program,

00:05offering members the opportunity to save for the retirement fund with a higher annual return rate

00:10of 7.2% for only 500 pesos. SSS President and Chief Executive Officer Roland Ledesma-Macasayet

00:18encourages members to enroll in the program, emphasizing its flexibility and benefits for

00:24achieving financial goals. The program consists of mandatory and voluntary schemes,

00:29allowing partial or full withdrawal with total contributions and investment earnings.

00:34While withdrawals are possible, members are advised to retain their savings until retirement

00:39to enjoy tax-free benefits. Various groups, including maritime professionals,

00:44overseas Filipino workers and self-employed individuals,

00:47are urged to start planning and saving for retirement early on in their careers.