Improved collection, rate hike lift SSS revenues to all-time high

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9 months ago

MANILA, Philippines —The Social Security System (SSS) saw its revenues soar to an all-time high in 2023 that exceeded both its target and the previous year’s haul, thanks to beefed-up collection efforts and a rate hike for mandated contributions. Revenues last year amounted to P362.20 billion, up at an annualized rate of 18.2 percent, the

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improved

collection

revenues

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