SSS collected P2.17B from OFWs in 2011 | Global News

ҹ

SSS collected P2.17B from OFWs in 2011

/ 09:26 PM April 01, 2012

The Social Security System collected a total of P2.17 billion in contributions from overseas Filipino workers in 2011, 17 percent more than the P1.85 billion received in 2010.

The increase was attributed to increased efforts by SSS to get overseas-based Filipinos to join or be more active in the pension fund.

SSS president and chief executive Emilio de Quiros Jr. said in a statement that the agency plans to reach out to more OFWs through additional foreign offices and expansion of e-payment and online services.

Article continues after this advertisement

“The SSS posted a double-digit growth in OFW collection for the third straight year,” de Quiros said. “It reflects the growing awareness among overseas workers of the importance of active SSS membership and saving for retirement and other contingencies.”

FEATURED STORIES

The SSS has over 738,000 OFW members, a number that the fund wants to raise through tie-ups with key agencies that handle the deployment of migrant workers such as the Department of Labor and Employment and Philippine Overseas Employment Administration.

“OFWs are usually excluded from social protection programs in their country of employment, even if many of them work in high-risk environments and are considered family breadwinners,” de Quiros said.

Article continues after this advertisement

Also, the SSS is working on bilateral social security agreements with counterparts in Australia, China, Cyprus, Germany and Sweden.

Article continues after this advertisement

De Quiros said SSS wrapped up negotiations with authorities in Denmark and Portugal in 2011, and is preparing for initial talks with officials in Japan this year.

Article continues after this advertisement

“By forging bilateral agreements, we also help overseas Filipinos become entitled to social security benefits comparable to those received by citizens of their host countries,” he said.

Earlier, de Quiros said that the SSS plans to expand its call center operation to provide round-the-clock services to all its members, but especially to OFWs.

Article continues after this advertisement

He said the SSS call center operates from 8 a.m. to 5 p.m., but the pension fund wants to enable its members to reach the agency beyond office hours, particularly those living in different time zones.

The SSS chief is also studying the feasibility of opening within this year five to 10 new domestic branches as well as one each in Dubai in the United Arab Emirates and Kuala Lumpur in Malaysia.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the and acknowledge that I have read the .

The SSS also launched a “member-get-member” promo, through which it is offering “a trip back home” as well as cash prizes to active OFW-members who can nominate and get new members to sign up.

MOST READ
entertainment
newsinfo
newsinfo
sports
newsinfo
www
newsinfo
newsinfo
sports
newsinfo
www
TAGS: Overseas Filipino workers, Social Security System, SSS

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the and acknowledge that I have read the .

© Copyright 1997-2024 ҹ | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies.