SSS P.E.S.O Fund

[_Qwerty_]

Don sa may extra funds, you can now invest in SSS P.E.S.O fund..

minimum of 12T per year and maximum of 100T per year.

SSS launches new voluntary retirement plan | Business, News, The Philippine Star | philstar.com

Savings in this new fund are invested in sovereign guaranteed investments, where 65 percent of the total fund is allocated for retirement, and 35 percent is for medical and general purposes.

“The portion for retirement is guaranteed to earn income based on interest rates of five-year Treasury yields, while earnings of the fund allotted for medical and general purposes will be based on 364-day Treasury bill rates,” De Quiros said.

Aside from the guaranteed earnings, De Quiros said SSS PESO Fund members may also get excess earnings which will be credited automatically to their accounts, depending on the actual year-end performance of the fund.

“SSS PESO savings can be used to supplement the benefits available under the regular SSS program. It offers guaranteed earnings based on rates higher than those at brick-and-mortar banks.” De Quiros said.

All members below 55 years old with six consecutive SSS contributions within the last 12 months prior to enrollment and have not yet filed final claims with the SSS are eligible to join the program.

Qualified members can participate for a minimum contribution of P1,000 up to a maximum of P100,000 per year.

[_Cathy_]

This is meant to increase the pension after retirement ba?

[macsd]

An agency headed by political appointee is doomed. Is it not this De Quiros was the one who awarded himself & the board with 1 million bonus each while the agency is struggling to generate funds. It was reported that SSS funds is only good enough to support up to 2030 so their trying to generate other scheme such as this to entice additional funding.

[jodski]

^ hehe yung hinihingi na amount is one of the minimum placement you need to comply with the bank para ma avail mo yang t-bills...
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[ZENMasterTYL]

Hindi kaya scam ng gobyerno to hehehe :D


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[nhel0719]

Hindi kaya scam ng gobyerno to hehehe :D


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Di na ko magtataka

[badkuk]

Any indication what this "reasonable rate" is?

Anyways, i don't trust the government to be competent or honest about this....not unless they hire professional fund manager(who do lose money from time to time)...pero, ayaw ko pa rin ^_^

[1D4LV]

tapos mangyayari, after 5 years, sasabihin nila the projected income of the fund would be insufficient for them to pay the benefits.
don't trust SSS at all.

[zxcvbn]

Hindi kaya scam ng gobyerno to hehehe :D

Sila pa! Lahat ng pwedeng nakawin, nanakawin nila.

[madduck]

Is this the same as P.E.R.A (RA 9505)?

Better to put your money on private account managers. I've asked BPI about PERA some 3 years ago and no one from the branch had answers.
Wala pa daw implementing rules? It looks good pa naman sana.

[_Qwerty_]

yes parang same nang PERA to.. pero SSS mag ma manage.. di man lang nabanggit anong interest rates..

[Beige123]

SSS Personal Equity and Savings Option Fund (SSS P.E.S.O Fund) is a voluntary provident fund program offered by SSS to its members who have the capacity to
contribute more are given the opportunity to save more to receive additional benefits in the future

• It provides Tax-free earnings and benefits
• Contributions placed in sovereign guaranteed investments
• It Guaranteed Earnings that is based on a 5 year T-bond and 365 days T-bill rates.

The program is open to SSS Members who is employeed, self employed, OFW and voluntary members who are:

• Below 55 years of age
• Have paid regular contributions in regular SSS program for at least 6 consecutive months w/in the 12 month period
• Have not filed any financial claim under the regular SSS program
• Self Employed, Voluntary and OFW Members should be paying the maximum amount of contributions under the regular SSS program.

More Details click here: https://www.sss.gov.ph/sss/DownloadC...d_Brochure.pdf


SSS P.E.S.O Fund Forms (In case you need some):

• SSS P.E.S.O Fund Enrollment Program - Forms Philippines
• SSS P.E.S.O. Fund Amendment Form - Forms Philippines
• SSS P.E.S.O. Fund Death Benefit Claim Form - Forms Philippines
• SSS P.E.S.O. Fund Payment Form - Forms Philippines
• https://www.formsphilippines.com/vie...fit-claim-form
• https://www.formsphilippines.com/vie...fit-claim-form
• https://www.formsphilippines.com/vie...ithdrawal-form

[badkuk]

i think PAG IBIG fund has a similar product...something like 8% p.a. daw.

That said....diskumpyado ako whenever the government is involved. SSS itself is having funding problems due to the increased pension. As far as their investments sa stock market...i have my doubts sa hinohold nila ngayon.

[dreamur]

i think PAG IBIG fund has a similar product...something like 8% p.a. daw.

That said....diskumpyado ako whenever the government is involved. SSS itself is having funding problems due to the increased pension. As far as their investments sa stock market...i have my doubts sa hinohold nila ngayon.

Precisely the reason why they are now trying to attract more funds. SSS is bleeding. What is our assurance we will get our full pension when we retire, much less the returns on the PESO fund?

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[kisshmet]

Precisely the reason why they are now trying to attract more funds. SSS is bleeding. What is our assurance we will get our full pension when we retire, much less the returns on the PESO fund?

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Tunay kasi ang malasakit ni digong sa mga pensioners ng SSS kaya dinagdagan nya pension nila di tulad ni noynoy

Ngayon dagdag contribution ang mga myembro, kaso kulang pa din kaya merong pang ganitong gimik para hindi magcollapse ang SSS

But then again theres the phil govt sovereign guarantee

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[badkuk]

Well most likely mangugutang na lang yan to get its funding requirements....pinapasa lang yung problemang palaki ng palaki sa susunod na henerasyon. But yeah, too big to fail ika nga.


i think we should take a look at the prospectus(am i using the proper term here?) if there's any assurance that the fund is somehow independent from SSS' shortfalls. If it's not, e iwas pusoy na lang.

[papi smith]

I hate it when they compare investments against savings deposit, those who invest look for the best channels, not the under the bed returns.

[badkuk]

^ i hear ya. Interest sa savings account is something like 0.25%...kumbaga in setting the bar e nakalatag na lang sa sahig yung bar. Kakain ka ng buhay ng inflation.

[Ry_Tower]

^ i hear ya. Interest sa savings account is something like 0.25%...kumbaga in setting the bar e nakalatag na lang sa sahig yung bar. Kakain ka ng buhay ng inflation.

Tawag dyan nakapatong sa alikabok. Hehe

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