State pension fund Social Security System (SSS) posted a net income of P142.97 billion in 2025, according to its parent agency, the Department of Finance (DOF).

In a Monday morning press release, the DOF said SSS’ 2025 net income marked a 58.4 percent increase from the previous year. Total assets likewise grew to P1.26 trillion, up 22.1 percent from P1.03 trillion in 2024.

The DOF said the SSS Reserve Fund—its primary safeguard to ensure pensions and benefits are paid out to members—surpassed the P1 trillion mark last year.

Consisting mainly of contributions from employees, employers, and self-employed individuals, as well as investment income, the DOF hailed the record reserve level as “an important milestone that strengthens the institution’s resilience against economic shocks, enhances its capacity to withstand demographic pressures, and ensures its ability to meet future benefit obligations.”

“Surpassing the 1 trillion peso mark in our Reserve Fund is a historic milestone and a strong affirmation of our duty to every Filipino worker and pensioner who relies on SSS,” said SSS President and CEO Robert Joseph “Jay” de Claro.

“This performance reflects prudent stewardship of members’ contributions, strengthened governance, and our continuing commitment to deliver secure and sustainable benefits—today and for generations to come,” he added.

In 2025, SSS disbursed P304.94 billion in pensions and benefits to 5.66 million members nationwide. Loan releases reached P61.11 billion, providing timely financial assistance to workers and their families.

To further ease borrowing costs, SSS reduced interest rates on key loan facilities from 10 percent to 8 percent. The Pension Loan Program was also expanded to cover survivor pensioners, extending benefits to an additional 1.2 million members.

Finance Secretary Frederick Go, who serves as chair of the Social Security Commission, likewise hailed SSS’ 2025 performance as added security for its 43 million members.

“This record performance and over 1 trillion-peso reserve fund level send a clear message to SSS members: your pensions are secure; your benefits sustained,” Go said.

The state-owned pension fund recently rolled out a historic pension reform program last September, which aims to deliver P120 to P140 million in additional benefits to members.

“The pension reform program is a three-year program that, for the pensioners, would provide increases of 10 percent per annum for the next three years. If you’re an existing pensioner, your pension will increase by 33 percent after three years,” de Claro told DAILY TRIBUNE’s editorial team in a December roundtable interview.

To aid members affected by the recent slew of natural disasters, SSS launched an Emergency Loan Program in December 2025. The program offers assistance of P1,000 to P20,000, with interest rates as low as 7 percent and includes a six-month payment moratorium.

“The SSS will continue to provide programs such as the Micro Loan and Calamity Loan to deliver adequate, affordable, and faster support to our members,” added Go in Filipino.