SSS will not retire at 65 - BusinessMirror

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Enacting the SSS Law in 1954 was President Ramon F. Magsaysay’s greatest achievement and finally implementing it in 1957 was President Carlos P. Garcia’s crowning glory.

The Social Security System observed its 65th birthday on September 30, 2022. No less than President Bongbong Marcos was the guest of honor to lead the commemoration of the anniversary of the implementation on September 1, 1957 of the Social Security Act of 1954 . The law was enacted in 1954 during the term of President Ramon F. Magsaysay but became operational only three years later when President Carlos P.

A truly civilized society is measured by how much it cares for the old, the sick, the disabled and its vulnerable members such as pregnant women, widows and orphans. Every responsible government should promote and maintain a sound, viable and tax exempt social security system to protect its members and their families against the risks of death, old age, injuries, sickness, disability, maternity and other contingencies.

Over the years, SSS has expanded its role and coverage. It administers the Social Security Program and the Employees’ Compensation Program. Starting in 1978, the EC thru SSS provides compensation to workers who had illness, death or accident during work-related activities. In 1980, self-employed workers became members of SSS, and in 1992, self-employed farmers and fishermen were covered by SSS.

 

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