SSS raises P1.3B via restructuring scheme

Social Security System (SSS) gained P1.31 billion during the first three months of its Loan Restructuring Program, already breaching the target and helping shore up the state-run pension fund's revenue as it struggles to finance the pension hike approved by President Duterte. In a statement, president and chief executive Emmanuel F. Dooc said that from April to June, SSS condoned over P3.35 billion in unpaid loans from 200,960 members. "When we launched the second Loan Restructuring Program in April, we expected to attract 250,000 availees but to our surprise, we've already breached the 200,000-mark in just three months of implementation, and we still have nearly three months to ac...

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