Social Security System (Philippines)
| Paseguruhan ng Kapanatagang Panlipunan | |
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 Main office of the SSS along East Avenue in Quezon City. |
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| Agency overview | |
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| Formed | September 1, 1957 |
| Headquarters | SSS Building, East Avenue, Diliman, Quezon City |
| Agency executives | |
| Website | www |
The Philippine Social Security System (SSS; Filipino: Paseguruhan ng Kapanatagang Panlipunan) is a state-run, social insurance program in the Philippines to workers in the private, professional, and informal sectors. SSS is established by virtue of Republic Act No.1161, better known as Social Security Act of 1954. This law was later amended by Republic Act No. 8282 in 1997.
Government employees, meanwhile, are covered under a separate state-pension fund managed by the Government Service Insurance System (GSIS).
It was former President Manuel A. Roxas who first proposed a bill in Congress, seeking the establishment of a social security system for wage earners and low-salaried employees. This he said on January 26, 1948, during his State of the Nation Address.
On July 7, 1948, after the death of President Roxas, President Elpidio Quirino created a Social Security Commission, his first official act as president. This commission drafted the Social Security Act that was submitted to Congress. In 1954, Rep. Floro Crisologo, Senators Cipriano Primicias and Manuel Briones introduced bills to the Congress that were eventually enacted as Republic Act 1161, or the Social Security Act of 1954. The law was also called the Social Security Law (SS Law).
However, its implementation was delayed by objections made by business and labor groups. It was only in 1957, that amendatory bills were presented in Congress creating the RA 1792, amending the original Social Security Act.
On September 1, 1957, the Social Security Act of 1954 was finally implemented adopting the social insurance approach to social security, covering the employed segment of the labor force in the private sector.
In 1980, some groups of self-employed persons were also required to contribute to the social security fund from which benefits are paid upon the occurrence of a contingency provided by law. In 1992, self-employed farmers and fisherfolks were also included in the program. In 1993, household helpers who earn at least ₱1,000 were included in the compulsory coverage of employees and in 1995, workers in the informal sector earning at least ₱1,000 a month, like the ambulant vendors and watch-your-car boys, were also covered by SSS.
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Wikipedia