De Claro leaves SSS with ‘strongest financial standing’

MANILA, Philippines — The Social Security System (SSS) quotes goodbye to its president and CEO, Robert Joseph de Claro, who leaves the organization’s most powerful monetary position to date– “specified by record-breaking property levels, a progressively growing financial investment reserve, and noticeably enhanced incomes.”

Under de Claro’s stewardship, the SSS stated in a declaration that it has actually maintained its monetary strength and stayed well-positioned to sustain the shipment of advantages to its members, pensioners, and their households.

Since June 2026, the SSS’s overall possessions increased to P1.35 trillion, showing a 7.6 percent boost– comparable to P94.9 billion– from P1.25 trillion since December 2025.

This development highlights the pension fund’s enhancing monetary structure and its capability to fulfill long-lasting advantage commitments, according to the exact same declaration.

De Claro, who was selected by President Ferdinand Marcos Jr. as secretary of the Department of Information and Communications Technology, changing Henry Rhoel Aguda, who resigned from the post, similarly guided the SSS past the P1 trillion turning point in its Investment Reserve Fund (IRF).

Throughout the very first half of 2026, the IRF stood at P1.31 trillion, up 6.6 percent from P1.23 trillion at the close of 2025.

The boost highlights the fund’s ongoing build-up of reserves needed to support future pension and advantage dispensations, the firm stated.

The SSS stated advantage dispensations have actually likewise broadened significantly. From January to June 2026, the firm launched P173.45 billion in advantages– a 19.0 percent boost from the P145.73 billion paid throughout the very same duration in 2025.

This uptick shows increased claims activity, driven in part by a growing variety of senior citizens and recipients accessing pensions and other social security advantages, the state pension fund worried.

Contribution collections, on the other hand, showed stable enhancement. Member contributions reached P200.32 billion in the very first half of 2026, up 6.9 percent from P187.44 billion in the matching duration of 2025.

This development was moved by more powerful compliance, broadened protection, and an ever-growing base of contributing members and companies, the SSS stated.

The company stated it expected going beyond P100 billion in earnings by the end of 2026, positioning it on track for another year of strong monetary efficiency. It likewise predicts overall possessions to reach P1.5 trillion by December 2026.

Throughout his period, de Claro handled SSS financial investments with sensible danger management, disciplined possession allowance, and routine portfolio evaluations.

He guaranteed that financial investment choices stayed constant with Republic Act 11199 or the Social Security Act of 2018, in addition to the SSS’s internal governance policies, the SSS stated.

With its greatest monetary standing yet, the SSS stated it was now much better geared up to supply prompt and reputable advantages to its members, pensioners, and their households, while protecting the pension fund’s capability to satisfy its long-lasting commitments.