The Social Security System (SSS) in the Philippines has introduced a major update to its benefit programs in 2025, unveiling new grants and pensions that aim to enhance the retirement savings and security of Filipino workers.
One of the most notable developments is the replacement of the Worker’s Investment and Saving Program (WISP) and WISP Plus with a new initiative: MySSS Pension Booster Program.
This new program not only improves returns on savings but also broadens accessibility and sustainability for pensioners and contributors. Here’s everything you need to know about the latest offerings from Social Security System in 2025.
What Is the MySSS Pension Booster Program?
The MySSS Pension Booster is a non-taxable, enhanced savings program introduced in 2025. It is designed to provide contributors with better returns and improved retirement security compared to its predecessors:
| Program Name | Estimated Annual Return |
|---|---|
| WISP | 5.33% |
| WISP Plus | 6.87% |
| MySSS Pension Booster | 7.2% |
This new pension scheme is an optional, voluntary savings option aimed at workers who want to invest more toward retirement while enjoying tax-free benefits. Participants will be able to grow their contributions with competitive interest rates over time.
SSS Contribution Rate 2025
To support the pension enhancements, the Social Security System increased the mandatory contribution rate to 14% of the monthly salary credit. Here’s how it’s divided:
- Employee Share: 4.5%
- Employer Share: 9.5%
This rate is crucial for calculating the total pension benefits and eligibility under various programs, including the MySSS Pension Booster.
Eligibility for New SSS Grants and Pension
To benefit from the new grants and pensions, applicants must meet certain eligibility criteria defined by Social Security System:
General Requirements:
- Must be at least 60 years old (for retirement pension)
- Must be a permanent resident of the Philippines with valid ID and documentation
- Should not have an alternative source of income exceeding the SSS limit
- Must have sufficient contribution history based on Social Security System rules
Meeting these requirements is essential for accessing retirement, disability, and death benefits under the new 2025 programs.
Payment Dates for 2025
The Social Security System pension disbursements are typically made on the last business day of each month. Here are the expected dates for key upcoming payments:
| Month | Expected Payment Date |
|---|---|
| May 2025 | May 28 & May 31 |
| August 2025 | August 30 |
| September 2025 | September 28 |
Note: If any payment date falls on a holiday, the disbursement may be made on the previous business day.
Payouts are sent directly to registered bank accounts. For those without one, payments may be issued via cheques or alternate methods.
How to Apply for the New SSS Grants
Here’s a step-by-step guide for applying to the MySSS Pension Booster or other 2025 grants:
1. Register on the SSS Website
- Log in or create an account using your Social Security System number.
2. Submit Application Form
- Download and fill out the required form for the pension or grant program.
3. Attach Required Documents
- Provide necessary documents like:
- Valid ID
- Proof of age
- SSS contributions summary
- Proof of residence
- Birth certificate
Once submitted, applicants can monitor their application status online or by contacting Social Security System officials.
Important Reminder for Employees
Engaging in dual employment (working for two companies simultaneously without disclosure) is against Social Security System rules. Employees caught doing this risk:
- Termination from employment
- Loss of Social Security System benefits
- Legal penalties
If you hold multiple jobs, ensure all are reported to SSS and your employers to avoid issues with contribution tracking and benefit disbursements.
The SSS New Grants 2025 and the launch of the MySSS Pension Booster represent a strong step forward in strengthening the financial future of Filipino workers.
With higher returns, flexible investment options, and an improved contribution system, the Social Security System aims to offer better retirement outcomes for millions of citizens.
Eligible individuals are encouraged to explore these benefits and register early to secure their future.
FAQs
Who can apply for the MySSS Pension Booster?
Any SSS member with valid contributions and proper documentation can opt-in voluntarily for this enhanced savings program.
When will I receive my pension payout in 2025?
Payouts are generally made at the end of each month. The Social Security System will confirm the specific dates each quarter.
What happens if I don’t have a bank account?
You will receive your pension via cheque or other government-approved disbursement methods.