Record P5.95B in pension loans released in ‘22: SSS

The Social Security System (SSS) on Tuesday said it released P5.95 billion in pension loans in 2022, the highest annual disbursement for the Pension Loan Program (PLP) since it started in 2018.

In a statement, SSS president and CEO Rolando Macasaet said that pension loans released last year nearly doubled the P3.08 billion released in 2021.

“From January to December 2022, the SSS has disbursed a monthly average of P495.77 million pension loans benefiting 10,660 retiree-pensioners, which is 93% higher than its corresponding monthly average in 2021 of P257.01 million to 5,753 retiree-pensioners,” Macasaet said.

“We are delighted that we have assisted many of our retir-