Discover the Three Major Pension Funds in the Philippines
Learn about the three main pension funds in the Philippines: SSS, GSIS, and Pag-IBIG Fund.
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The three pension funds in the Philippines are the Social Security System (SSS), which covers private sector employees, the Government Service Insurance System (GSIS) for public sector employees, and the Pag-IBIG Fund (Home Development Mutual Fund), which focuses on providing housing loans and savings schemes for all workers.
FAQs & Answers
- What is the Social Security System (SSS) in the Philippines? The Social Security System (SSS) is a government agency that provides social insurance programs for private sector employees, offering benefits like retirement, disability, and maternity.
- How does the Government Service Insurance System (GSIS) work? The Government Service Insurance System (GSIS) provides insurance coverage and pension benefits for government employees in the Philippines.
- What benefits does the Pag-IBIG Fund offer? The Pag-IBIG Fund offers savings programs and affordable housing loans to Filipino workers, aimed at promoting homeownership.
- Who can join the Pag-IBIG Fund? All workers in the Philippines, whether employed or self-employed, can join the Pag-IBIG Fund to save and access housing loans.