The Social Security System (SSS) announced on Wednesday that it is expecting to add P60 million to its collections this year with the opening of its newest branch in Northern Luzon.
SSS Vice President for Luzon Operations Group Josie Magana said they are anticipating improved earnings from collections particularly in the Ilocos area with the opening of a branch in Stern Mall, San Nicolas in Candon City, Ilocos Sur.
She said the new SSS Candon branch would increase their total collections by about P60 million this year.
The SSS Candon branch is projected to cater to 100,000 potential members, 85 percent of whom will be voluntary members and self-employed individuals primarily engaged in the cottage and farming industries.
The branch will cover the City of Candon and 17 municipalities of Ilocos Sur, namely: Alilem, Gregorio del Pilar, Lidlidda, San Emilio, Sigay, Sugpon, Suyo, Banayoyo, Burgos, Galimuyod, Salcedo, San Esteban, Sta.Cruz, Sta.Lucia, Sta.Maria, Santiago, and Tagudin.
According to Magana, the branch used to be a service office located at the Candon Municipal Hall before it moved to a larger space and turned into a fully operational branch this year.
The SSS, she added, is increasing its presence all over the country to make SSS transactions easier and more convenient to members.
“This also affords more segments of society immediate access to social security,” Magana said.
The SSS now has 17 foreign and 241 local offices, including the seven other new branches it recently opened in Molo, Iloilo; Malanday-Marikina; Batasan Hills, Quezon City; Bocaue, Bulacan; Sta. Rosa, Laguna; Eastwood, Quezon City; and San Jose, Nueva Ecija.
“The SSS will continue to open more branches—in fact, we’re opening 16 more offices later this year,” Magana said.
Total contributions collected by the state-run entity for the first eight months of the fiscal year showed a 17.9-percent growth translating to collections P12.09 billion higher than the figures recorded during the same period in 2013.