SSS inaugurates Batasan Hills Branch

Social Security System (SSS) President and Chief Executive Officer Emilio S. de Quiros Jr and Quezon City District 2 Representative Winston T. Castelo formally opened the SSS Batasan Hills branch on August 13, 2014.
The new branch located at the Lower Ground Floor of Diliman Commercial Center at Commonwealth Avenue in Diliman, Quezon City was opened to members in May 2014 as part of the agency’s plan to expand further its network by setting up additional branches, particularly in major cities and business districts with a high demand for SSS transactions. Batasan Hills Branch is the 16th SSS office opened this year.
Witnessing the event are (from L-R) SSS Branch Evaluation and Services Department Head Gloria Y. Cuisia, Batasan Hills Branch Project Officer Leonora S. Nuque, Assistant Vice President for North Division Leticia G. Barbers, Vice President for Luzon Operations Josie G. Magana, Diliman Commercial Center Building owner Arsenio N. Tanco, and SSS Senior Vice President for NCR Operations Jose A. Bautista. SSS PR Batasan Hills

OFW members earn P16.4-M from SSS Flexi-Fund savings

More than 35,000 Overseas Filipino Workers (OFWs) registered with the Social Security System (SSS) received a total of P16.4 million as income on their savings under the SSS Flexi-Fund Program.
SSS Senior Vice President and International Operations Division Head Judy Frances A. See said Flexi-Fund accounts in 2013 earned P7.24 million in annual incentive benefits (AIBs) on top of the P9.16 million credited as guaranteed earnings, thus bringing the Fund’s effective rate of return to 4.2 percent for the year.
The total AIB, which amounted to 79 percent of total guaranteed earnings, was distributed to the accounts of qualified members on July 31, 2014.
“The Flexi-Fund program remains to be a profitable investment instrument available for OFWs wanting to increase their private savings and retirement income,” See said. “Aside from enjoying the benefits of a risk-free investment, they may also get an additional income at the end of the year.”
Flexi-Fund savings are invested in fixed-income government securities and earn interest based on the average rates of SSS’ short-term placements or 91-day treasury bills, whichever is higher.
“In 2012, the SSS revised the program’s policies to help OFW members earn more from their Flexi-Fund savings. Prior to that, there were no AIBs and the 91-day treasury bill rate was the sole basis for determining Flexi-Fund’s guaranteed earnings,” See said.
The official explained that AIBs may be declared depending on the Flexi-Fund’s actual year-end income. Individual Flexi-Fund accounts of qualified active OFW members (or those with no full withdrawals and benefit claims within the applicable year) will be automatically credited with AIBs based on the member’s share to total Flexi-Fund equity.
As of 2013, members’ equity stood at P391.86 million with the maximum AIB amount of P57,098 credited to a member’s account.
“We encourage our OFW Flexi-Fund members to keep their savings intact to maximize the returns on their investments. They will get higher earnings in interest and AIB amount if they save more,” See said.
Launched in 2001, the Flexi-Fund program is a voluntary provident fund and pension-plan scheme offered exclusively to OFW members. It allows OFW members to build up additional funds, which they may use upon retirement or to supplement their benefits under the regular SSS program.
OFW members paying the maximum contribution amount, which is currently P1,760, are qualified to join the program. Any amount, not less than P200, paid in excess of the required P1,760 is automatically credited as Flexi-Fund savings.

SSS’ Public Holiday Office Closure

All offices of the Social Security System (SSS) nationwide will be closed for the holidays

on August 21, Thursday (Ninoy Aquino Day) and August 25, Monday (National Heroes
Day).

Also, SSS branches and service offices within Quezon City, and in the provinces of
Quezon and Aurora will not be open on Tuesday, August 19, in observance of Republic
Act 6741, which commemorates the birth anniversary of former President Manuel L.
Quezon.

SSS members with inquiries regarding their loans and benefit claim applications may
check its status with their My.SSS accounts. The SSS Hotline will be temporarily
unavailable to members on the abovesaid dates.

Celine Dion Live In Manila (CANCELLED)

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You deserve to watch live the World’s Greater Diva Is Finally  Coming to Manila! Celine Dion Live on November 29, 2014 at Mall Of Asia Arena.

Section
Type of Seating
Price
VIP
Reserved
Php 26,990.00
PATRON
Reserved
Php 17,490.00
LOWER BOX
Reserved
Php 12,210.00
UPPER BOX
Reserved
Php 5,870.00
GENERAL ADMISSION
Reserved
Php 2,700.00
PREMIERE SUITE
Free Seating
Php 0.00
 

CELINE DION LIVE IN MANILA

CELINE DION
LIVE IN MANILA

29 NOVEMBER 2014   SATURDAY   8:00PM
MALL OF ASIA ARENA

For more information, call 470-2222

http://www.smtickets.com.

http://www.mallofasia-arena.com