MANILA – President Ferdinand R. Marcos Jr. on Wednesday urged the leadership of the Social Security System (SSS) and Government Service Insurance System (GSIS) to uphold the integrity of public pension funds and ensure investments are made wisely and responsibly.
Speaking at the SSS’s 68th anniversary and launch of the 2025 Pension Reform Program, Marcos emphasized that the pension institutions hold the trust of millions of hardworking Filipinos.
“Huwag nating kalimutan na ang bawat kontribusyon ng ating mga miyembro ay bunga ng kanilang pagsisikap at sakripisyo (Let us not forget that every contribution from our members comes from their hard work and sacrifice),” Marcos said.
“Kaya naman, tungkulin nating siguraduhin na sa oras ng kanilang pangangailangan ay naroon tayo, handang umalalay at magbigay ng ginhawa sa kanila (It is therefore our duty to ensure that when the time comes, we are there to support and bring comfort to them).”
GSIS provides social security coverage to state workers, while SSS covers private sector employees.
The President’s remarks came after the reported investment losses incurred by GSIS, particularly involving ventures in online gaming operations — a controversial issue that has sparked concerns over the safety and appropriateness of public fund placements.
Without directly naming the incident, Marcos made a clear call for caution, urging both pension funds to invest wisely and modernize their systems and streamline processes, especially in remote areas where access to services remains limited.
“This is why I direct the leadership of these two institutions to guard this trust with the highest integrity and vigilance,” Marcos said.
“So, invest wisely. Modernize your systems and make your processes efficient. Ensure that your services are easier to reach, be it through digital platforms or help desks and kiosks, even in the most remote areas. Make sure your services are available whenever the need arises, wherever the need arises.”
“Let us protect the lifetime of work that our pensioners have built for themselves and for our country,” he went on. (PNA)