MANILA — Social Security System (SSS) pensioners can expect a 10% rise in their monthly retirement and disability pensions starting September 2026 as part of the agency’s three-year pension reform program.

The program, which began in 2025, grants pension increases every September until 2027. In addition to the 10% hike for retirement and disability pensioners, death and survivorship pensioners will see their monthly pensions rise by 5% this September, based on records as of August 31, 2026.

The final year of the three-year reform, in September 2027, will implement another 10% increase for retirement and disability pensioners and an additional 5% for death and survivorship pensioners. By the end of the program, pensions are expected to grow by roughly 33% for retirement and disability pensioners and 16% for death and survivorship pensioners.

The SSS estimates that about 3.9 million pensioners will benefit from the program.

The agency said the increases will be implemented “without raising the contribution rate because of the pension fund’s strong financial performance.”

In 2025, the SSS reported that its reserve fund surpassed P1 trillion, with total assets rising 22.1% to P1.261 trillion from P1.033 trillion in 2024. Net income also hit a record high of P142.97 billion, up 58.4% from P90.248 billion the previous year. Total revenues amounted to P460.61 billion, with P377.6 billion coming from member contributions, up 15.6% from 2024. Investment income rose by 5.1% to P83.161 billion.

Total expenditures in 2025 reached P317.791 billion, up 9.8% from P289.371 billion in 2024, with P304.983 billion spent on benefits payments. The remaining P12.808 billion went to operating expenses, which the SSS said are capped at 12% of contribution collections and 3% of other income, such as investments and loans.