DoubleDragon Pledges ₱18.2M to Cover SSS Contributions for Informal Workers

DoubleDragon Corp. has committed ₱18.2 million to fully subsidize 12 months of Social Security System (SSS) contributions for 2,000 informal sector workers in Iloilo and Roxas City, the state-run insurer announced over the weekend.

Supporting Informal Workers Through SSS

DoubleDragon signed a memorandum of agreement under the SSS Contribution Subsidy Provider Program (CSPP), which encourages businesses and government entities to help Filipino workers and their families by covering their SSS contributions.

SSS President and CEO Robert De Claro emphasized the impact of the subsidy:
🗣️ “This SSS contribution subsidy will not only support the 2,000 recipients but will also benefit their extended families. It will provide these informal sector workers with the opportunity to join the SSS and gain access to its benefits.”

SSS Contribution Rate Hike

📌 As of January 2025, SSS increased its contribution rate from 14% to 15%.
📌 The minimum monthly salary credit (MSC) rose from ₱4,000 to ₱5,000, while the maximum MSC increased from ₱30,000 to ₱35,000.
📌 These adjustments are expected to generate ₱51.5 billion in additional collections, with ₱18.3 billion allocated to members’ Mandatory Provident Fund (MPF) accounts.

A Step Toward Financial Security

This initiative provides social security protection for self-employed workers, land-based OFWs, and voluntary SSS members, ensuring they have access to retirement, sickness, maternity, disability, and other benefits.