Social Security System (Philippines)
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Social Security System (Philippines)
The Social Security System (SSS; fil, Paseguruhan ng Kapanatagang Panlipunan) is a state-run, social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954. This law was later amended by Republic Act No. 8282 in 1997. Government employees, meanwhile, are covered under a separate state-pension fund by the Government Service Insurance System (GSIS). History President Manuel Roxas, to give relief to the people who were facing difficulties in the post-war period, called on the legislators to create a social security program in his State of the Nation Address in January 1948 but he died without passing the bill. On July 7, 1948, President Elpidio Quirino succeeded Roxas and created the social security study commission through Executive Order No. 150. The commission drafted the Social Security Act that was submitted to Congress. In 1954, ...
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Quezon City
Quezon City (, ; fil, Lungsod Quezon ), also known as the City of Quezon and Q.C. (read in Filipino as Kyusi), is the List of cities in the Philippines, most populous city in the Philippines. According to the 2020 census, it has a population of 2,960,048 people. It was founded on October 12, 1939, and was named after Manuel L. Quezon, the List of presidents of the Philippines, second president of the Philippines. The city was intended to be the Capital of the Philippines, national capital of the Philippines that would replace Manila, as the latter was suffering from overcrowding, lack of housing, poor sanitation, and traffic congestion. To create Quezon City, several barrios were carved out from the towns of Caloocan, Marikina, San Juan, Metro Manila, San Juan and Pasig, in addition to the eight vast estates the Philippine government purchased for this purpose. It was officially proclaimed as the national capital on October 12, 1949, and several government departments and i ...
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Rodrigo Duterte
Rodrigo Roa Duterte (, ; born March 28, 1945), also known as Digong, Rody, and by the initials DU30 and PRRD, is a Filipino lawyer and politician who served as the 16th president of the Philippines from 2016 to 2022. He is the chairperson of PDP–Laban, the ruling political party in the Philippines during his presidency. Duterte is the first president of the Philippines to be from Mindanao, and is the oldest person to assume office, beginning his term at age 71. Born in Maasin, Leyte (now in Southern Leyte), Duterte moved to Davao as a child where his father, Vicente Duterte, served as provincial governor. He studied political science at the Lyceum of the Philippines University, graduating in 1968, before obtaining a law degree from San Beda College of Law in 1972. He then worked as a lawyer and was a prosecutor for Davao City, before becoming vice mayor and, subsequently, mayor of the city in the wake of the 1986 People Power Revolution. Duterte won seven terms and s ...
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Financial Services Companies Established In 1997
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of Production (economics), production, Distribution (economics), distribution, and Consumption (economics), consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in Financial system, financial systems at various scopes, thus the field can be roughly divided into Personal finance, personal, Corporate finance, corporate, and public finance. In a financial system, assets are bought, sold, or traded as Financial instrument, financial instruments, such as Currency, currencies, Loan, loans, Bond (finance), bonds, Share (finance), shares, Stock, stocks, Option (finance), options, Futures contract, futures, etc. Assets can also be Bank, banked, Investment, invested, and Insurance, insured to maximize value and minimize loss. In practice, Financial risk, risks are alway ...
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Benjamin Diokno
Benjamin Estoista Diokno (born March 31, 1948) is a Filipino economist currently serving as the 32nd Secretary of Finance under the administration of President Ferdinand "Bong Bong" Marcos Jr. since June 30, 2022. He previously served as Secretary of Budget and Management under the administration of President Rodrigo Duterte from 2016 to 2019, and under President Joseph Estrada from 1998 until the latter's ouster in 2001.Benjamin Diokno curriculum vitae
He also served as the of the

Carlos Dominguez III
Carlos "Sonny" García Domínguez III (born September 16, 1945) is a Filipino businessman and former chief executive of Philippine Airlines who served as the Secretary of Finance under the Duterte administration. He had previously held the position of Secretary of Agriculture and Minister of Natural Resources under the Corazon Aquino administration. Prior to his appointment to President Duterte's Cabinet, he had served as executive director of PTFC Redevelopment Corp., as independent director of Alsons Consolidated Resources, and as director of United Paragon Mining Corp. His family owns Marco Polo Hotel in Davao City, one of the top hotels in southern Mindanao. Early life and education Domínguez comes from a prominent Zamboangueño family in Davao City. Born on September 16, 1945, in Zamboanga, he is the son of Carlos Domínguez II and Virginia Ubeda García. His grandfather Carlos Domínguez Sr. was a pre-World War II manager of the Bank of the Philippine Islands (BPI) in ...
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Manila
Manila ( , ; fil, Maynila, ), officially the City of Manila ( fil, Lungsod ng Maynila, ), is the capital of the Philippines, and its second-most populous city. It is highly urbanized and, as of 2019, was the world's most densely populated city proper. Manila is considered to be a global city and rated as an Alpha – City by Globalization and World Cities Research Network (GaWC). It was the first chartered city in the country, designated as such by the Philippine Commission Act 183 of July 31, 1901. It became autonomous with the passage of Republic Act No. 409, "The Revised Charter of the City of Manila", on June 18, 1949. Manila is considered to be part of the world's original set of global cities because its commercial networks were the first to extend across the Pacific Ocean and connect Asia with the Spanish Americas through the galleon trade; when this was accomplished, it marked the first time in world history that an uninterrupted chain of trade routes circling ...
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Romulo Neri
Romulo Neri (born 1 February 1950) is a Filipino educator and public servant. He held several high-ranking government positions such as Secretary of Socio-Economic Planning and concurrently Director-General of the National Economic and Development Authority (NEDA), acting Secretary of Department of Budget and Management (DBM), Chairperson of the Commission on Higher Education and President of Social Security System under former President Gloria Arroyo. He is also involved in the controversial NBN–ZTE scandal involving corruption in the Philippine National Broadband Network project. Background Neri was born on February 1, 1950, currently residing at #28 Palali, Sta. Mesa Heights in Quezon City. He finished his B.S. in business administration (magna cum laude and class valedictorian), major in marketing, from the University of the Philippines Diliman in 1970. Neri pursued his Master of Business Administration (MBA) degree from the University of California, Los Angeles (U ...
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Employment
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wages, which can be paid on the basis of an hourly rate, by piecework or an annual salary, depending on the type of work an employee does, the prevailing conditions of the sector and the bargaining power between the parties. Employees in some sectors may receive gratuities, bonus payments or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, disability insurance. Employment is typically governed by employment laws, organisation or legal contracts. Employees and employers An employee contributes labour and expertise to an endea ...
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OFWs
An overseas Filipino ( fil, Pilipino sa ibayong-dagat) is a person of full or partial Filipino origin—i.e., people who trace back their ancestry to the Philippines but living or residing outside the country. This term generally applies to both people of Filipino ancestry and citizens abroad. As of 2019, there were over 12 million Filipinos overseas. Population Since the liberalization of the United States immigration laws in 1965, the number of people in the United States having Filipino ancestry has grown substantially. In 2007, there were an estimated 12 million Filipinos living overseas. The U.S. Census Bureau 2007 American Community Survey counted 3,053,179 Filipinos; 2,445,126 native and naturalized citizens, 608,053 of whom were not U.S. citizens. In 2013, the Commission on Filipinos Overseas (CFO) estimated that approximately 10.2 million people of Filipino descent lived or worked abroad. This number constitutes about 11 percent of the total population of the P ...
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State Of Calamity
A state of emergency is a situation in which a government is empowered to be able to put through policies that it would normally not be permitted to do, for the safety and protection of its citizens. A government can declare such a state during a natural disaster, civil unrest, armed conflict, medical pandemic or epidemic or other biosecurity risk. ''Justitium'' is its equivalent in Roman law—a concept in which the Roman Senate could put forward a final decree (''senatus consultum ultimum'') that was not subject to dispute yet helped save lives in times of strife. Relationship with international law Under international law, rights and freedoms may be suspended during a state of emergency, depending on the severity of the emergency and a government's policies. Use and viewpoints Though fairly uncommon in democracies, dictatorial regimes often declare a state of emergency that is prolonged indefinitely for the life of the regime, or for extended periods of time so that ...
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Unemployment Benefits In The Philippines
Unemployment benefits in the Philippines are payments made by the government to unemployed people. The unemployment benefits provided by the Philippine government is sourced either from the country's Social Security System (SSS) or the Government Service Insurance System (GSIS). Private sector The Social Security Act of 2018 mandates the government to provide unemployment benefits to private sector employees who were involuntarily separated from employment. Unemployment benefit is also referred to as unemployment insurance or involuntary separation benefit. The payments are sourced from the country's Social Security System (SSS). The benefits are not dispensed as a loan and thus does not incur additional fees to the claimant. Until 2018, there was no unemployment benefit scheme for private employees. The Social Security Act of 1954 has provisions related to unemployment benefits but the provisions were included without prior study on the solvency of the then to be established socia ...
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Fidel V
Fidel most commonly refers to: * Fidel Castro (1926–2016), Cuban communist revolutionary and politician * Fidel Ramos (1928–2022), Filipino politician and former president Fidel may also refer to: Other persons * Fidel (given name) Film * ''Fidel'' (2002 film), a 2002 mini-series by David Attwood about Castro * ''Fidel'' (2009 film), a 2009 Filipino indie film * '' Fidel: The Untold Story'', a 2001 a documentary about Castro Other uses * Fidel, a writing system used in Ethiopia and Eritrea, see Ge'ez script * Vielle, a musical instrument and forerunner of the fiddle * Fidel (imprint), an imprint of VDM Publishing devoted to the reproduction of Wikipedia content See also * Fidèle (other) Fidèle or Fidele may refer to: * Fidèle (album), ''Fidèle'' (album), a 1981 album by Julio Iglesias * Fidèle (dog) (2003–2016), a yellow Labrador and tourist attraction in Bruges, Belgium * Bourg-Fidèle, a commune in the Ardennes department ...
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