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The SSS PESO (Personal Equity Savings Option) Fund is a voluntary savings program that members can utilize to augment their retirement benefits from the regular membership. [20] Launched in September 2014, it is a provident fund that gives tax-free returns and it can be made available effective upon the retirement of the members or when certain ...
SSS also have two voluntary saving programs, PESO Fund and Flexi Fund to help prepare their members with a stable income for retirement. Government servants are protected under the Government Service Insurance System or GSIS. Just like SSS, GSIS also provide their members with retirement benefits, life insurance and employee compensation.
It is characterized as the welfare model with the lowest spending, with little investment in social assistance, a more fragmented social security system, and high spending on pensions, making pension benefits greater than unemployment benefits. One of the most particular features of the Mediterranean model is the large role of the family, which ...
The CME FedWatch Tool, which measures market expectations for Fed fund rate changes, projects a 65% chance the Fed will cut rates by a quarter percentage point to a range of 4.25% to 4.50% at its ...
GSIS is also the administrator of the General Insurance Fund by virtue of RA 656 (Property Insurance Law). It provides insurance coverage to government assets and properties that have government insurable interests. It is not possible for non-government employees, self-employed or non-working persons to become members of the GSIS.
Furthermore, 43% of retirees believe their benefits will be cut in the future, while 47% of nonretired adults worry that Social Security won't be able to pay them a benefit at all once they retire.
2014 operation subsidies and program funds that GOCCs received from the national government. GOCCs receive from the government "subsidies" and "program funds". [6] Subsidies cover the day-to-day operations of the GOCCs when revenues are insufficient while program funds are given to profitable GOCCs to pay for a specific program or project.
The CME FedWatch Tool, which measures market expectations for Fed fund rate changes, projects a 99% chance the Fed will cut rates by a quarter percentage point to a range of 4.50% to 4.75% at its ...