SSS (Social Security System): The SSS is a government-run program that provides social insurance to private sector workers. It offers various benefits, including retirement, disability, maternity, sickness, and death benefits. Employers and employees contribute to the SSS, ensuring that members receive financial assistance in times of need. The SSS also offers salary loans and housing loans to eligible members.
Pag-IBIG Fund: The Pag-IBIG Fund, or the Home Development Mutual Fund, is a government program aimed at providing affordable housing solutions to Filipinos. It operates a national savings program and offers housing loans to its members. Contributions to the Pag-IBIG Fund come from both employees and employers. Members can avail of short-term loans, calamity loans, and multi-purpose loans in addition to housing loans. The Pag-IBIG Fund is instrumental in helping Filipinos achieve homeownership and financial stability.
