Philippine E-Journals

The Financial Consolidation of the Social Security System, Government Service Insurance System and Home Development Mutual Fund: A Means to Increase Monetary Benefits to Beneficiaries

Perlie Ang | Maximo Chiongson | Benigno Tobias | Yuh Wenyu

Discipline: Economics, Business

 

Abstract:

This study is about the consolidation of the Social Security System (SSS), Government Service Insurance System (GSIS) and the Pag-IBIG Fund or Home Development Mutual Funds (HDMF). The major objectives of the study are to find out whether a consolidated social security system is applicable to the Philippines at present. It also attempts to study the present system of the three social security agencies concerned; to find out the advantages of such a consolidated system; and to test the significance of the answer of member-respondents of SSS, GSIS and Pag-IBIG Fund.