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The Social Security System ( SSS; Filipino: 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.
The Government Service Insurance System ( Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a government-owned and controlled corporation (GOCC) of the Philippines. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance institution that provides a defined ...
The Unified Multi-Purpose ID (UMID) is a Philippine identity card which was introduced in 2010.  The card was developed as a single card for the relations between several government-related agencies. The agency responsible for implementation is the Social Security System (SSS), and also Government Service Insurance System (GSIS), Philippine ...
In the Philippines, a government-owned and controlled corporation ( GOCC ), sometimes with an "and/or",  is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.
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The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG ( Pagtutulungan sa Kinabukasan, Ikaw, Bangko, Industriya at Gobyerno) Fund, is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable shelter financing for Filipinos.
The average monthly Social Security benefit for November 2022 was $1,551.  The total cost of the Social Security program for the year 2021 was $1.145 trillion or about 5 percent of U.S. GDP.  Social Security is funded primarily through payroll taxes called Federal Insurance Contributions Act (FICA) or Self Employed Contributions Act (SECA).