SSS President and Chief Executive Officer Emilio de Quiros Jr said the 107-percent growth was a result of the P16.37 billion increase in unrealized gains from the mark-to-market value of available-for-sale financial assets of the SSS.
owed the growth in benefit disbursements to streamlined processing of death, disability and retirement claims, and advance payment of six months worth of pensions of members affected by Typhoon Yolanda, it said.
Meanwhile, operating expenses posted a modest rise of 3.8 percent during the six-month period as service improvements and coverage efforts continued, particularly with the establishment of 16 SSS
offices and intensified campaign for new programs.
said only 48.8 percent of the allowed charter limit was utilized for SSS