THE Social Security System (SSS) saw their bottom line in 2023 grow high than its target.

The private sector workers’ pension fund said that they booked a net income of P83.13 billion last year.

This surpassed the P51.06-billion target by 62.8%.

According to the SSS, their earnings had exceeded the P52.60-billion net income seen in 2022.

Likewise the SSS's P83.13-billion profit in 2023 was also the highest net income attained by the pension fund.

“Our revenue in 2023 grew by 15.6% to P353.82 billion from P306.16 billion in the previous year,” said SSS president and CEO Rolando Macasaet.

“Our record-high net income last year shows that we continue to strengthen our finances through programs and policies that increase new paying members and strengthen collection efforts,” said Macasaet.