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SSS defends equity bets as COA flags paper losses
Philippine Daily InquirerPhilippines · ASIA
MANILA, Philippines — The Social Security System (SSS) has maintained that its paper losses reflect temporary declines in its investments’ value, citing P204 billion in realized gains and dividend inc...
MANILA, Philippines — The Social Security System (SSS) has maintained that its paper losses reflect temporary declines in its investments’ value, citing P204 billion in realized gains and dividend income over the past 57 years. In a statement, SSS responded to news reports showing that the Commission on Audit (COA) had flagged a 245-percent surge in paper losses to nearly P40 billion in 2025 from P11.6 billion in 2021, amid the “lack of formal stop-loss thresholds necessary to trigger corrective actions and protect the Investment Reserve Fund.” READ: SSS eyes global market as investments reach P1.27T “The SSS clarified that a […]...
Keep on reading: SSS defends equity bets as COA flags paper losses
Keep on reading: SSS defends equity bets as COA flags paper losses