What is the SSS P.E.S.O. Fund and How to Enroll

The SSS P.E.S.O. Fund is a voluntary investment option offered by the Social Security System to members looking to enhance their savings beyond the standard SS contributions. This program is targeted at members below 55 years old, including self-employed, voluntary members, OFWs, and regular employees, who seek additional financial security for retirement, with the added benefit of tax-free and guaranteed earnings.

By investing in the P.E.S.O. Fund, members can expect their contributions to be allocated to accounts catering to retirement, medical needs, and other general purposes, all while taking advantage of compound interest to maximize their savings growth over time.

Credits: SSS

Understanding the P.E.S.O. Fund

The P.E.S.O. Fund, which stands for Personal Equity and Savings Option, is a voluntary investment scheme that Social Security System members can use to complement their regular SS savings. It’s designed to offer an additional layer of security for the future, with tax-free and government-guaranteed benefits.

Who Is Eligible?

Eligibility for the SS P.E.S.O. Fund is open to members under 55 who have made at least six consecutive monthly contributions within the last 12 months. This includes self-employed individuals, voluntary members, overseas Filipino workers (OFWs), and regular employees enrolled in the program.

The Benefits of Joining

Investing in the S.S.S. P.E.S.O. Fund comes with notable advantages:

  • Tax-Exempt Earnings: Your returns are free from taxes, maximizing your savings.
  • Guaranteed Returns: Backed by the government, it offers a stable return based on treasury bond and bill rates.
  • Flexible Saving: Contributions can be made at any time, with a minimum of PHP 1,000 and up to PHP 500,000 annually.

Requirements for Enrollment

  • SS Number: Your unique SS identification number.
  • Valid ID: Any valid identification card recognized by the agency.
  • SS Online Account: Access to the My.SSS portal for online enrollment.
  • Contribution Records: Proof of at least six consecutive months of contributions within the last 12 months.
  • Payment: Initial contribution to the P.E.S.O. Fund, with a minimum of PHP 1,000.

Step-by-Step Enrollment Guide

  1. Check Eligibility: Ensure that you meet the age and contribution requirements.
  2. Go to SSS: Visit the nearest SSS branch or go online to your My.SSS account.
  3. Select P.E.S.O. Fund: Find the option for P.E.S.O. Fund under e-Services.
  4. Proceed with Registration: Complete the necessary steps as directed by the SS portal.
  5. Start Contributing: Make your initial investment and set up a plan for future contributions.

Contribution Mechanics

The P.E.S.O. Fund is an optional way to boost your retirement savings, but it doesn’t replace your regular SS contributions. Here’s why:

  1. Regular SSS is Mandatory: You must continue making your regular SS contributions. These contributions are capped at a specific monthly amount set by the agency.
  2. P.E.S.O. Fund is Extra: Think of the P.E.S.O. Fund as a way to add on top of your regular SS contributions. Once you’ve reached the maximum for your regular contributions, you can then contribute the same amount (or more) to your P.E.S.O. Fund for potentially higher retirement benefits.

How Contributions Work

The P.E.S.O. Fund investment is allocated into three accounts:

  • Retirement/Total Disability: Receiving 65% of your funds, guaranteeing earnings based on 5-year treasury bonds.
  • Medical: Allotted 25% of your contributions, ensuring returns based on 364-day treasury bills.
  • General Purpose: Covering needs like education and housing, 10% of your funds go here, with assured earnings from 364-day treasury bills.

Understanding Withdrawals and Maturity

When you reach retirement age or become permanently disabled, your PESO Fund reaches maturity. This means you can access your savings. You have the option to receive your contributions and earnings in one lump sum, as a monthly pension, or a combination of both.

How to Make Contributions

  1. Check Eligibility: Under 55 and with 6 months of recent SS contributions.
  2. Enroll: Sign up at any SSS branch or possibly online through My.SSS.
  3. Contribute: Anytime, with a minimum of PHP 1,000 and a maximum of PHP 100,000 yearly.
  4. Fund Allocation: Contributions are split into Retirement/Total Disability (65%), Medical (25%), and General Purpose (10%).
  5. Start of Membership: Begins with your first P.E.S.O. Fund contribution.
  6. Contribution Channels: At SSS branches, via GCash, partner banks, or authorized payment centers.

Strategies to Maximize the P.E.S.O Fund

  1. Start Early: Begin saving immediately to capitalize on compound interest.
  2. Contribute Regularly: Make consistent contributions to leverage compounding benefits.
  3. Maximize Contributions: Aim to contribute the maximum allowed to amplify your fund’s growth.
  4. Long-Term Focus: Keep your funds invested and limit withdrawals to preserve the growth momentum.
  5. Diversify Savings: Broaden your investment strategy with options like Pag-IBIG MP2 for a well-rounded portfolio.

P.E.S.O. Fund vs Pag-IBIG MP2 Fund Program


  • Government Guaranteed: Both programs offer government-backed security for your contributions.
  • Tax-Free Earnings: Interest earned in both accounts are not taxed.
  • Enrollment and Payment Options: Both offer online and over-the-counter enrollment, along with multiple payment channels.


  • Eligibility: PESO Fund has stricter age and contribution requirements, while Pag-IBIG MP2 is open to all active members with no minimum income.
  • Contribution Limits: PESO Fund has a higher minimum investment but a lower annual cap. Pag-IBIG MP2 allows for smaller contributions but no maximum limit.
  • Interest Rates: Pag-IBIG MP2 offers historically higher average interest rates.
  • Maturity Period: PESO Fund matures upon retirement, while Pag-IBIG MP2 has a fixed 5-year maturity.
  • Withdrawal Terms: PESO Fund allows partial withdrawals before maturity for specific reasons. Pag-IBIG MP2 allows full or partial withdrawals based on the reason for withdrawal.
  • Suitability: PESO Fund may be better for those nearing retirement seeking lower-risk, guaranteed returns. Pag-IBIG MP2 may be better for those seeking higher returns and more flexibility.

While both PESO Fund and Pag-IBIG MP2 are government-backed savings options with tax-free earnings, they cater to different needs. The SS PESO Fund, ideal for those nearing retirement, prioritizes security with guaranteed returns but lower interest rates. Pag-IBIG MP2 offers potentially higher returns and flexibility with its 5-year maturity and wider contribution/withdrawal options, making it suitable for those comfortable with some risk. Consider your age, risk tolerance, and financial goals when choosing, and consulting a financial advisor is recommended.

Video: Vince Rapisura 841: Ano ang SSS PESO Fund?

In his 841st video, financial vlogger Vince Rapisura delves into the PESO Fund, shedding light on its purpose and benefits. He provides a comprehensive overview, explaining how this fund aims to secure the retirement and savings of Filipinos, while offering potential growth opportunities. With his expertise, Rapisura simplifies the complexities of this fund, making it more accessible to individuals seeking financial stability.


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