State-run pension fund Social Security System said over the weekend it disbursed over P17 million worth of annual incentive benefit under the Flexi-Fund program in 2017 to its more than 47,000 overseas Filipino workers members.
SSS president and chief executive Emmanuel Dooc said in a statement the disbursement to qualified OFWs increased 12 percent to P17.38 million in 2017 from P15.5 million in 2016.
He also said the number of qualified OFWs with active accounts under the SSS Flexi-fund program in 2017 rose 9.9 percent to 47,284 from the 43,035 over the same period in 2016.
“It is worth noting that our OFWs are making use of the Flexi-Fund program wherein they can invest their savings which will yield higher returns compared from saving it in the bank for a period of time. As Senator Richard Gordon kept on saying during our charter amendment hearing, one should ‘Save, Invest and Prosper’,” Dooc said.