SSS to implement second pension hike in 2026

The Social Security System will roll out the second phase of a three-year pension increase for retirement, disability, and survivors' pensions starting in September 2026, without raising contribution rates.

The Social Security System (SSS) is advancing a three-year pension hike initiative. This includes a second wave targeting retirement, disability, and survivors' pensions, scheduled for September 2026. Contribution rates will remain unchanged, ensuring sustained support for members without additional burdens on active workers. The announcement, detailed in a report published on December 30, 2025, outlines key aspects of the program. It addresses the needs of pensioners amid rising living costs in the Philippines.

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French National Assembly chamber during the adoption of the 2026 Social Security budget by 247-232 votes, with PM Lecornu celebrating.
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Assembly definitively adopts Social Security budget for 2026

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The National Assembly adopted the Social Security Financing Bill for 2026 on Tuesday, by 247 votes to 232, marking the first budget validation without using Article 49.3 since 2022. The text includes the suspension of the 2023 pension reform, secured through compromises with the Socialist Party. Prime Minister Sébastien Lecornu's government hails this hard-won victory.

The Japanese government adopted its fiscal 2026 budget bill on Friday, allocating a record ¥39.06 trillion for social security-related expenses, an increase of ¥760 billion from fiscal 2025. This rise reflects growing medical and nursing care costs due to an aging population. However, efforts to ease the health insurance premium burden on the working generation remain limited.

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The Nigerian government has designated 2025 as the Year of Retirement Security for Pensioners, aiming to address key concerns in the pension sector.

As 2026 begins, several benefits will take effect in Chile, including a higher minimum wage and increased pensions to support workers and retirees. These measures aim to ease financial burdens for millions amid economic shifts.

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On Wednesday, November 12, 2025, the French National Assembly will consider a government amendment to suspend the 2023 pension reform, which raises the legal retirement age to 64, until the 2027 presidential election. This measure, included in the 2026 Social Security financing bill, marks a concession to the left to secure the budget. However, La France Insoumise opposes the suspension, demanding full repeal.

Following the fiscal 2026 budget's record ¥39.06 trillion allocation for social security, Japan's government has finalized two key reform measures to curb soaring medical costs, including higher patient copayments and limits on insurance for certain drugs. Officials emphasize the need for clear explanations to secure public understanding.

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Deputies adopted the 'revenues' part of the 2026 social security budget on Saturday, November 8, by 176 votes to 161 with 58 abstentions. This narrow vote allows debates to continue on the 'expenditures' part, which includes suspending the 2023 pension reform. Discussions will run until Wednesday, interrupted by the Armistice on November 11.

 

 

 

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