📋 Tender Overview
The Social Security System or SSS encourages members to have additional savings through the Workers Investment and Savings Program or WISP Plus. This is offered by the agency to help members have additional savings and income other than the prepared basic security and retirement benefits. According to SSS Luzon Central 1 Division Vice President Vilma Agapito WISP Plus is open to self-employed and voluntary members who can start with an amount of five hundred pesos. SSS contributions and savings are definitely safe and secure because it is guaranteed by the government as well as tax-free and has a higher interest rate compared to keeping it in banks. The agency also allows the member to withdraw part of the WISP Plus savings in case of sudden need or emergency. Interested members can join WISP Plus by accepting the programs terms and conditions using a My.SSS account. Meanwhile the agency also has WISP which is also a provident fund program that is reserved for members who cooperate with employers in making contributions particularly members whose monthly salary credits exceed 20000 pesos. Eligible employee members can start WISP savings for 70 to 1400 pesos. The agency previously had a voluntary provident fund program the Flexi Fund Program for Overseas Filipino Workers which is now extended to all members through WISP and WISP Plus.
