Finance veteran Victor Limlingan is new SSS chief
President Marcos has appointed finance and investment veteran Victor Alfonso Limlingan as the new president and chief executive officer of the Social Security System (SSS), with priorities including expanding member loan programs, improving investment returns and relaunching the Pension Booster Program.
Manila, Philippines — President Marcos has chosen finance and investment expert Victor Alfonso Limlingan as the new president and CEO of the Social Security System (SSS). Limlingan's agenda includes broadening member loan programs, boosting investment returns, and reviving the Pension Booster Program. He succeeded Robert Joseph Montes de Claro, who took up a position in the Department of Information and Communications Technology.
The SSS announced that Limlingan's priorities would encompass improving loan programs, enhancing investment returns, and resuming the Pension Booster Program. However, the agency is facing criticism due to substantial "paper" losses of approximately P40 billion in its listed stocks. The SSS clarified that these losses are temporary and the equity investment portfolio has generated P204 billion in realized gains and dividends over the past 57 years.
Limlingan, a former SSC member representing the employers' group, brings a strong background in finance, investment, risk management, entrepreneurship, and public service. He is currently managing director of Regina Capital Development Corp. and has served on the board of the Development Bank of the Philippines, where he chaired the Risk Oversight Committee.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
