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However, its implementation was delayed by objections made by business and labor groups. It was only in 1957 bills were presented in Congress creating the Republic Act No. 1792, amending the original Social Security Act. On September 1, 1957, the Social Security Act of 1954 was finally implemented under Carlos P. Garcia's term (Magsaysay died March that year).[1]
On September 7, 1979, the Presidential Decree No. 1636 amended the Republic Act No. 1161 and extended compulsory coverage to people who identified as self-employed. The new rules which took effect on January 1, 1980.[5][6] New rules allowed farmers and fisherfolks to be included in the coverage in 1992 and the year after, household helpers earning at least ₱1,000 monthly. The SSS, on 1995, covered laborers in informal sector earning the same wage monthly.[3]
On May 1, 1997, President Fidel V. Ramos signed Republic Act No. 8282, also known as Social Security Act of 1997. The law amended the SSS[7] and provided better benefit packages, expansion of coverage, flexibility in investments, stiffer penalties for violators of the law, condonation of penalties of delinquent employers, and the establishment of a voluntary provident fund for members.
SSS transferred the administration of its Medicare program, which gave benefits for the healthcare purposes of members, to the Philippine Health Insurance Corporation (PhilHealth) when Republic Act No. 7875 or the National Health Insurance Act of 1995 was enacted.[8] In 2017, about 2.2 million people receiving pension from the SSS saw their take-home benefits increased by ₱1,000 with the approval of President Rodrigo Duterte.[9]
Starting with a fund of ₱500,000 from the government, SSS' total assets grew to ₱474.7 billions and served 34.2 million members in 2016.[1] In 2018, the Republic Act No. 11199 or the Social Security Act of 2018 was passed, providing mandatory inclusion of Filipinos working domestically and internationally
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