Manila, July 31 -- State-run Social Security System (SSS) said it will implement a Pension Reform Program which features a structured, three-year pension increase for all of its pensioners.

In a statement Thursday, SSS said the increase is in line with the directive of President Ferdinand R. Marcos Jr.

It aims to uplift all pensioners through inclusive benefit adjustments, help them recover inflation, and promote the value of working and saving.

The increases will be implemented in three annual tranches every September.

Retirement and disability pensioners as of Aug. 31 this year will have a 10 percent increase starting September.

Death or survivor pensioners will also have a 5 percent increase in pension.

Pensioners as of Aug. 31, ...