SSS funds are workers' trust funds

"THE FUNDS contributed to the SOCIAL SECURITY SYSTEM (SSS) are not only IMBUED WITH PUBLIC INTEREST, they are part and parcel of the fruits of the workers’ labors pooled into ONE ENORMOUS TRUST FUND UNDER THE ADMINISTRATION OF THE SYSTEM designed to insure against the vicissitudes and hazards of their working lives. In a very real sense, the trust funds are the workers’ property which they could turn to when necessity beckons and are thus more personal to them than the taxes they pay. It is therefore only fair and proper that charges against the trust fund be STRICTLY SCRUTINIZED for every lawful and judicious opportunity to keep it intact and viable in the interest of enhancing the WELFARE OF THEIR TRUE AND ULTIMATE BENEFICIARIES."


EN BANC, G.R. No. 149240, July 11, 2002

SOCIAL SECURITY SYSTEM, petitioner,
vs.
COMMISSION ON AUDIT, respondent.


https://lawphil.net/judjuris/juri2002/jul2002/gr_149240_2002.html