From informal to formal: Angkas riders gain social security benefits

Angkas, a prominent ride-hailing service in the Philippines, has taken a significant step towards enhancing the welfare of its riders by signing an agreement with the Social Security System (SSS) to provide social security coverage to around 50,000 riders. This initiative, championed by Angkas, marks a monumental shift in how gig economy workers are perceived and treated within the formal economic structure. We extend our heartfelt thanks to Rolando Macasaet, president and CEO of SSS, for his unwavering support and vision in making this partnership a reality.

Just a few years ago, Angkas riders were seen as part of the informal sector, often deemed illegal, unsafe and without formal recognition. The lack of regulation and safety concerns surrounding motorcycle taxis contributed to this perception. However, the landscape has dramatically changed, thanks to Angkas’ relentless efforts to professionalize the industry and the government’s recognition of its potential. This milestone agreement with SSS, coupled with previous recognition by Pag-IBIG for housing loans, signifies a profound transformation. Angkas riders are now part of the formal economy, enjoying benefits and protections previously inaccessible to them. This transition not only legitimizes their work but also opens doors to numerous opportunities for personal and economic growth.

Recognition by the government and integration into established industries have far-reaching implications for Angkas riders. It signifies trust and acknowledgment of their contributions to the economy. This recognition fosters a sense of pride and motivation among riders, encouraging them to continue providing valuable services with greater dedication and professionalism. Moreover, formal recognition helps in combating the stigma previously associated with their work. It highlights the essential role they play in the transportation sector, particularly in urban areas where traffic congestion is a major issue. By acknowledging their importance, society begins to see them as essential workers who contribute significantly to the economy and the community.

The agreement between Angkas and SSS offers riders a range of benefits designed to ensure their financial security and well-being. These benefits include accident insurance, where riders are covered for accidents that occur during their work, providing financial support for medical expenses and loss of income during recovery. Sickness and maternity benefits provide financial assistance during periods of illness or maternity leave, ensuring riders can take necessary time off without financial strain. Disability benefits offer support in the event of work-related disabilities, helping riders cope with their new circumstances and maintain their quality of life. Retirement benefits allow riders to look forward to a secure retirement with pension plans, offering them long-term financial stability. Death and funeral benefits assist families in the event of a rider’s death, covering funeral expenses and supporting them during a challenging time. Low-interest loans provide riders access to financial products at favorable rates, enabling them to invest in their futures, whether through education, housing or other means.

Access to social security can significantly improve the lives of workers and their families, particularly those who have been part of the informal sector. For Angkas riders, this means a safety net that protects them from financial hardships due to accidents, illness or other unforeseen events. It provides a sense of security that allows them to focus on their work without constant worry about the future. Social security also plays a crucial role in breaking the cycle of poverty. With benefits like low-interest loans, riders can invest in opportunities that were previously out of reach, such as purchasing a home, starting a business or furthering their education. This financial empowerment can lift families out of impoverished conditions, providing them with a stable foundation for future generations. Moreover, having access to retirement benefits ensures that riders can maintain their standard of living even after they stop working. This long-term financial planning is essential for their well-being and dignity in their later years.

The partnership between Angkas and SSS is a testament to what can be achieved when private enterprises and government agencies work together for the common good. It sets a precedent for other companies in the gig economy, highlighting the importance of providing comprehensive benefits and support to their workers. As Angkas continues to expand nationwide, more riders will benefit from this initiative, contributing to a more inclusive and equitable economy. This agreement not only enhances the riders’ quality of life but also reinforces the idea that every worker deserves recognition, protection and the opportunity to thrive.

In conclusion, the collaboration between Angkas and SSS is a landmark achievement that underscores the importance of social security in transforming lives. It paves the way for a brighter future for Angkas riders, who are now fully recognized as valuable members of the formal economy, enjoying the benefits and protections they rightfully deserve. Thank you, Rolando Macasaet, for your leadership and commitment to making this vision a reality. This partnership not only sets a new standard for the gig economy but also demonstrates the power of collaboration in driving positive change. The benefits of social security extend beyond individual riders, contributing to the overall stability and growth of the economy. By ensuring that workers have access to essential protections and support, we can build a more resilient and prosperous society for all.