Category: SSS Information


Jul 12a

The Social Security System (SSS) recently announced the availability of its Online Appointment System.  SSS welcomes members who are retiring or have retired from their private employment and wish to file their claims to use the appointment system in creating their schedule to visit an SSS office.  This will help them escape the long lines of SSS members transacting at the different branches, enabling them to accomplish their purpose with less hassle and wait time.

This facility is available for members who have:

  • An existing My.SSS account but could not file their retirement claim online.
  • At least 120 monthly contributions prior to the semester of the month of submission of the retirement application.
  • At least sixty (60) years old and separated from employment or has ceased to be self-employed except for underground/surface mineworker or racehorse jockey.
  • Already applied for retirement benefit but still has to submit additional documentary requirements.

The Online Appointment System is dedicated to retirees who are unable to file their retirement claims online.

If you still do not have My.SSS online account, you can create one by visiting the SSS website at www.sss.gov.ph.  You may also call the SSS Call Center at 02-920-6446 to 55 or email member_relations@sss.gov.ph.

Source: www.sss.gov.ph

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June 14

My brother’s SSS account has been in question for quite a few years now due to a salary loan that has remained unpaid since 2009.  I told him about the ongoing loan restructuring program being offered by the SSS and advised him to take some time off from work so he can visit an SSS office and have his loan reviewed.  Problem is, he works for an international firm that requires him to travel out of the city, and sometimes out of the country, most of the time.  On the days that he is in Manila, he spends most of his time in the office catching up on his reports and other paper works.  Next week, he is scheduled to travel to Beijing and will not be back until September.

So how does one take advantage of the SSS Loan Restructuring Program if he is almost always out of the country, works abroad, or for some reason, is not able to physically visit an SSS office?

Good thing the SSS now accepts Letter of Authority from the applicant so he or she can simply send someone else to file his application through a representative.  All he has to do is send an email to the SSS informing the department that he intends to have his loans reviewed through a representative.

How does this work?  Read this!

Requirements for the Authorized Representative:

  1. Email request of the member-borrower.
  2. Scanned copy of the Letter of Authority.
  3. Scanned copy of two valid identifications cards of the member-borrower.
  4. Photocopies of two valid IDs of the authorized representative.
  5. Printed email showing both email addresses of the member-borrower and of the authorized representative.

Authorized representatives may also do the following in behalf of the member-borrower:

  1. Accomplish the LRP application form.
  2. Sign in “Conforme” portion of the Statement of Loan Balances for LRP and Disclosure Statement.
  3. Sign the promissory note.
  4. Receive the Notice of Approval.
  5. Pay the restructured loan based on the agreed term.

How about OFW members who also wish to avail of the SSS Loan Restructuring Program?

OFW members may personally file their applications at any SSS office in the country (if they are home) or have their spouse or relative file this for them.  If he or she is going to send a representative to do this for him, he needs to execute a Special Power of Attorney or SPA.

  1. The representative must bring two valid IDs, with one or both showing the representative’s signature and photo.
  2. Fill-out the Loan Restructuring Application form (MLP-01263) with black ink (only).
  3. Secure a copy of the Statement of Loan Balance for Loan Restructuring Program; you can get this at the nearest SSS branch in your area.
  4. Accomplish an Affidavit of Residency that will prove that you live or work in an area that is declared to have been under a state of calamity. Have the affidavit notarized. This is no longer required for members who already have a Calamity Loan or Salary Loan Early Renewal Program (SLERP).
  5. Submit all duly accomplished application forms and other requirements at the nearest SSS office or Foreign Office (if OFW is filing abroad).

The SSS has made the Loan Restructuring Program more accessible to everyone, so make sure to grab this opportunity to straighten out your loan accounts with the department.  This will help secure your future claims from the SSS, including and most especially, your pension.

Have a great day!

 

Reference: www.sss.gov.ph

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Apr 26

Female SSS members are entitled to maternity benefits.  Whether she is an employed member or is voluntarily contributing to the system, she must be granted the necessary financial support as her privilege under the SSS, provided she meets the basic documentary and contribution requirements of the system.

How does one compute for her SSS maternity benefit and how do you determine if the member is qualified?

1. IMPORTANT TERMS USED IN SSS MATERNITY BENEFITS

a. Quarter – refers to THREE CONSECUTIVE months ending in March, June, September, and December.

Examples are:

  1. January, February, and March
  2. April, May, and June
  3. July, August, and September
  4. October, November,  and December.

 

b. Semester – refers to TWO CONSECUTIVE quarters

Examples are:

  1. January to March and April to June – that is one semester.
  2. July to September and October to December – that is one semester.
  3. April to June and July to September – that is one semester.
  4. October to December (of the current year) and January to March (of the following year) – that is one semester.

 

c. Semester of Contingency – refers to two (2) consecutive quarters ending in the quarter of contingency.

Example:

  • If the month of delivery or miscarriage is May, the quarter of contingency covers the months of April, May, and June.
  • While the Semester of Contingency covers the months of January, February, March, April, May, and June.

d. Monthly Salary Credit or MSC – refers to the compensation base related to your total earnings for the month.  You may refer to the SSS contribution table we shared in this post (hyperlink to 2018 SSS contribution table).

Example: If you are earning P8,300 per month, your MSC is P8,500.

 

2. Maternity Benefit Computation

Example: If the member will give birth on June 2018:

  • Exclude the semester of delivery so that:
    • The applicable quarter covers the months of April, May, and June.
    • The semester of contingency covers the months of January to June 2018.

Therefore, you must exclude January to June 2018 from the computation.

  • Count 12 months backward starting from the month immediately before the semester of delivery.
    • If June 2018 is the expected month of delivery, count backwards to December to January 2017.
    • To qualify, the member needs to have at least three posted contributions during the January to December 2017 period.
  • Identify three up to six highest MSCs from January 2017 to December 2017.  Example, if the six highest MSCs are P15,000 and P16,000, add them to get the total salary credit:

15,000 + 15,000

15,000 + 16,000

16,000 + 16,000

= P93,000 – Total Monthly Salary Credit (MSC)

  • Divide the total MSC by 180 days to get the average daily salary credit:

P93,000/180 days = P516.67 – This now is your Daily Maternity Allowance.

  • From your Daily Maternity Allowance of P516.67, multiply by the applicable number of days of your delivery type:
    • Normal delivery – 60 days
    • Caesarian section – 78 days

P516.67 * 60 days (normal delivery) = P31,000.20

P516.67 * 78 days (caesarian section) = P40,300.26

 

Reminders when claiming your maternity benefit:

  • The SSS Maternity Benefit is only applicable to the first four deliveries, including miscarriages.
  • If you are employed member, the benefit will be paid to you in advance by your employer.
  • If you are self-employed, separated and voluntary members, the benefit will pay the benefit directly to you after delivery, provided that your Maternity Reimbursement Claim was duly approved.
  • Make sure that you have submitted a Maternity Notification to your Employer (if employed) or directly to the SSS (if self-employed, voluntary member, or separated from employment). Failure to advise SSS of your pregnancy may cause delays or even disqualification from claiming your benefit.
  • Always make sure that your SSS contributions are complete, up-to-date, and accurate in order to avail of SSS benefits.

 

Source: http://www.sss.gov.ph

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Apr 25

Female SSS members, whether under the employed or voluntary (self-employed) status, must notify SSS right away in order to ensure that they are given the proper maternity benefits.  Employed members may course the notification through their employers, while voluntary members still need to go to the nearest SSS office.

One of the prevalent reasons why a self-employed member is not able to receive her maternity benefits is because she failed to provide the proper advice to the SSS.  To avoid this from happening to more women, the SSS launched a new program that made the advisory process so much easier and convenient for its members!

Introducing the maternity notification through the Text-SSS service!

How does this work?  Read on.

  1. You need to register for the Text SSS service by typing SSS REG <SSNUMBER><BDAYmm/dd/yyyy> and send to 2600.
  2. Submit your Maternity Notification by typing SSS MATERNITYNOTIF <SSNumber><PIN><Expected Delivery Date MM/DD/YYYY><Total Number of Pregnancies (including your current pregnancy)> send to 2600

Example:

SSS MATERNITYNOTIF 3379137342 1234 10/15/2018 2

You still need to submit documentary proofs of your pregnancy along with the filing of your Maternity Reimbursement, after you have given birth.

Text to Text SSS are charged according to network rates.  For Globe/Touch Mobile and Smart subscribers, the per text charge is P2.50.  Sun Cellular subscribers are charged P2.00 per text.

 

Reference:

www.sss.gov.ph

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Apr 10

We asked several SS members who have outstanding loan balances with the agency why they chose to ignore the loan condonation program of the SSS last year.  Most of them said that they do not see the need to settle their obligation since the money they borrowed was actually taken from their own SS contributions.

Is this the right concept when it comes to settling obligations with government agencies such as the Social Security System?

Last week, we featured the benefits of availing the loan condonation program offered by the SSS to members who failed to update their accounts.  Today, we will be sharing the 7-step process that you need to follow when availing the program.  We hope that we are able to encourage everyone to grab this opportunity offered by the SSS to update delinquent accounts and save your future claims from the SSS.

How to apply for the SSS Loan Condonation Program?

  1. Secure updated Statement of Loan Balance for Loan Restructuring Program (2 copies) from the nearest SSS office.
  2. Accomplish an Affidavit of Residency attesting residence/work address in a covered calamity area when the calamity/disaster happened. Member-borrower with Calamity Loan or Salary Loan Early Renewal Program (SLERP) and Death Benefit filer need not accomplish an Affidavit of Residency.
  3. Fill out the Loan Restructuring Application Form (MEL-01368) in one copy.
  4. If member-borrower is personally applying for the restructuring, present original copy of valid identification cards/documents.
  5. If a representative is filing for the restructuring program (on behalf of the member), he or she must submit the following:
  • Letter of authority – original copy.
  • Photocopies of two (2) valid identification cards each of the member-borrower and the filer, at least one (1) with photo and both with signature.  Present both original copies of the identification.
  1. Submit the form to the nearest SSS branch or Foreign Office with the Statement of Loan Balance for Loan Restructuring Program signed in the “conforme” portion and the notarized Affidavit of Residency (if applicable).
  2. For the Death, Total Disability, or Retirement (DDR) filer who will avail of the Loan Restructuring program, submit this Loan Restructuring Application form, Statement of Loan Balances for Loan Restructuring program together with the DDR claim application.

Necessary Forms

You may download the forms from these links:

  1. SSS Loan Restructuring Program Application Form
  2. Affidavit of Residency
  3. Letter of Authority (if the application will be filed by a representative 

Terms and Conditions:

  1. Eligibility
  2. The loan/s must be past due for a period of at least six (6) months as of the first day of restructuring period.
  3. The member-borrower must be:
  1. Living or working in calamity/disaster declared areas as of disaster date or as of application date.  “Living” shall refer to the home address of the member-borrower;
  2. Must be under 65 years old at the end of the installment term;
  3. Has not been granted any final benefit, i.e. total permanent disability or retirement;
  4. Has not been disqualified due to fraud committed against the SSS;
  5. Member-borrowers with final benefits application (Death, Total Disability, Retirement) whose contingency date is on or before the last day of the availment period of the restructuring program.  Said final benefit claim must be filed within the availment period.
  1. Areas Covered

For covered short-term loan programs, below is the list of covered calamities or disasters declared by NDRRMC as under the state of calamity:

  1. Ondoy (2009)
  2. Sendong (2011)
  3. Pedring and Quiel (2012)
  4. Pablo (2012)
  5. Labuyo (2013)
  6. Maring (2013)
  7. Santi (2013)
  8. Armed Conflict in Zamboanga City (2013)
  9. Earthquake in Bohol and Cebu (2013)
  10. Yolanda (2013)
  11. Agaton (2013)
  12. Glenda (2014)
  13. Mario (2014)
  14. Ruby (2014)
  15. Seniang (2015)
  16. Lando (2015)
  17. Nona (2015)
  18. Lawin (2016)
  19. Nina (2016)
  20. Earthquake in Surigao del Norte (2017)
  21. Earthquake in Leyte (2017)
  22. Armed Conflict in Marawi City (2017)
  23. Urduja/Vinta (2017)
  24. Mayon Volcano Eruption (2018)

2. Restructured Loan Amount

The sum of principal and accrued interests of all past due short-term loans of the member-borrower shall be consolidated into one Restructured Loan (RL1).

Payment Terms

  1. Full Payment – payable within 30days from the approval date of restructuring application.
  2. Installment Payment – payable in equal monthly amortization based on payment range as follows:
RL1 Range (Sum of Principal and Interest) Number of Months to Pay
P2,000 to P18,000 12 months
P18,000.01 to P36,000.00 24 months
P36,000.01 to P54,000.00 36 months
P54,000.01 to P72,000.00 48 months
More than P72,000.00 60 months

The member-borrower may elect his preferred payment term but not to exceed five years.

Interest Rate and Penalty

  1. For installment term, RL1 shall be subject to an interest rate of 3% per annum computed on a diminishing principal balance over the applicable payment term.
  2. A penalty of 0.5% shall be charged against the amortization due for every month unpaid during the RL1 term.

Due Dates and Manner of Payment

  1. Monthly installment shall be due for payment every 10th day of the month following the amortization month. Amortization shall start on the month immediately following the approval date of the Restructured Loan.

Example:

  • Restructured Loan Approval Month: April
  • 1st amortization month: May
  • 1st installment amortization is due on June 10.
  1. Payment shall be made through any SSS branch with teller facilities or authorized collection agents of the SSS.

 

Conditional Condonation

Penalties shall be condoned after full payment of outstanding principal and interest of RL1 within the approved term.  The balance of RL1 should be zero at the end of the term.  Otherwise, the unpaid principal of RL1 and the proportionate balance of condonable penalty shall become part of a new principal under Restructured Loan 2 (RL2).

Interest Rate After Term Expiry

After the term of RL1 expires and the loan remains outstanding, the new principal balance under RL2 shall henceforth be charged with an interest rate of 10% per annum until fully paid.

Other Terms

  1. While the Restructured Loan is existing or outstanding, the member-borrower cannot avail other SSS short-term loan programs including Educational Assistance Loan Program.
  2. The member-borrower may avail of SSS short-term loan program after six (6) months from the date of full payment of the Restructured Loan.
  3. Once the member-borrower availed of this loan restructuring program, he/she is disqualified from availing of any future loan condonation/restructuring programs of SSS.
  4. In case of member-borrower’s death, total disability, or retirement, the total loan obligation or any unpaid amount of the loan as well as the interest and penalty shall be deducted from the final benefits.

Source: http://sssinquiries.com/loan/how-to-apply-for-sss-loan-restructuring-program-2018/

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Mar 27

On Monday, April 2, 2018, the Social Security System (SSS) will once again open its doors to members who with unpaid obligations with the agency.  This is another opportunity that the state-run pension  fund is extending to members to allow them to settle overdue loans and regain their good standing with the SSS to avoid problems with their claims later on.

Who can benefit from this offer?

The SSS will condone penalties of member borrowers, making special mention of those who were affected by the Marawi siege and Mayon Volcano eruption.

How will members benefit from the program?

Members with delinquent accounts will not have the opportunity to settle their overdue loan principal and interests – in full payment or through installment basis – with respect to the SSS’ terms, depending on the member’s capacity to pay.

Whether the member is paying in full or through installment basis, the SSS will waive the loan penalties after the member has completed payment for the restructured loan.

Below is a summary of the program’s provisions, for reference:

  • Past due payments for the following loans:
    • Salary loan
    • Emergency loan
    • Old educational loan
    • Study Now, Pay Later Plan
    • Voc-tech loans,
    • Y2K loans,
    • Investments Incentive Loan
    • Other loans that were past due for at least six months as of April 2, 2018.
  • An interest rate of 3% will be implemented for restructured loans.
  • Penalties will be condoned upon full payment, with option to renew the loan after six months.
  • Members will be back to “good standing” with the SSS, be able to apply for new loans, and be assured of fully enjoying their final benefit claims in the future.
  • Members who were granted condonation in the last loan restructuring program of the SSS will no longer be accommodated.

Visit the nearest SSS branch office in your area now to know more about this offer.  The SSS Loan Restructuring Program will be available until October 1, 2018.

Reference: www.sss.gov.ph

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Mar 08

As an SSS member, you are entitled to retirement benefits as soon as you hit your 60s.  This can be a lump sum amount that you can use to start a small business, or go on a trip as a reward to yourself.  Or you can choose to receive a monthly pension, as if you are still being salaried monthly by an employer.

Can you at least have a ball park figure of how much pension you can expect to receive from the SSS later on?  You may still have about 40 years ahead of you before you hit your 60s but it won’t hurt to get a glimpse.  This way, you can think of alternative ways to secure your finances when you finally become a Senior Citizen.

SSS follows three formulas when computing for a member’s pension.  Keep in mind too that the amount of your pension will largely depend on the salary you received during your employment years, and the amount of contribution you religiously remitted to the system.

If your monthly salary is P30,000.00 and you decide to retire at the age of 60, and you have a total of 30 years of employment behind you with 30 years’ worth of contributions, your pension will be based on whichever amount is higher based on the following calculations:

Example: Average total contribution is P1,790.00 x 30 years x 12 months = P644,400.00

a. The sum of P300 + 20% of average MSC + 2% of the average MSC for each credited year of service in excess of 10 years.

P300 + 20% (AMSC) + 2% (AMSC) for each year of service in excess of 10 years

P300 + (P16,000*20%) + (P16,000 *2%*20 years)

P300 + P3,200 + P6,400

Pension: P9,900.00

 

b. 40% of the AMSC

P16,000 * 40%

Pension: P6,400.00

 

c. P1,200 if the CYS is at least 10 but less than 20; or P2,400 if the CYS is 20 or more.

Pension: P2,400 since you have more than 20 CYS.

Given the above, the retiree will be granted the P9,900 pension as it is the highest value yielded by any of the formulas.

Remember that you shall qualify as a pensioner only if you have contributed at least 120 months or 10 years to the SSS.  If not, you shall be granted a lump sum amount equivalent to your total contribution plus interests.

Most of us may still have about 20 or so years to go before we start thinking about retiring and claiming our monthly pension; but if we start right now, we would be reaping the rewards in due time.  It is our responsibility to ourselves and our families to secure our future and make sure that we shall be properly compensated for all the hard work.

One way to monitor the timely and proper posting of your contributions is by creating an online SSS account.  This way, you can check all the details of your SSS account even without going to an SSS office.

 

Reference: http://www.sss.gov.ph

 

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Mar 07

Getting sick is inevitable.  Whether you are an employee, a business person, or a stay-at-home parent, you will eventually have to take some rest to recuperate from a viral or bacterial infection.  Other times, you might get injured at work and will need some time off to heal and rehabilitate before you are able to go back to your normal daily routine.

The good news is, if you are a member of the SSS, you are entitled to sickness benefits to help you defray expenses when your capacity to earn is lessened due to being confined in bed, a wheelchair, or a hospital.

How to know if you are qualified for SSS Sickness Benefits?

  1. You have to be an SSS member.
  2. You have been sick or are injured and unable to work; you have been confined in a hospital or at home for at least 4 days.
  3. Your contributions are updated or have at least paid three months of monthly contributions before your illness or injury.
  4. All your “leave with pay” credits have been used up.
  5. Your employer is duly notified of your sickness or injury; if unemployed, voluntary, or self-employed, you must have notified SSS prior to claiming.

If your answer to all five qualifiers is “yes”, you can proceed to the nearest SSS branch to apply for the sickness benefit.

How do I notify the SSS about my illness or injury?

For EMPLOYED members:

An employed member must advise his or her employer within five calendar days of his sickness or injury.  It is the employer’s obligation to advise SSS of the employee’s condition.

  • Should you fail to notify your employer within the five-day timeframe, your confinement will be considered to have started five days before you notified him.
  • If the employer fails to notify the SSS within the five-day timeframe, your employer will be compensated only for each day of confinement from the 10th calendar day prior to notifying SSS.
  • If you notified your employer but he failed to notify the SSS and as a result, your benefits were denied, he or she must not be able to recover your daily sickness allowance.

For SELF-EMPLOYED members:

You must notify the SSS within five days after getting sick or injured.  If you are confined in a hospital, you have one year to notify the SSS.

What are the requirements when filing?

For EMPLOYED members:

Submit the following to your HR or to your company’s representative to SSS:

  1. Duly accomplished sickness notification.
  2. Identification card/s and documents (ex: PSA birth certificate)
  3. Medical documents, if any.

If the claim is work-related (or if you incurred the sickness or injury at work):

  1. Accident/sickness report from the employer, if work-connected; and
  2. Police Report (for a vehicular accident with third party involvement);
  3. Photocopy of employer’s logbook.

In case of prolonged confinements or sickness, original/certified true copy of the following:

  • Laboratory, X-ray, ECG, and other diagnostic results.
  • Operating room/clinical records that will support the diagnosis.

In case of sickness that occurred while on strike/shutdown, the member will file the necessary documents directly at the SSS.  He or she must submit the above requirements, including the following:

  • Certificate of Notice of Strike issued by the DOLE.
  • Certificate of Foreclosure.
  • Certification from the DOLE that the employee or employer has a pending labor case.
  • Certificate of Non-advancement of Payment from Employer.

For SELF-EMPLOYED Members:

  1. Duly accomplished Sickness Benefit Application (SBA)
  2. If filed by the member, present original of any one (1) of the primary ID cards/documents or two (2) secondary ID cards/documents, both with signature and at least one (1) with a photo.
  3. If filed by member’s representative:
    1. Original of any one of the Authorized Representative’s primary ID cards/documents or two secondary ID cards/documents, both with signature and at least one with a photo.
    2. Original of any one of the Member’s Primary ID cards/documents or two secondary ID cards/documents, both with signature and at least one with a photo.
  4. In case of prolonged confinements or sickness, original/certified true copy of the following:
    1. Laboratory, X-ray, ECG and other diagnostic results.
    2. Operating room/clinical records that will support the diagnosis.

How much will I receive from the SSS?

The amount you will receive will be equal to 90& of your average daily salary credit.  For example: if your average daily credit is Php 1,000, then you will receive Php 900 per day of sickness or confinement.

If you are an employed member, your employer should give you the sickness benefit in advance.

The sickness benefit is granted up to a maximum of 120 days in one calendar year.

 

Reference: http://www.sss.gov.ph

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Mar 03

Every member of the SSS is entitled to benefits and privileges and you do not necessarily have to wait until your retirement age before you take advantage of these.  One such privilege is applying for a salary loan to help you during emergencies such as home repair expenses, hospitalization, and new home appliances.  Applying for an SSS salary loan is quick and easy, especially if you have an online SSS account.

Here are the facts you need to know:

How much can you loan from the SSS if it is your first time to apply?

No two SSS members have the same exact loanable amounts; this will depend on the member’s contributions.  Your loanable amount is the average of the last 12-month salary credits (MSC).

Example:

If you are consistently paying the minimum monthly contribution of P110 with an equivalent MSC of P1,000, your loanable amount is P1,000.

If you are consistently paying the maximum monthly contribution of P1,760 with an equivalent MSC of P16,000, your loanable amount is P16,000.

The maximum loanable amount is P32,000.

How would I know if I am qualified to avail the salary loan?

A member is qualified to apply for a salary loan if he or she has paid at least 36 monthly contributions and has at least six posted monthly contributions within the last 12 months before filing the application.

If you have completed 36 months of contributions but not more than 72 monthly contributions, you will be entitled to one-month salary loan; but if you have paid at least 72 monthly contributions, you are entitled to a two-month salary loan.

I am employed and would like to apply for a salary loan with the SSS.  Should I apply through my employer or do I have the option to go directly to SSS?

A certification for the loan is required of employed members; therefore, if you are employed, you must apply through your employer.  The monthly payments will be automatically deducted from your salary and remittances will be facilitated by your employer.

I am compelled to resign from my job but I still have an outstanding loan with the SSS.  What will happen to my loan after I resign?

The employer will deduct the full balance from the proceeds of the employee’s benefits from the company; the employer shall remit the amount to the SSS.  In case the employee’s separation benefits cannot cover the full amount of the loan, the employer must report the details of the employee’s resignation to the SSS, including the full amount of unpaid loan balance.

I am a freelancer but I would like to get a salary loan from the SSS; what are the requirements and how do I apply?

The same requirements apply for freelance SSS members:

  1. The member should have paid at least 36 monthly contributions and has at least 6 posted monthly contributions within the last 12 months before the month of filing of the application.
  2. A member who has paid at least 36 months but not more than 72 monthly contributions is entitled to a one-month salary loan while those with at least 72 paid monthly contributions are entitled to a two-month salary loan.

If you are not employed by a company, you may simply file your salary loan at any SSS branch.  Fill-out an application form and photocopy your SSS ID or UMID, or any two valid IDs.

How will the proceeds of my loans be released to me?

The SSS will send a check in your name to your employer. You may have to fill out a few more documents, depending on your employer’s requirements.  Otherwise, you may just have to return the voucher attached to your check to your employer to serve as their record of your loan.  Your loan payments will be automatically deducted from your monthly salary.

You may renew your loan after paying at least 50% of your salary loan.  It is advisable that you keep an online account with the SSS so you can keep track of your payments.

If you have any questions regarding your SSS membership, send us a message and we will do our best to find the answers for you.

Reference: www.sss.gov.ph

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Mar 02

Norma worked as a private school teacher for 35 years.  Before she reached her 60th birthday, her husband advised her to begin working on her SSS retirement documents just to get a head start.  She was both sorry and thankful that she did; sorry because she discovered a problem that could cost her her entire old age pension, thankful because she discovered it before she actually filed for her retirement.

You see, Norma has had 2 sets of SSS numbers all her life and she didn’t know about it until she personally visited an SSS office to ask for a list of requirements when filing for pension claims.  Apparently, Norma applied for her very first SSS number immediately after graduating from college in 1980.  However, she did not immediately begin contributing to the SSS until two years after when she landed her first job as a teacher.  From 1980 to 1982, she tended their family’s business at the Divisoria and was salaried by her father through commissions.  She did not pay income tax or contributed to SSS during these two years of employment.

When she was hired to teach at the private school in their province, she was requested to fill-out several forms, including Pag-IBIG and SSS application forms.  Unmindful of the pile of documents she had to accomplish, Norma simply supplied all needed information and dutifully submitted these to their HR, completely forgetting that she had already applied for an SSS number two years ago.  She was issued her SSS and PagIBIG numbers, through her employer, and she contributed to both agencies every month through salary deduction.

Now that she is applying for her retirement claims, she was advised by the SSS personnel that there are two sets of SSS numbers assigned to her name.  The first one was assigned to her in April 1980 while the other one was activated in March 1982.  Thankfully, her contributions are intact but are all reflected under the second SSS number.  However, due to this discrepancy, her application for retirement pension may have to be put on hold.

What happens when a person has more than one set of SSS numbers?

An individual’s SSS number is his lifetime identity under the system; all his contributions, loans, and other SSS transactions will be reflected under his number.  Having more than one record with the SSS will surely cause delays in claiming one’s benefits such as his old age pension.

What must you do when you realize you have more than one set of SSS numbers?

The SSS recommends that you file the necessary report with the SSS as soon as you discover that you have more than one set of SSS numbers.

These are the steps in reporting the double assignment of SSS numbers:

  1. Visit the nearest SSS branch and bring a copy of your PSA birth certificate or Baptismal Certificate.
  2. Request for a blank sheet of COV-01205 or the Request/Verification Form.  Check the appropriate box (request the cancellation of multiple social-security numbers) and supply the rest of the information being asked for.
  3. Check the box indicating the consolidation of contributions.  This is especially applicable if the member has had contributions under his original SSS number and the succeeding SSS number/s assigned to him due to multiple registration.
  4. As a matter of procedure, the first number that is reported with contributions is the number that is retained.  In Norma’s case, since she did not make any contributions after she was assigned her first SSS number, it is most likely that her second SSS number will be retained.
  5. The process of consolidating all contributions and cancellation of the other SSS number takes at least a month to complete.  You will receive a letter from the SSS when the process has been completed.  Only then can you begin working on filing the documents for your claim (pension, death, etc.).

The SSS has upgraded their system so that members can create an account through the SSS website where they can view their contributions and apply updates to their personal information online.  If you still do not have an online SSS account, it may be best to create one now so you can easily check the details of your SSS membership and other important information about your claims and benefits, without having to go to an SSS office.

If you have questions about SSS, send us a message and we will do our best to find the answers for you.

Reference: www.sss.gov.ph

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