Tag Archive: Social Security System


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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10 - 03

If you want to get updates on a loan or claim you filed at the SSS but do not have the means or time to call their hotline, you can text them instead!

The Text-SSS facility is now made available for SSS members on-the-go, allowing them to inquire about their contributions and claims status without having to call the SSS hotline.  We summarized the how-to’s and other interesting updates from this facility for everyone’s information.  If you have not tried this new service from the SSS yet, you can start today by registering your SS number using your mobile phone!

What is Text SSS?

Text-SSS facility is a text-based information service that allows a member to inquire about the number of his/her contributions, loan application status, loan balance, status of benefit claim, document requirements in filing benefit claim and membership registration, change in member record, SSS branch location and feedback on SSS concern through short messaging service (SMS)s.

How can a member register?

A member can register by creating a message using the format below and sending it to 2600.

Type: SSS REG <SSNumber> <BDAYmm/dd/yyyy> send to 2600

Upon successful registration, the system will send a text message informing the member of his/her unique system-generated Personal Identification Number (PIN), which will be required in inquiries sent to the Text-SSS facility (2600).

Service fee is P2.50 for Globe and Smart subscribers, P2.00 for SUN subscribers.

How can one inquire about his/her contributions, loan status, and loan balance?

To inquire:

On Contributions, type: SSS CONTRIB<SSNUMBER><PIN> send to 2600

On Loan Status, type: SSS LOANSTAT<SSNUMBER><PIN> send to 2600

On Loan Balance, type: SSS LOANBAL<SSNUMBER><PIN> send to 2600

To retrieve PIN, type: SSS RESET<SSNUMBER><BDAYmm/dd/yyyy> send to 2600

Other services:

To know the different commands, key in: SSS HELP send to 2600

To send feedback: <SSnumber><concerns/inquiries/complaints> send to 2600

To know the nearest SSS branch: SSS BRANCH<city> or <postal code> send to 2600

To get requirements on SSS ID: SSS ID send to 2600

To get requirements for OFWs: SSS OFW send to 2600

To get requirements for voluntary member: SSS VOL send to 2600

To get requirements for self-employed: SSS SELF send to 2600

To get requirements for change in membership data: SSS CHANGE send to 2600

To check status of claim:

SSS STATUS Sickness <SSNUMBER><PIN> send to 2600

SSS STATUS Maternity <SSNUMBER><PIN> send to 2600

SSS STATUS Disability <SSNUMBER><PIN> send to 2600

SSS STATUS ECMed <SSNumber><PIN> send to 2600

SSS STATUS Retirement <SSNUMBER><PIN> send to 2600

SSS STATUS Death <SSNUMBER><PIN> send to 2600

SSS STATUS Funeral <SSNUMBER><PIN> send to 2600

To inquire about documents required in filing benefit claims, key in:

SSS DOC Sickness send to 2600

SSS DOC Maternity send to 2600

SSS DOC ECMed send to 2600

SSS DOC Disability send to 2600

SSS DOC Death send to 2600

SSS DOC Funeral send to 2600

For retirement less than 65 years old, key in:

SSS DOC Retirement send to 2600

For retirement with minor dependent, key in:

SSS DOC Retirement Minor send to 2600

Sources:

www.sss.gov.ph

www.facebook.com/SSSPh

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08 - 16

The SSS Calamity Loan is a special privilege offered by the SSS to members who reside, work, or have properties in areas declared by the government to be under a state of calamity.  This type of loan is not open to all and not readily available unless the government and SSS come to an agreement during emergency situations.  What SSS members can truly count on are the following benefits that are automatically available to members with updated contributions and loans.

For your ready reference, below is a summary of SSS benefits that every member can enjoy:

TYPE OF BENEFIT QUALIFYING CONDITIONS AMOUNT OF BENEFIT
SICKNESS

A daily cash allowance paid for the number of days a member is unable to work due to sickness or injury.

  • The member is unable to work due to sickness or injury and is confined either in a hospital or at home for at least four days.
  • He/she has paid at least three months of contributions within the 12-month period immediately before the semester of sickness or injury.
  • He/she has used up all company sick leaves with pay for the current year and has duly notified his/her employer; or
  • He/she must notify the SSS directly by filing a sickness benefit application if he/she is separated from employment, a self-employed or voluntary member, including overseas Filipino worker OFW) members.
  • The amount of the member’s daily Sickness Benefit allowance is equivalent to 90% of his/her average daily salary credit (ADSC).
  • The Sickness Benefit is granted up to a maximum of 120 days in one calendar year.
Maternity

A daily cash allowance granted to a female member who is unable to work due to childbirth or miscarriage.

  • The member has paid at least three months of contributions within the 12-month period immediately before the semester of her childbirth or miscarriage.
  • If employed, she must have given notification of her pregnancy through her employer, or
  • She must directly notify the SSS if she is separated from employment, a self-employed or voluntary member, including OFW-member.
  • The amount of the daily Maternity Benefit allowance is equivalent to 100% of her ADSC, multiplied by 60 days in case of normal delivery/miscarriage/ ectopic pregnancy without operation/H-mole, or by 78 days for caesarean section delivery/ ectopic pregnancy with operation.
  • The Maternity Benefit is granted up to the first four deliveries or miscarriages only.
Disability

A cash benefit granted – either as a monthly pension or a lump sum amount – to a member who becomes permanently disabled, either partially or totally.

  • The member has paid at least one month contribution before the semester of disability.
  • To qualify for a monthly disability pension, he/she must have paid at least 36 monthly contributions prior to the semester of disability.
  • If with less than 36 monthly contributions, he/she is granted a lump sum amount.
  • If qualified, the member is granted a monthly Disability Pension, plus a P500 monthly Supplemental Allowance.
  • The lowest monthly Disability Pension is P1,000 if the member has less than ten credited years of service (CYS); P1,200 if with at least ten CYS, and P2,400 if with at least 20 CYS.
Retirement

A cash benefit granted either as a monthly pension or a lump sum amount to member who can no longer work due to old age.

  • The member is at least 60 years old (optional retirement), separated from employment or has ceased to be self-employed; and has paid at least 120 monthly contributions prior to the semester of retirement; or
  • The member is 65 years old (mandatory retirement), whether employed or not; and has paid at least 120 monthly contributions prior to the semester of retirement.
  • To qualify for a monthly retirement pension, the member must have paid at least 120 monthly contributions prior to the semester of retirement.
  • If with less than 120 monthly contributions, he/she may be granted a lump sum amount, but will also be given the option to continue paying contributions to complete the 120 months to become eligible for monthly pension.
  • If qualified, the member is granted a monthly Retirement Pension, plus a 13th month pension payable every December.
  • The retiree has the option to receive the first 18 months pension in lump sum, discounted at a preferential rate of interest to be determined by the SSS. This option can be exercised only upon filing of the first retirement claim, and the Dependent’s Pension and the 13th month pension are excluded from the advanced 18 months pension.
  • If the member has dependent minor children, they are given a Dependent’s Pension equivalent to 10% of the member’s monthly pension or P250, whichever is higher.  Only 5 minor children, beginning from the youngest, are entitled a Dependent’s Pension. No substitution is allowed.
  • The lowest monthly Retirement Pension is P1,200 if the member has 120 monthly contributions or at least 10 CYS; or P2,400 if with at least 20 CYS.
Death

A cash benefit granted – either as a monthly pension or a lump sum amount – to the beneficiaries of a deceased member.

  • A monthly death pension is granted to primary beneficiary (legitimate spouse until he/she remarries, and dependent legitimate, legitimated or legally adopted, and illegitimate children)of the deceased member who had paid at least 36 monthly contributions prior to the semester of death.
  • A lump sum amount is granted to the primary beneficiary if the deceased member had less than 36 monthly contributions.
  • If there are no primary beneficiaries, the member’s secondary beneficiaries (dependent parents) shall be given a lump sum amount.
  • If qualified, the member’s primary beneficiary is granted a monthly Death Pension, plus a 13th month pension payable every December.
  • If the member has dependent minor children, they are given a Dependent’s Pension equivalent to 10% of the member’s monthly pension or P250, whichever is higher. Only 5 minor children, beginning from the youngest are entitled to Dependent’s Pension.  No substitution is allowed.
  • The lowest monthly Death Pension is P1,000 if the member had less than 10 CYS; P1,200 if with at least 10 CYS; and P2,400 if with at least 20 CYS.
Funeral

A cash benefit given to whoever paid for the burial expenses of the deceased member.

  • The employee-member was reported for coverage by his/her employer;
  • A self-employed member/OFW/non-working spouse who had at least 1 contributor payment;
  • A voluntary member who was previously covered either as employed/self-employed/OFW and had at least one contribution/payment.
  • The Funeral Benefit is a variable amount ranging from a minimum of P20,000 to a maximum of P40,000, depending on the member’s paid contributions and CYS.
Employees’ Compensation Program (EC)
  • Cash benefit for temporary sickness or disability, permanent partial or total disability, and death.
  • Medical services, appliances, and supplies
  • Rehabilitation Services
  • The EC Program aims to assist those who suffer from work-connected sickness or injury resulting in disability or death. Starting June 1984, the benefits under the EC Program may be enjoyed simultaneously with benefits under the Social Security Program, thus, allowing double compensation for covered members who suffer work-related contingencies.  All SSS-registered employers and their employees are compulsorily covered under the EC Program and need not register again under the EC.
Salary Loan

A cash loan granted to an employed, currently-paying self-employed or voluntary member.  It is intended to meet the member’s short-term credit needs.

  • An employed, currently-paying self-employed or voluntary member who has six posted monthly contributions within the last 12 months prior to the month of filing of loan application.
  • For one-month loan, the member must have 36 posted monthly contributions prior to the month of filing of application.
  • For two-month loan, the member must have 72 posted monthly contributions prior to the month of filing of loan application.
  • If employed, the member’s employer must be updated in the payment of contribution and loan remittances.  The member must also be updated in the payment of other loans with SSS.
  • A one-month loan is equivalent to the average of member’s last 12 monthly salary credits (MSCs), or the amount applied for, whichever is lower.
  • A two-month loan is equivalent to twice the average of the member’s last 12 MSCs posted, rounded to the next higher MSC, or the amount applied for, whichever is lower.
  • The loan shall be charged an interest rate of 10% per annum until fully paid, based on diminishing principal balance, and shall be amortized over a period of 24 months.
  • If the loan is not fully paid at the end of the term, interest shall continue to be charged on the outstanding principal balance until fully paid.
  • In case of default, the arrearages/unpaid loan shall be deducted from the member’s short-term benefit claims (e.g. sickness/maternity), if any, or from his/her final benefit claim (e.g. death, retirement, total disability).
  • The loan can be renewed after payment of at least 50% of the original loan amount and at least 50% of the loan term has lapsed.

Source: https://www.sss.gov.ph

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05 - 12

This article is for our mom-to-be followers who are wondering if they are qualified to claim for maternity benefits from the SSS.  Often, expectant mothers who only recently began making SSS contributions, or those who missed a month or two prior to their delivery dates, are worried that they would not be able to claim assistance from SSS.

We lifted the official computation and other guidelines from the SSS website to help all female SSS members understand how maternity benefits are determined.

Read on!

The SSS Maternity Benefit

  • For normal delivery and miscarriages: 100% of member’s average daily salary credit multiplied by 60 days.
  • For caesarean section delivery: 100% of member’s average daily salary credit multiplied by 78 days.

Benefit Computation

  1. Exclude the semester of contingency (delivery or miscarriage).
    • A semester refers to two consecutive quarters ending in the quarter of delivery.
    • A quarter refers to three consecutive months ending March, June, September, or December.
  2. Count 12 months backwards starting from the month immediately before the semester of contingency.
  3. Identify the six highest monthly salary credits within the 12-month period.  The monthly salary credit means the compensation base for contributions and benefits related to the total earnings for the month.  The maximum covered earnings or compensation is Php 16,000.00 effective January 1, 2014.
  4. Add the six highest monthly salary credits to get the total monthly salary credit.
  5. Divide the total monthly salary credit by 180 days to get the average daily salary credit.  This is equivalent to the daily maternity allowance.
  6. Multiply the daily maternity allowance by 60 (for normal delivery or miscarriage) or 78 days (for caesarean section delivery) to get the total amount of maternity benefit.

Below is an example:

Let’s say the SSS member will give birth on December 2017, how do we determine the amount of maternity benefit she can expect from SSS?

  1. The semester of contingency is from July 2017 to December 2017.
  2. The 12-month period before the semester of contingency would be from July 2016 to June 2017.
  3. Assuming the six highest monthly salary credits are Php 15,000 each, then the total monthly salary credit would be Php 90,000.00 (Php15,000 x 6).
  4. The daily maternity allowance would be Php 500.00 (Php 90,000 / 180).
  5. To get the total amount of maternity benefit: multiply the daily maternity allowance by the number of days based on the type of delivery:
    • For normal delivery and miscarriages: Php 500 x 60 = Php 30,000.00
    • For caesarian section delivery: Php 500 x 78 = Php 39,000.00

Important Reminders:

  1. The SSS maternity benefit is paid to a female member for the first four deliveries and miscarriages only, by virtue of the Social Security Act of 1997 (RA 8282).
  2. Employed members shall receive the full amount of the maternity benefit within 30 days from the date of filing of the maternity leave application.  This will be given in advance by the employer (who shall then be reimbursed in full by the SSS).
  3. If the employee member gives birth or suffers a miscarriage and the required number of contributions have not been properly remitted by the employer, or if the employer fails to notify the SSS, the employer will be required to pay damages to the SSS.  Such damages shall be equivalent to the benefits that the employee should have been entitled to.
  4. Separated / voluntary / self-employed members shall be paid directly by the SSS.
  5. A female member cannot claim for sickness benefit for a period of 60 days for normal delivery or miscarriage and 78 days for caesarean delivery.  No member can be entitled to two benefits for the same period.

The moment you have confirmed that you are pregnant, notify your employer right away.  If you are a voluntary member, file the necessary papers at the SSS immediately.  This will secure the validity of your claim, whether you carry the child to full term or suffer a miscarriage (anything can happen).  It also pays to create an online SSS account so you can monitor your and your employer’s monthly contribution.

We hope this article helps all new and future mothers!

Source: www.sss.gov.ph

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