Tag Archive: SSS Benefits


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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08-15

Now that the rainy season is upon us, a lot of areas in Metro Manila as well as in the provinces are once again on guard for the anticipated onslaught of typhoons and flash floods.  Sadly, no matter how well a community, city, or province prepare for the worst, a lot of families still get adversely affected by the wrath of these typhoons and thunderstorms.  Houses, vehicles, and businesses are destroyed mercilessly by nature, leaving its helpless owners wondering how they can rebuild their hard-earned investments.

The Social Security System responds to such emergency needs by offering its Calamity Loan privileges to SSS members in calamity-stricken areas, as declared by the government.

What is the SSS Calamity Loan?

This is a new and separate loan window from the regular salary loan offered to members who live or work in areas declared to be under the State of Calamity by the government.

The salary loan amount is determined by the SSS and is payable in two years in 24 equal monthly installments, with an annual interest rate of 10% and 1% monthly penalty for late payments.

How does a member qualify for the SSS Calamity Loan?

Members should have a home address or property in the covered areas and a minimum of 36 monthly contributions, six of which should be paid within the 12-month period preceding the date of application.

SSS will announce when they will start accepting calamity loan applications over the counter at their branches and only then will members’ applications be entertained.

Are OFWs and Seafarer members qualified to apply?

Yes they are, as long as they can show proof that their property is covered by the calamity.  They can apply through their designated representatives who should present an authorization letter to the SSS.

What are the requirements when applying for a calamity loan?

Apart from their SSS ID, a member must submit a Barangay Certification that will attest to their residence in the declared calamity area or to their current status as an OFW or seafarer.  Any previous calamity loans must be fully paid before the member can avail of another calamity loan.

My property is covered by the calamity area, how come my application for an SSS calamity loan was denied?

Those who availed of the SSS Loan Restructuring Program and those with final benefit claims such as for total permanent disability and retirement, are excluded from the program.

Take note that calamities are not restricted to natural disasters such as storms, earthquakes, drought, and the like.  SSS members in war-torn Marawi have been declared qualified to avail of the said calamity loan.

For more information on the SSS calamity loan, you may visit their website at www.sss.gov.ph or visit the nearest SSS office in your area.

 

Source:

www.sss.gov.ph

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07 - 27

Matagal na akong hindi nakapag hulog sa aking SSS / Philhealth account; ngayon, may sakit ako at maco-confine.  Pwede ko bang habulin ang mga nalibanan kong buwan para makapag claim pa din ako ng benefits?

This is a common question we receive from followers.  Apparently, a lot of Filipinos think that paying their monthly contributions for government-mandated insurances is optional.

It isn’t.  We all need to activate our SSS and Philhealth memberships and diligently remit our monthly contributions to ensure that we are protected and covered by benefits.

We summarized SSS and Philhealth’s requirements and needed premium payments before a member can claim his benefits from these government agencies.  We aim to encourage everyone to update and maintain their monthly contributions to ensure hassle-free benefits claim anytime emergency strikes.

Read on.

Philhealth

  • Member must have paid at least three months’ premium contributions within the immediate six-month period prior to the first day of confinement to avail of benefits.
  • Philhealth does not accept retroactive payments for unpaid months.
  • Contributions made on admission date, during the confinement period, or after the member or dependent is discharged from the health care institution will not be counted as qualifying contributions.

What are the requirements for eligibility and when is a member eligible to claim?

Sponsored Members Date of hospitalization/availment must be within the effectivity period indicated in the member’s ID and MDR.
Individually Paying Members 1. There are certain confinement cases wherein three months worth of premium within the last sixmonths (3/6) prior to confinement is acceptable.

2. For pregnancy-related cases, dialysis, chemotherapy, radiotherapy and other selected surgical procedures, the member must have paid nine months worth of premium within the last twelve months.

Lifetime Member The member just has to show their Lifetime ID Card; no need to pay premiums anymore.  This now includes Senior Citizens; in which case, all they need to show is their SC IDs.
Employed Members Three months worth of premium within the last six months (3/6) prior to hospitalization.
Overseas Workers Date of hospitalization/availment must be within the coverage period specified in the member’s MDR.

 

SSS

A. Maternity Benefits

The maternity benefit is offered only to female SSS members.  A member is qualified to avail of this benefit if:

  1. She has paid at least three monthly contributions within the 12-month period immediately preceding the semester of her childbirth or miscarriage.
  2. She has given the required notification of her pregnancy to SSS through her employer if employed; or submitted the maternity notification directly to the SSS if separated from employment, a voluntary or self-employed member.
  3. SSS does not accept retroactive payments for unpaid months.

The maternity benefit shall be paid only for the first four (4) deliveries or miscarriages.

B. Sickness Benefits

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

A member is qualified to avail of this benefit if:

  1. He is unable to work due to sickness or injury and confined either in a hospital or at home for at least four days;
  2. He has paid at least three months of contributions within the 12-month period immediately before the semester of sickness or injury;
  3. He has used up all current company sick leaves with pay; and
  4. He has notified the ER, or directly the SSS, if separated from employment, VM or SE regarding his sickness or injury.

C. Retirement

The retirement benefit is a cash benefit paid either in monthly pension or as lump sum to a member who can no longer work due to old age.

A member is qualified to avail of this benefit if:

  1. Member must have paid at least 120 monthly contributions prior to the semester of retirement and is any of the following, whichever is applicable:
    • At least 60 years old and separated from employment or has ceased to be an SE/OFW/Household Helper (optional retirement);
    • At least 65 years old whether still employed/SE, working as OFW/Household Helper or not (technical retirement);
    • At least 55 years old and separated from employment or has ceased to be an SE, if an “underground mineworker” (optional retirement);
    • At least 60 years old whether still employed/SE or not, if an “underground mineworker” (technical retirement); or
    • A total disability pensioner who has recovered from disability and is at least 60 years old (or at least 55 years old, if an underground mineworker).
  2. A former retiree-pensioner whose monthly pension was suspended due to re-employment / self-employment and is now separated from employment or has ceased to be an SE.
  3. A member who is 60 years old and above, but not yet 65, with 120 contributions or more may continue paying as VM up to 65 years old to avail of the higher amount of benefit.

If you have questions regarding benefit claims from Philhealth and SSS, send us a message and we will do our best to find the answers for you.

 

Sources:

www.sss.gov.ph

www.philhealth.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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03 - 10

SSS members who have found better earning opportunities abroad may continue to enjoy the same privileges as members who reside in the country.  One such benefit is the salary loan facility of the SSS; this enables members to borrow an amount to meet short-term credit needs and be able to repay at affordable terms and interests.

What are the qualifications?

a. The OFW’s monthly SSS contributions must be updated.

  • For one-month salary loan – the member-borrower must have 36 posted monthly contributions, six of which should be within the last twelve (12) months prior to the month of filing of application.
  • For two months salary loan – the member-borrower must have 72 posted monthly contributions, six of which should be within the last twelve (12) months prior to the month of filing of application.

b. The OFW must be under 65 years of age at the time of application.

c. The OFW has not been granted final benefit (total permanent disability, retirement, and death).

d. The OFW has not been disqualified due to fraud committed against the SSS.

What are the steps in applying for a salary loan?

a. Download and fill-out a Member Loan Application form.

b. Present your SSS ID.  If the OFW does not have an SSS ID yet, he needs to file for application of SSS card (Form E-6).

c. Prepare two valid identifications (ID); any two of the following will suffice:

  • Professional Regulation Commission (PRC)
  • Unexpired Driver’s License
  • Passport
  • Postal ID
  • School or Company ID
  • Tax Identification Number (TIN) card
  • Seaman’s Book
  • Membership card issued by private companies
  • Overseas Worker Welfare Administration (OWWA) card.
  • Senior Citizen’s card
  • Voter’s Identification card / Affidavit / Certificate of Registration
  • ATM card with cardholder’s name; or with certification from bank (if without name).
  • Credit card
  • Fisherman’s card issued by BFAR
  • GSIS card / Member’s Records / Certificate of Membership
  • ID card issued by LGUs (Barangay/Municipal/City)
  • ID card issued by professional association recognized by PRC.
  • Birth Certificate
  • Baptismal Certificate
  • Marriage Contract
  • NBI Clearance
  • Pag-IBIG Member’s Data Form
  • Permit to carry firearms issued by the Firearms and Explosive Unit of PNP.
  • PHIC Member’s Data Record
  • Police Clearance
  • Seafarer’s Registration Certificate issued by POEA
  • Temporary Driver’s License issued by LTO
  • Transcript of Records
  • Alien Certificate of Registration
  • Bank Account Passbook
  • Certificate from Office of Southern / Northern Cultural Communities; or Office of Muslim Affairs
  • Certificate of Licensure / Qualification Documents / Seafarer’s ID and Record Book for Maritime Industry
  • Certificate of Naturalization from the Bureau of Immigration
  • Life Insurance Policy
  • Birth / Baptismal certificate of children.

Who may file the Salary Loan Application?

a. If filed by Member-borrower’s authorized representative, bring the following:

  • Member-borrower’s Member Loan Application
  • Member-borrower’s SS card or any two valid IDs both with signature (at least one with photo).
  • Authorized Representative’s SS card or any two valid IDs both with signature (at least one with photo).
  • Letter of Authority (LOA) signed by both the member-borrower and the member-borrower’s authorized representative.

b. If filed by Employer/Company’s Authorized Representative, bring the following:

  • Accomplished Member Loan Application.
  • Authorized Company Representative (ACR) card issued by SSS.
  • Letter of Authority (LOA) from employer and any two valid IDs both with signature and at least one with photo.
  • Acknowledgment stub and any two valid IDs both with signature and at least one of the IDs with photo.

c. If filed by the member’s representative:

  • Present member’s SSS card or two valid IDs, one of which with photo and signature.
  • Authorization letter signed by the member and the representative.

Where does an OFW file his loan application while abroad?

a. OFW members may submit their applications at the SSS Representative office in the country of their location.

b. In case there is no SSS office in a particular country, the member may send the application and supporting documents to his relatives in the Philippines and authorize them to file at the SSS branch.

c. Any document issued abroad and forms part of the application must be authenticated by the Philippine Consulate/Embassy.

Source: www.sss.gov.ph

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10-18

My sister, a private school teacher, gave birth in January 21, 2016 to a healthy baby boy.  I am not sure if her case can be considered a premature delivery since she gave birth three weeks earlier than her scheduled due date.  Nonetheless, her delivery was uneventful and the baby came out healthy and strong.

Less than two months after she gave birth, my sister suffered from a severe case of skin asthma.  It got so bad that she was even prohibited by her doctor to carry or cuddle her baby.  She also had difficulty breathing at night and whenever she is exposed to smoke and dust.  She was confined in the hospital for five days until her rashes cleared out.

A few days after she was discharged from confinement, she filed her sickness benefit claims from the Social Security System (SSS).  Unfortunately, her claim was denied.  This was puzzling to us as she just recently received her maternity benefits from the SSS; she had no difficulty filing and claiming the proceeds.

We tried calling the SSS but no one seems to be able to give us a plausible answer.  I did my own research and these are my findings:

  1. A female SSS member who has successfully claimed her maternity benefits is no longer eligible to claim other types of benefits within a specified period:
    • A female who gave birth through normal delivery, or had a miscarriage, cannot file for sickness benefits claim within 60 days after childbirth or miscarriage.
    • A female who gave birth through caesarean section cannot file for sickness benefits claim within 78 days after childbirth.
  2. By law, an SSS member may only receive / claim one benefit at a given time.

My sister was able to claim her maternity benefits shortly after her baby turned one month old.  This was the reason why her claim for sickness benefits was denied by the SSS.

When we got hold of this information, my sister was able to clarify her concern better with the SSS.  She was then able to confirm that due to her maternity claim, she is not eligible for sickness benefits claims until after the 60-day prescription period.

Most SSS members may not be aware of this policy and it is best that claimants clarify minor details in their claims in order to avoid confusion later on.

Now you know.

Source:

http://www.facebook.com/SSSPh

https://www.sss.gov.ph/sss/appmanager/pages.jsp?page=sicknessapplication

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SSS Loan Restructuring Program How To

Do you have an outstanding loan with the SSS that is left unpaid for several years now?  Are you worried that the principal and interest rates have accumulated over time and you may not be able to pay the amount anymore?

The SSS has good news for you!  They have recently launched the their Loan Restructuring Program to help members with past due loans.  In our previous post, we detailed the qualifications needed when applying for a loan restructuring program.  We have since received numerous inquiries on how to file the application as well as the list of documentary and ID requirements.

We are sharing our research to you today and encourage everyone who have outstanding obligations with the SSS to apply for the condonation program.  This is your chance to regain a good membership standing with the SSS and secure your future benefits.

What you need to bring:

(a). Original copy of any one of the primary IDs or documents (or)

(b). Original copy of any 2 secondary IDs or documents

(c). At least one of the IDs must have 1 with photo, and both with signature

Primary IDs or Documents:

  1. SSS card
  2. Unified Multi-purpose ID (UMID)
  3. Driver’s License
  4. Passport
  5. Professional Regulation Commission (PRC) card
  6. Seaman’s Book (Seafarer’s Identification and Record Book)

Secondary ID Cards or Documents:

  1. Alien Certificate of Registration
  2. Certificate of Licensure or Qualification Documents from Maritime Industry Authority
  3. Certificate of Muslim Filipino Tribal Affiliation issues by National Commission on Muslim Filipinos
  4. Company ID Card
  5. Firearm License card issued by PNP or Philippine National Police
  6. Fishworker’s License issued by BFAR or Bureau of Fisheries and Aquatic Resources
  7. GSIS or Member’s Record or Certificate of Membership
  8. Health or Medical Card
  9. PagIBIG or Home Development Mutual Fund Member’s Data Form
  10. ID card issued by Local Government Units (LGUs). Examples in Barangay, Municipality, or City
  11. ID card issued by professional association recognized by PRC
  12. Marriage Contract or Certificate
  13. OWWA Card or Overseas Worker Welfare Administration
  14. PHIC Card or Philippine Health Insurance Corporation
  15. NBI Clearance or Police Clearance
  16. Postal ID Card
  17. School ID Card
  18. Seafarer’s Registration Certificate issued by Philippine Overseas Employment Administration
  19. Senior Citizen Card
  20. Taxpayer’s Identification Number (TIN) Card
  21. Voter’s Identification card or Voter’s Affidavit or Certificate of Registration

Step 1. Request for a copy of your Statement of Loan Balances from the nearest SSS branch.  OFWs may request for a copy from the SSS foreign office.

Step 2. Accomplish a copy of an Affidavit of Residency as supporting document for your home address or work address.  This is to attest to the fact that your area is within a covered calamity area stricken by a previous (natural) disaster.

Step 3. Prepare a copy of a duly accomplished Loan Restructuring Program.  Write “Not Applicable” or “N/A” for information that are not applicable to you.  Affix your initials on any erasures.

Step 4. If a representative is filing this form, submit the following:

  1. Original copy of Special Power of Attorney (SPA)
  2. Photocopy of 2 valid IDs each of the member-borrower and the filer (or representative).

Step 5. Bring the duly accomplished forms to the SSS branch.  For Death, Total Disability, or Retirement benefit filers (who wish to avail of the reconstructuring program), include the DDR claim application form.

An SSS personnel will advise you on the next steps to be taken after you have submitted your application.  This offer is open until April 27, 2017 only.

If you wish to make a follow up on your filed applications, you may contact SSS through the following:

Call Center : 02-920-6446 to 55

02-917-7777

1-800-10-2255777

Website: https://www/sss.gov.ph

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SSS Pension

As paying members of the Social Security System (SSS), we are all looking forward to that day when we can just sit back, relax, and wait for our monthly pension to arrive.  We count the years until we are prepared to retire from our jobs and finally be able to take that much needed vacation, spend quality time with our children, and no longer be bothered by “work”.  We look forward to that day when we can finally ask ourselves, “What do I do with all these free time on my hands?”

But the question we should all be asking at this point is, how much must I expect as monthly pension from the SSS and will that be enough to sustain my needs as I approach my senior years?

To help you determine your monthly pension, here is a guide lifted from the SSS website and a recent article from the Manila Bulletin.

WHAT IS YOUR SSS COVERAGE?

Are you under the Compulsory or Voluntary program of the SSS?

The Compulsory program covers employers and their employees, as well as self-employed individuals.  Their contributions are automatically deducted from their monthly salaries and remitted by their employers to SSS.

Voluntary members are OFWs, non-working spouses of SSS members, and members who have separated (resigned) from their jobs.  They pay their monthly contributions “voluntarily” by going to SSS offices or accredited payment centers.

Apart from the two programs, SSS also encourages its members to establish a separate savings account under the SSS Personal Equity and Savings Option (PESO) to add to their retirement funds.  This is a tax-free investment fund that can earn income based on interest rates of five-year Treasury yields.  At a minimum amount of Php 1,000 per month, a qualified SSS member is able to basically double his SSS savings.

HOW DO YOU COMPUTE FOR YOUR RETIREMENT PENSION?

A member’s pension is determined based on the number of credited years of service (CYS) and the number of dependent minor children.

There are three formulae that the SSS uses to compute for a member’s pension; the monthly pension will be the highest amount resulting from any of the three formulae.

  1. The sum of = Php 300.00 + 20% of the Average Monthly Salary Credit (AMSC) + 2% of the AMSC for each Credited Year of Service (CYS) in excess of 10 years, OR
  2. 40 % of the AMSC, OR
  3. Php 1,200.00 if the CYS is at least 10 but less than 20.
  4. Php 2,400 if the CYS is 20 or more.

Note: The AMSC is determined by the SSS based on your monthly compensation.  Salaries from Php 15,750 and above are assigned an AMSC of 16,000.

Example:

Using formula number 1, here is a sample computation for an individual who:

  1. Is earning Php 30,000.00 monthly
  2. Has worked and contributed to the SSS for 40 years

Monthly Pension (MP) = P300 + (20% of AMSC) + (2% of AMSC x 30 years (40 years – 10))

MP = Php 300.00 + (20% x 16,000.00) + (2% x 16,000 x 30 years)

MP = Php 300 + 3,200 + 9,600

MP = Php 13,100.00

ARE YOU QUALIFIED YET?

There are two ways to determine if you are qualified for SSS retirement benefits:

a. You are 60 years old and are no longer working or have ceased to be self-employed.  You have made at least 120 monthly contributions before the semester of retirement.

b. You are 65 years old – may be employed or not – and have made at least 120 monthly contributions before the semester of retirement.

HOW TO CLAIM YOUR SSS MONEY

There are also two ways to receive your retirement benefits:

a. Lifetime monthly pension – receive your pension monthly through the bank that you pick as your designated bank.

b. Lump sum – receive the first 18 months of your pension at a discounted rate determined by the SSS.  Your monthly pension will begin on the 19th month.

WHAT ARE THE DOCUMENTS YOU NEED TO PREPARE?

Be ready with the following IDs and documents when filing for your retirement benefits:

  1. Retirement claim application form (SSS Form DDR – 1);
  2. DDR Saving Account form;
  3. Certificate of Separation from last employer (for members less than 65 years old);
  4. Passbook (if pension);
  5. Certified true copies of birth or baptismal certificate of dependent children;
  6. Certificate of cessation of business or practice of profession (for self-employed less than 65 years old);
  7. Certified true copy of marriage certificate (if with dependent children);
  8. Proofs of filiation for illegitimate dependent children; and
  9. SSS digitized or E-6 (acknowledgment stub) with two valid IDs, one of which has a recent photo.

For a more thorough and accurate computation of your retirement benefit, visit the nearest SSS branch.

Source:

http://www.mb.com.ph/how-much-will-you-get-from-the-sss-when-you-retire/

https://www.sss.gov.ph/sss/appmanager/pages.jsp?page=retirementpension

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SSS Educational Loan

If you need additional funds for your children’s college tuition fees, you may seek help from the Social Security System (SSS) through the SSS Educational Loan Program.  This is open to SSS members who meet the following criteria:

(a). Payments for existing salary/housing loan amortization must be updated.  Overdue amount must not exceed three (3) monthly loan amortizations;

(b). Member must have paid at least thirty-six (36) monthly contributions, three (3) of which should be within the last twelve (12) months prior to the date of application of the loan;

(c). Member’s last posted Monthly Salary Credit must be Php15,000 or below while actual monthly basic salary must not be more than Php25,000.

Amount of Loan a Qualified Member may Apply For

The loan amount is determined primarily by the type of course the member or beneficiary is taking up.

(a). Degree Courses – Maximum of Php20,000.00 per semester/trimester/quarter term or actual tuition/miscellaneous fees, whichever is lower, rounded off to the next higher Php100.

(b). Vocational/Technical Course (minimum of 2 years) – Maximum of Php10,000 per semester/trimester or actual amount of tuition/miscellaneous fees, whichever is lower, rounder off to the next higher Php100.

A 6% interest per annum based on diminishing principal balance shall be applied on the loan amount.  For unpaid loan amortizations, a 1% penalty shall be applied per month.

Who can be covered by the program?

The proceeds of the educational loan can be used by the following:

(a). Member-borrower

(b). Member-borrower’s legal spouse

(c). Child of SSS member (including illegitimate)

(d). Siblings of unmarried SSS member (including half-brother/sister)

A married member-borrower are allowed to apply for up to two (2) beneficiaries, including himself.

What are the required documents for application?

(a). SSS ID or two (2) valid IDs.

(b). Accomplished application form.

(c). Assessment/Billing statement issued by the school of member/beneficiary.

(d). Proof of monthly salary/income.

(e). Income Tax Return or affidavit of income (for self-employed/voluntary paying).

You may download a copy of the Educational Assistance Loan form here.

Source:

https://www.sss.gov.ph/sss/appmanager/sss_downloads.jsp?type=forms

http://www.efrennolasco.com/how-to-avail-sss-educational-assistance/

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AlkanSSSya2

Narito ang pagpapatuloy ng article tungkol sa AlkanSSSya Program ng SSS.  Tulad ng nabanggit kahapon, ang AlkanSSSya ay isang programang inilunsad ng SSS para mabigyan ng pagkakataon an gating mga kababayan sa Informal Sector Groups na makapag ipon para sa kanilang retirement at mga emergency needs sa ilalim ng SSS.

Ano ang mga Tungkulin Mo Bilang Miyembro ng AlkanSSSya?

  1. Ano mang pagbabago sa iyong personal information (nagbago ng apelido o civil status, nagbago ng mga beneficiaries, mobile number, etc.) at sa halaga ng iyong kontribusyon o Monthly Salary Credit (MSC) ay dapat na ipaalam agad sa SSS.  Manghingi ng AlkanSSSya Program Masterlist Form at Member’s Data Amendment Form (SS Form E-4) sa pinaka malapit na SSS branch.  Ilagay lahat ng mga impormasyon na hinihingi ng mga forms at i-submit ito sa SSS.
  2. Siguruhing nakakaipon kayo ng hindi bababa sa P330.00 tuwing katapusan ng buwan.  Iwasang lumiban.
  3. Makakatanggap kayo ng text message para sa schedule ng monthly computation o buwanang pagkwenta ng inyong hulog.  Ito ay gagawin tuwing katapusan ng buwan.  Siguruhing updated ang inyong mobile number na naka deklara sa SSS para matanggap ninyo ang announcement ng schedule.
  4. Tiyakin na naire-remit ng inyong asosasyon ang iyong kontribusyon sa tamang Collecting Agent.
  5. Siguruhing tama ang spelling ng iyong pangalan, SS number, at halaga ng kontribusyon sa Contribution Collection Posting Report na nanggagaling sa SSS.  Ito ay dapat na naka paskil sa bulletin board ng inyong asosasyon.
  6. Ugaliing bumisita sa website ng SSS para malaman ang mga pagbabago o updates sa mga programa at patakaran ng SSS.  (http://www.ss.gov.ph)
  7. Kung may mga katanungan tungkol sa AlkanSSSya Program, maaaring magtungo sa pinaka malapit na SSS branch o kaya ay tumawag sa mga sumusunod na numero:02-435-9832

    02-920-6401 local 6415 o 6417

Ang pag-iipon ay ginagawa natin para maging handa sa mga pangyayari sa buhay na hindi inaasahan tulad ng pagkakaroon ng sakit, aksidente, at mga biglaang pangangailangan.  Ang SSS ay isang ahensyang mapagkakatiwalaan natin sa perang ating pinag hirapan.  Hindi mahalaga kung malaki o maliit ang ating sinusweldo; ang SSS ay nagbibigay ng mga programa para makatulong sa bawat Pilipino na siguruhin ang kanilang kinabukasan.  Ang maliliit na halaga na ating naitatabi habang tayo ay malakas pa ay pakikinabangan din natin sa panahong hindi na natin kayang mag trabaho.

Ibahagi natin ang balitang ito sa lahat ng ating mga kaibigan at kamag-anak para makatulong.

Source: http://www.usapangsss.ph/forum/viewtopic.php?f=18&t=47

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