How To Apply for the SSS Loan Restructuring Program

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

How Does SSS Compute Your Retirement Benefit?

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

SSS Sickness Benefit: Everything You Need to Know

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

Everything You Need to Know About Your SSS Salary Loan

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

What to Do if You Have More Than One SSS Number

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

What is the SSS Part 2: The SSS Contribution Table for 2018 and Other Facts

Yesterday we featured the basic information on the Social Security System to help first-time members and SSS applicants appreciate how the social insurance system works.  Now we know that every Filipino, whether employed, self-employed, or unemployed, must have a Social Security number to become entitled to the benefits that the government agency offers. There are

What is the SSS?

If you are graduating from college in a few months or have just recently started applying for a job, you are most likely to apply for your very own SSS membership.  Like what I said in my previous entry, for the young and the restless, an SSS number is nothing more than a pre-employment requirement

Effects of Non-Reporting of SSS Remittances

A person’s SSS membership must be kept active at all times.  Keeping your information, contributions, and loan payments (if you have any) updated help you avoid inconveniences when claiming for your benefits later on. But what if a member (whether employed or voluntary) or his employer fails to update the SSS contributions and payments?  What