The Philippine Social Security System (SSS) through R.A. 8282, otherwise known as Social Security Law, provides benefits to protect SSS members and its beneficiaries against the hazards of sickness, disability, maternity, old age, death, and other contingencies resulting in loss of income or financial burden.
MUST KNOW: Employers Pay SSS Sickness and Maternity Benefits in Advance
The Philippine Social Security System or SSS offers benefits to its members including sickness benefit and maternity benefit.
SSS members who pay their monthly contributions to the SSS consistently can avail of these benefits when the need arises.
How to Apply and Avail of SSS Housing Loan
We all have our own dream houses. It differs from person to person and from different circumstances.
The bigger the family, the bigger the dream house and the more number of rooms.
Some want pools and grand interior design; some just want a simple house that would accommodate everyone’s needs; while others just want a house – something that they could call their home.
Report Your Employers Who Don’t Remit Your SSS Contribution
If your employer or boss does not remit your SSS contributions, don’t hesitate to report them to SSS!
Don’t be afraid.
You have the right and it’s your right to report them if they miss or if they intentionally don’t pay your SSS contribution.
7 Ways to Find your SSS Number (If you’ve Lost or Forgotten it)
I’ve been getting a lot of questions from people who for some reasons lost or forgot their SSS number.
Yes, they have applied for SSS number before and is now a member of SSS, but they don’t have their SSS number now, or they simply don’t know where to find or how to get it again.
How to Pay your SSS Contribution as a Voluntary Member
The Philippine Social Security System has two types of SSS Program Coverage:
- The first one is the Compulsory coverage which includes employers, employees and self-employed persons.
- The second one is the Voluntary Coverage which includes separated members, OFWs, and Non-working spouse of SSS members.
For employers and employees, payment of SSS contributions is done through the company/employer that they’re affiliated with and not through the individual member.
Should you pay the maximum contribution to get higher SSS pension?
Paying the maximum SSS contribution is conclusively the best way for anyone to experience the topmost of benefits that the Philippine Social Security System has to offer including higher SSS pension.
But if you’re only after the pension benefit that you will get from SSS upon your retirement, there might be a wiser alternative in order to maximize your SSS contribution.
Why you should Invest in SSS PESO Fund
Nowadays, health cards provided by employers or prepaid funded by the card holder have limited access to hospitals, medicines, laboratory tests, and medical consultations.
- Different health cards have varied restrictions depending on the hospital, the amount of the hospital bill, illness, type of medicine, treatment, laboratory test, and much more.
- Health card holders have to break their bank to cope up with these adverse situations.
- More so, with our senior citizens who are sickly and after age 65 they won’t be able to secure one.
Your worries are over!
To supplement the SSS pension fund, the government agency launched last September 2014 the SSS Personal Equity and Savings Option fund or the SSS PESO fund.
Apply now for SSS Loan Restructuring Program!
Good news has come to those who have unpaid loans from SSS!
The government institution has developed a program for member-borrowers that will enable them to pay off their previous loans in a way that won’t be too heavy on their monthly pay.
SSS Pension Plan or SSS Retirement Benefit
Investment is a very important tool for everybody.
People might think that starting early is not the best idea since many are at the receiving end of the lower income bracket.
But the trick here is to start at the earliest possible time.