My parents are both SSS pensioners living in the Philippines, and every year, they always comply with ACOP to ensure that they will continue to receive their monthly pensions from the Social Security System of the Philippines.
One of the benefits that the Philippine Social Security System provides is the Death Benefit.
Death Benefit is a cash benefit paid either in monthly pension or lump sum to the beneficiaries of a deceased SSS member.
SSS Retirement benefit is just one of the many benefits that the Philippine Social Security System provides to its members and their beneficiaries.
It is an amount given to the member who can no longer work due to old age and that is when he or she reaches the retirement age of 60 or 65.
Are you a retired worker? Are you an SSS member?
Do you need help paying the bills for your children who are still in college?
Did you come here to know more about the SSS Retirement Benefit?
Worry no more because in this article you will learn more about the SSS Retirement Benefit – how it works, how to apply for it and how much you will receive.
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.
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.
A bright light at the end of a tunnel, this is how I describe my emotions when I heard the news on the possibility of SSS pension increase this year.
See what happens when a president’s governing direction is geared towards the welfare of the less fortunate.
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.