7 Benefits of Philippine SSS Members

President Rodrigo Duterte signed a new law which will give Philippine Social Security System (SSS) members a total of 7 benefits this 2019.

Duterte recently approved Republic Act 11199 or the Social Security Act of 2019 which will add unemployment benefits to the six benefits already offered to SSS members.

Do you know what are these 7 SSS Benefits? Check below:

1️⃣ Sickness Benefit – A daily cash allowance paid for the number of days a member is unable to work due to sickness or injury. The amount of the member’s daily Sickness Benefit allowance is equivalent to ninety percent (90%) of his/her average daily salary credit (ADSC).

2️⃣ Maternity Benefit – A daily cash allowance granted to a female member who is unable to work due to childbirth or miscarriage. The amount of the daily Maternity Benefit allowance is equivalent to
one hundred percent (100%) of her ADSC, multiplied by 60 days in case of normal delivery /miscarriage/ectopic pregnancy without operation/ hydatidiform mole (H-mole), or by 78 days for caesarean section delivery/ectopic pregnancy with operation.

3️⃣ Retirement Benefit – A cash benefit granted – either as a monthly pension or a lump sum amount – to a member who can no longer work due to old age. 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 eighteen (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 13th Month Pension are excluded from the advanced eighteen (18) months pension.

If the member has dependent minor children, they are given a Dependent’s Pension equivalent to ten percent (10%) of the member’s monthly pension or P250, whichever is higher. Only five (5) minor children, beginning from the youngest, are entitled to 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 ten (10) CYS; or P2,400 if with at least twenty (20) CYS.

4️⃣ Disability Benefit – 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. 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 (10) credited years of service (CYS); P1,200 if with at least ten (10) CYS; and P2,400 if with at least twenty (20) CYS.

5️⃣ Death Benefit – A cash benefit granted – either as a monthly pension or a lump sum amount – to
the beneficiaries of a deceased member. 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 ten percent (10%) of the member’s
monthly pension or P250, whichever is higher. Only five (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 ten (10) CYS; P1,200 if with at least ten (10) CYS; and P2,400 if with at least twenty (20) CYS.

6️⃣ Funeral Benefit – A cash benefit given to whoever paid for the burial expenses of the deceased member. 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 A cash benefit given to paid contributions and CYS.

7️⃣🆕 Unemployment Benefit – The newest of SSS benefits, this is a daily cash allowance given to members that were separated from their livelihood due to retrenchment, downsizing, or closure of employment due to bankruptcy, or other causes of involuntary loss of job. Those who are eligible for unemployment benefits can receive an amount equal to 50 percent of his or her monthly salary for a maximum of two months.

SSS is still working on the new implementing rules and regulations (IRR) which is expected to be released this year, before enforcing the law.

Members are encouraged to remit regularly and correctly their contributions so that they will be assured of these benefits.

SSS also advises all members to ensure that their personal data in the SSS membership records are complete, correct, and up-to-date for faster and hassle-free processing of benefit claims and loan applications.

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