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Showing posts with label Benefits of SSS. Show all posts
Showing posts with label Benefits of SSS. Show all posts

Saturday, March 21, 2020

Ano-Ano at Magkano ang Makukuha mong SSS Benefits Dahil sa Lockdown at COVID19?

Ayun sa panayam kay SSS VP Fernan Nicolas, sa programa ni Erwin Tulfo, iniisa isa niya ang mga pwedeng maging benepisyo ng mga miyembro at kung magkano ang makukuhang pera sa SSS. 
It was mentioned in this video about Salary Loan, Calamity Loan, Employment Compensation Benefit and Sickness Benefit

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Kung miyembro ka ng SSS, pwedeng mag-apply ng loan at magkano ang matatanggap ng isang miyembro? Narito ang sagot ng SSS:
Up to P40K salary loan, and up to P20K calamity loan, which will be available next week. Those members na nagpositive sa COVID19 will receive SICKNESS BENEFIT of up to 14 days, and if you cannot recover, you can avail of sickness benefit up to 120 days. Sickness benefit is computed if you are paying on a monthly salary credit of atleast P20K pesos, you can have P600 x 14 days benefit or up to P600 x 120 days.

 Kung nawalan o natanggal sa trabaho dahil sa COVID19, meron ang SSS na unemployment insurance, na matatanggap mo ng libre at hindi mo babayaran sa SSS. Kung ang monthly salary credit mo ay P20K a month, bibigyan ka ng libreng P20K pesos for 2 months na unemployment benefit na magagamit mo sa pag-apply ulit hanggang sa makarecover ka dahil sa pagkawala ng iyong trabaho. 

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Sa mga miyembro ng SSS na nadapuan ng Covid-19, may sickness benefit kayo. Alamin ano pa programa ng SSS sa pamamagitan ng kanilang spokesman na si SSS Vice President Fernan Nicolas. pic.twitter.com/pzQeWFlHsW
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 Anong requirement ng mga pwedeng mag-avail ng mga benepisyo? Dapat may 36 months contribution ka na at active ka na nagbabayad sa SSS.

 Para naman sa mga pensioners naman ay pwede naman silang mag-advance ng 3-month pension from April, May, and June and they can also apply for pensioner's loan up to P200K. 



PAANO MAG-APPLY NG SALARY LOAN ONLINE? TINGNAN DITO

Pwede Kang Makaavail ng Pag-IBIG Calamity Loan na P20K Pataas Depende sa Total Contribution

 DOLE Magbibigay ng P5000 Unemployment Benefit sa mga Apektado ng COVID19

SEE ALSO:



©2020 THOUGHTSKOTO
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Saturday, March 07, 2020

Pangalawang Bugso ng SSS Pension Hike na P1000 Kada Buwan, Suportado sa Kamara

Good news ito para sa ating mga kababayan na matagal na itong hinihintay! Ayun sa balitang inilabas ng Manila Times, suportado na ng House Panel sa Kamara ang pangalawang bugso ng P1,000 pension para sa mga pensyonadong miyembro ng SSS.
Manila Times reported
"The House Committee on Government Enterprises and Privatization has adopted resolutions that call for the implementation of the second tranche of the approved Social Security System (SSS) pension increase. The adopted three House Joint Resolutions (HJRs) aim to increase the monthly SSS pension by another P1,000 to boost financial assistance to Filipino retirees in line with HJR 10 approved during the 17th Congress."
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The report continued:
"HJR 10 increases the monthly pension by P2,000 under the Social Security Act of 1997. The first tranche of the pension hike amounting to P1,000 has been implemented since January 2017. The initial hike brought the minimum monthly pension from P2,200 to P3,400.
The HJRs seek to implement the second tranche of pension hike effective from January 2020.
SSS has 2.4 million pensioners as of September 2018. As of 2017, there were 36.1 million SSS members.
Adopted were HJR 1, authored by Bayan Muna Representatives Carlos Isagani Zarate, Ferdinand Gaite and Eufemia Cullamat, ACT Teachers party-list Rep. France Castro, Gabriela party-list Rep. Arlene Brosas, and Kabataan party-list Rep. Sarah Elago; HJR 2 by Isabela First District Rep. Antonio “Tonypet” Albano; and HJR 6 by Baguio City Rep. Mark Go."
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According to one commenter:
"This was the same SSS Bill approved by Congress in 2016 but vetoed by former President Benigno Simeon Aquino during the last few months of his presidency. Duterte made a compromise 1000 pesos increase instead of the proposed 2000 after he assumed office to partially mollify the angered SSS pensioners." 

©2020 THOUGHTSKOTO
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Friday, June 01, 2018

SSS Retirement: Am I Qualified For Pension If There's A Gap On My Contributions?

Whether we like it or not, time will come when we will reach the retirement age of 60 or 65. In these times, some of us are no longer capable of making money for our own needs such as food and medicine. Lucky for some, they receive support from their children and other family members. 
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Whether we like it or not, time will come that we will reach the retirement age of 60 or 65. In this times, some of us are no longer capable of making money for ourselves to support our needs such as food and medicine. Lucky for some out there that receive support from their children and other family members. Growing old or retiring without a pension is hard. This is very common to self-employed individuals, Overseas Filipino Workers (OFWs) and other private employes that only rely on their salaries back then. Sometimes, they are forced to work despite old age to meet the needs. But your worries about your retirement can be lessened if you are a member of Social Security System (SSS) where you can receive your monthly pension. For private employees, SSS has become mandatory in the Philippines while it is voluntary for OFWs and self-employed. But what will happen in an SSS membership if there is a gap in member's contribution? Will he still receive a pension?
Growing old or retiring without a pension is hard. This is very common to self-employed individuals, Overseas Filipino Workers (OFWs) and other private employes that only rely on their salaries back then. Sometimes, they are forced to work despite old age to meet the needs. But your worries about your retirement can be lessened if you are a member of Social Security System (SSS) where you can receive your monthly pension.
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For private employees, SSS has become mandatory in the Philippines while it is voluntary for OFWs and self-employed. But what will happen in an SSS membership if there is a gap in member's contribution? Will he still receive a pension?

Take a look at this picture from SSS. It said that your membership is a lifetime. And even you have a "gap" on your contribution, you and your family can still benefit from it.
Whether we like it or not, time will come that we will reach the retirement age of 60 or 65. In this times, some of us are no longer capable of making money for ourselves to support our needs such as food and medicine. Lucky for some out there that receive support from their children and other family members. Growing old or retiring without a pension is hard. This is very common to self-employed individuals, Overseas Filipino Workers (OFWs) and other private employes that only rely on their salaries back then. Sometimes, they are forced to work despite old age to meet the needs. But your worries about your retirement can be lessened if you are a member of Social Security System (SSS) where you can receive your monthly pension. For private employees, SSS has become mandatory in the Philippines while it is voluntary for OFWs and self-employed. But what will happen in an SSS membership if there is a gap in member's contribution? Will he still receive a pension?

To qualify for SSS Retirement, the member must meet the qualifying conditions;
  • At least 60 years old, separated from employment or ceased to be self-employed/OFW/household helper
  • Member has paid at least 120 monthly contributions prior to the semester of retirement.
  • If with less than 120 monthly contributions, the member may be granted a lump sum amount, but will also be given the option to continue paying contributions until age 65 to complete the 120 months to become eligible for the monthly pension.
  • Member is 55 years old (optional retirement) or 60 years old (technical retirement) for Underground Mine workers whose date of actual retirement is not earlier than March 13, 1998.
  • Member is 50 years old (optional retirement) or 60 years old (technical retirement) for Surface or Underground Mine workers whose date of actual retirement is not earlier than April 27, 2016.
  • Must have been working as Surface/Underground Mine worker for at least five (5) years (either continuous or accumulated) prior to the semester of retirement.

Read: Important Points Voluntary SSS Members Should Know

If qualified, the member is granted a monthly Retirement 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 retiree has the option to receive the first eighteen (18) months pension in a lump sum, discounted at a preferential rate to be determined by the SSS.
Read: SSS Admits, Pension Funds Will Be Good Only For 7 Years

 This option can be exercised only upon application of the first retirement claim, and the Dependent’s Pension are excluded from the advanced eighteen (18) months pension.
  • The minimum monthly Retirement Pension is P1,200 if the member has 120 months contribution or at least ten (10) CYS; or P2,400 if with at least twenty (20) CYS.
  • Plus P1,000 additional benefit, effective January 2017.
The following are 10 common questions about SSS Retirement Benefits
Whether we like it or not, time will come that we will reach the retirement age of 60 or 65. In this times, some of us are no longer capable of making money for ourselves to support our needs such as food and medicine. Lucky for some out there that receive support from their children and other family members. Growing old or retiring without a pension is hard. This is very common to self-employed individuals, Overseas Filipino Workers (OFWs) and other private employes that only rely on their salaries back then. Sometimes, they are forced to work despite old age to meet the needs. But your worries about your retirement can be lessened if you are a member of Social Security System (SSS) where you can receive your monthly pension. For private employees, SSS has become mandatory in the Philippines while it is voluntary for OFWs and self-employed. But what will happen in an SSS membership if there is a gap in member's contribution? Will he still receive a pension?
Whether we like it or not, time will come that we will reach the retirement age of 60 or 65. In this times, some of us are no longer capable of making money for ourselves to support our needs such as food and medicine. Lucky for some out there that receive support from their children and other family members. Growing old or retiring without a pension is hard. This is very common to self-employed individuals, Overseas Filipino Workers (OFWs) and other private employes that only rely on their salaries back then. Sometimes, they are forced to work despite old age to meet the needs. But your worries about your retirement can be lessened if you are a member of Social Security System (SSS) where you can receive your monthly pension. For private employees, SSS has become mandatory in the Philippines while it is voluntary for OFWs and self-employed. But what will happen in an SSS membership if there is a gap in member's contribution? Will he still receive a pension?SSS Retirement: Am I Qualified For Pension If There's A Gap On My Contributions?
SSS Retirement: Am I Qualified For Pension If There's A Gap On My Contributions?
SSS Retirement: Am I Qualified For Pension If There's A Gap On My Contributions?
SSS Retirement: Am I Qualified For Pension If There's A Gap On My Contributions?
SSS Retirement: Am I Qualified For Pension If There's A Gap On My Contributions?
SSS Retirement: Am I Qualified For Pension If There's A Gap On My Contributions?
SSS Retirement: Am I Qualified For Pension If There's A Gap On My Contributions?
Whether we like it or not, time will come that we will reach the retirement age of 60 or 65. In this times, some of us are no longer capable of making money for ourselves to support our needs such as food and medicine. Lucky for some out there that receive support from their children and other family members. Growing old or retiring without a pension is hard. This is very common to self-employed individuals, Overseas Filipino Workers (OFWs) and other private employes that only rely on their salaries back then. Sometimes, they are forced to work despite old age to meet the needs. But your worries about your retirement can be lessened if you are a member of Social Security System (SSS) where you can receive your monthly pension. For private employees, SSS has become mandatory in the Philippines while it is voluntary for OFWs and self-employed. But what will happen in an SSS membership if there is a gap in member's contribution? Will he still receive a pension?
Whether we like it or not, time will come that we will reach the retirement age of 60 or 65. In this times, some of us are no longer capable of making money for ourselves to support our needs such as food and medicine. Lucky for some out there that receive support from their children and other family members. Growing old or retiring without a pension is hard. This is very common to self-employed individuals, Overseas Filipino Workers (OFWs) and other private employes that only rely on their salaries back then. Sometimes, they are forced to work despite old age to meet the needs. But your worries about your retirement can be lessened if you are a member of Social Security System (SSS) where you can receive your monthly pension. For private employees, SSS has become mandatory in the Philippines while it is voluntary for OFWs and self-employed. But what will happen in an SSS membership if there is a gap in member's contribution? Will he still receive a pension?

 This article is filed under: Retirement, SSS, Social Security System, SSS Benefits, SSS Pension, Pension Benefits, Pension Info, Benefits of SSS, claiming SSS benefits
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Overseas Filipino Workers (OFWs) need to save while earning big from working abroad. As OFWs, saving money for an emergency, for our family's future or for our retirement is important. Opening a savings account in a bank that you trust and gives value to your money will inspire you to save more. Bayani OFW Savings from Sterling Bank of Asia is a savings account that comes with no maintaining balance and for as low as P2,000 pesos in your account, your money with grow with interest.

For minimum wage earners, there are times that it is hard to apply for a loan even in government financial institution, how much more in private. If you are receiving around P10,000 a month salary, it is really hard to apply for a loan, since your payslip is number one requirements to know your capacity to pay.


One of the best banks in the Philippines that offers a good option to Overseas Filipino Workers (OFW) is the Chinabank through its Overseas Kabayan Savings. By opening this savings account, you can start saving money for your future or retirement as OFW at the same time, send money to your family in the Philippines. Having a savings account for OFWs is very important because working abroad is not permanent.

If you want a savings account that does not require an initial deposit, you can apply for Sikap Pinoy OFW Account in Bank of Commerce. However, the Sikap Pinoy OFW Account is exclusively for Overseas Filipino Workers (OFW) only and their beneficiaries.

©2018 THOUGHTSKOTO
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Monday, May 29, 2017

How To Compute SSS Sickness Benefit

SSS members who become sick can claim for sickness benefits. However, the sickness benefit may vary depending on the monthly contribution of the member. For your guide on SSS sickness benefit claim, you may refer to the information and example below. Sickness Benefit Computation The amount of a member's sickness benefit per day is equivalent to ninety percent (90%) of the member's average daily salary credit. Benefit Computation: 1. Exclude the semester of sickness. -A quarter refers to three consecutive months ending March, June, September or December. -A semester refers to two consecutive quarters ending in the quarter of sickness. Example: An SSS member got sick for 20 days on the month of September 2012. The quarter of sickness will include the months of July, August and September. And the semester of sickness will be from April 2012 to September 2012. The semester of sickness will be excluded in the computation. 2. Count 12 months backwards starting from the month immediately before the semester of sickness. 3. Identify the six (6) highest MSCs within the 12-month period. Monthly salary credit (MSC) means the compensation base for contributions and benefits related to the total earnings for the month. The maximum covered earnings or compensation is P16,000, effective January 1, 2014. Please refer to the following table: Monthly salary credit salary credit means the compensation base for contributions and benefits related to the total earnings for the month. 4. Add the six (6) highest MSCs to get the total MSC. 5. Divide the total MSC by 180 days to get the ADSC. 6. Multiply the ADSC by ninety percent (90%) to get the daily sickness allowance. 7. Multiply the daily sickness allowance by the approved number of days to arrive at the amount of
SSS members who become sick can claim for sickness benefits. However, the sickness benefit may vary depending on the monthly contribution of the member. 

For your guide on SSS sickness benefit claim, you may refer to the information and example  below. 


Sickness Benefit Computation
The amount of a member's sickness benefit per day is equivalent to ninety percent (90%) of the member's average daily salary credit.
SSS members who become sick can claim for sickness benefits. However, the sickness benefit may vary depending on the monthly contribution of the member. For your guide on SSS sickness benefit claim, you may refer to the information and example below. Sickness Benefit Computation The amount of a member's sickness benefit per day is equivalent to ninety percent (90%) of the member's average daily salary credit. Benefit Computation: 1. Exclude the semester of sickness. -A quarter refers to three consecutive months ending March, June, September or December. -A semester refers to two consecutive quarters ending in the quarter of sickness. Example: An SSS member got sick for 20 days on the month of September 2012. The quarter of sickness will include the months of July, August and September. And the semester of sickness will be from April 2012 to September 2012. The semester of sickness will be excluded in the computation. 2. Count 12 months backwards starting from the month immediately before the semester of sickness. 3. Identify the six (6) highest MSCs within the 12-month period. Monthly salary credit (MSC) means the compensation base for contributions and benefits related to the total earnings for the month. The maximum covered earnings or compensation is P16,000, effective January 1, 2014. Please refer to the following table: Monthly salary credit salary credit means the compensation base for contributions and benefits related to the total earnings for the month. 4. Add the six (6) highest MSCs to get the total MSC. 5. Divide the total MSC by 180 days to get the ADSC. 6. Multiply the ADSC by ninety percent (90%) to get the daily sickness allowance. 7. Multiply the daily sickness allowance by the approved number of days to arrive at the amount of
Benefit Computation:




1. Exclude the semester of sickness.
SSS members who become sick can claim for sickness benefits. However, the sickness benefit may vary depending on the monthly contribution of the member. For your guide on SSS sickness benefit claim, you may refer to the information and example below. Sickness Benefit Computation The amount of a member's sickness benefit per day is equivalent to ninety percent (90%) of the member's average daily salary credit. Benefit Computation: 1. Exclude the semester of sickness. -A quarter refers to three consecutive months ending March, June, September or December. -A semester refers to two consecutive quarters ending in the quarter of sickness. Example: An SSS member got sick for 20 days on the month of September 2012. The quarter of sickness will include the months of July, August and September. And the semester of sickness will be from April 2012 to September 2012. The semester of sickness will be excluded in the computation. 2. Count 12 months backwards starting from the month immediately before the semester of sickness. 3. Identify the six (6) highest MSCs within the 12-month period. Monthly salary credit (MSC) means the compensation base for contributions and benefits related to the total earnings for the month. The maximum covered earnings or compensation is P16,000, effective January 1, 2014. Please refer to the following table: Monthly salary credit salary credit means the compensation base for contributions and benefits related to the total earnings for the month. 4. Add the six (6) highest MSCs to get the total MSC. 5. Divide the total MSC by 180 days to get the ADSC. 6. Multiply the ADSC by ninety percent (90%) to get the daily sickness allowance. 7. Multiply the daily sickness allowance by the approved number of days to arrive at the amount of
-A quarter refers to three consecutive months ending March, June, September or December.
SSS members who become sick can claim for sickness benefits. However, the sickness benefit may vary depending on the monthly contribution of the member. For your guide on SSS sickness benefit claim, you may refer to the information and example below. Sickness Benefit Computation The amount of a member's sickness benefit per day is equivalent to ninety percent (90%) of the member's average daily salary credit. Benefit Computation: 1. Exclude the semester of sickness. -A quarter refers to three consecutive months ending March, June, September or December. -A semester refers to two consecutive quarters ending in the quarter of sickness. Example: An SSS member got sick for 20 days on the month of September 2012. The quarter of sickness will include the months of July, August and September. And the semester of sickness will be from April 2012 to September 2012. The semester of sickness will be excluded in the computation. 2. Count 12 months backwards starting from the month immediately before the semester of sickness. 3. Identify the six (6) highest MSCs within the 12-month period. Monthly salary credit (MSC) means the compensation base for contributions and benefits related to the total earnings for the month. The maximum covered earnings or compensation is P16,000, effective January 1, 2014. Please refer to the following table: Monthly salary credit salary credit means the compensation base for contributions and benefits related to the total earnings for the month. 4. Add the six (6) highest MSCs to get the total MSC. 5. Divide the total MSC by 180 days to get the ADSC. 6. Multiply the ADSC by ninety percent (90%) to get the daily sickness allowance. 7. Multiply the daily sickness allowance by the approved number of days to arrive at the amount of
-A semester refers to two consecutive quarters ending in the quarter of sickness.
SSS members who become sick can claim for sickness benefits. However, the sickness benefit may vary depending on the monthly contribution of the member. For your guide on SSS sickness benefit claim, you may refer to the information and example below. Sickness Benefit Computation The amount of a member's sickness benefit per day is equivalent to ninety percent (90%) of the member's average daily salary credit. Benefit Computation: 1. Exclude the semester of sickness. -A quarter refers to three consecutive months ending March, June, September or December. -A semester refers to two consecutive quarters ending in the quarter of sickness. Example: An SSS member got sick for 20 days on the month of September 2012. The quarter of sickness will include the months of July, August and September. And the semester of sickness will be from April 2012 to September 2012. The semester of sickness will be excluded in the computation. 2. Count 12 months backwards starting from the month immediately before the semester of sickness. 3. Identify the six (6) highest MSCs within the 12-month period. Monthly salary credit (MSC) means the compensation base for contributions and benefits related to the total earnings for the month. The maximum covered earnings or compensation is P16,000, effective January 1, 2014. Please refer to the following table: Monthly salary credit salary credit means the compensation base for contributions and benefits related to the total earnings for the month. 4. Add the six (6) highest MSCs to get the total MSC. 5. Divide the total MSC by 180 days to get the ADSC. 6. Multiply the ADSC by ninety percent (90%) to get the daily sickness allowance. 7. Multiply the daily sickness allowance by the approved number of days to arrive at the amount of
Example: An SSS member got sick for 20 days on the month of September 2012. 
SSS members who become sick can claim for sickness benefits. However, the sickness benefit may vary depending on the monthly contribution of the member. For your guide on SSS sickness benefit claim, you may refer to the information and example below. Sickness Benefit Computation The amount of a member's sickness benefit per day is equivalent to ninety percent (90%) of the member's average daily salary credit. Benefit Computation: 1. Exclude the semester of sickness. -A quarter refers to three consecutive months ending March, June, September or December. -A semester refers to two consecutive quarters ending in the quarter of sickness. Example: An SSS member got sick for 20 days on the month of September 2012. The quarter of sickness will include the months of July, August and September. And the semester of sickness will be from April 2012 to September 2012. The semester of sickness will be excluded in the computation. 2. Count 12 months backwards starting from the month immediately before the semester of sickness. 3. Identify the six (6) highest MSCs within the 12-month period. Monthly salary credit (MSC) means the compensation base for contributions and benefits related to the total earnings for the month. The maximum covered earnings or compensation is P16,000, effective January 1, 2014. Please refer to the following table: Monthly salary credit salary credit means the compensation base for contributions and benefits related to the total earnings for the month. 4. Add the six (6) highest MSCs to get the total MSC. 5. Divide the total MSC by 180 days to get the ADSC. 6. Multiply the ADSC by ninety percent (90%) to get the daily sickness allowance. 7. Multiply the daily sickness allowance by the approved number of days to arrive at the amount of
The quarter of sickness will include the months of July, August and September.
SSS members who become sick can claim for sickness benefits. However, the sickness benefit may vary depending on the monthly contribution of the member. For your guide on SSS sickness benefit claim, you may refer to the information and example below. Sickness Benefit Computation The amount of a member's sickness benefit per day is equivalent to ninety percent (90%) of the member's average daily salary credit. Benefit Computation: 1. Exclude the semester of sickness. -A quarter refers to three consecutive months ending March, June, September or December. -A semester refers to two consecutive quarters ending in the quarter of sickness. Example: An SSS member got sick for 20 days on the month of September 2012. The quarter of sickness will include the months of July, August and September. And the semester of sickness will be from April 2012 to September 2012. The semester of sickness will be excluded in the computation. 2. Count 12 months backwards starting from the month immediately before the semester of sickness. 3. Identify the six (6) highest MSCs within the 12-month period. Monthly salary credit (MSC) means the compensation base for contributions and benefits related to the total earnings for the month. The maximum covered earnings or compensation is P16,000, effective January 1, 2014. Please refer to the following table: Monthly salary credit salary credit means the compensation base for contributions and benefits related to the total earnings for the month. 4. Add the six (6) highest MSCs to get the total MSC. 5. Divide the total MSC by 180 days to get the ADSC. 6. Multiply the ADSC by ninety percent (90%) to get the daily sickness allowance. 7. Multiply the daily sickness allowance by the approved number of days to arrive at the amount of
And the semester of sickness will be from April 2012 to September 2012. The semester of sickness will be excluded in the computation. 

2. Count 12 months backwards starting from the month immediately before the semester of sickness.
SSS members who become sick can claim for sickness benefits. However, the sickness benefit may vary depending on the monthly contribution of the member. For your guide on SSS sickness benefit claim, you may refer to the information and example below. Sickness Benefit Computation The amount of a member's sickness benefit per day is equivalent to ninety percent (90%) of the member's average daily salary credit. Benefit Computation: 1. Exclude the semester of sickness. -A quarter refers to three consecutive months ending March, June, September or December. -A semester refers to two consecutive quarters ending in the quarter of sickness. Example: An SSS member got sick for 20 days on the month of September 2012. The quarter of sickness will include the months of July, August and September. And the semester of sickness will be from April 2012 to September 2012. The semester of sickness will be excluded in the computation. 2. Count 12 months backwards starting from the month immediately before the semester of sickness. 3. Identify the six (6) highest MSCs within the 12-month period. Monthly salary credit (MSC) means the compensation base for contributions and benefits related to the total earnings for the month. The maximum covered earnings or compensation is P16,000, effective January 1, 2014. Please refer to the following table: Monthly salary credit salary credit means the compensation base for contributions and benefits related to the total earnings for the month. 4. Add the six (6) highest MSCs to get the total MSC. 5. Divide the total MSC by 180 days to get the ADSC. 6. Multiply the ADSC by ninety percent (90%) to get the daily sickness allowance. 7. Multiply the daily sickness allowance by the approved number of days to arrive at the amount of
3. Identify the six (6) highest MSCs within the 12-month period. Monthly salary credit (MSC) means the compensation base for contributions and benefits related to the total earnings for the month. 
SSS members who become sick can claim for sickness benefits. However, the sickness benefit may vary depending on the monthly contribution of the member. For your guide on SSS sickness benefit claim, you may refer to the information and example below. Sickness Benefit Computation The amount of a member's sickness benefit per day is equivalent to ninety percent (90%) of the member's average daily salary credit. Benefit Computation: 1. Exclude the semester of sickness. -A quarter refers to three consecutive months ending March, June, September or December. -A semester refers to two consecutive quarters ending in the quarter of sickness. Example: An SSS member got sick for 20 days on the month of September 2012. The quarter of sickness will include the months of July, August and September. And the semester of sickness will be from April 2012 to September 2012. The semester of sickness will be excluded in the computation. 2. Count 12 months backwards starting from the month immediately before the semester of sickness. 3. Identify the six (6) highest MSCs within the 12-month period. Monthly salary credit (MSC) means the compensation base for contributions and benefits related to the total earnings for the month. The maximum covered earnings or compensation is P16,000, effective January 1, 2014. Please refer to the following table: Monthly salary credit salary credit means the compensation base for contributions and benefits related to the total earnings for the month. 4. Add the six (6) highest MSCs to get the total MSC. 5. Divide the total MSC by 180 days to get the ADSC. 6. Multiply the ADSC by ninety percent (90%) to get the daily sickness allowance. 7. Multiply the daily sickness allowance by the approved number of days to arrive at the amount of
The maximum covered earnings or compensation is P16,000, effective January 1, 2014. Please refer to the following table:

SSS members who become sick can claim for sickness benefits. However, the sickness benefit may vary depending on the monthly contribution of the member. For your guide on SSS sickness benefit claim, you may refer to the information and example below. Sickness Benefit Computation The amount of a member's sickness benefit per day is equivalent to ninety percent (90%) of the member's average daily salary credit. Benefit Computation: 1. Exclude the semester of sickness. -A quarter refers to three consecutive months ending March, June, September or December. -A semester refers to two consecutive quarters ending in the quarter of sickness. Example: An SSS member got sick for 20 days on the month of September 2012. The quarter of sickness will include the months of July, August and September. And the semester of sickness will be from April 2012 to September 2012. The semester of sickness will be excluded in the computation. 2. Count 12 months backwards starting from the month immediately before the semester of sickness. 3. Identify the six (6) highest MSCs within the 12-month period. Monthly salary credit (MSC) means the compensation base for contributions and benefits related to the total earnings for the month. The maximum covered earnings or compensation is P16,000, effective January 1, 2014. Please refer to the following table: Monthly salary credit salary credit means the compensation base for contributions and benefits related to the total earnings for the month. 4. Add the six (6) highest MSCs to get the total MSC. 5. Divide the total MSC by 180 days to get the ADSC. 6. Multiply the ADSC by ninety percent (90%) to get the daily sickness allowance. 7. Multiply the daily sickness allowance by the approved number of days to arrive at the amount of
Monthly salary credit salary credit means the compensation base for contributions and benefits related to the total earnings for the month.

4. Add the six (6) highest MSCs to get the total MSC. 
SSS members who become sick can claim for sickness benefits. However, the sickness benefit may vary depending on the monthly contribution of the member. For your guide on SSS sickness benefit claim, you may refer to the information and example below. Sickness Benefit Computation The amount of a member's sickness benefit per day is equivalent to ninety percent (90%) of the member's average daily salary credit. Benefit Computation: 1. Exclude the semester of sickness. -A quarter refers to three consecutive months ending March, June, September or December. -A semester refers to two consecutive quarters ending in the quarter of sickness. Example: An SSS member got sick for 20 days on the month of September 2012. The quarter of sickness will include the months of July, August and September. And the semester of sickness will be from April 2012 to September 2012. The semester of sickness will be excluded in the computation. 2. Count 12 months backwards starting from the month immediately before the semester of sickness. 3. Identify the six (6) highest MSCs within the 12-month period. Monthly salary credit (MSC) means the compensation base for contributions and benefits related to the total earnings for the month. The maximum covered earnings or compensation is P16,000, effective January 1, 2014. Please refer to the following table: Monthly salary credit salary credit means the compensation base for contributions and benefits related to the total earnings for the month. 4. Add the six (6) highest MSCs to get the total MSC. 5. Divide the total MSC by 180 days to get the ADSC. 6. Multiply the ADSC by ninety percent (90%) to get the daily sickness allowance. 7. Multiply the daily sickness allowance by the approved number of days to arrive at the amount of
5. Divide the total MSC by 180 days to get the ADSC. 
SSS members who become sick can claim for sickness benefits. However, the sickness benefit may vary depending on the monthly contribution of the member. For your guide on SSS sickness benefit claim, you may refer to the information and example below. Sickness Benefit Computation The amount of a member's sickness benefit per day is equivalent to ninety percent (90%) of the member's average daily salary credit. Benefit Computation: 1. Exclude the semester of sickness. -A quarter refers to three consecutive months ending March, June, September or December. -A semester refers to two consecutive quarters ending in the quarter of sickness. Example: An SSS member got sick for 20 days on the month of September 2012. The quarter of sickness will include the months of July, August and September. And the semester of sickness will be from April 2012 to September 2012. The semester of sickness will be excluded in the computation. 2. Count 12 months backwards starting from the month immediately before the semester of sickness. 3. Identify the six (6) highest MSCs within the 12-month period. Monthly salary credit (MSC) means the compensation base for contributions and benefits related to the total earnings for the month. The maximum covered earnings or compensation is P16,000, effective January 1, 2014. Please refer to the following table: Monthly salary credit salary credit means the compensation base for contributions and benefits related to the total earnings for the month. 4. Add the six (6) highest MSCs to get the total MSC. 5. Divide the total MSC by 180 days to get the ADSC. 6. Multiply the ADSC by ninety percent (90%) to get the daily sickness allowance. 7. Multiply the daily sickness allowance by the approved number of days to arrive at the amount of
6. Multiply the ADSC by ninety percent (90%) to get the daily sickness allowance. 
SSS members who become sick can claim for sickness benefits. However, the sickness benefit may vary depending on the monthly contribution of the member. For your guide on SSS sickness benefit claim, you may refer to the information and example below. Sickness Benefit Computation The amount of a member's sickness benefit per day is equivalent to ninety percent (90%) of the member's average daily salary credit. Benefit Computation: 1. Exclude the semester of sickness. -A quarter refers to three consecutive months ending March, June, September or December. -A semester refers to two consecutive quarters ending in the quarter of sickness. Example: An SSS member got sick for 20 days on the month of September 2012. The quarter of sickness will include the months of July, August and September. And the semester of sickness will be from April 2012 to September 2012. The semester of sickness will be excluded in the computation. 2. Count 12 months backwards starting from the month immediately before the semester of sickness. 3. Identify the six (6) highest MSCs within the 12-month period. Monthly salary credit (MSC) means the compensation base for contributions and benefits related to the total earnings for the month. The maximum covered earnings or compensation is P16,000, effective January 1, 2014. Please refer to the following table: Monthly salary credit salary credit means the compensation base for contributions and benefits related to the total earnings for the month. 4. Add the six (6) highest MSCs to get the total MSC. 5. Divide the total MSC by 180 days to get the ADSC. 6. Multiply the ADSC by ninety percent (90%) to get the daily sickness allowance. 7. Multiply the daily sickness allowance by the approved number of days to arrive at the amount of
7. Multiply the daily sickness allowance by the approved number of days to arrive at the amount of benefit due. 
With our example  the daily sickness allowance is P 450. 
To get the amount of sickness benefit that Juan will receive we arrive on the following computation:
P 450 x 20 days = P 9,000.00

 Juan will be receiving P 9,000 worth of sickness benefit. 

How many days in a year can a member avail of the sickness benefit? 

 A member can be granted sickness benefit for a maximum of 120 days in one (1) calendar year. Any unused portion of the allowable 120 days sickness benefit cannot be carried forward nor added to the total number of allowed compensable days for the following year. The sickness benefit shall be paid for not more than 240 days on account of the same illness. If the sickness or injury still persists after 240 days, the claim will be considered a disability claim.


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Saturday, September 03, 2016

SSS TO RAISE P600 TO MEMBERS' CONTRIBUTION IF P2K PENSION HIKE PASSES


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THE Social Security System (SSS) is recommending a five percent to six percent in member's contribution if the proposed P2,000 pension hike is approved by the Congress.

According to SSS President and CEO Emilio De Quiros Jr., they are not against pension hike but it is important to have funding mechanism and one option is increasing contribution.



But De Quiros explained that SSS cannot order an increase and it is just a recommendation.

De Quiros added, that if funding mechanism cannot put into law, then they will push for the increase in contribution because it is the only source of SSS fund.

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Last January, former President Benigno Aquino III has refused to sign a Congress-approved measure seeking a P2,000 across-the-board increase in the SSS monthly pension.
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