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Showing posts with label free pension. Show all posts
Showing posts with label free pension. Show all posts

Saturday, April 25, 2020

Alamin Kung Magkano ang Matatanggap Mong SSS Pensyon Base sa Iyong Kontribusyon

Bilang isang miyembro ng SSS, may ideya ka ba kung magkano ang matatanggap mong SSS pension pagkatapos mong magbayad ng iyong kontribusyon?
Bibigyan namin kayo ng idea kung paano ito kinocompute. 
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The monthly pension computation is based on these formulas and whichever the higher value may be, that will be the amount of your monthly pension.
As an SSS member, do you any idea how much you will get after many years of religiously paying your contributions? We will give an idea on how SSS monthly pension is computed. The monthly pension computation is based on this formulas and whichever the higher value may be, that will be the amount of your monthly pension. A) 300 + (20% x AMSC*) + (2% x AMSC) x (CYS** – 10) B) 40% x AMSC; C) The minimum pension of P1,200, if with at least 10 CYS; or P2,400, if with at least 20 CYS, whichever is applicable. *AMSC (Average Monthly Salary Credit) ** CYS (Credited Years of Service) Using three computations above, assuming the case of someone who contributed for 25 years based on the AMSC of P16,000. Using the first formula, we have P300 + 20 percent (16,000) + [2 percent (16,000) x (25-10)]=P300 + P3,200 + [320 x15]=P8,300. The basic pension amount in this case is P8,300. The second formula, which is 40 percent of the AMSC, will be 40 percent of P16,000=P6,400. Applying the third formula would yield P2,400 as the basic pension. Since the law provides that the highest amount shall be granted as the pension, this means that the basic pension shall be P8,300. Sponsored Links For example, the cases of Juan and Pedro. Juan has a monthly salary credit of P1,000 (the lowest salary level subject to the SSS contribution) and contributes to SSS based on this salary for 25 years, while Pedro has a monthly salary credit of P16,000 (the maximum salary as of to-date) and also contributes for 25 years. Juan’s monthly contribution of P110 would total P33,000 after 25 years of contribution to the SSS, while Pedro, whose monthly contribution of P1,7650, would sum up to P528,000 after 25 years. If they both file for retirement pension at the same time and receive pensions for 25 years, Juan, whose pension will amount to P2,400 per month, would have received a total of P780,000, while Pedro, whose monthly pension is P8,300, would have received P2,699,500 after 25 years. If they both pass away their pensions will cross over to their spouses as their primary beneficiaries. Now that you have an idea how much you will be received in case you will retire, it is in your hands how much would you like to contribute for your retirement. The bigger your contribution, the bigger pension you will get once you retired. Read More: Popular Pinoy Stores In Canada 10 Reasons Why Filipinos Love Canada Comparison Of Savings Account In The Philippines: Initial Deposit, Maintaining Balance And Interest Rates Per Annum Mortgage Loan: What You Need To Know Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily Did You Apply for OFW ID and Did You Receive This Email? Jobs Abroad Bound For Korea For As Much As P60k Salary Command Center For OFWs To Be Established Soon ©2018 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
A) 300 + (20% x AMSC*) + (2% x AMSC) x (CYS** – 10)



B) 40% x AMSC; 



C) The minimum pension of P1,200, if with at least 10 CYS; or P2,400, if with at least 20 CYS, whichever is applicable. 

*AMSC (Average Monthly Salary Credit) 
** CYS (Credited Years of Service)

Using three computations above, assuming the case of someone who contributed for 25 years based on the AMSC of P16,000. 
As an SSS member, do you any idea how much you will get after many years of religiously paying your contributions? We will give an idea on how SSS monthly pension is computed. The monthly pension computation is based on this formulas and whichever the higher value may be, that will be the amount of your monthly pension. A) 300 + (20% x AMSC*) + (2% x AMSC) x (CYS** – 10) B) 40% x AMSC; C) The minimum pension of P1,200, if with at least 10 CYS; or P2,400, if with at least 20 CYS, whichever is applicable. *AMSC (Average Monthly Salary Credit) ** CYS (Credited Years of Service) Using three computations above, assuming the case of someone who contributed for 25 years based on the AMSC of P16,000. Using the first formula, we have P300 + 20 percent (16,000) + [2 percent (16,000) x (25-10)]=P300 + P3,200 + [320 x15]=P8,300. The basic pension amount in this case is P8,300. The second formula, which is 40 percent of the AMSC, will be 40 percent of P16,000=P6,400. Applying the third formula would yield P2,400 as the basic pension. Since the law provides that the highest amount shall be granted as the pension, this means that the basic pension shall be P8,300. Sponsored Links For example, the cases of Juan and Pedro. Juan has a monthly salary credit of P1,000 (the lowest salary level subject to the SSS contribution) and contributes to SSS based on this salary for 25 years, while Pedro has a monthly salary credit of P16,000 (the maximum salary as of to-date) and also contributes for 25 years. Juan’s monthly contribution of P110 would total P33,000 after 25 years of contribution to the SSS, while Pedro, whose monthly contribution of P1,7650, would sum up to P528,000 after 25 years. If they both file for retirement pension at the same time and receive pensions for 25 years, Juan, whose pension will amount to P2,400 per month, would have received a total of P780,000, while Pedro, whose monthly pension is P8,300, would have received P2,699,500 after 25 years. If they both pass away their pensions will cross over to their spouses as their primary beneficiaries. Now that you have an idea how much you will be received in case you will retire, it is in your hands how much would you like to contribute for your retirement. The bigger your contribution, the bigger pension you will get once you retired. Read More: Popular Pinoy Stores In Canada 10 Reasons Why Filipinos Love Canada Comparison Of Savings Account In The Philippines: Initial Deposit, Maintaining Balance And Interest Rates Per Annum Mortgage Loan: What You Need To Know Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily Did You Apply for OFW ID and Did You Receive This Email? Jobs Abroad Bound For Korea For As Much As P60k Salary Command Center For OFWs To Be Established Soon ©2018 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below

Using the first formula, we have P300 + 20 percent (16,000) + [2 percent (16,000) x (25-10)]=P300 + P3,200 + [320 x15]=P8,300. The basic pension amount in this case is P8,300.

The second formula, which is 40 percent of the AMSC, will be 40 percent of P16,000=P6,400.
As an SSS member, do you any idea how much you will get after many years of religiously paying your contributions? We will give an idea on how SSS monthly pension is computed. The monthly pension computation is based on this formulas and whichever the higher value may be, that will be the amount of your monthly pension. A) 300 + (20% x AMSC*) + (2% x AMSC) x (CYS** – 10) B) 40% x AMSC; C) The minimum pension of P1,200, if with at least 10 CYS; or P2,400, if with at least 20 CYS, whichever is applicable. *AMSC (Average Monthly Salary Credit) ** CYS (Credited Years of Service) Using three computations above, assuming the case of someone who contributed for 25 years based on the AMSC of P16,000. Using the first formula, we have P300 + 20 percent (16,000) + [2 percent (16,000) x (25-10)]=P300 + P3,200 + [320 x15]=P8,300. The basic pension amount in this case is P8,300. The second formula, which is 40 percent of the AMSC, will be 40 percent of P16,000=P6,400. Applying the third formula would yield P2,400 as the basic pension. Since the law provides that the highest amount shall be granted as the pension, this means that the basic pension shall be P8,300. Sponsored Links For example, the cases of Juan and Pedro. Juan has a monthly salary credit of P1,000 (the lowest salary level subject to the SSS contribution) and contributes to SSS based on this salary for 25 years, while Pedro has a monthly salary credit of P16,000 (the maximum salary as of to-date) and also contributes for 25 years. Juan’s monthly contribution of P110 would total P33,000 after 25 years of contribution to the SSS, while Pedro, whose monthly contribution of P1,7650, would sum up to P528,000 after 25 years. If they both file for retirement pension at the same time and receive pensions for 25 years, Juan, whose pension will amount to P2,400 per month, would have received a total of P780,000, while Pedro, whose monthly pension is P8,300, would have received P2,699,500 after 25 years. If they both pass away their pensions will cross over to their spouses as their primary beneficiaries. Now that you have an idea how much you will be received in case you will retire, it is in your hands how much would you like to contribute for your retirement. The bigger your contribution, the bigger pension you will get once you retired. Read More: Popular Pinoy Stores In Canada 10 Reasons Why Filipinos Love Canada Comparison Of Savings Account In The Philippines: Initial Deposit, Maintaining Balance And Interest Rates Per Annum Mortgage Loan: What You Need To Know Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily Did You Apply for OFW ID and Did You Receive This Email? Jobs Abroad Bound For Korea For As Much As P60k Salary Command Center For OFWs To Be Established Soon ©2018 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
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Applying the third formula would yield P2,400 as the basic pension. 
As an SSS member, do you any idea how much you will get after many years of religiously paying your contributions? We will give an idea on how SSS monthly pension is computed. The monthly pension computation is based on this formulas and whichever the higher value may be, that will be the amount of your monthly pension. A) 300 + (20% x AMSC*) + (2% x AMSC) x (CYS** – 10) B) 40% x AMSC; C) The minimum pension of P1,200, if with at least 10 CYS; or P2,400, if with at least 20 CYS, whichever is applicable. *AMSC (Average Monthly Salary Credit) ** CYS (Credited Years of Service) Using three computations above, assuming the case of someone who contributed for 25 years based on the AMSC of P16,000. Using the first formula, we have P300 + 20 percent (16,000) + [2 percent (16,000) x (25-10)]=P300 + P3,200 + [320 x15]=P8,300. The basic pension amount in this case is P8,300. The second formula, which is 40 percent of the AMSC, will be 40 percent of P16,000=P6,400. Applying the third formula would yield P2,400 as the basic pension. Since the law provides that the highest amount shall be granted as the pension, this means that the basic pension shall be P8,300. Sponsored Links For example, the cases of Juan and Pedro. Juan has a monthly salary credit of P1,000 (the lowest salary level subject to the SSS contribution) and contributes to SSS based on this salary for 25 years, while Pedro has a monthly salary credit of P16,000 (the maximum salary as of to-date) and also contributes for 25 years. Juan’s monthly contribution of P110 would total P33,000 after 25 years of contribution to the SSS, while Pedro, whose monthly contribution of P1,7650, would sum up to P528,000 after 25 years. If they both file for retirement pension at the same time and receive pensions for 25 years, Juan, whose pension will amount to P2,400 per month, would have received a total of P780,000, while Pedro, whose monthly pension is P8,300, would have received P2,699,500 after 25 years. If they both pass away their pensions will cross over to their spouses as their primary beneficiaries. Now that you have an idea how much you will be received in case you will retire, it is in your hands how much would you like to contribute for your retirement. The bigger your contribution, the bigger pension you will get once you retired. Read More: Popular Pinoy Stores In Canada 10 Reasons Why Filipinos Love Canada Comparison Of Savings Account In The Philippines: Initial Deposit, Maintaining Balance And Interest Rates Per Annum Mortgage Loan: What You Need To Know Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily Did You Apply for OFW ID and Did You Receive This Email? Jobs Abroad Bound For Korea For As Much As P60k Salary Command Center For OFWs To Be Established Soon ©2018 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below

Since the law provides that the highest amount shall be granted as the pension, this means that the basic pension shall be P8,300. 
As an SSS member, do you any idea how much you will get after many years of religiously paying your contributions? We will give an idea on how SSS monthly pension is computed. The monthly pension computation is based on this formulas and whichever the higher value may be, that will be the amount of your monthly pension. A) 300 + (20% x AMSC*) + (2% x AMSC) x (CYS** – 10) B) 40% x AMSC; C) The minimum pension of P1,200, if with at least 10 CYS; or P2,400, if with at least 20 CYS, whichever is applicable. *AMSC (Average Monthly Salary Credit) ** CYS (Credited Years of Service) Using three computations above, assuming the case of someone who contributed for 25 years based on the AMSC of P16,000. Using the first formula, we have P300 + 20 percent (16,000) + [2 percent (16,000) x (25-10)]=P300 + P3,200 + [320 x15]=P8,300. The basic pension amount in this case is P8,300. The second formula, which is 40 percent of the AMSC, will be 40 percent of P16,000=P6,400. Applying the third formula would yield P2,400 as the basic pension. Since the law provides that the highest amount shall be granted as the pension, this means that the basic pension shall be P8,300. Sponsored Links For example, the cases of Juan and Pedro. Juan has a monthly salary credit of P1,000 (the lowest salary level subject to the SSS contribution) and contributes to SSS based on this salary for 25 years, while Pedro has a monthly salary credit of P16,000 (the maximum salary as of to-date) and also contributes for 25 years. Juan’s monthly contribution of P110 would total P33,000 after 25 years of contribution to the SSS, while Pedro, whose monthly contribution of P1,7650, would sum up to P528,000 after 25 years. If they both file for retirement pension at the same time and receive pensions for 25 years, Juan, whose pension will amount to P2,400 per month, would have received a total of P780,000, while Pedro, whose monthly pension is P8,300, would have received P2,699,500 after 25 years. If they both pass away their pensions will cross over to their spouses as their primary beneficiaries. Now that you have an idea how much you will be received in case you will retire, it is in your hands how much would you like to contribute for your retirement. The bigger your contribution, the bigger pension you will get once you retired. Read More: Popular Pinoy Stores In Canada 10 Reasons Why Filipinos Love Canada Comparison Of Savings Account In The Philippines: Initial Deposit, Maintaining Balance And Interest Rates Per Annum Mortgage Loan: What You Need To Know Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily Did You Apply for OFW ID and Did You Receive This Email? Jobs Abroad Bound For Korea For As Much As P60k Salary Command Center For OFWs To Be Established Soon ©2018 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
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As an SSS member, do you any idea how much you will get after many years of religiously paying your contributions? We will give an idea on how SSS monthly pension is computed. The monthly pension computation is based on this formulas and whichever the higher value may be, that will be the amount of your monthly pension. A) 300 + (20% x AMSC*) + (2% x AMSC) x (CYS** – 10) B) 40% x AMSC; C) The minimum pension of P1,200, if with at least 10 CYS; or P2,400, if with at least 20 CYS, whichever is applicable. *AMSC (Average Monthly Salary Credit) ** CYS (Credited Years of Service) Using three computations above, assuming the case of someone who contributed for 25 years based on the AMSC of P16,000. Using the first formula, we have P300 + 20 percent (16,000) + [2 percent (16,000) x (25-10)]=P300 + P3,200 + [320 x15]=P8,300. The basic pension amount in this case is P8,300. The second formula, which is 40 percent of the AMSC, will be 40 percent of P16,000=P6,400. Applying the third formula would yield P2,400 as the basic pension. Since the law provides that the highest amount shall be granted as the pension, this means that the basic pension shall be P8,300. Sponsored Links For example, the cases of Juan and Pedro. Juan has a monthly salary credit of P1,000 (the lowest salary level subject to the SSS contribution) and contributes to SSS based on this salary for 25 years, while Pedro has a monthly salary credit of P16,000 (the maximum salary as of to-date) and also contributes for 25 years. Juan’s monthly contribution of P110 would total P33,000 after 25 years of contribution to the SSS, while Pedro, whose monthly contribution of P1,7650, would sum up to P528,000 after 25 years. If they both file for retirement pension at the same time and receive pensions for 25 years, Juan, whose pension will amount to P2,400 per month, would have received a total of P780,000, while Pedro, whose monthly pension is P8,300, would have received P2,699,500 after 25 years. If they both pass away their pensions will cross over to their spouses as their primary beneficiaries. Now that you have an idea how much you will be received in case you will retire, it is in your hands how much would you like to contribute for your retirement. The bigger your contribution, the bigger pension you will get once you retired. Read More: Popular Pinoy Stores In Canada 10 Reasons Why Filipinos Love Canada Comparison Of Savings Account In The Philippines: Initial Deposit, Maintaining Balance And Interest Rates Per Annum Mortgage Loan: What You Need To Know Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily Did You Apply for OFW ID and Did You Receive This Email? Jobs Abroad Bound For Korea For As Much As P60k Salary Command Center For OFWs To Be Established Soon ©2018 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
For example, the cases of Juan and Pedro. Juan has a monthly salary credit of P1,000 (the lowest salary level subject to the SSS contribution) and contributes to SSS based on this salary for 25 years, while Pedro has a monthly salary credit of P16,000 (the maximum salary as of to-date) and also contributes for 25 years. 
As an SSS member, do you any idea how much you will get after many years of religiously paying your contributions? We will give an idea on how SSS monthly pension is computed. The monthly pension computation is based on this formulas and whichever the higher value may be, that will be the amount of your monthly pension. A) 300 + (20% x AMSC*) + (2% x AMSC) x (CYS** – 10) B) 40% x AMSC; C) The minimum pension of P1,200, if with at least 10 CYS; or P2,400, if with at least 20 CYS, whichever is applicable. *AMSC (Average Monthly Salary Credit) ** CYS (Credited Years of Service) Using three computations above, assuming the case of someone who contributed for 25 years based on the AMSC of P16,000. Using the first formula, we have P300 + 20 percent (16,000) + [2 percent (16,000) x (25-10)]=P300 + P3,200 + [320 x15]=P8,300. The basic pension amount in this case is P8,300. The second formula, which is 40 percent of the AMSC, will be 40 percent of P16,000=P6,400. Applying the third formula would yield P2,400 as the basic pension. Since the law provides that the highest amount shall be granted as the pension, this means that the basic pension shall be P8,300. Sponsored Links For example, the cases of Juan and Pedro. Juan has a monthly salary credit of P1,000 (the lowest salary level subject to the SSS contribution) and contributes to SSS based on this salary for 25 years, while Pedro has a monthly salary credit of P16,000 (the maximum salary as of to-date) and also contributes for 25 years. Juan’s monthly contribution of P110 would total P33,000 after 25 years of contribution to the SSS, while Pedro, whose monthly contribution of P1,7650, would sum up to P528,000 after 25 years. If they both file for retirement pension at the same time and receive pensions for 25 years, Juan, whose pension will amount to P2,400 per month, would have received a total of P780,000, while Pedro, whose monthly pension is P8,300, would have received P2,699,500 after 25 years. If they both pass away their pensions will cross over to their spouses as their primary beneficiaries. Now that you have an idea how much you will be received in case you will retire, it is in your hands how much would you like to contribute for your retirement. The bigger your contribution, the bigger pension you will get once you retired. Read More: Popular Pinoy Stores In Canada 10 Reasons Why Filipinos Love Canada Comparison Of Savings Account In The Philippines: Initial Deposit, Maintaining Balance And Interest Rates Per Annum Mortgage Loan: What You Need To Know Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily Did You Apply for OFW ID and Did You Receive This Email? Jobs Abroad Bound For Korea For As Much As P60k Salary Command Center For OFWs To Be Established Soon ©2018 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below

Juan’s monthly contribution of P110 would total P33,000 after 25 years of contribution to the SSS, while Pedro, whose monthly contribution of P1,7650, would sum up to P528,000 after 25 years.
As an SSS member, do you any idea how much you will get after many years of religiously paying your contributions? We will give an idea on how SSS monthly pension is computed. The monthly pension computation is based on this formulas and whichever the higher value may be, that will be the amount of your monthly pension. A) 300 + (20% x AMSC*) + (2% x AMSC) x (CYS** – 10) B) 40% x AMSC; C) The minimum pension of P1,200, if with at least 10 CYS; or P2,400, if with at least 20 CYS, whichever is applicable. *AMSC (Average Monthly Salary Credit) ** CYS (Credited Years of Service) Using three computations above, assuming the case of someone who contributed for 25 years based on the AMSC of P16,000. Using the first formula, we have P300 + 20 percent (16,000) + [2 percent (16,000) x (25-10)]=P300 + P3,200 + [320 x15]=P8,300. The basic pension amount in this case is P8,300. The second formula, which is 40 percent of the AMSC, will be 40 percent of P16,000=P6,400. Applying the third formula would yield P2,400 as the basic pension. Since the law provides that the highest amount shall be granted as the pension, this means that the basic pension shall be P8,300. Sponsored Links For example, the cases of Juan and Pedro. Juan has a monthly salary credit of P1,000 (the lowest salary level subject to the SSS contribution) and contributes to SSS based on this salary for 25 years, while Pedro has a monthly salary credit of P16,000 (the maximum salary as of to-date) and also contributes for 25 years. Juan’s monthly contribution of P110 would total P33,000 after 25 years of contribution to the SSS, while Pedro, whose monthly contribution of P1,7650, would sum up to P528,000 after 25 years. If they both file for retirement pension at the same time and receive pensions for 25 years, Juan, whose pension will amount to P2,400 per month, would have received a total of P780,000, while Pedro, whose monthly pension is P8,300, would have received P2,699,500 after 25 years. If they both pass away their pensions will cross over to their spouses as their primary beneficiaries. Now that you have an idea how much you will be received in case you will retire, it is in your hands how much would you like to contribute for your retirement. The bigger your contribution, the bigger pension you will get once you retired. Read More: Popular Pinoy Stores In Canada 10 Reasons Why Filipinos Love Canada Comparison Of Savings Account In The Philippines: Initial Deposit, Maintaining Balance And Interest Rates Per Annum Mortgage Loan: What You Need To Know Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily Did You Apply for OFW ID and Did You Receive This Email? Jobs Abroad Bound For Korea For As Much As P60k Salary Command Center For OFWs To Be Established Soon ©2018 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
If they both file for retirement pension at the same time and receive pensions for 25 years, Juan, whose pension will amount to P2,400 per month, would have received a total of P780,000, while Pedro, whose monthly pension is P8,300, would have received P2,699,500 after 25 years.
As an SSS member, do you any idea how much you will get after many years of religiously paying your contributions? We will give an idea on how SSS monthly pension is computed. The monthly pension computation is based on this formulas and whichever the higher value may be, that will be the amount of your monthly pension. A) 300 + (20% x AMSC*) + (2% x AMSC) x (CYS** – 10) B) 40% x AMSC; C) The minimum pension of P1,200, if with at least 10 CYS; or P2,400, if with at least 20 CYS, whichever is applicable. *AMSC (Average Monthly Salary Credit) ** CYS (Credited Years of Service) Using three computations above, assuming the case of someone who contributed for 25 years based on the AMSC of P16,000. Using the first formula, we have P300 + 20 percent (16,000) + [2 percent (16,000) x (25-10)]=P300 + P3,200 + [320 x15]=P8,300. The basic pension amount in this case is P8,300. The second formula, which is 40 percent of the AMSC, will be 40 percent of P16,000=P6,400. Applying the third formula would yield P2,400 as the basic pension. Since the law provides that the highest amount shall be granted as the pension, this means that the basic pension shall be P8,300. Sponsored Links For example, the cases of Juan and Pedro. Juan has a monthly salary credit of P1,000 (the lowest salary level subject to the SSS contribution) and contributes to SSS based on this salary for 25 years, while Pedro has a monthly salary credit of P16,000 (the maximum salary as of to-date) and also contributes for 25 years. Juan’s monthly contribution of P110 would total P33,000 after 25 years of contribution to the SSS, while Pedro, whose monthly contribution of P1,7650, would sum up to P528,000 after 25 years. If they both file for retirement pension at the same time and receive pensions for 25 years, Juan, whose pension will amount to P2,400 per month, would have received a total of P780,000, while Pedro, whose monthly pension is P8,300, would have received P2,699,500 after 25 years. If they both pass away their pensions will cross over to their spouses as their primary beneficiaries. Now that you have an idea how much you will be received in case you will retire, it is in your hands how much would you like to contribute for your retirement. The bigger your contribution, the bigger pension you will get once you retired. Read More: Popular Pinoy Stores In Canada 10 Reasons Why Filipinos Love Canada Comparison Of Savings Account In The Philippines: Initial Deposit, Maintaining Balance And Interest Rates Per Annum Mortgage Loan: What You Need To Know Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily Did You Apply for OFW ID and Did You Receive This Email? Jobs Abroad Bound For Korea For As Much As P60k Salary Command Center For OFWs To Be Established Soon ©2018 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below

If they both pass away, their pensions will cross over to their spouses as their primary beneficiaries.

Now that you have an idea how much you will be received in case you will retire, it is in your hands how much would you like to contribute for your retirement. The bigger your contribution, the bigger pension you will get once you retired.

TRY THIS CALCULATOR HERE. INPUT YOUR MONTHLY CONTRIBUTION AND NUMBER OF YEARS YOU PAID AND YOUR CATEGORY WHETHER EMPLOYED, SELF-EMPLOYED, OFW, OR VOLUNTARY MEMBER 

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Tuesday, August 02, 2016

QUESTION AND ANSWER: DSWD PENSION FOR SENIOR CITIZEN, HOW TO AVAIL?



Retirement planning is one of things that is sometimes being neglected by many specially those who are underprivileged. It may not be the best pension plan that our government can give, but surely this  retirement plan that is available from the Department of Social Welfare and Development could still help pay some expenses for our senior citizens. 

 The retirement information below are some of the common question and answers to the  question of many regarding the pension and retirement guide for our indigent senior citizen. 

Frequently asked questions about Social Pension of Department of Social Welfare and Development Office (DSWD) for Indigent Senior Citizen.

1. Who can be the beneficiaries?
  • All 60 years old and above Filipinos in every region in the Philippines including ARMM and NCR.


2. Who are qualified?
Senior citizens who are poor

2. Senior citizens with no pension, no family support and living below poverty
3. Senior citizens who are frail, sickly and disabled and being identified by DSWD with the help of the National Coordinating and Monitoring Board.
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3. What are the documents needed?

A photocopy of any valid
  • identification card with picture of the beneficiaries or birth certificate of senior citizen to be submitted in the Office of the Senior Citizen's Affairs Office (OSCA) or in City/Municipal Social Welfare and Development Office.
  • A senior citizen may submit personally the documents or thru his relatives
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4. What is the benefit?


P500 per month pension

  • (which aims to better the lives of indigent senior citizens by helping them augment their daily subsistence, particularly food and medicine.)


5. When to received the
pension?

 A social pensioner will
  • receive the amount of P1, 500 every three months or P6, 000 every year.

6. How will they received
the pension?

 They can get the stipend
  • through Land Bank, postal money order or door-to-door money delivery, DSWD pay-out and fund transfer to LGUs.



DSWD's  Pension for indigent Senior Citizen

Pursuant to the eligibility criteria as may be determined by the DSWD, indigent
senior citizens shall be entitled to a monthly stipend amounting to Five
hundred pesos (P500.00) to augment the daily subsistence and other medical
needs of senior citizens

The grant of  pension shall be subject to a review every two (2) years by Congress, in consultation with the DSWD within three months
after convening the Congress.

Aside from the benefits accorded to our senior citizens like low fees for senior citizens transportation, senior citizen tax assistance, senior citizen healthcare for free, and other benefits, the government aim to take care of our senior citizens by giving some of them the pension plan of a certain amount as free pension to those who are less fortunate.




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STEP BY STEP PROCESS ON HOW TO AVAIL OF SENIOR CITIZEN'S PENSION AND OTHER BENEFITS




This retirement pension may not be enough  and may not fully cover the expenses and needs of a senior citizen. However for us who are still young what we could do is to carefully plan for our retirement and seek for the best retirement  plan to sustain us on our needs when our retirement comes. 
©2016 THOUGHTSKOTO


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