The Basics Of Social Security System (SSS) That You Need To Know [Updated]

The Basics Of Social Security System (SSS) That You Need To Know [Updated]

Nearly every working Filipino in the private sector contributes monthly to the SSS or the Social Security System fund, but not everyone understands the benefits they qualify for, nor how the system works. It is an insurance program mandated by the Philippine government to cover all income earners or workers in the private sector, in contrast, government workers are covered by the GSIS or Government Service Insurance System.

The SSS basically derives its funds from member’s contributions and investment earnings. Such portion of the contributions that are not needed for benefit disbursements goes to a Reserve Fund, which is intended to cover future liabilities in benefit payments of the SSS to its over 29 million members to date.

How To Register And Apply For An SSS Number?

Registration for an SSS account can now be done online. Simply go to this website: https://www.sss.gov.ph/sss/rcsmi/main.html to get started. The follow the following steps:

  1. Accomplish all fields of the online form correctly.
  2. A link shall be sent to the registrant’s email which will enable them to continue with their SS Number application.
    Note: The link shall expire in 5 days and once it expires, the registrant will have to repeat the first step of the registration process.
  3. Once the link is clicked, the registrant must supply all the required information from Basic Information up to Beneficiaries Information correctly.
  4. Prior to generation of SS number, the registrant may review and correct their electronically filled out registration form. Once an SSS Number is already generated, applicant will need to go to the SSS Branch to correct his/her information.
  5. After clicking the “Generate SS Number” button, the system will display the SSS number of the registrant and an option to print their ePersonal Record and SS Number Slip. The registrant will also receive an email confirmation which indicates his/her SS number, a copy of his/her SS Number Slip and other instruction to complete his/her SS Number application.
  6. Print the Personal Record Form, SS Number Slip including the SSS Number Application Confirmation email body sent to you by the SS Number Issuance System.
  7. Go to your nearest SSS Branch and submit the required documentary requirements together with the SSS Number slip.
  8. If married, bring a copy of your Marriage Contract
  9. If has child/ren, also bring a copy of the child/ren’s Birth Certificate
  10. For Non-Working Spouse, your working spouse must sign before his/her name on the printed Personal Record Form. The signature of your working spouse signifies that he/she agrees with your SSS Membership.

Reminders

  1. Registrant is advised to go to the nearest SSS Branch for submission of the required supporting documents.
  2. Registrant’s membership status with SSS shall remain “Temporary” until submission of the required supporting documents. This means that the SS Number can only be used for:
    • Contribution payment and employee reporting by the employer.
    • Submission of required documents for conversion of Membership Status from “Temporary” to “Permanent”.
  3. Availment of SSS loans and benefits (subject to qualifying conditions) and UMID Card Application (provided applicant has one (1) posted contribution) shall be allowed only for Permanent Membership Status.

What Are The Requirements For SSS Application?

  1. Birth Certificate
  2. In the absence of the Birth Certificate, any of the following documents:
    • Baptismal Certificate
    • Driver’s License
    • Passport
    • Professional Regulation Commission (PRC) card
    • Seaman’s Book(Seafarer’s Identification and Record Book)
  3. In the absence of the above ID card(s) and/or documents, any two (2) of the following, both with the correct name and at least one(1) with date of birth:
    • (GSIS) card/Member’s Record/Certificate of Membership
    • ATM Card (with cardholder’s name)
    • Alien Certificate of Registration
    • Bank Account Passbook
    • Baptismal Certificate of child/ren
    • Birth Certificate of child/ren
    • Cert. of Licensure/Qualification Document from Maritime Industry Auth.
    • Certificate from Office of Muslim Affairs
    • Certificate from Office of Northern Cultural Community
    • Certificate from Office of Southern Cultural Community
    • Certificate of Naturalization from the Bureau of Immigration
    • Company ID card
    • Company Representative Authorization Card(ACR) issued by SSS
    • Credit card
    • Firearm License card issued by Philippine National Police (PNP)
    • Fisherman’s card issued by Bureau of Fisheries and Aquatic Resources (BFAR)
    • Health or Medical Card
    • Home Development Mutual Fund (Pag-IBIG) Member’s Data Form
    • ID card issued by (LGUs) (e.g Barangay/Municipality/City)
    • ID card issued by professional association recognized by PRC
    • Life Insurance Policy
    • Marriage Contract/Certificate of Marriage
    • Membership card issued by Private Co.
    • National Bureau of Investigation (NBI) Clearance
    • Overseas Worker Welfare Administration (OWWA) card
    • Philippine Health Insurance Corporation (PHIC) ID card/Member Data Record
    • Police Clearance
    • Postal ID card
    • School ID card
    • Seafarer’s Registration Certificate issued by (POEA)
    • Senior Citizen card
    • Student Permit issued by Land Transportation Office (LTO)
    • Taxpayer’s Identification Number (TIN) card
    • Transcript of Records

How Can I Get An SSS ID / UMID?

Unified Multipurpose ID or UMID, it’s the updated version of the SSS ID which combines information from other government agencies such as Pag-IBIG, GSIS, and Philhealth. A registered SSS member is entitled to this ID and can only be applied for voluntarily. UMID application can only be done in an SSS branch, here’s how!

  1. Prepare two valid IDs
  2. Go to an SSS branch.
  3. Fill up their UMID application form.
  4. Submit the form to the verication counter
  5. After verifying your documents, you’ll be instructed to proceed to the ID capture booth, fingerprint scanning and electronic signature process. 

Your UMID will be mailed to your address within five (5) to seven (7) working days for addresses in Metro Manila, seven (7) to ten (10) working days for outside Metro Manila, and ten (10) to 20 working days for remote areas.

How Much Of Your Income Is Required For SSS Contribution?

Your monthly contribution is based on your compensation. The current SSS contribution rate is 11% of the monthly salary credit not exceeding ₱16,000 and this is shared by the employer (7.37%) and the employee (3.63%).

For instance: 

If your monthly salary is ₱30,000, your contribution will only be based on ₱16,000 (which is the highest monthly salary credit). You shall then pay the amount of ₱581.30, while your employer will pay ₱1,208.70, for a total contribution of ₱1,790.00 per month.

For self-employed and voluntary members, the contribution rate is 11% of the monthly salary credit (MSC) based on the monthly earnings declared at the time of registration. For OFWs, the minimum monthly salary credit is pegged at ₱5,000. Meanwhile, non-working spouses’ monthly contribution is based on 50% of the working spouse’s last posted monthly salary credit but in no case shall it be lower than ₱1,000.

How Is The SSS Retirement Benefit Computed?

To compute your monthly pension, the SSS uses the values of three formulas. So if you are a member who has a monthly salary of ₱30,000.00, and who decides to retire at age 60 with a total of 30 years’ worth of contributions, you may be qualified to a monthly pension based on whichever amount is higher based on the following calculations:

For your information

Example:  Average total contribution is ₱1,790.00 x 30 years x 12 months = ₱644,400.00.

  1. The sum of ₱300 plus 20% of the average monthly salary credit plus 2% of the average monthly salary credit for each credited year of service (CYS) in excess of ten years;

Pension: (AMSC) 20% + (AMSC) 2% for year of service in excess of 10 years + ₱300

: (₱16,000*20%) + (₱16,000*2%*20 years) + ₱300

: ₱3,200 + ₱6,400 + ₱300

: ₱9,900.00

  1. Forty (40) percent of the average monthly salary credit:

Pension: (AMSC) 40%

: (₱16,000*40%)

: ₱6,400.00

  1. ₱1,200, if the CYS is at least 10 but less than 20; or ₱2,400, if the CYS is 20 or more.  

Pension: ₱2,400.00 since you have more than 20 CYS

Accordingly, the highest value yielded by any of the formulas, which in this case is ₱9,900.00, shall be your monthly pension upon retirement.

It is important to note that members only receive the lifetime pension support if they have contributed for at least 120 months or 10 years, otherwise a lump sum amount equivalent to the member’s total contribution plus some interest will be given.

Can You Get Advanced Retiree Benefits Once You Retire?

Yes, but it can be exercised only when filing the first retirement claim. Basically, you, as a retiree-member, have the option to receive your first 18 months’ pension paid out in lump sum, but discounted at a preferential rate of interest to be determined by the SSS. You shall then thereafter start receiving your pension on the 19th month, and every month thereafter.

Who Should Be Covered By SSS As Mandated By Law?

Compulsory coverage is the mandatory registration of employees, employers and self-employed persons with the SSS, with corresponding payment and remittance of social security contributions. To be specific, they are the following:

Employer (ER) An ER is any person who uses and pays for the services of another person in any business, trade, industry, or undertaking.
Employee (EE) An EE could be:

  • a worker in the private sector, regardless of status of employment, whether permanent, temporary, or provisional, who is not over 60 years of age (up to 60th birthday, if initial coverage);
  • a house helper who is not over 60 years of age (up to 60th birthday, if initial coverage);
  • a Filipino seafarer, upon signing of the standard employment contract and actual deployment by the manning agency and the foreign principal, who are considered as the ERs; or
  • a worker of a foreign government or international organization, or its wholly-owned instrumentalities, with an approved Administrative Agreement with the SSS.
Self-Employed (SE) An SE is an individual who is:

  • engaged in any trade, business or occupation, who has no ER other than himself,
  • derives an income of at least ₱1,000 a month from his/her physical and mental efforts, and
  • not over 60 years of age (if initial coverage).

What Is Voluntary SSS Coverage?

Voluntary coverage is the non-mandatory registration and payment of social security contributions by any of the following:

Voluntary Member (VM) A VM is one:

  • who was previously covered as an SSS member either as an EE, SE, or OFW;
  • has at least one (1) posted contribution;
  • is no longer engaged or working as either an EE, SE, OFW, or has no income/earnings as such for a given period; and
  • opts to continue paying contributions on a voluntary basis to maintain his/her right to full SSS benefits.
Overseas Filipino Worker (OFW) An OFW is any of the following types of overseas-based Filipino:

  • recruited in the Philippines by foreign-based ERs for employment abroad;
  • having a source of income in a foreign country; or
  • residing permanently in a foreign country.
Non-Working Spouse (NWS) An NWS is a married person who devotes full time in the management of the household and family affairs, unless he/she is engaged in other vocation or employment that is subject to mandatory coverage.

When Does SSS Member Coverage Take Effect?

It depends on the type of SSS membership.

ER On the first day he/she hires the first EE(s).
EE On the first day of his/her employment.
SE On the month and year of first monthly contribution payment, provided that it is not earlier than the declared “Start of Business” in the SSS Form E-1; or retroactive on the applicable month and year of the first contribution payment.
OFW On the applicable month and year of the first contribution payment based on the payment deadline for OFWs.
NWS On the applicable month and year of the first contribution payment.

SSS Contribution Table For 2019

Use the table below to find out how much will be your total monthly contribution and your employer’s contribution based on your compensation. For self-employed, OFWs, and voluntary members, your salary credit will depend on your declaration of monthly earnings at the time of registration.

Contribution rate of 11% will be applied to all formally employed individuals in the Philippines. In their most recent update, SSS now however, being self-employed or based abroad, you will need to shoulder the entire cost of contribution compared to regular local employees compared to regular local employees. The breakdown for each type of employment are represented in the following tables:

For regular employees

Salary range Monthly Salary Credit SS Contribution EC Contribution
Employer Employee Total ER
BELOW – 2,250 2,000 160.00 80.00 240.00 10
2,250 – 2,749.99 2,500 200.00 100.00 300.00 10
2,750 – 3,249.99 3,000 240.00 120.00 360.00 10
3,250 – 3,749.99 3,500 280.00 140.00 420.00 10
3,750 – 4,249.99 4,000 320.00 160.00 480.00 10
4250 – 4,749.99 4,500 360.0 180.00 540.00 10
4,750 – 5249.99 5,000 400.00 200.00 600.00 10
5,250 – 5,749.99 5,500 440.00 220.00 660.00 10
5,750 – 6,249.99 6,000 480.00 240.00 20.00 10
6,250 – 6,749.99 6,500 520.00 260.00 780.00 10
6,750 – 7,249.99 7,000 560.00 280.00 840.00 10
7,250 – 7,749.99 7,500 600.00 300.00 900.00 10
7,750 – 8,249.99 8,000 640.00 320.00 960.00 10
8,250 – 8,749.99 8,500 680.00 340.00 1,020.00 10
8.750 – 9,249.99 9,000 720.00 360.00 1,080.00 10
9,250 – 9,749.99 9,500 760.00 380.00 1,140.00 10
9,750 – 10,249.99 10,000 800.00 400.00 1,200.00 10
10,250 – 10,749.99 10,500 840.00 420.00 1,260.00 10
10,760 – 11,249.99 11,000 880.00 440.00 1,320.00 10
11,250 – 11,749.99 11,500 920.00 460.00 1,380.00 10
11,750 – 12,249.99 12,000 960.00 480.00 1,440.00 10
12,250 – 12,749.99 12,500 1,000.00 500.00 1,500.00 10
12,760 – 13,249.99 13,000 1,040.00 520.00 1,560.00 10
13,250 – 13,749.99 13,500 1,080.00 540.00 1,620.00 10
13,750 – 14,249.99 14,000 1,120.00 560.00 1,680.00 10
14,250 – 14,749.99 14,500 1,160.00 580.00 1,740.00 10
14,750 – 15,249.99 15,000 1,200.00 600.00 1,800.00 30
15,250 – 15,749.99 15,500 1,240.00 620.00 1,860.00 30
15,750 – 16,249.99 16,000 1,280.00 640.00 1,920.00 30
16,250 – 16,749.99 16,500 1,320.00 660.00 1,980.00 30
16,750 – 17,249.99 17,000 1,360.00 680.00 2,040.00 30
17,250 – 17,749.99 17,500 1,400.00 700.00 2,100.00 30
17,750 – 18,249.99 18,000 1,440.00 720.00 2,160.00 30
18,250 – 18,749.99 18,500 1,480.00 740.00 2,220.00 30
18,750 – 19,249.99 19,000 1,520.00 760.00 2,280.00 30
19,250 – 19,749.99 19,500 1,560.00 780.00 2,340.00 30
19,750 and above 20,000 1,600.00 800.00 2,400.00 30

For self-employed, voluntary, and non-working members

Salary Monthly Salary Credit SS Contribution
BELOW – 2,250 2,000 240.00
2,250 – 2,749.99 2,500 300.00
2,750 – 3,249.99 3,000 360.00
3,250 – 3,749.99 3,500 420.00
3,750 – 4,249.99 4,000 480.00
4250 – 4,749.99 4,500 540.00
4,750 – 5249.99 5,000 600.00
5,250 – 5,749.99 5,500 660.00
5,750 – 6,249.99 6,000 20.00
6,250 – 6,749.99 6,500 780.00
6,750 – 7,249.99 7,000 840.00
7,250 – 7,749.99 7,500 900.00
7,750 – 8,249.99 8,000 960.00
8,250 – 8,749.99 8,500 1,020.00
8.750 – 9,249.99 9,000 1,080.00
9,250 – 9,749.99 9,500 1,140.00
9,750 – 10,249.99 10,000 1,200.00
10,250 – 10,749.99 10,500 1,260.00
10,760 – 11,249.99 11,000 1,320.00
11,250 – 11,749.99 11,500 1,380.00
11,750 – 12,249.99 12,000 1,440.00
12,250 – 12,749.99 12,500 1,500.00
12,760 – 13,249.99 13,000 1,560.00
13,250 – 13,749.99 13,500 1,620.00
13,750 – 14,249.99 14,000 1,680.00
14,250 – 14,749.99 14,500 1,740.00
14,750 – 15,249.99 15,000 1,800.00
15,250 – 15,749.99 15,500 1,860.00
15,750 – 16,249.99 16,000 1,920.00
16,250 – 16,749.99 16,500 1,980.00
16,750 – 17,249.99 17,000 2,040.00
17,250 – 17,749.99 17,500 2,100.00
17,750 – 18,249.99 18,000 2,160.00
18,250 – 18,749.99 18,500 2,220.00
18,750 – 19,249.99 19,000 2,280.00
19,250 – 19,749.99 19,500 2,340.00
19,750 and above 20,000 2,400.00

For household employers and kasambahay

Range of Compensation Monthly Salary Credit SS Contribution EC Contribution Total Contribution
ER EE Total ER ER EE Total
BELOW – 1,250 1,000 120.00   120.00 10.00 130.00   130.00
1,250 – 1,749.99 1,500 180.00   180.00 10.00 190.00   190.00
1,750 – 2,249.99 2,000 240.00   240.00 10.00 250.00   250.00
2,250 – 2,749.99 2,500 300.00   300.00 10.00 310.00   310.00
2,750 – 3,249.99 3,000 360.00   360.00 10.00 370.00   370.00
3,250 – 3,749.99 3,500 420.00   420.00 10.00 430.00   430.00
3,750 – 4,249.99 4,000 480.00   480.00 10.00 490.00   490.00
4,250 – 4,749.99 4,500 540.00   540.00 10.00 550.00   550.00
4,750 – 4,999.99 5,000 600.00   600.00 10.00 610.00   610.00
5,000 – 5,249.99 5,000 400.00 200.00 600.00 10.00 410.00 200.00 610.00
5,250 – 5,749.99 5,500 440.00 220.00 660.00 10 450.00 220.00 670.00
5,750 – 6,249.99 6,000 480.00 240.00 720.00 10.00 490.00 240.00 730.00
6,250 – 6,749.99 6,500 520.00 260.00 780.00 10 530.00 260.00 790.00
6,750 – 7,249.99 7,000 560.00 280.00 840.00 10 570.00 280.00 850.00
7,250 – 7,749.99 7,500 600.00 300.00 900.00 10 610.00 300.00 910.00
7,750 – 8,249.99 8,000 640.00 320.00 960.00 10 650.00 320.00 970.00
8,250 – 8,749.99 8,500 680.00 340.00 1,020.00 10 690.00 340.00 1,030.00
8.750 – 9,249.99 9,000 720.00 360.00 1,080.00 10 730.00 360.00 1,090.00
9,250 – 9,749.99 9,500 760.00 380.00 1,140.00 10 770.00 380.00 1,150.00
9,750 – 10,249.99 10,000 800.00 400.00 1,200.00 10 810.00 400.00 1,210.00
10,250 – 10,749.99 10,500 840.00 420.00 1,260.00 10 850.00 420.00 1,270.00
10,760 – 11,249.99 11,000 880.00 440.00 1,320.00 10 890.00 440.00 1,330.00
11,250 – 11,749.99 11,500 920.00 460.00 1,380.00 10 930.00 460.00 1,390.00
11,750 – 12,249.99 12,000 960.00 480.00 1,440.00 10 970.00 480.00 1,450.00
12,250 – 12,749.99 12,500 1,000.00 500.00 1,500.00 10 1,010.00 500.00 1,510.00
12,760 – 13,249.99 13,000 1,040.00 520.00 1,560.00 10 1,050.00 520.00 1,570.00
13,250 – 13,749.99 13,500 1,080.00 540.00 1,620.00 10 1,090.00 540.00 1,630.00
13,750 – 14,249.99 14,000 1,120.00 560.00 1,680.00 10 1,130.00 560.00 1,690.00
14,250 – 14,749.99 14,500 1,160.00 580.00 1,740.00 10 1,170.00 580.00 1,750.00
14,750 – 15,249.99 15,000 1,200.00 600.00 1,800.00 30 1,230.00 600.00 1,830.00
15,250 – 15,749.99 15,500 1,240.00 620.00 1,860.00 30 1,270.00 620.00 1,890.00
15,750 – 16,249.99 16,000 1,280.00 640.00 1,920.00 30 1,310.00 640.00 1,950.00
16,250 – 16,749.99 16,500 1,320.00 660.00 1,980.00 30 1,350.00 660.00 2,010.00
16,750 – 17,249.99 17,000 1,360.00 680.00 2,040.00 30 1,390.00 680.00 2,070.00
17,250 – 17,749.99 17,500 1,400.00 700.00 2,100.00 30 1,430.00 700.00 2,130.00
17,750 – 18,249.99 18,000 1,440.00 720.00 2,160.00 30 1,470.00 720.00 2,190.00
18,250 – 18,749.99 18,500 1,480.00 740.00 2,220.00 30 1,510.00 740.00 2,250.00
18,750 – 19,249.99 19,000 1,520.00 760.00 2,280.00 30 1,550.00 760.00 2,310.00
19,250 – 19,749.99 19,500 1,560.00 780.00 2,340.00 30 1,590.00 780.00 2,370.00
19,750 and above 20,000 1,600.00 800.00 2,400.00 30 1,630.00 800.00 2,430.00

For land-based and sea-based Overseas Filipino Workers (OFW) 

Range of Compensation Monthly Salary Credit SS Contribution EC Contribution Total Contribution
ER EE Total ER ER EE Total
BELOW 8,250 8,000 640.00 320.00 960.00 10 650.00 320.00 970.00
8,250 – 8,749.99 8,500 680.00 340.00 1,020.00 10 690.00 340.00 1,030.00
8.750 – 9,249.99 9,000 720.00 360.00 1,080.00 10 730.00 360.00 1,090.00
9,250 – 9,749.99 9,500 760.00 380.00 1,140.00 10 770.00 380.00 1,150.00
9,750 – 10,249.99 10,000 800.00 400.00 1,200.00 10 810.00 400.00 1,210.00
10,250 – 10,749.99 10,500 840.00 420.00 1,260.00 10 850.00 420.00 1,270.00
10,760 – 11,249.99 11,000 880.00 440.00 1,320.00 10 890.00 440.00 1,330.00
11,250 – 11,749.99 11,500 920.00 460.00 1,380.00 10 930.00 460.00 1,390.00
11,750 – 12,249.99 12,000 960.00 480.00 1,440.00 10 970.00 480.00 1,450.00
12,250 – 12,749.99 12,500 1,000.00 500.00 1,500.00 10 1,010.00 500.00 1,510.00
12,760 – 13,249.99 13,000 1,040.00 520.00 1,560.00 10 1,050.00 520.00 1,570.00
13,250 – 13,749.99 13,500 1,080.00 540.00 1,620.00 10 1,090.00 540.00 1,630.00
13,750 – 14,249.99 14,000 1,120.00 560.00 1,680.00 10 1,130.00 560.00 1,690.00
14,250 – 14,749.99 14,500 1,160.00 580.00 1,740.00 10 1,170.00 580.00 1,750.00
14,750 – 15,249.99 15,000 1,200.00 600.00 1,800.00 30 1,230.00 600.00 1,830.00
15,250 – 15,749.99 15,500 1,240.00 620.00 1,860.00 30 1,270.00 620.00 1,890.00
15,750 – 16,249.99 16,000 1,280.00 640.00 1,920.00 30 1,310.00 640.00 1,950.00
16,250 – 16,749.99 16,500 1,320.00 660.00 1,980.00 30 1,350.00 660.00 2,010.00
16,750 – 17,249.99 17,000 1,360.00 680.00 2,040.00 30 1,390.00 680.00 2,070.00
17,250 – 17,749.99 17,500 1,400.00 700.00 2,100.00 30 1,430.00 700.00 2,130.00
17,750 – 18,249.99 18,000 1,440.00 720.00 2,160.00 30 1,470.00 720.00 2,190.00
18,250 – 18,749.99 18,500 1,480.00 740.00 2,220.00 30 1,510.00 740.00 2,250.00
18,750 – 19,249.99 19,000 1,520.00 760.00 2,280.00 30 1,550.00 760.00 2,310.00
19,250 – 19,749.99 19,500 1,560.00 780.00 2,340.00 30 1,590.00 780.00 2,370.00
19,750 and above 20,000 1,600.00 800.00 2,400.00 30 1,630.00 800.00 2,430.00
Source: https://sssinquiries.com/contributions/new-sss-contributions-table-and-payment-schedule-2019/

Types Of SSS Benefits

The benefits under the Social Security Program are:

  • Sickness Benefit. It’s a daily cash allowance paid for the number of days a member is unable to work due to sickness or injury.
  • Maternity Benefit. It’s a daily cash allowance granted to a female member who is unable to work due to childbirth or miscarriage.
  • Disability Benefit. It’s 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.
  • Retirement Benefit. It’s a cash benefit granted – either as a monthly compensation or a lump-sum amount – to a member who can no longer work due to old age.
  • Death. It’s a cash benefit granted – either as a monthly compensation or lump-sum amount – to the beneficiaries of a deceased member.
  • Funeral. A funeral grant of ₱20,000 to whoever paid for the burial expenses of the deceased member.
  • Salary Loan. It’s a cash loan granted to an employed, currently – paying self-employed or voluntary member. It is intended to meet the member’s short-term credit needs.

Can A Member Withdraw Their SSS Membership?

No. When a person registers and is covered for SSS membership, he/she becomes a member for life.

If Your SSS Card Was Lost Or If You Forgot Your SSS number, Should You Secure Another Number?

No. The SSS number assigned to a member is a lifetime number and must always be used in all transactions with the SSS. If the member wishes to replace a lost SSS ID card or cannot remember his/her SSS number, it is advisable to inquire from the nearest SSS branch.

Who Are Considered As Primary SSS Beneficiaries?

Your primary beneficiaries are your legitimate dependent spouse until he or she remarries, and your dependent children – whether legitimated or legally adopted, or illegitimate, who are not yet 21 years old.

If you’re single and without children, the benefits will go to your parents who are considered as your secondary beneficiaries.

In the absence of both primary and secondary beneficiaries, any other person that you designate in your SSS records shall be considered as the beneficiary.

What Happens To My SSS Contribution If I Lose My Job?

Upon separation from employment, your employer’s obligation to pay your SSS contributions ceases at the end of the month of separation. However, you shall still be credited with all the contributions paid on your behalf and remain entitled to SSS benefits and privileges. You may also opt to continue paying the total contributions as a voluntary member to maintain your right to full benefits.

There you have it, a rundown of some of the most important things to know about the SSS. Keep in mind that being aware of your obligations and benefits under the program will give you an advantage in times of need. This article is far from exhaustive though, so it will be best to check out the official site of the SSS from time to time.

Aside from a salary loan, the SSS also provides its members the benefit of getting a home loan. If you’re looking to purchase a property and considering taking a loan, you can read this article to compare the differences between a Commercial Bank, SSS, and Pag-IBIG housing loans.

This article was first published in November 2017 and has been updated for freshness, accuracy and comprehensiveness.

 

Leave your comment