Author Topic: All About SSS (Social Security System) (Read 90829 times)

annanymous · « **Reply #15 on:** Jul 22, 2007, 04:06 PM »

^

Hindi naman. Oks lang po. Salamat uli.

nailbiter · « **Reply #16 on:** Jul 23, 2007, 10:04 AM »

Quote from: annanymous on Jul 22, 2007, 10:51 AM

paano ba nako-compute ang matatanggap na pension? Yung sa tatay ko kasi sobrang baba.

Kailangan nga rin naming ipa-verify yung contributions ng erpat ko para sa pension niya. 25 years lang ang credited years of service niya samantalang mahigit 30 years na siya sa huling employer niya na lang, wala pa yung mga nauna.

Mula sa Social Security Act of 1997 (R.A. 8282):

SEC. 8. Terms Defined.

...

(m) Average monthly salary credit - The result obtained by dividing the sum of the last sixty (60) monthly salary credits immediately preceding the semester of contingency by sixty (60), or the result obtained by dividing the sum of all the monthly salary credits paid prior to the semester of contingency by the number of monthly contributions paid in the same period, whichever is greater: Provided, That the injury or sickness which caused the disability shall be deemed as the permanent disability for the purpose of computing the average monthly salary credit.

...

(q) Credited years of service - For a member covered prior to January nineteen hundred and eighty five (1985) minus the calendar year of coverage plus the number of calendar years in which six (6) or more contributions have been paid from January nineteen hundred and eighty five (1985) up to the calendar year containing the semester prior to the contingency. For a member covered in or after January nineteen hundred and eighty five (1985), the number of calendar years in which six (6) or more contributions have been paid from the year of coverage up to the calendar year containing the semester prior to the contingency: Provided, That the Commission may provide for a different number of contributions in a calendar year for it to be considered as a credited year of service.

...

SEC. 12. Monthly Pension. - (a) The monthly pension shall be the highest of the following amounts:

(1) The sum of the following:

(i) Three hundred pesos (P300.00; plus

(ii) Twenty percent (20%) of the average monthly salary credit; plus

(iii) Two percent (2%) of the average monthly salary credit for each credited year of service in excess of ten (10) years; or

(2) Forth percent (40%) of the average monthly salary credit; or

(3) One thousand pesos (P1,000.00): Provided, That the monthly pension shall in no case be paid for an aggregate amount of less than sixty (60) months.

(b) Notwithstanding the preceding paragraph, the minimum pension shall be One thousand two hundred pesos (P1,200.00) for members with at least ten (10) credited years of service and Two thousand four hundred pesos (P2,400.00) for those with twenty (20) credited years of service.

Mula sa www.gov.ph:

How much monthly pension will a retiree receive?
The monthly pension will be the highest of:

1. the sum of P300 plus 20 per cent of the average monthly salary credit plus two per cent of the average monthly salary credit for each credited year of service in excess of 10 years; or
2. 40 per cent of the average monthly salary credit; or
3. P1,200, provided, that the monthly pension is paid for not less than 60 months.

The lowest monthly pension is P1,200 if the member has 120 monthly contributions; P2,400 if he has at least 20 credited years of service.

A retiree has the option to receive his first 18 monthly pensions in lump sum discounted at a preferential rate of interest to be determined by the SSS. The option should be exercised upon filing of the first retirement claim. Only advance payments shall be discounted on the date of payment. The dependents' and 13th month pensions are excluded from the 18-months lump sum pension.

Should there be an increase in the monthly pension within the 18-month period, the discounted interest rate will be applied.

The member will receive his monthly pension on the 19th month.

The advanced amount will be deducted from future pensions.

ZEPCHE · « **Reply #17 on:** Jul 23, 2007, 12:45 PM »

may question lang po regarding voluntary contributions.

pwede pa ba bayaran un mga previous months na nde ka nakapag contribute???
kse since May 2007 nde ko nakapag hulog, pag nagbayad kaya ko this month para sa May, June, July, papasok pa din sya sa dun sa mga months na un or para dun na sa next 3months???

nailbiter · « **Reply #18 on:** Jul 23, 2007, 12:53 PM »

Nung magbayad kami non for missed months para sa katulong namin, may penalties na. Pina-compute muna namin sa SSS branch mismo kung magkano yung babayaran.

todjikid · « **Reply #19 on:** Aug 05, 2007, 02:40 AM »

is it true that if you opt to get your monthly pension when you retire, you no longer have disability benefits? eto ksi ang sabi ng ate ng partner ko na sobrang dugas nung naaksidente ang tatay nila 2 months ago, 2 months nang coma. i have this suspicion that she's keeping the money all to herself.

nailbiter · « **Reply #20 on:** Aug 05, 2007, 09:15 AM »

Just to clarify, your partner's dad is already receiving his retirement pension and your question is whether or not he's still qualified to receive disability benefits?

todjikid · « **Reply #21 on:** Aug 06, 2007, 12:57 PM »

yes, that's correct nailbiter. he is over 65 yrs old had been receiving pension. would he still be eligible for disability benefits?

maria · « **Reply #22 on:** Aug 06, 2007, 03:13 PM »

yun uncle ko. suspended yun pension nya kasi nagpput-up sya ng business a few years after his retirement. bawal daw ito. eh pano naman nya bubuhayin ang family nya with one child still in school sa pension nyang sobrang baba-P1500?

arts24 · « **Reply #23 on:** Aug 06, 2007, 03:24 PM »

^paano naging bawal eh.. nag papa advance pa nga ng 18 months ang sss para meron gagamitin ang member sa pag start ng bizness.. then after 18 months saka mag start ang pag recieved ng pension ng member..

Quote from: nailbiter on Jul 23, 2007, 10:04 AM

A retiree has the option to receive his first 18 monthly pensions in lump sum discounted at a preferential rate of interest to be determined by the SSS. The option should be exercised upon filing of the first retirement claim. Only advance payments shall be discounted on the date of payment. The dependents' and 13th month pensions are excluded from the 18-months lump sum pension.

Should there be an increase in the monthly pension within the 18-month period, the discounted interest rate will be applied.

The member will receive his monthly pension on the 19th month.

The advanced amount will be deducted from future pensions. [/color][/size]

my father avail this 18 months advance and enjoyed his monthly pension right now..

ekimonk · « **Reply #24 on:** Aug 06, 2007, 04:20 PM »

tanong ko lang..around how much ba itong SSS pension? totoo ba na around 2000 pesos a month lang?

kailangan na matuto kumain ng sardinas araw araw..heheh

arts24 · « **Reply #25 on:** Aug 06, 2007, 04:54 PM »

ekimonk · « **Reply #26 on:** Aug 06, 2007, 05:11 PM »

^ parang lumilitaw its 2400.. assuming you retire at age 40..

sardinas pa din..hehehe..

nailbiter · « **Reply #27 on:** Aug 07, 2007, 09:48 AM »

todjikid, good question. Kapag tumatanggap na ba ng retirement pension, hindi na ba entitled sa sickness at disability benefit? Baka pwedeng masagot yan ng wife ni dwin. Sana mabasa ni dwin.

maria and arts24, bawal nga. Ang mangyayari kasi, habang may income siya, expected siya na mag-contribute ulit.

Quote

What happens when the retirement pensioner resumes employment?

The monthly pension of a retirement pensioner who resumes employment and is less than 65 years old will be suspended. He and his employer will again be subject to compulsory coverage.

Magiging self-employed na yung registration niya kung sarili niyang business ang source ng income niya. Again, take note, that is if maria's uncle is younger than 65.

Quote

Who may qualify for a retirement benefit?

A member who is 60 years old and unemployed and has paid at least 120 monthly contributions prior to the semester of retirement.

A member who is 65 years old, whether employed or not. If employed he should have paid 120 monthly contributions prior to the semester of retirement, whether employed or not.

ekimonk, maliit talaga pero hindi necessarily 2,400. Depende sa income bracket at number of contributions.

arts24 · « **Reply #28 on:** Aug 07, 2007, 10:55 AM »

Quote from: maria on Aug 06, 2007, 03:13 PM

yun uncle ko. suspended yun pension nya kasi nagpput-up sya ng business a few years after his retirement. bawal daw ito. eh pano naman nya bubuhayin ang family nya with one child still in school sa pension nyang sobrang baba-P1500?

yun na naman plah.. hinde pa palah retired ang member akala ko retired nah.. hindi pa palah naka abot ng 65.. si maria talaga oo.. hindi sinabi if dis ability retirement or optional retirement, o kaya force retirement at the age of 60-65, but in the case of the child if the child is below 21 y.o. stil there is a pension for the child..

dahil nag business ang uncle mo mag self employed na lamang para continue ang contribution, i think mas malaki ang makukuha nya sa pension niya pag umaabot sya ng force retirement if completo ang remittance nya..

todjikid · « **Reply #29 on:** Aug 14, 2007, 07:17 PM »

question lang mga bro,

naka-coma kasi ngayon ang tito ko and we found a couple of SSS checks that haven't been encashed dating 2004. It has PNB as its bank. would it still be valid if we go to PNB and have it encashed since my uncle could is still unconscious (3 months running) or can we have it deposited to any bank. We fear that it might bounce. Valid pa rin ba ang checks even after more than3 years? Can we process it on his behalf?