Author Topic: SSS Peso Fund  (Read 7900 times)

0 Members and 1 Guest are viewing this topic.

palailai

  • Forum Tambay
  • *
  • Posts: 503
  • Thanks Received: 4
SSS Peso Fund
« on: Sep 26, 2014, 04:49 PM »
Advertisement
ISSS unveils provident fund program for members

ABS-CBNnews.com
Posted at 09/25/2014 4:50 PM | Updated as of 09/25/2014 4:51 PM
MANILA -- The Social Security System (SSS) has opened a voluntary provident fund program that offers its members an additional way of saving for their retirement.

The SSS Personal Equity and Saving Option (SSS PESO) fund, a new retirement savings scheme, is an alternative and tax-free investment that would help members accumulate adequate income in retirement and earn a reasonable rate of return.

"SSS PESO savings can be used to supplement the benefits available under the regular SSS program. It offers guaranteed earnings based on rates higher than those at brick-and-mortar banks," said SSS President and Chief Executive Officer Emilio S. de Quiros, Jr.

The SSS PESO fund is open to all members below the age of 55, with six consecutive SSS contributions within the last 12 months prior to enrollment, and have not yet filed final claims with the SSS.

Qualified members can participate for a minimum contribution of P1,000 up to a maximum of P100,000 per year.

"One's membership will start upon receipt of first contribution. Succeeding SSS PESO Fund contributions can be made anytime as long as there is a corresponding SSS contribution on the month of contribution," De Quiros added.

De Quiros added that self-employed, voluntary and OFW members are qualified for the program, provided they pay the maximum SSS contribution.

Savings in the SSS PESO fund are invested in sovereign-guaranteed investments, where 65 percent of the total fund is allocated for retirement, and 35 percent is for medical and general purposes.

SSS PESO accounts will be charged a 1 percent administration fee annually.

"The portion for retirement is guaranteed to earn income based on interest rates of five-year Treasury yields, while earnings of the fund allotted for medical and general purposes will be based on 364-day Treasury bill rates," De Quiros said.

Aside from the guaranteed earnings, De Quiros said SSS PESO Fund members may also get excess earnings, which will be credited automatically to their accounts, depending on the actual year-end performance of the SSS PESO Fund.

Savings in SSS PESO fund can be withdrawn upon the member’s effective date of retirement or total disability with the SSS either in monthly pensions over a minimum period of 12 months and P1,000 payment per month, in lump sum, or combination of both.

☻☻☻Is this a good investment for retirement? I'd like to know your analysis/opinion...

francesdeniel

  • Full-Time Poster
  • *
  • Posts: 184
  • Thanks Received: 0
Re: SSS Peso Fund
« Reply #1 on: Sep 27, 2014, 08:49 AM »
Good! Just like the MP2.
Don't panic, think big!

mxherr5

  • PMT Jedi
  • *
  • Posts: 1,407
  • Thanks Received: 0
Re: SSS Peso Fund
« Reply #2 on: Oct 16, 2014, 01:16 PM »
Savings in SSS PESO fund can be withdrawn upon the member’s effective date of retirement or total disability with the SSS either in monthly pensions over a minimum period of 12 months and P1,000 payment per month, in lump sum, or combination of both.

Awww napaka haba ng lock in period para sa guaranteed rate.
I wonder how much they expect the extra dividend rate to be?

Kung ang total ay more than 10% then I'd like at this more pero kung bihira or maliit lng ang extra then wag na lang.

freelancer_babe

  • Forum Tambay
  • *
  • Posts: 529
  • Thanks Received: 1
Re: SSS Peso Fund
« Reply #3 on: Feb 05, 2017, 12:52 AM »
How does one fund an SSS Peso fund. I hope going to an SSS branch is not the only option to contribute for this?

I have activated mine but could not see any writeup to fund this.
Catch a man a fish and you can sell it to him. Teach a man to fish and you ruin a wonderful business opportunity. (Karl Marx)

angeljme

  • Posting Specialist
  • *
  • Posts: 318
  • Thanks Received: 1
Re: SSS Peso Fund
« Reply #4 on: Feb 06, 2017, 11:14 AM »
^--- all excess contribution would be for Peso Fund.  Same lang ng monthly contribution ang pagbabayad.

sysonpyh

  • Senior Member
  • *
  • Posts: 146
  • Thanks Received: 0
Re: SSS Peso Fund
« Reply #5 on: Mar 04, 2017, 04:57 AM »
10k per year for 30yrs good na sa akin...cguro ang rate nito is 3-9% per anum if gov securities..
THE HUNGRY NEVER GETS FED

freelancer_babe

  • Forum Tambay
  • *
  • Posts: 529
  • Thanks Received: 1
Re: SSS Peso Fund
« Reply #6 on: Mar 10, 2017, 02:16 AM »
^--- all excess contribution would be for Peso Fund.  Same lang ng monthly contribution ang pagbabayad.

So ibig sabihin, ipapa-arrange ko sa employer na magbayad ako ng excess? Automatic pupunta ba yun sa Peso Fund?

Tama kaya ang intindi ko?
Catch a man a fish and you can sell it to him. Teach a man to fish and you ruin a wonderful business opportunity. (Karl Marx)

 


PMT Shoutbox

Refresh History
  • bizmaxpower: Try to visit this link who knows it can help your personal concerns in life! This link --> https://web.facebook.com/Kajwide-Philippines-1252237654807406/ .
    Aug 14, 2018, 09:55 PM
  • Mary Jane: nagpapautang po ba dto?
    Aug 13, 2018, 08:02 PM
  • makeenithar: anyone selling paypal fund here? bili ako
    Aug 10, 2018, 03:59 PM
  • princess4: Hello there!!! newbie here and love reading all Business threads!! Dami ko natutunan! keep it up mga sir
    Aug 04, 2018, 01:29 AM
  • Mr.Ken: Does anyone here became an amazon or shopify seller? Pano po ginagawa nyo?
    Aug 02, 2018, 05:01 PM
  • Niel Jhacoubs: Sino po gustong maretailer dyan? One sim All Networks na po siya including satellites, games and call cards.
    Jul 31, 2018, 02:58 PM
  • Edgnaako15: Just join in, hopefully ill learn lots of thing in this forum...
    Jul 29, 2018, 05:38 PM
  • losvalientes: Im a newbie here, hello all!!! :)
    Jul 26, 2018, 02:40 PM
  • FutureGizmo: Hi MarkL, here's the PinoyMoneyTalk Guide on Mutual Fund investing: https://www.pinoymoneytalk.com/mutual-funds/ Hope this helps! :)
    Jul 13, 2018, 10:27 PM
  • MarkL: what is the best mutual fund? And how to invest?
    Jul 13, 2018, 04:50 AM
  • MarkL: looking for elaoding business here
    Jul 13, 2018, 04:43 AM
  • rytsl2: hi
    Jul 11, 2018, 09:21 PM
  • SamanthaB: Hello! May I know what's the purpose of this shout out feature? Newbie here:)
    Jul 10, 2018, 02:29 PM
  • Lorlyn: newbie
    Jul 06, 2018, 10:30 PM
  • mariaivy029: hi!
    Jul 01, 2018, 12:25 AM
  • jbd2018: i am looking for investments and insurances can somebody help me be enlighten...send me your quotes
    Jun 29, 2018, 03:50 PM
  • jbd2018: i am thinking where  to invest and buy insurances
    Jun 29, 2018, 03:49 PM
  • ajustiiine: :b_happy: :b_happy:
    Jun 27, 2018, 11:35 PM
  • CuriousDB: Is Amaia Skies in Shaw a good investment opportunity in terms of rental income?
    Jun 16, 2018, 02:08 PM
  • nerdyimay: besh saan nkkbili ng murang mannequin
    Jun 12, 2018, 03:41 AM
  • MeEnamore: I'm looking for someone who can help me add money to my paypal account without bank account. Please.
    Jun 09, 2018, 10:21 PM
  • 3iuoj: Fundko legit ba?
    May 23, 2018, 08:43 PM
  • katiepuno: sino po nagpapa loan here?
    May 19, 2018, 06:07 AM
  • Forexanalysis: hello all
    May 11, 2018, 01:43 PM
  • saiyan125: Hello, I have a 01 hectare agricultural land in Magsaysay, Quezon. I want to lease it to a company or person who is interested to develop this land.
    May 09, 2018, 08:19 PM
  • SeekJustice: RIVERGREEN unit of CDC REALTY maging fair kayo huwag kayo manlamang ng kliyente nanamantala kayo
    Apr 29, 2018, 12:54 PM
  • ishteldalosa: Hello. Anong book po puwede niyo marecommend for affiliate marketers? Thanks!
    Apr 27, 2018, 06:46 PM
  • jmmj1123: sir or mam
    Apr 27, 2018, 10:39 AM
  • jmmj1123: good morning
    Apr 27, 2018, 10:39 AM
  • plouie021: pm me naman po dun sa mga nagpapa loan dito. thanks
    Apr 26, 2018, 03:36 AM
  • wonli87: Interested in doing captcha sa phone nila,  pm me for details.  This is not networking haha pure captcha job
    Apr 24, 2018, 10:03 AM
  • bizmaxpower: @ cadientejomel <-- try to respect this chat room stop posting your referral links here.
    Apr 24, 2018, 02:57 AM
  • n0name_04: Good day po! If you are new in the stock market and want to identify the mistakes newbies do in the stock market, you can read this ebook "The 20 Pitfalls You Must Avoid If You Are New In The Stock Market". This ebook will show the mistakes to avoid in the stock market before you commit them in the first place.If you commit less mistakes, you will increase your chances of earning in the stock market as compared to newbies out there. Please visit www.stockmarketbeginnerbook.com to get your copy. Thank you!
    Apr 23, 2018, 08:03 PM
  • cadientejomel: Sino gusto kumita? Legit to.
    Apr 22, 2018, 01:56 PM
  • Senyor: welcome to the Sensational Bull Runs mga kabayans... BAT: $.40 cents ViTA: Php3.15
    Apr 22, 2018, 01:13 PM
  • wonli87: Hi all,  has anyone heard about uvumoneysite?  Need to know if this is legit
    Apr 21, 2018, 01:40 AM
  • SeekJustice: Please lang po ang CDC REALTY we thought tapos na kmi sa balance nmn sa rivergreen nagbayad kmi dapat move in na kaso ang sinasabi  meron daw kmi bayaran na interest wala po kami loan how come they will charged an interest. 2016 turn over daw pero hindi natuloy un dahil sa issue ng museum nasa news pa noon yun then natuloy ng 2018 1st qrtr kaya kmi napauwi ng Philippines para ayusin at bayaran lahat ng dapat bayaran sa Rivergreen yun pla gugulatin kami ng ganun unfair ang ginagawa nila i want to report to HLURB kaso me mga cases hindi nla naasikaso meron po ba mkakatulong po sana na magrecommend na abugado po ng real estate please thank you
    Apr 20, 2018, 06:07 AM
  • mitzc: hello people! newbie here and I am particularly interested for the informations about stocks investments.. MF/UITF/VUL.... i have been reading some discussions from the forums here and they are all informative so i decided to register so I can participate in the discussions and probably some people here can help me understand how the stocks works. KUDOS to the moderators. thank you in advance
    Apr 18, 2018, 04:03 AM
  • bizmaxpower: Kung totoo man yan walang tao dito sa Pinas na maghihiram ng ganyan kalaking pera imbes nakatulong problema pa ang nangyari ang iba sa kanila ay hind realistic ang presentation!
    Apr 13, 2018, 12:46 PM
  • bizmaxpower: Babala sa mga kaPTMers ingat sa mga Scammers ang mga iba niyan ay galing pa sa ibang bansa. Kung common sense lang ang paguuspan bakit kelangan nila magalok ng services dito sa Pilipinas.
    Apr 13, 2018, 12:44 PM
  • saly: Hello po.. magttnong lang po ako kung paano po proseso ng  smart padala.. gstu ko po sana ksi sya idgdg dto sa maliit na tindhan ko..
    Apr 11, 2018, 09:53 PM
  • John AG: hello po
    Apr 11, 2018, 04:31 PM
  • ASARABIA04: Hi Im looking for an agent of Sunlife , Prulife UK and Philam life? message me ASAP
    Apr 08, 2018, 10:48 AM
  • ASARABIA04: ASARABIA04
    Apr 08, 2018, 10:47 AM
  • jiggoy29: Hello po, ask ko lang kung ano mga requirements pag e cancel ko yung moneyLife 8.. thank you
    Apr 05, 2018, 12:24 PM
  • PwedePadala: Is there a moderator on the site? Sana merong magmonitor ng mga unrelated topic.
    Mar 30, 2018, 06:38 AM
  • bestinpalawan: hi ^_^
    Mar 28, 2018, 04:36 PM
  • Edong35: Hello there!
    Mar 25, 2018, 06:27 PM
  • pahuway: hi po, newbie here :)
    Mar 22, 2018, 05:41 PM
  • Mila: Hi everyone...
    Mar 19, 2018, 04:31 PM