SSS Loan Restructuring Program 2018

What is SSS Loan Restructuring Program(LRP)? A program of the Social Security System that helps SSS members pay off their past due loans by removing their loan penalties from their total SSS loan balance. A way for helping individuals who could not pay off their loans especially those who were affected by calamities and disasters in different parts of the Philippines. Also known as SSS Loan Condonation that aims to help pinoys who were unable to pay their loans simply because they don’t have work anymore or they were unable process their payments on time. read more

How to Compute SSS Monthly Pension

The significant reason to have an SSS Monthly Pension is once you retire, you can enjoy the retirement benefits as long as you have completed the 120 monthly premium contributions.

You have two ways to avail the retirement benefits from SSS either through monthly pension or lump sum amount.

An SSS member can only avail the SSS monthly pension when he/she has paid the required monthly premiums before the time of retirement.


3 ways how the monthly pension is computed:

Using Formula 1  ₱300 + 20% of the average monthly salary credit + 2% of the average monthly salary credit for each “Credited Year of Service” exceeding to 10 years read more

Lowest Interest OFW Loans In The Philippines

OFW loan is so relevant for our modern day heroes (mga bagong bayani), individual pinoy worker experienced poor working conditions include long hours, low wages and few chances to visit family.

Remittances from OFWs serve as the lifeblood of their families and plays big part to the Philippine economy.

Most of us think they don’t come across any financial crunches. They’re like us working locally, regardless of their monthly income, they also have financial needs.

To help the OFWs, we have loan services exclusive for OFWs. read more

Forgot SSS Number or Password? Here’s how you can find it…

Did you lose or forget your SSS number and/or Password for your SSS online account?

I know it’s frustrating especially if you need to check your SSS contributions or you need to apply for a salary loan or file maternity benefit or any other SSS benefits.

But don’t worry, I’ll give you some tips on how and where you can possibly find your SSS number and online password.

How to Find your SSS Number

An SSS member should only have one SSS number and it’s valid for a lifetime. If for some reason you lost or forgot your SSS number, you should never get a new SSS number. read more

How to View your SSS Contribution Online

Are you a member of the Philippine Social Security System or SSS?

Do you want to know how much have you contributed so far for your SSS membership?

Well, it’s simple. You don’t even need to go to the SSS office to check your SSS account. You can do it at home or anywhere you are as long as you have a computer, laptop, tablet, or smartphone with an internet connection.

The very first thing that you need to do is to register your SSS account online. Of course this is assuming that you are already an SSS member (employed, voluntary, or OFW) and you have an SSS number and have made at least one contribution to SSS. read more

SSS Flexi-Fund Program for OFWs

There are lots of OFWs nowadays, and we all know that they are working hard to support their family financially and unknowingly becoming the country’s hero.

But these OFWs were not meant to spend their lives working until their last breath. They also need to rest especially in their old years. Good thing, there is savings plan intended for these OFWs.

If you are one of these OFWs, then we are happy to inform you that SSS provided savings plan for hard-working citizens like you. All the money they earned for the past years would not be a waste and saving money ahead of time will save your life and your family as well. read more

What Earns More: SSS Flexi-Fund or PAG-IBIG MP2?

Aside from saving your money in the bank, you can also consider increasing your contributions to SSS and Pag-ibig Fund.

These two government agencies have savings or investment programs that they offer to their members who want to save more and earn more.

These two saving programs offer higher interest rates than most local banks.

Plus, they are tax-free and you don’t have to worry about fraud or bankruptcy for SSS Flexi-Fund and PAG-IBIG MP2 are both guaranteed by the Philippine government.

When you invest in another investment products like those of Insurance companies, you shouldn’t miss your payments, otherwise, you’ll have to pay expensive penalties or you might lose your investment if you aren’t able to pay it within the grace period. read more

How to Apply for SSS Salary Loan

The SSS loan benefit will be granted to the currently paying member which are employed, self-employed or voluntary paying member.

The loan was established to help the ones benefit for their short-term credit needs.

What are the requirement needed to grant the SSS Salary Loan?

1. For those who are currently self-employed or voluntary member, and employed.

  • When the member wants to avail the one-month loan, the monthly contribution should be sufficient, wherein the member must have contributed thirty six (36) times. Within the last twelve (12) months. The borrower should have contributed six (6) times before the month of filing of the application.
  • When the borrower wants a two-month loan, he/she must have contributed seventy two (72) times, and six (6) times prior to the month of filing the application within the last twelve (12) months. The update of the payment of contributions by the member-borrower should be passed to the employer.

2. To grant the loan request, the borrower must not have granted other final benefit, like permanent disability, retirement, and death.

3. Under sixty five (65) years old borrower is the only accepted to apply in this benefit. read more

How to Avail of SSS Maternity Benefit

When a woman gets pregnant, it is one of the happiest moments in her life, but both parents need a certain amount of money to afford all the medical and hospital expenses.

SSS give benefits not just for retirement insurance, but also maternity benefit to female SSS members.

What are some of the requirement needed to avail the SSS benefits?

To receive the benefits from SSS, you must submit maternity notification ahead of time.

For employers and employees:

SSS Maternity Notification Form needs to be accomplished to receive the benefits of pregnant woman. To make the form valid, the member who is pregnant must immediately notify first her employer and tell about the probable date of her childbirth, and must do this 60 days before passing the form. Aside from the Maternity Notification Form, the member must submit proof of pregnancy. read more