July 17, 2017 By Leave a Comment

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

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July 3, 2017 By Leave a Comment

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

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June 27, 2017 By Leave a Comment

How to Avail of SSS Sickness Benefit

The Philippine Social Security System gives benefit to those who are unable to work due to sickness or injury.

The sickness benefit covers the salary of the days that the sick or injured beneficiary was unable to work or do the job.

What are the requirements to qualify for SSS sickness benefit?

  1. He/She is confined at the hospital or at home for at least four (4) days due to sickness or injury.
  2. Before the semester of sickness or injury, he/she must have been paid the 3-month contribution within the 12-month period immediately.
  3. All the current company sick must be completely used up with pay; and
  4. He/She must notify the ER, or SSS employee, and if separated from employment, he/she must notify the VM or SE about his/her sickness or injury.

The question is how much SSS benefit will be given to the beneficiary?

The amount of benefit that will be given depends on the SSS members’ average daily salary. The SSS will give the 90% portion of the salary to the SSS member.

How is the SSS Sickness Benefit computed? 

  1. The semester of sickness is excluded.

What is semester?

  • That is in the ending of quarter of sickness, there is two consecutive quarters.

Then what is quarter?

  • It is referring to the three consecutive months ending March, June, September or December.
  1. At the time before the semester of sickness will be the start on counting backwards the twelve (12) months backward.
  2. Within the 12-month period, identify the six (6) highest Monthly Salary Credit (MSC).

What is Monthly Salary Credit or MSC? read more

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