SSS

SSS Members Who Lost Their Jobs May Receive Up to 10k Monthly

February 25, 2019 By proudbrown

The new law signed by President Duterte can be good news to all SSS members as it gives the privilege to claim for unemployment assistance. Losing a job can cause difficulty in a person’s life particularly in meeting the daily needs.

Social Security System (SSS) members who are about to lose their work may now claim an unemployment insurance benefit amounting to up to Php 10,000.00. The unemployment insurance also referred to as involuntary benefits under the SSS is among the provisions of the Social Security act of 2019 (R.A Act no. 11199).

According to the legislation’s principal author, Senator Richard Gordon, the provision of this involuntary separation benefit is the first of its kind in the history of the country. SSS members may be able to claim up to ten thousand pesos a month if they had been paying their SSS contribution under the maximum amount of the salary credit. The money can be used by the member to find another job – fast. Members are only allowed to claim benefit equivalent to 50% of their average salary credit per month for a maximum of 2 months.

Read Also:

Only SSS members whose age is 60 below can make a claim. To qualify for the said benefit, they should also have made at least thirty-six months of contributions. The member should have made the 12 months of the contribution within the eighteen-month period before the involuntary separation or unemployment. Unemployed SSS members can only claim a benefit once every 3 years.

Apart from the involuntary benefit, the R.A 11199 also has a provision that makes all overseas Filipino workers (OFW) who ages 60 below an automatic member of SSS. Currently, SSS has 500,000 OFW members. Since the signing of the legislation, the number of SSS members is expected to increase to two and a half million.

Although the unemployed SSS members may find the new law beneficial, some may not be too happy about the factors of it. From the current 11% contribution rate, members need to deal with a 1% increase every 2 years until the rate reaches 15% in 2025.

source:

How to Know if Your Employer is Paying or not Your Pag-IBIG, PhilHealth, and SSS Contributions

February 5, 2019 By proudbrown

Being an office employee means you have SSS, Pagibig, and Philhealth. The contributions are from your salary and some from your employer but how can you be sure if your employer is remitting to these said agencies?

You might say that you can’t know for sure but you’re wrong on that because there are ways in which you can check if your employer is remitting to SSS, Pagibig, and Philhealth for you.

You can follow these simple steps so that you can find out if your employer is telling the truth and sending your hard-earned money to where it should be so you can use for future use. Some of the benefits of having remittances to these agencies are getting different kinds of loans, retirement lump sum, pension plans, medical plans, housing loans, etc. that’s why you shouldn’t take it for granted.

Checking your remittances will allow you to know for sure if your employer is sending your contributions and aside from that, you won’t have any problems in the future when you need to use your benefits.

5 Sure Ways to Check for Your Pag-IBIG Contributions

If you’re a Pagibig member, you can try any of these five things;

Call Pagibig 24/7 Hotline (724 4244)
Email their office at [email protected] and inquire about your contributions
Talk to a Pagibig chat support from their website
Message their Facebook page @PagIBIGFundOfficialPage
Inquire in person at your nearest Pagibig branch

Requirements when checking your contributions at Pagibig;

Your full name
Your date of birth
The name of your past and present employers (employment record)

2 Simple Ways You Can Check Your Philhealth Contributions

Step 1

Through Online Member Inquiry Facility

Verifying your Philhealth contributions online is easy. You just need to go to their website and register to be have an online member account. After you have registered, fill up their online account registration form by putting your basic information like name, date of birth, etc. There will be a security question for you to answer then you’ll need to type a security code. After that, you can click submit. An account activation will be sent to your email. You need to click the link on that account activation email. The email will be sent from their Philhealth Member Information System.

You can then verify your contributions when your online account is activated. Follow these steps.

Visit the Philhealth website
Look for the Member Inquiry Facility button and enter your pin and password
Answer their security question
Once you see the Member Static Information page, click on the Premium Contributions button and you will see your member details

What you’ll see in the Premium Contribution page.

The summary of you contributions which consists of the total of all your shares and your employer’s shares plus the all the number of your monthly payments
The history of your payment contribution which shows all your monthly contributions and payments since you became a member of Philhealth

Step 2

Through IVRS

Inquire through their Interactive Voice Response System or IVRS. This is a 24/7 system of Philhealth where member can call and ask for their contribution status and all concerns related to their member account.

Dial 441 7442 and a voice prompt will give you instructions that you should follow

*Remember to have your ID with you when you call so you can answer questions regarding your query.

Check Your SSS Contributions through 3 Easy Ways

How-to-Know-if-Your-Employer-is-Paying-or-not-Your-Pag-IBIG,-PhilHealth,-and-SSS-Contributions 0 — *credit: ofwupdate*

Step 1

By Going to My.SSS Website

Access MySSS.Website and create an online account
Once you have an online account, you now have a User ID and password which you’ll use when checking for your contributions
Log in to your MySSS account and look for the E-SERVICES button
There’s a drop down menu and you have to click it and choose Inquiry
Inquiry will take you to the Member Inquiry page
Click on Member Info then look for Actual Premiums and click it
A page will appear showing all your SSS member history

Step 2

Via SMS

Using your cellphone, send a Text-SSS SMS to 2600
Follow this format; SSS<space>REG<space>10-digit SSS number<space>MM/DD/YYYY
You’ll get a 4-digit pin from the reply and you can use this every time you send TEXT-SSS a query
Follow this format to find out about your contributions SSS<space>Contributions<space>10-digit SSS number<space>4-digit pin

Step 3

Inquire in Person at Your Nearest SSS Office

Go to the main office or the nearest branch of SSS and ask for verification of your contributions. Setting an appointment at My.SSS if you’re pressed for time can be helpful

There you have it! These are the ways you can check if your employer is remitting part of your salary to SSS, Pagibig or Philhealth. It’s advisable that you verify your contributions every now and then to make sure that your money is going to the right agency so you can use it for loans and when you retire. You wouldn’t want to find out later when it’s already too late that the money you worked hard for has gone to waste so be vigilant and just check to make sure. After all, it’s your right to check up on your contributions.

How to Avail the Government Funded SSS Educational Loan

August 27, 2017 By proudbrown

Being educated is the key to achieve a better future. But, not everyone is given the opportunity to enroll due to the high cost of education particularly in college level.

There are many ways to find financial assistance such as applying for scholarship grants. However, not all students are qualified for scholarship. Another way is to become a working student, but it’s quiet difficult to work and study at the same time. That’s why the last option that students seek is to apply for educational loan.

Fortunately, there are government-assisted education loans that help students in their school expenses. The SSS Education Loan is one of those options that students can avail.

Read: How to Avail the ASENSO Loan Program of SSS

Who can apply for SSS Education Loan?

This is one of the loan programs offered by SSS to its members or beneficiaries. Aside from the members, the spouse of the member, children, brothers, and sisters of the member can avail such loan.

Amount of loan

The amount of loan granted to applicants varies depending on the level of education.

Technical/vocational course

A member or his/her beneficiary who want to enroll in a technical/vocational course for a minimum of 2 years are qualified to avail the educational assistance. The allowed loanable amount is Php10,000 per semester, or the actual amount of the tuition fees and miscellaneous fees.

Degree course

For those applicant who will take a degree course can avail the maximum amount of Php20,000 per quarter term or semester.

This loan program is funded by the SSS and the National Government. If the loanable amount is not sufficient to cover the entire tuition and miscellaneous fees, it will be shouldered by the member or beneficiary.

Requirements for the SSS Education Loan

The applicant should secure and submit the following documents to the SSS office.

SSS ID or two government issued IDs
Completed application form
Billing/Assessment statement from the school
Proof of income or monthly salary; if the applicant is employed
Affidavit or income or Income Tax Return; if the member/applicant is voluntary paying or self-employed

The government funded amount is 0% interest, but the SSS funded has 6% annual interest. The repayment term for a degree course is 5 years and the payment schedule varies as follows;

Semestral courses – the payment schedule starts after 18 months or from the last release date of the fund.
Trimestral courses – the borrower will pay the loan after 15 months from the last release date.
Quarter term courses – the payment commences after 14 months and 15 days from the last release date.

For technical/vocational course, the loan is payable up to 3 years and starts after 15 months for trimestral courses and 18 months for semestral courses. If the member/borrower will not completely pay the educational assistance loan, the balance will be deducted from other benefit of the member.

Secure Your Retirement Invest Through the SSS PESO Fund

August 11, 2017 By proudbrown

Investing or saving your hard-earned money is a smart decision that you can benefit for your retirement. Even saving a little amount will add up into big amount that can be of great help when you’re unable to work anymore.

The SSS PESO Fund or the SSS Personal Equity and Savings Option Fund is an ideal investment vehicle that you can consider.

What is SSS PESO Fund?

Are you a member of SSS? Are you familiar with the SSS PESO Fund? It is a provident fund offered by the agency to all members who have paid regular contributions for 6 consecutive months within a year. The member must be 55 years old and have not filed for any claims prior to the enrollment for SSS PESO Fund.

Qualified enrollees are those self-employed or voluntary members, and OFWs. The applicant must be paying the amount mandated by the regular SSS program.

The good thing about this program is that the contributions are invested in an independent guaranteed instruments and is tax free. The interest rates are higher than other regular financial institutions. Sixty-five percent of the total fund is allotted for the retirement of the member and the thirty-five percent is allotted for general and medical purposes.

The percentage allotted for the retirement will earn an income generated from the 5-year Treasury yields. On the other hand, the 35% allotment will earn income from the 364-day Treasury bill rates. Another advantage of saving in SSS PESO Fund is that the member can also obtain additional earnings based from the actual performance of the fund.

A member can withdraw the savings from the fund upon his or her retirement or in case of disability. It can be withdrawn either in the form of monthly pensions or Php1,000 payments ever month, or combination of the two.

SSS Peso Fund Is a good investment?

Considering the interest rates per annum, if you’ll start at an early age you can earn huge amount during the time that you retire. This is a good option where you can put your money without worrying the risks associated to investment.

If you’re interested to invest in SSS PESO Fund, all you have to do is to visit the nearest SSS office or log in to the SSS official website.

Easy Ways How to Retrieve and Reset Your SSS Password

July 25, 2017 By proudbrown

“Incorrect SSS Password or Username”, this prompts when logging into an account but unable to access it. This is also true when accessing your SSS account, but typed in wrong password or username.

This can be frustrating, but just a minor issue. In case you have been experiencing few failed login attempts, then it’s about time to consider changing your password or username just to open your SSS account.

Here’s some steps that will help you to recover your SSS online account.

1. Visit the official website of SSS and that is sss.gov.ph

2. In the Employer/Member Login box, click the “Forgot User ID or Password” box. You will be prompt to provide your email address used when you create your account. Then, click “Submit? Box. Again, you’ll be prompt to check your email for the password sent.

3. Go to your email and check the sent email containing the User ID and the retrieved password. This time, try to login to your SSS account.

4. On the reset password page, type in your “current password” on the specific box and the “new password” as well. Then, click the change button.

To prevent other people to access your account, make sure not to share your password or user ID. Keep in mind that SSS is not liable for any fraudulent activities that may allow other people to access your account.

On the other hand, if you want to change your User ID and Password, you can send an email to [email protected]. This may happen in case you are blocked to access your account due to incorrect password entry for 5 consecutive attempts.