Risk Management

SSS Benefits

May 9,2019 09:30 AM

Covered employees are entitled to a package of benefits under the Social Security and Employees' Compensation (EC) Programs in the event of death, disability, sickness, maternity and old age.

Self-employed and voluntary members also get the same benefits as covered employees, except those benefits under the EC program.

Basically, the SSS provides for a replacement of income lost on account of the aforementioned contingencies.

The benefits under the Social Security Program are:

1. Sickness - A daily cash allowance paid for the number of days a member is unable to work due to Sickness or injury.

•The amount of the member’s daily Sickness Benefit allowance is equivalent to ninety percent (90%) of his/her average daily Salary credit (ADSC).
•The Sickness Benefit is granted up to a maximum of 120 days in One calendar year.

2. Maternity - A daily cash allowance granted to a female member who is unable to work due to Childbirth or miscarriage.

• The amount of the daily Maternity Benefit allowance is equivalent to one hundred percent (100%) of her ADSC, multiplied by 60 days in case of normal delivery/miscarriage/ectopic pregnancy without operation/hydatidi form mole (H-mole), or by 78 days for caesarean section delivery/ectopic pregnancy with operation.
• The Maternity Benefit is granted up to the first four (4) deliveries or miscarriages only.

3. Disability - A cash benefit granted – either as a monthly pension or a lump sum amount – to a member who becomes permanently disabled, either partially or totally.

• If qualified, the member is granted a monthly Disability Pension, plus a P500 monthly Supplemental Allowance.
• The lowest monthly Disability Pension is P1,000 if the member has less than ten (10) credited years of service (CYS); P1,200 if with at least ten (10) CYS; and P2,400 if with at least twenty (20) CYS.

4. Retirement - A cash benefit granted – either as a monthly pension or a lump sum amount – to a member who can no Longer work due to old age.

• If qualified, the member is granted a monthly Retirement Pension, plus a 13th Month Pension payable every December.
•The retiree has the option to receive the first eighteen (18) months pension in lump sum, discounted at a preferential rate of interest to be determined by the SSS. This option can be exercised only upon filing of the first retirement claim, and the Dependent’s Pension and 13th Month Pension are excluded from the advanced eighteen (18) months pension.
•If the member has dependent minor children, they are given a Dependent’s Pension equivalent to ten percent (10%) of the member’s monthly pension or P250, whichever is higher. Only five (5) minor children, beginning from the youngest, are entitled to Dependent’s Pension. No substitution is allowed.
•The lowest monthly Retirement Pension is P1,200 if the member has 120 monthly contributions or at least ten (10) CYS; or P2,400 if with at least tewnty (20) CYS.

5. Death - A cash benefit granted – either as a monthly pension or a lump sum amount – to the beneficiaries of a Deceased member.

• If qualified, the member’s primary beneficiary is granted a monthly Death Pension, plus a 13th Month Pension payable every December.
• If the member has dependent minor children, they are given a Dependent’s Pension equivalent to ten percent (10%) of the member’s monthly pension or P250, whichever is higher. Only five (5) minor children, beginning from the youngest, are entitled to Dependent’s Pension. No substitution is allowed.
• The lowest monthly Death Pension is P1,000 if the member had less than ten (10) CYS; P1,200 if with at least ten (10) CYS; and P2,400 if with at least twenty (20) CYS.

6. Funeral - A cash benefit given to whoever paid for the burial expenses of the Deceased member.

• The Funeral benefit is a variable amount ranging from a minimum of P20,000 to a maximum of P40,000, depending on the member’s paid contributions and CYS.

7. Employees’ Compensation (EC) Program - Cash Benefit for temporary sickness or disability, permanent partial or total disability, and death Medical Services, Appliances, and Supplies Rehabilitation Services.

The EC Program aims to assist those who suffer from work-connected sickness or injury resulting in disability or death. Starting June 1984, the benefits under the EC Program may be enjoyed simultaneously with benefits under the Social Security Program, thus, allowing double compensation for covered members who suffer work-related contingencies.

All SSS-registered employers and their employees are compulsorily covered under the EC Program and need not register again under the EC.

Make sure your personal data in SSS records are always updated!

Need to claim an SSS benefit or apply for a loan? For faster and hassle-free processing of your benefit claims and loan applications, please ensure that your personal data in the SSS membership records are complete, correct, and up-to-date, particularly:

• Name (First, Middle, Last)
• Date of Birth
• Membership Classification and Membership Status
• Sex and Civil Status
• Beneficiaries (Spouse, Children, etc.)
• Contact Information (Address, Mobile Number, E-mail Address)
• Bank Information

To correct/update your personal data, complete the Member Data Change Request (SSS Form E-4) and submit this to the nearest SSS branch with the accompanying documentary requirements.

Birth/Marriage/Death Certificates should be the original or certified true copy issued by the City or Municipal Civil Registrar or by the Philippine Statistics Authority/National Statistics Office.

Always present the original or certified true copy/ies when submitting the photocopy/ies of the required ID card(s) and/or document(s).

All ID cards and/or documents with English translation issued by foreign governments are acceptable.

*Data Updated as of November 2016 by SSS