SOCIAL SECURITY BENEFITS Flashcards
The ________provides a package of benefits in the event of death, disability, sickness, maternity, old age, and unemployment.
- Social Security Program
The _____ benefit is a daily cash allowance paid for the number of days a member is unable to work due to sickness or injury.
- sickness
The amount of the members Sickness Benefit Allowance is equivalent to ______ percent of his/her average daily salary credit (ADSC)
- ninety percentage ( 90%)
The Sickness Benefit is granted up to a maximum of ____days in a calendar year.
- 120 days
A member who suffers partial or total permanent disability with at least ____ contribution paid to the SSS prior to the semester of contingency is qualified to avail the benefit.
- one (1) contribution paid
Types of disability benefits:
- ______ is paid to a disabled member who has paid at least 36 monthly contributions to the SSS; or
- _____ amount is granted to those with less than 36 monthly
contributions.
- Monthly pension
2. Lump sum
It is a cash benefit granted to a member who can no longer work due to old age.
- Retirement
Types of Retirement Benefits
A member who has paid at least ____ monthly contributions to the SSS prior to the semester of retirement is qualified to receive a _____ of lifetime cash benefit
If the member has less than 120 contributions, the member shall be entitled to a _____ equivalent to the contributions paid by him/her or on his/her behalf.
- 120 monthly contributions
- monthly pension
- lump sum
It is a cash benefit granted to the beneficiaries of a deceased member.
- Death
Types of Death Benefits
For primary beneficiaries to be entitled to _____, deceased member must have paid at least 36 monthly contributions prior to the semester of death.
If with less than 36 monthly contributions prior to the semester of death, a ____ amount is granted to the primary beneficiaries.
- monthly pension
- lump sum
It is a cash benefit given to whoever paid for the funeral expenses of the deceased member.
- Funeral
____________ (also known as involuntary separation benefit)
It is a cash benefit granted to covered employees, including Kasambahay and OFWs who are involuntary separated from employment (e.g. due to retrenchment or downsizing, closure or cess of operation, installation of labor-saving devices, redundancy, etc.)
- Unemployment