SSS

Question 1

Coverage of SSS Law

Answer 1

all employees max 60 years old AND
their employees

Question 2

Effect of Separation from Employment

Answer 2

1. employer’s contribution on his account and his obligation to pay contributions arising from that employment shall cease AT THE END OF MONTH OF SEPARATION
2. employee shall be credited with all contributions paid on his behalf and entitled to benefits
3. Employee may still continue to pay total contribution

Question 3

Effect of Interruption of Business or Professional Income.

Answer 3

no net professional or business income in any calendar year, he SHALL NOT be required to pay contributions for the SUCCEEDING year

Question 4

Permanent disability benefits

Answer 4

disability occurs AFTER he had paid at least 36 contributions prior to the semester of disability (monthly pension)

BEFORE the required 36 monthly contributions, HIGHER - lumpsum benefit equivalent to the monthly pension x monthly contribution OR 12 times monthly pension

Question 5

Compulsory Coverage of OFW

Answer 5

1. all sea-based and land-based OFWs not over 60 years old
2. manning agencies are AGENTS of their principals (jointly and severally or solidarity liable)

Question 6

Land-based OFWs are compulsory members of the SSS in the same manner as

Answer 6

1. self employed persons
2. DFA, DOLE and its agencies are mandated to negotiate bilateral labor agreements with the OFWs host countries

Question 7

Effect of Termination of OFW contracts

Answer 7

they may continue to pay

Question 8

Effective day of Coverage

Answer 8

Employer: first day of his operation
Employee: day of his employment
Compulsory coverage: shall take effect upon his registration with the SSS.

Question 9

Pension Retirement and Other Benefits

Answer 9

monthly pension shall in no case be paid for an aggregate amount of minimum 60 months

minimum pension:
member with 10 credited years of service: 1,200
member with 10 credited years of service: 2,400

Question 10

Additional benefit allowance

Answer 10

1k shall be given to all retirement, death and disability pensioners

Question 11

Dependent’s pension

Answer 11

10% of monthly pension or P250.00 HIGHER
each dependent child max 5 beginning with the youngest without substitution

Question 12

Requisite for retirement benefit

Answer 12

at least 120 contributions prior to semester of retirement

60 years old and is separated from employment OR 65 years old

Question 13

Funeral benefit

Answer 13

12k

Question 14

sickness benefit

Answer 14

max 120 days in one year
90% of his average daily salary credit

Question 15

Maternity leave benefit

pregnancy, miscarriage, or emergency termination of pregnancy, regardless of frequency

Answer 15

105 days full pay + 30 days unpaid

Solo parent: 105 days paid + 15 days paid

Maximum: 150 days

Question 16

Miscarriage

Answer 16

60 days full pay

Question 17

Remittance of contribution

Answer 17

10 days each calendar month

Question 18

Maternity leave for female workers in private sector

Answer 18

paid at least 3 months