SSS Flashcards
Coverage of SSS
ALL PRIVATE EMPLOYEES Not Over 60 years of age and their EMPLOYERS
SELF EMPLOYED
OFW
Contribution rates for SSS 2024
And 2025
And Haitian ng EE at ER
2024 = 14% EE4.5% and ER 5%
2025 = 15% EE 5% and ER 9%
Monthly pension shall be the highest amnt of the ff amnts.
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2
3
- The sum of (300) + (20% of Ave month salary credit) + (2% Ave month salary credit for each service in excess of 10yrs)
- 40% average monthly salary credit
- 1000
Monthly pension shall in no case be paid for an aggregate amnt of less than 60 months
Minimum Monthly Pensions: Retirement if Credited Years of Service is:
Permanent Disability if credited years of service is
Atleast 10yrs = 1200
Atleast 20yrs = 2400
Less than 10yrs = 1000 disability
Copypaste
How much is the additional monthly benefit allowance from 2017
1000 pesos
Dependents pension is higher between
To whom is this applicable of dependent person.
Limit of dependent pension and criteria
- 10% monthly pension or 250
- Death, permanent total disability or retirement
- Not exceeding 5 beginning with youngest. Legimate muna. And incapacity
Retirement benefits rulessss
More than 120 mos contri = monthly contribution. 60yrs old unemployed or 65yrs old
X Lumpsump = all contribution EE+ER + interest IF Sepeared from employement and not continue paying contribution to SSS
Reemployement Rules
Death of Retired Member
Suspension of pension. Unlesss become 65yrs old
Continue if there is primary beneficiaries which are qualified
If NOT. MP 60- months recieved)