SSS Benefits

Question 1

Definition

-composed of package of benefits under the SSS in the event of death, disability,
sickness, maternity, old age, and undemployment

-social security provides replacement for income lost on account of aforementioned
contingencies

Question 2

Coverage

covers all employees including kasambahays or domestic workers not over 60 years of age and their employer

Question 3

BENEFITS
-provided that contributions are being paid regularly, you will be entitled to the ff:

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

•Maternity
-daily cash allowance granted to a female who is unable to work due to childbirth or miscarriage/emergency termination of pregnancy

•Retirement
-cash benefit granted - either as monthly pension or lump sum amount - to a
member who can no longer work due to old age

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

•Death
-cash benefit granted - either as monthly pension or lump sum amount - to the
beneficiaries of a deceased member or pensioner

•Funeral
-cash benefit given to whomever paid for the burial expenses of the deceased
member or pensioner

•Unemployment
-cash benefit granted to eligible employees (including househelpers and OFWs) who were involuntarily unemployed or separated from employment

Question 4

Contribution

minimum salary credit increased to P4,000 and maximum to P30,000