SSS Law Flashcards
The provisions of the social security law are to be liberally construed in favor of ___________________
those seeking its benefits
It is the implementing arm of the social security act. It is a corporate body with a personality separate and distinct from the government, directed and controlled by the social security commission
social security system
True or false. The sss can sue and be sued
true
True or false. The inclusion of religious organizations under the coverage of the social security law violates the constitutional prohibition against the application of public funds for the use, benefit or support of any priest who may be employed by the church
false. The funds belong to the members and are merely held in trust by the government. The funds contributed to the sss or not public funds
Any person, natural or juridical, who carries on in the philippines any business of any kind and uses the services often other person who is under his orders as regards the employment
employer; self-employed person shall be both employee and employer at the same time
A child is a dependent if he has not yet reached age of ______ or maybe beyond such year if he is congenitally or while still a minor has been permanently incapacitated and incapable of self support
21
In the computation of benefits, the maximum monthly salary credit to be considered shall be _____________ until adjusted
20,000
Two or false. Employment includes service performed in the employee of the philippine government or instrumentality or age and thereof
false
The dependent illegitimate children shall be entitled to _______ of the share of the legitimate, legitimated or legally adopted children
50%
The average monthly salary credit is the result of 10 by dividing the sum of the last ____ monthly salary credit immediately preceding the semester of contingency by ______; or the result obtained by dividing the sum of all the monthly salary credits paid prior to the semester of contingency by the number of monthly contributions paid in the same period whichever is greater
60; 60
It is equal to net income before income taxes + non-cash charges such as depreciation and depletion appearing in the regular financial statement of the issuing for assuming institution
net earnings
True or false. Employees not over 60 years of age or compulsory coverage of social security law
true
This persons will be covered by the sss on a voluntary basis, unless they are engaged in a vocation or employment which is subject to mandatory coverage
spouses who devote full time to managing the household and family affairs
True or false. Coverage in the sss shall be compulsory upon all employees including kasambahays or domestic workers not over 60 years of age and their employers
true
True or false. Compulsory coverage of the employers, employees and self-employed persons shall take effect on the ______________
first day of engagement
True or false. If the self employed member realizes no income in any given month, he shall still be required to pay contributions for that month
false; not required but allowed
The monthly pension shall be the highest of the following amounts
- The sum of ________ plus ______ of the average monthly salary credit plus ____ of the average monthly salary credit for each credited year of service in excess of 10 years
- _______ of the average monthly salary credit
- __________ provided that the monthly pension shall in no case be paid for an aggregate amount of less than 60 months
300; 20%; 2%
40%
1,000
Notwithstanding the highest monthly pension, the minimum pension shall be __________ 4 members with at least 10 credit years of service and ________ for those with 20 years of credited service
1200; 2400
An additional monthly benefit allowance amounting to ________ shall be given to all retirement, death, and disability pensioners receiving pensions in or after january 2017
1,000
Where monthly pension is payable on account of death, permanent total disability or retirement, dependents pension equivalent to ______ of the monthly pension or ______ whichever is higher shall also be paid for each dependent child conceived on or before the date of contingency pathetic sitting five
10%; 250
A member who has paid at least ______ monthly contributions prior to the semester of retirement and who has reached the age of _______ and is already separated from employment or has ceased to be self-employed; or has reached the age of _______ shall be entitled for as long as he lives to the monthly pension provided that he will have the option to receive his first 18 multiples in lump-sum discounted at preferential rate of interest to be determined by the sss
120; 60; 65
A covered member who is ______ at retirement and who does not qualify for pension benefits under the previous card shall be entitled to a lump sum benefit equal to the total contributions by the him on his behalf
60
The monthly pension shall be suspended of underemployment or resumption of self-employment of a retired member who is less than _______ years old
65
Upon the death of a member who has paid at least _______ monthly contributions prior to the the semester of death, his primary beneficiary shall be entitled to the monthly pension
36