-Sss Philippines

[Jollygoodfellow]

Interesting bit of info about the Philippines SS system. I was unaware of any benefits such as funeral.

Power point presentation, http://www.sss.gov.ph/sss/uploaded_images/publications/ValueSSSMembership.pdf

Source https://www.sss.gov.ph/sss/Section_View

[i am bob]

Interesting!

I am having a little difficulty figuring out how long some of these benefits last. I thought it was pretty clear until I read the part where the Beneficiary will receive the same amount for life. Or did I misread that part? Oh, well... I'll just have to read the original SS.

[Call me bubba]

Interesting bit of info about the Philippines SS system. I was unaware of any benefits such as funeral.

Power point presentation, http://www.sss.gov.p...SMembership.pdf

Source https://www.sss.gov....ss/Section_View

This is a important benefit (feature) that( excuse my agenda) that those who support their "extended"family should invest in

also for those who have partners/wives/gf this could be helpful when they are much older

or in case of 1 member whos wife(i believe)passed away shortly after birth, the children will have some $$ to help .

.

ANOTHER very good benefit(again you must pay your contributions) is when your wife gives birth,

they offer ...

the maternity benefit?

The maternity benefit is a daily cash allowance granted to a female member who was unable to work due to childbirth or miscarriage. What are the qualifications for entitlement to the maternity benefit?

1. 
   She has paid at least three monthly contributions within the 12-month period immediately preceding the semester of her childbirth or miscarriage.
   

How is the maternity benefit computed?

1. 
   Exclude the semester of contingency (delivery or miscarriage).
   A semester refers to two consecutive quarters ending in the quarter of contingency.
   A quarter refers to three consecutive months ending March, June, September or December.
   
2. 
   Count 12 months backwards starting from the month immediately before the semester of contingency.
   
3. 
   Identify the six highest monthly salary credits within the 12-month period.
   

https://www.sss.gov....3&cat=4&pg=null

For example, let us say that an SSS member gives birth in December 2004.

1. 
   The semester of contingency would be from July 2004 to December 2004
   
2. 
   The 12-month period before the semester of contingency would be from July 2003 to June 2004
   
3. 
   Let us assume that the six highest monthly salary credits are P15,000 each. Thus, the total monthly salary credit would be P90,000 (P15, 000 x 6).
   
4. 
   The daily maternity allowance would be P500 (P90,000/180).
   
5. 
   The total maternity benefit due would be P30, 000 (P500 x 60 days) for normal delivery or P39,000 (P500 x 78) for caesarian cases.
   

this is FREE MONEY .money that they paid into the system and able to get it back to help themselves.

Edited January 26, 2013 by Pittman apartments Sgn