Sei sulla pagina 1di 21

SOCIAL SECURITY

SYSTEM
BY: JESSA ANNE R. BORRE
BSN-III

SSS was created into


law on September 1,
1957 under RA 1161
and was amended
under RA 8282 on May
1, 1997

COVERAGE
Who are covered under the SSS?

COMPULSORY COVERAGE
1.

Coverage of Employees

a. A private employee
b. A household-helper
c. A Filipino seafarer
d. An employee of a foreign government, international
organization of their wholly-owned instrumentality based in the
Phils., which entered into an administrative agreement with SSS
for the coverage of its Filipino workers
e. The parent, spouse or child below 21 years old of the owner of
a single proprietorship business

2. Coverage of Employers
a. Any person who uses the services of another
person in business, trade, industry or any undertaking.
b. A foreign government, international organization such as
embassy in the Philippines, may enter into
administrative agreement with the SSS for coverage for the
coverage of its Filipino employees.

3. Coverage of Self-employed Persons


a. Self-employed professionals
b. Business partners, single proprietors
c. Actors, actresses, directors, scriptwriters and news
reporters are not under an employer-employee
relationship.
d. Professional athletes, coaches, trainers, and jockeys
e. Farmers and fisherfolks
f. Workers in the informal sector such as cigarette vendors,
watch-your-car boys, hospitality girls, among others.

VOLUNTARY COVERAGE
1.
2.
3.

Separated Members
Overseas Filipino Workers (OFWs)
Non-working Spouse of SSS members

Effectivity of Compulsory Coverage


1.
2.
3.

For an employee - on the first day of employment


For an employer - on the first day the employer hires
employee/s
For self-employed persons upon payment of the first
valid contribution, in case of initial coverage

Voluntary Members

THIS IS TO INFORM ALL CONCERNED


THAT WE CAN NOT PAY OUR
PREMIUMS ON OUR OWN AFTER
SECURING AN SSS NO.UNLESS YOU
ARE AN OFW

REGISTRATION

Employee - SSS Form E-1(Personal Data Record)

For Employers

Single Proprietorships - SSS Form R-1(Employer Registration) and


R-!A(Employment Report) /E-1
Partnerships - SSS Form R-1/R1-A/E-1/Articles of Partnership
Corporations - R-1/R1-A/E-1/Articles of Incorporation

Self-employed Members - SSS Form RS-1(Self-employed Date Record)

Non-working Spouse
- NW-1(duly signed by the spouse with MC)

Overseas Filipino Workers (OFWs) - OW-1


Changes in members records - SSS Form E-4

Note: The original or certified true copies of the documents should be


presented to
the SSS for authentication purposes.

CONTRIBUTIONS

Monthly contributions based on the gross compensation of


SSS members are payable under two programs, as follows:
SSS- 9.4% of the average monthly compensation not
exceeding P15,000
Employee share is 3.33%
Employer share is 6.07%
For non-working spouse of the MSC of the working
spouse
EC- 1% or (P10.00)of average monthly and payable only by
the employer.
(P30.00) for employees earning P15,000.00/mo
OFW is not less than 5,000 MSC

Sickness benefit?
The sickness benefit is a daily cash allowance

paid for the number of days a member is unable


to work due to sickness or injury.

What is 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.

SICKNESS &
MATERNITY BENEFIT
Sickness benefit is a 90% replacement of lost
earning and is compensable on to an employee
with at least minimum of 4 days confinement
either at home or in the hospital
Maternity benefit 100% of the ave. daily salary
credit paid to female employee for the first 4
deliveries/abortion/miscarriage
60 days for normal & 78 days for ceasarean
delivery

What is the disability benefit?

It is a cash benefit granted either as a monthly


pension or a lump sum amount - to a member
who becomes permanently disabled, either
partially or totally.

Who may qualify for the disability benefit?

The member has paid at least one monthly


contribution prior to the semester of
contingency.

How much is the amount of Benefit?


The amount is granted a monthly disability
pension, plus P500 supplemental allowance, if
he/she has paid at least 36 monthly
contributions
If less than 36 monthly contributions, a lump
sum amount.
The lowest monthly pension is P1,000 if the
member has less than ten (10) credited years of
service (CYS); P1,200 with at least 10 CYS; and
P2,400 with at least 20 CYS.

What is a retirement benefit?

It is a cash benefit granted - either as a


monthly pension or a lump sum amount - to a
member who can no longer work due to old
age.

Who may qualify for a retirement benefit?


A member who is 60 years old (optional
retirement), separated from employment or
has ceased to be self-employed, and has paid
at least 120 monthly contributions prior to the
semester of retirement; or
A member who is 65 years old (mandatory
retirement), whether employed or not, and has
paid at least 120 monthly contributions prior to
the semester of retirement.

How much monthly pension will a retiree


receive?
The member is granted a monthly retirement
pension, if he/she has paid at least 120 monthly
contributions prior to the semester of retirement.
If with less than 120 monthly contributions,
he/she is granted a lump sum amount.
The lowest monthly pension is P1,200 if the
member has 120 monthly contribution or with at
least 10 credited years of service (CYS); P2,400
if with at least 20 CYS.

What is the funeral grant?

A cash benefit given to whoever pays the burial


expenses of the deceased member or
pensioner. (pensioner-refers to retiree or
partial/total disability pensioner)

How much is the amount of funeral benefit?

The amount of P20,000 is given to whoever


pays the deceased members burial expenses.

What is the death benefit?

A cash benefit granted - either as a monthly


pension or a lump sum amount - to the
beneficiaries of a deceased member.

Who may qualify for a death benefit?


The member has paid at least one monthly
contribution.
35 mos. and below contributions lumpsum
36 mos. and above monthly pension

The lowest monthly pension is P1,000 if with less than


10 credited years of service (CYS); P1,200 if with at
least 10 CYS; and P2,400 if with at least 20 CYS

MEMBER LOAN

What is a salary loan?


A cash loan granted to an employed, currently
paying self-employed or a voluntary member. It
is intended to meet a member's short-term credit
needs.
Who may qualify for a salary loan?
An employed, currently paying, self-employed
or voluntary member (SE/VM) who has 6
posted monthly contributions for the last 12
months prior to filing of application.
For one-month loan, the member-borrower
must have 36 posted monthly contributions,
prior to the month of filing of application.

For

two-month loan, the member-borrower


must have 72 posted monthly contributions.
If employed, the members employer must be
updated in contributions and loan remittances.
The member must updated in payment of other
loans with the SSS.

How much is the loanable amount? .

A one-month salary loan is equivalent to the


average of the member's latest 12 monthly salary
credits posted.
A two
month salary loan is equivalent to twice the
average of the member's latest 12 monthly salary
credits posted (rounded to the next higher monthly
salary credit), but not to exceed P24,000.

PENALTY
CONDONATION
Under SSC Res. No. 238-s 2010 dated
March 25, 2010 and the Pres. of the
Philippines on June 3, 2010 has
approved the Penalty Condonation
for Shorts Term Loans for Employer
Availment Period: January 2, 2011 to
June 30, 2011
Delinquency on or before April 1,
2010 is covered under this program.

PENALTY
CONDONATION
For more details please visit our
Field Inspectorate Section, SSS,
Dumaguete Branch at M/M Kho
Bldg., Bagacay, Dumaguete City.
Tel. Nos. (035) 422-0134 and
225-6810

End of Presentation
Thank you and God bless!