SOCIAL SECURITY SOCIAL SECURITY SYSTEMSYSTEM

BY: JESSA ANNE R. BORREBY: JESSA ANNE R. BORRE

BSN-IIIBSN-III

SSS was created into SSS was created into law on September 1, law on September 1, 1957 under RA 1161 1957 under RA 1161

and was amended and was amended under RA 8282 on May under RA 8282 on May

1, 19971, 1997

COVERAGECOVERAGE

Who are covered under the SSS?Who are covered under the SSS?

COMPULSORY COVERAGECOMPULSORY COVERAGE1. 1. Coverage of EmployeesCoverage of Employees a. A private employeea. A private employee b. A household-helper b. A household-helper c. A Filipino seafarer c. A Filipino seafarer d. An employee of a foreign government, international d. An employee of a foreign government, international

organization of their wholly-owned instrumentality based in the organization of their wholly-owned instrumentality based in the Phils., which entered into an administrative agreement with SSS Phils., which entered into an administrative agreement with SSS for the coverage of its Filipino workersfor the coverage of its Filipino workers

e. The parent, spouse or child below 21 years old of the owner of e. The parent, spouse or child below 21 years old of the owner of a single proprietorship businessa single proprietorship business

2. 2. Coverage of EmployersCoverage of Employers aa. Any person who uses the services of another . Any person who uses the services of another

person in business, trade, industry or any undertaking. person in business, trade, industry or any undertaking.

b. A foreign government, international organization such as b. A foreign government, international organization such as embassy in the Philippines, may enter into embassy in the Philippines, may enter into administrative agreement with the SSS for coverage for the administrative agreement with the SSS for coverage for the coverage of its Filipino employees. coverage of its Filipino employees.

3. 3. Coverage of Self-employed PersonsCoverage of Self-employed Persons a. Self-employed professionalsa. Self-employed professionals

b. Business partners, single proprietors b. Business partners, single proprietors

c. Actors, actresses, directors, scriptwriters and news c. Actors, actresses, directors, scriptwriters and news reporters are not under an employer-employee reporters are not under an employer-employee relationship. relationship.

d. Professional athletes, coaches, trainers, and jockeysd. Professional athletes, coaches, trainers, and jockeys

e. Farmers and fisherfolkse. Farmers and fisherfolks

f. Workers in the informal sector such as cigarette vendors, f. Workers in the informal sector such as cigarette vendors, watch-your-car boys, hospitality girls, among watch-your-car boys, hospitality girls, among others.others.

VOLUNTARY COVERAGEVOLUNTARY COVERAGE

1.1. Separated Members Separated Members2. Overseas Filipino Workers (OFWs)2. Overseas Filipino Workers (OFWs)3. Non-working Spouse of SSS members3. Non-working Spouse of SSS members

Effectivity of Compulsory CoverageEffectivity of Compulsory Coverage

1.1. For an employee - on the first day of employment For an employee - on the first day of employment2.2. For an employer - on the first day the employer hires For an employer - on the first day the employer hires

employee/s employee/s3.3. For self-employed persons – upon payment of the first For self-employed persons – upon payment of the first

valid contribution, in case of initial coverage valid contribution, in case of initial coverage

Voluntary MembersVoluntary Members

• THIS IS TO INFORM ALL CONCERNED THIS IS TO INFORM ALL CONCERNED THAT WE CAN NOT PAY OUR THAT WE CAN NOT PAY OUR PREMIUMS ON OUR OWN AFTER PREMIUMS ON OUR OWN AFTER SECURING AN SSS NO.UNLESS YOU SECURING AN SSS NO.UNLESS YOU ARE AN OFWARE AN OFW

REGISTRATIOREGISTRATIONN EmployeeEmployee - - SSS Form E-1(Personal Data Record)SSS Form E-1(Personal Data Record)

For EmployersFor Employers

Single Proprietorships - SSS Form R-1(Employer Registration) andSingle Proprietorships - SSS Form R-1(Employer Registration) and R-!A(Employment Report) /E-1R-!A(Employment Report) /E-1

Partnerships - SSS Form R-1/R1-A/E-1/Articles of PartnershipPartnerships - SSS Form R-1/R1-A/E-1/Articles of Partnership Corporations - R-1/R1-A/E-1/Articles of IncorporationCorporations - R-1/R1-A/E-1/Articles of Incorporation Self-employed MembersSelf-employed Members - SSS Form RS-1(Self-employed Date Record) - SSS Form RS-1(Self-employed Date Record) Non-working SpouseNon-working Spouse - NW-1(duly signed by the spouse with MC) - NW-1(duly signed by the spouse with MC) Overseas Filipino Workers (OFWs)Overseas Filipino Workers (OFWs) - OW-1 - OW-1Changes in member’s recordsChanges in member’s records - SSS Form E-4 - SSS Form E-4

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

the SSS for authentication purposes.the SSS for authentication purposes.

CONTRIBUTIONSCONTRIBUTIONS Monthly contributions based on the gross compensation Monthly contributions based on the gross compensation

of SSS members are payable under two programs, as of SSS members are payable under two programs, as follows:follows:

SSS- SSS- 9.4% of the average monthly compensation not 9.4% of the average monthly compensation not exceeding P15,000 exceeding P15,000 Employee share is 3.33% Employee share is 3.33% Employer share is 6.07%Employer share is 6.07%

For non-working spouse ½ of the MSC of the working For non-working spouse ½ of the MSC of the working spousespouse

EC- EC- 1% or (P10.00)of average monthly and payable only 1% or (P10.00)of average monthly and payable only by the employer.by the employer.

(P30.00) for employees earning P15,000.00/mo(P30.00) for employees earning P15,000.00/mo OFW is not less than 5,000 MSCOFW is not less than 5,000 MSC

Sickness benefit?Sickness benefit? T The sickness benefit is a daily cash allowance he sickness benefit is a daily cash allowance paid for the number of days a member is unable paid for the number of days a member is unable to work due to sickness or injury.to work due to sickness or injury.

What is the maternity benefit?What is the maternity benefit? The maternity benefit is a daily cash allowance The maternity benefit is a daily cash allowance

granted to a female member who was unable to granted to a female member who was unable to work due to childbirth or miscarriage.work due to childbirth or miscarriage.

SICKNESS & SICKNESS & MATERNITY BENEFITMATERNITY BENEFIT

• Sickness benefit is a 90% replacement of lost Sickness benefit is a 90% replacement of lost earning and is compensable on to an employee earning and is compensable on to an employee with at least minimum of 4 days confinement with at least minimum of 4 days confinement either at home or in the hospitaleither at home or in the hospital

• Maternity benefit 100% of the ave. daily salary Maternity benefit 100% of the ave. daily salary credit paid to female employee for the first 4 credit paid to female employee for the first 4 deliveries/abortion/miscarriagedeliveries/abortion/miscarriage

• 60 days for normal & 78 days for ceasarean 60 days for normal & 78 days for ceasarean delivery delivery

What is the disability benefit? What is the disability benefit? It is a cash benefit granted either as a monthly It is a cash benefit granted either as a monthly

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

Who may qualify for the disability benefit?Who may qualify for the disability benefit? The member has paid at least one monthly The member has paid at least one monthly

contribution prior to the semester of contribution prior to the semester of contingency. contingency.

How much is the amount of Benefit?How much is the amount of Benefit?

The amount is granted a monthly disability The amount is granted a monthly disability pension, plus P500 supplemental allowance, if pension, plus P500 supplemental allowance, if he/she has paid at least 36 monthly he/she has paid at least 36 monthly contributionscontributions

If less than 36 monthly contributions, a lump If less than 36 monthly contributions, a lump sum amount.sum amount.

The lowest monthly pension is P1,000 if the The lowest monthly pension is P1,000 if the member has less than ten (10) credited years of member has less than ten (10) credited years of service (CYS); P1,200 with at least 10 CYS; and service (CYS); P1,200 with at least 10 CYS; and P2,400 with at least 20 CYS. P2,400 with at least 20 CYS.

What is a retirement benefit? What is a retirement benefit? It is a cash benefit granted - either as a It is a cash benefit granted - either as a

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

Who may qualify for a retirement benefit?Who may qualify for a retirement benefit? A member who is 60 years old (optional A member who is 60 years old (optional

retirement), separated from employment or retirement), separated from employment or has ceased to be self-employed, and has paid has ceased to be self-employed, and has paid at least 120 monthly contributions prior to the at least 120 monthly contributions prior to the semester of retirement; orsemester of retirement; or

A member who is 65 years old (mandatory A member who is 65 years old (mandatory retirement), whether employed or not, and has retirement), whether employed or not, and has paid at least 120 monthly contributions prior to paid at least 120 monthly contributions prior to the semester of retirement.the semester of retirement.

How much monthly pension will a retiree How much monthly pension will a retiree receive?receive? The member is granted a monthly retirement The member is granted a monthly retirement

pension, if he/she has paid at least 120 monthly pension, if he/she has paid at least 120 monthly contributions prior to the semester of retirement.contributions prior to the semester of retirement.

If with less than 120 monthly contributions, If with less than 120 monthly contributions, he/she is granted a lump sum amount.he/she is granted a lump sum amount.

The lowest monthly pension is P1,200 if the The lowest monthly pension is P1,200 if the member has 120 monthly contribution or with at member has 120 monthly contribution or with at least 10 credited years of service (CYS); P2,400 least 10 credited years of service (CYS); P2,400 if with at least 20 CYS. if with at least 20 CYS.

What is the funeral grant?What is the funeral grant? A cash benefit given to whoever pays the burial A cash benefit given to whoever pays the burial

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

How much is the amount of funeral benefit?How much is the amount of funeral benefit? The amount of P20,000 is given to whoever The amount of P20,000 is given to whoever

pays the deceased member’s burial expenses.pays the deceased member’s burial expenses.

What is the death benefit?What is the death benefit? A cash benefit granted - either as a monthly A cash benefit granted - either as a monthly

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

Who may qualify for a death benefit?Who may qualify for a death benefit?

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

The lowest monthly pension is P1,000 if with less than The lowest monthly pension is P1,000 if with less than 10 credited years of service (CYS); P1,200 if with at 10 credited years of service (CYS); P1,200 if with at least 10 CYS; and P2,400 if with at least 20 CYSleast 10 CYS; and P2,400 if with at least 20 CYS

MEMBER LOANMEMBER LOAN

What is a salary loan?What is a salary loan? A cash loan granted to an employed, currently A cash loan granted to an employed, currently

paying self-employed or a voluntary member. It paying self-employed or a voluntary member. It is intended to meet a member's short-term credit is intended to meet a member's short-term credit needs.needs.

Who may qualify for a salary loan?Who may qualify for a salary loan? An employed, currently paying, self-employed An employed, currently paying, self-employed

or voluntary member (SE/VM) who has 6 or voluntary member (SE/VM) who has 6 posted monthly contributions for the last 12 posted monthly contributions for the last 12 months prior to filing of application.months prior to filing of application.

For one-month loan, the member-borrower For one-month loan, the member-borrower must have must have 3636 posted monthly contributions, posted monthly contributions, prior to the month of filing of application. prior to the month of filing of application.

For two-month loan, the member-borrower For two-month loan, the member-borrower must have must have 7272 posted monthly contributions. posted monthly contributions.

If employed, the member’s employer must be If employed, the member’s employer must be updated in contributions and loan remittances. updated in contributions and loan remittances. The member must updated in payment of other The member must updated in payment of other loans with the SSSloans with the SSS..

• How much is the loanable amount?How much is the loanable amount? ..

A one-month salary loan is equivalent to the A one-month salary loan is equivalent to the average of the member's latest 12 monthly salary average of the member's latest 12 monthly salary credits posted.credits posted.

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

PENALTY PENALTY CONDONATIONCONDONATION

• Under SSC Res. No. 238-s 2010 dated Under SSC Res. No. 238-s 2010 dated March 25, 2010 and the Pres. of the March 25, 2010 and the Pres. of the Philippines on June 3, 2010 has Philippines on June 3, 2010 has approved the approved the Penalty Condonation Penalty Condonation for Shorts Term Loans for for Shorts Term Loans for EmployerEmployer

• Availment PeriodAvailment Period:: January 2, 2011 January 2, 2011 to to June 30, 2011June 30, 2011

• Delinquency on or before Delinquency on or before April 1, April 1, 20102010 is covered under this program.is covered under this program.

PENALTY PENALTY CONDONATIONCONDONATION

For more details please visit our For more details please visit our Field Inspectorate Section, SSS, Field Inspectorate Section, SSS, Dumaguete Branch at M/M Kho Dumaguete Branch at M/M Kho Bldg., Bagacay, Dumaguete City.Bldg., Bagacay, Dumaguete City.

Tel. Nos. (035) 422-0134 and Tel. Nos. (035) 422-0134 and 225-6810225-6810

End of PresentationEnd of Presentation

Thank you and God bless!Thank you and God bless!