3

4. Death benefits;
5. Funeral benefits;
6. Loan grant
1. Temporary disability
benefits;
2. Separation benefits;
3. Unemployment/
involuntary separation benefits;
4. Survivorship benefits; &
5. Life insurance benefits.
1. Retirement Benefits
(1) Such member has rendered
at least 15 yrs of service;
(2) he is at least 60 yrs of age
at the time of retirement; & (3)
he is not receiving a monthly
pension benefit from
permanent total disability.
2. Unemployment benefits paid to a permanent EE who is
involuntarily separated from the
service due to the abolition of
his office or position usually
resulting from reorganization:
Provided, That he has been
paying integrated contributions
for at least one (1) year prior to
separation.
3 Separation Benefits
payable upon reaching 60 yrs
of age or upon separation,
whichever comes later:
Provided, That the member
resigns or separates from the
service after he has rendered
at least 3 yrs of service but
less than 15 yrs.
4. Permanent Disability
Benefits A member who
suffers permanent disability for
reasons not due to his grave
misconduct, notorious
negligence, habitual
intoxication, or willful intention
to kill himself or another.
5. Survivorship Benefits
(1) basic survivorship pension
is 50% of the basic monthly
pension
(2) dependent children's
pension not exceeding 50% of

Bianca Alana Hizon Limjuco

1. Sickness benefits;
2. Maternity leave benefits; &
3. Dependents pension.

1. Retirement Benefits. (a) A

member who has paid at least
120 monthly contributions prior to
the semester of retirement & who
(1) has reached the age of 60 yrs
& is already separated from
employment or has ceased to be
selfemployed or (2) has reached
the age of 65 yrs, shall be entitled
for as long as he lives to the
monthly pension: Provided, That
he shall have the option to
receive his first 18 monthly
pensions in lump sum discounted
at a preferential rate of interest to
be determined by the SSS.
2. Death Benefits Upon the
death of a member who has paid
at least 36 monthly contributions
prior to the semester of death, his
primary beneficiaries shall be
entitled to the monthly pension:
Provided, That if he has no
primary beneficiaries, his
secondary beneficiaries shall be
entitled to a lump sum benefit
equivalent to 36 times the monthly
pension.
3. Permanent Disability Benefits
Upon the permanent total
disability of a member who has
paid at least 36 monthly
contributions prior to the semester
of disability, he shall be entitled to
the monthly pension: Provided,
That if he has not paid the
required 36 monthly contributions,
he shall be entitled to a lump sum
benefit equivalent to the monthly
pension times the number of
monthly contributions paid to the
SSS or 12 times the monthly

Agrarian Law & Social Legislation

A member whose premium

contributions for at least (3)
months have been paid within
(6) months prior to the first day
of availment, including those of
the dependents, shall be entitled
to the benefits of the Program:
Provided, That such member
can show that contributions have
been made with sufficient
regularity: Provided, further,
That the member is not currently
subject to legal penalties as
Provided for in Section 44 of this
Act.

Provident (savings) benefits

claim:
Pag-IBIG Fund guarantees the
refund of member's total
accumulated savings (TAV),
which consists of the
member's accumulated
contributions, the ER
counterpart contributions, if
any, & the dividend earnings
credited to the member's
account upon occurrence of
any of the following grounds
for withdrawal:
1. Membership maturity. The
member must have remitted at
least 240 monthly membership
contributions with the Fund.
For Pag-IBIG Overseas
Program (POP) members,
membership with the Fund
shall be at the end of five (5),
ten (10), fifteen (15), or twenty
(20) yrs depending on the
option of the member upon
membership registration.
2. Retirement. The member
shall be compulsorily retired
upon reaching age 65. He may
however, opt to retire upon the
occurrence of any of the
following:
a. Actual retirement from the
SSS, the GSIS or a separate
ER provident/retirement plan,
Provided the member has at
least reached age 45.
b. Upon reaching age 60.
3. Permanent & Total
Disability or Insanity. The
following disabilities shall be
deemed total & permanent:

Atty. Berne Guerrero

4
the basic monthly pension.
6. Funeral Benefit The
amount of funeral benefit shall
be P12,000 - P18,000.
7. Life Insurance Benefits

Procedures of
Availment

Bianca Alana Hizon Limjuco

Claims for benefits under this

Act XPT for life & retirement
shall prescribe after 4 yrs from
the date of contingency.

pension, whichever is higher.

4. Funeral Benefit A funeral
grant equivalent to Twelve
thousand pesos (P12,000.00)
shall be paid, in cash or in kind,
to help defray the cost of funeral
expenses upon the death of a
member, including permanently
totally disabled member or retiree.
5. Sickness benefit. (a) A
member who has paid at least 3
monthly contributions in the
12month period immediately
preceding the semester of
sickness or injury & is confined
therefor for more than 3 days in a
hospital or elsewhere with the
approval of the SSS, shall, for
each day of compensable
confinement or fraction thereof,
be paid by his ER, or the SSS, if
such person is unemployed or
selfemployed, a daily sickness
benefit equivalent to 90% of his
average daily salary credit.
6. Maternity Leave Benefit A
female member who has paid at
least 3 monthly contributions in
the 12month period immediately
preceding the semester of her
childbirth or miscarriage shall be
paid a daily maternity benefit
equivalent to 100% of her average
daily salary credit for 60 days or
78 days in case of caesarean
delivery.
Compulsory coverage of the ER
shall take effect on the first day of
his operation & that of the EE on
the first day of his employment:
Provided, That the compulsory
coverage of the selfemployed
person shall take effect upon his
registration with the SSS.

Agrarian Law & Social Legislation

a. Temporary total disability

lasting continuously for more
than 120 days;
b. Complete loss of sight of
both eyes;
c. Loss of two limbs at or over
the ankle or wrist;
d. Permanent complete
paralysis of two limbs;
e. Brain injury resulting in
incurable imbecility or insanity;
&
f. Such other cases which are
adjudged to be total &
permanent disability by a duly
licensed physician & approved
by the Board of Trustees.
4. Separation from the service
due to health reason
5. Permanent departure from
the country
6. Death. In case of death, the
Fund benefits shall be divided
among the member's legal
heirs in accordance with the
New Civil Code as amended
by the New Family Code.

SEC. 25. Reimbursement &

Period to File Claims. All
claims for reimbursement or
payment for services rendered
shall be filed within a period of
(60) calendar days from the date
of discharge of the patient from
the health care provider.
The period to file the claim may
be extended for such reasonable
causes determined by the
Corporation.

The Fund shall be private in

character, owned wholly by
the members, administered in
trust & applied exclusively for
their benefit. All the personal
& ER contributions shall be
fully credited to each member,
accounted for individually &
transferable in case of change
of employment. They shall
earn dividends as may be
Provided for in the
implementing rules. The said
amounts shall constitute the
provident fund of each

Atty. Berne Guerrero