Statutory Benefits

Social Security System

The Social Security Law aims to provide all employees and their
families protection from the hazards of sickness, disability, old age and
death to promote your well being in the spirit of social justice.
By law, the Company is required to register all employees with the
Social Security System (SSS). Both you and the Company pay a
monthly premium contribution to the SSS. The rate of the contribution
depends on your basic pay. Your contribution is deducted from your
salary and is remitted to SSS, together with the Companys
contribution for you.
As a member of the SSS, you are entitled to the following benefits
subject to the SSS rules:
A. Sickness Benefit
A daily cash allowance is paid to the member for the number of days
he is unable to work because of sickness or injury. The sickness benefit
can only be claimed if you have already exceeded the number of days
paid sick leave from the Company.
B. Maternity Benefit
A 60-day allowance is paid to a female member who gives birth
through normal delivery, has a miscarriage or has an accidental
abortion. A 78-day allowance is paid if birth is through caesarian
section. The allowance given by SSS will be computed depending on
the employees contribution and not based on the salary of the
employee. This benefit is available only for the employees first four
deliveries or miscarriages.
C. Disability Benefit
A cash benefit in the form of monthly pension or lump sum amount is
paid to a member who becomes permanently disabled, whether totally
or partially.
D. Retirement Benefit
A cash benefit in the form of monthly pension or lump sum amount is
paid to a member who has reached the normal retirement age of 60.

Children of the pensioner will also receive a dependents pension if

they are below 21 year old, unmarried and not gainfully employed.
E. Death Benefit
A cash benefit in the form of monthly pension or lump sum is paid to
the beneficiaries of a deceased member.
F. Multi-Purpose Loan Program
The loanable amount will depend on the number of contributions made
by the member. Eligible are active members who have made at least
36 monthly contributions. This loan may be used to finance medical,
education, livelihood, minor home improvement, purchase of
appliances, furniture and other improvement needs.
F. Calamity and Emergency Loans
Subject to guidelines as approved by the Social Security Commission.
Convergys Internal: This document contains unpublished, confidential, and proprietary
information of Convergys Corporation. No disclosure, duplication or use of any portion
of the contents of these materials for any purpose may be made without the prior express
written consent of Convergys Corporation.