SOCIAL SECURITY SYSTEM

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

Effectivity of Compulsory Coverage

1. For an employee - on the first day of employment

2. For an employer - on the first day the employer hires
employee/s
3. 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 member’s 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 ½ 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 member’s 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 member’s 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!