SOCIAL SECURITY SYSTEM

Social Security System is a state-run,

social insurance program in the Philippines to
workers in the private, professional, and informal
sectors.
SSS is established by virtue of Republic Act No.
1161, better known as Social Security Act of 1954.
This law was later amended by Republic Act No
8282 in 1997.
2 type of programs
1. The Social Security Program
2. The employees Compensation
SUMMARY OF
BENEFITS
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.
e. The parent, spouse or child below 21 years old of the owner of a
single proprietorship business
SUMMARY OF
BENEFITS
Who are covered under the SSS?
COMPULSORY COVERAGE

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
SUMMARY OF
BENEFITS
Who are covered under the SSS?
COMPULSORY COVERAGE

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
d. Professional athletes, coaches, trainers, and jockeys
e. Farmers and fisherfolks
f. Workers in the informal sector such as cigarette vendors etc..
SUMMARY OF
Sickness
BENEFITS
A daily cash allowance paid for the number of days a member is
unable to work due to sickness or injury.

AMOUNT
The amount of the member’s daily Sickness Benefit
allowance is equivalent to ninety percent (90%) of his/her
average daily salary credit (ADSC).
SUMMARY OF
Maternity
BENEFITS
A daily cash allowance granted to a female member who is unable to
work due to childbirth or miscarriage.

AMOUNT
The amount of the daily Maternity Benefit allowance is
equivalent to one hundred percent (100%) of her ADSC,
SUMMARY OF
Disability
BENEFITS
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.

AMOUNT
qualified member is granted a monthly Disability Pension,
plus a P500 monthly Supplemental Allowance.
SUMMARY OF
BENEFITS
Retirement
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.

AMOUNT
Monthly Retirement Pension, plus a 13th Month Pension
payable every December. OPTION of first eighteen (18) months
pension in lump sum
SUMMARY OF
BENEFITS
Death
A cash benefit granted – either as a monthly pension or a lump sum
amount – to the beneficiaries of a deceased member.
AMOUNT
Death Pension, plus a 13th Month Pension payable every December.
The lowest monthly Death Pension is Credited years of service
-10 =P1,000
10 =P1,200
20 =P2,400
SUMMARY OF
BENEFITS
Funeral
A cash benefit given to whoever paid for the burial expenses of the
deceased member.

AMOUNT
The Funeral benefit is a variable amount ranging from a minimum of
P20,000 to a maximum of P40,000, depending on the member’s paid
contributions and CYS.
SUMMARY OF
BENEFITS
EMPLOYEES’ COMPENSATION
(EC) PROGRAM
Cash Benefit for temporary sickness or disability, permanent partial or
total disability, and death
AMOUNT
All SSS-registered employers and their employees are compulsorily
covered under the EC Program and need not register again under the EC.
SUMMARY OF
BENEFITS
Salary
A cash loan granted to an employed, currently- paying self-employed
or voluntary member. It is intended to meet the member’s short-term
credit needs.
AMOUNT
A one-month loan is equivalent to the average of member’s last twelve (12)
monthly salary credits (MSCs), A two-month loan is equivalent to twice the
average of the member’s last twelve (12 ) MSC. The loan shall be charged an
interest rate of ten percent (10%) per annum until fully paid, based on diminishing
principal balance, and shall be amortized over a period of 24 months.