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Social Security System (SSS)
Social Security System (SSS)
SECURITY
SYSTEM (SSS)
CONTENTS
01 SSS 03 MEMBERSHIP OF SSS
TYPE OF BENEFITS
02 OF SSS
04 ROLES, RESPONSIBILTIES
AND FUNCTIONS
HISTORY OF
SSS
•It officially started its operations on 31 May 1937 with a life insurance program as its
first service and was transformed into a more comprehensive social insurance scheme in
1951 with the addition of old-age, invalidity, and survivors’ benefits. Over the years,
milestone laws were enacted, including Republic Act (RA) 8291, otherwise known as
the Government Service Insurance Act of 1997, which enhanced and improved the GSIS
administered social security program for government workers
WHAT IS
SSS?
• A Social Security System (SSS) is a government-administered program
designed to provide financial support and social protection to eligible
individuals or groups within a society. The specific structure and benefits of
a social security system can vary from one country to another, but the
primary goal is to address various economic and social risks that people
may face throughout their lives.
GSIS
The Government Service Insurance System (GSIS) provides social
security coverage to employees in the public sector. GSIS also
administers the Employees’ Compensation Program for public sector
workers, which provides benefits for work-related disability, injury or
death, and the General Insurance Fund, which offers insurance
coverage for all properties with government insurable interest.
TYPES OF
BENEFITS THAT
SSS CAN OFFER
By Claudia Alves
TYPES OF
BENEFITS
RETIREMENT
01 • SSS retirement benefits are paid in the form of either a monthly
pension or lump sum.
DISABILTIY
02 • The SSS deems disability as any restriction or lack of ability to perform
an activity in the manner or within the range considered normal for a
humanbeing.
DEATH
03 • If a deceased, SSS member has at least 36 monthly contributions prior to
the semester of death,his/her primary beneficiaries will be eligible for a
monthly pension.
FUNERAL GRANT
04 • A funeral grant is paid to whoever shouldered the funeral expenses of
the deceased member.
SICKNESS
05 • SSS sickness benefit is in the form of a daily cash allowance for the number
of days in which a is unable to work due to illness or injury.
MATERNITY
06 • The maternity benefit is a daily cash allowance granted to
female members in every instance of pregnancy resulting in
childbirth, miscarriage or emergency termination of pregnancy
(TEP) .
UNEMPLOYMENT
08 • The unemployment insurance or involuntarily separation benefit is a
cash benefit given to all employers. including house helpers, and
OFW’s who were separated from employment.
DISABILITY BENEFITS Members who become disabled and are unable to work can receive disability
benefits to support them and their families.
MATERNITY BENEFITS Pregnant members can avail maternity benefits to cover their medical
expenses and provide financial assistance during childbirth.
HEALTH CARE BENEFITS SSS often works in conjunction with the Philippine Health Insurance Corporation
(PhilHealth) to provide healthcare coverage and benefits to members and their dependents.
SAFE GUARDING WORKERS RIGHTS' SSS ensures that workers' rights and social security
entitlements are protected and upheld.
EDUCATING MEMBERS It conducts educational programs and campaigns to inform members about
their rights, benefits, and responsibilities within the system.
MONITORING COMPLIANCE SSS monitors and enforces compliance with contribution
payments from individuals, and voluntary members
EXPANDING SERVICES Continuously improving its services by expanding its branch network, enhancing online
services, and simplifying processes for the convenience of members.
FINANCIAL LITERACY Promoting financial literacy and responsible financial management among its
members.
PRESENTED BY ::
SABID, ALONA
Thank
PARENA, JHONREY
JIMENA, BRIAN
you!
ORTIZ, PAMELA
IBANEZ, LIZA MARIE
CAMINGAWAN,
MARKCHILJON