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The Social Security System (SSS; Filipino: Paseguruhan ng mga Naglilingkod sa Pribado) [4] 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 the Social Security Act of 1954.
The unemployment benefit of the SSS also covers the kasambahay (housemaids) as well as Overseas Filipino Workers (OFWs; Filipino migrant workers).Claimants should have made 36 monthly contributions to the SSS, 12 months of which should be in the 18-month period immediately preceding the month of involuntary separation.
Social Security System (Philippines), for private employees and the self-employed (includes those de facto working for the government but not de jure - not having a [direct] "employer-employee relationship" such as through "Contract of Service (CoS)" and "Job Order (JO)" types of engagement)
In most cases, delaying Social Security benefits is a smart choice for retirees. While benefits can be claimed starting at 62, putting off a claim as long as possible until 70 will result in the ...
A Social Security spousal rule that was around for decades ended this year for the last eligible retirees -- those who turned 70 on Jan. 1, 2024. The rule...
Here's How to Know if You Should Claim Social Security Right Away. Maurie Backman, The Motley Fool. January 19, 2025 at 6:02 AM. If 2025 is the year you're retiring, congratulations. You've ...
In August 2024, Angkas signed a memorandum of understanding with the Social Security System to cover 30,000 partner riders in Metro Manila, Metro Cebu, and Cagayan de Oro. As self-employed members, it is entitled to security benefits such as sickness, maternity, disability, retirement, funeral, and death, including additional coverage from the ...
Looking ahead, Social Security benefits rose 3.2% for 2024. The increase adds more than $50 to the average monthly benefit, hiking it from $1,848 to $1,907 starting this month, according to the ...