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EC benefits are granted only to members with employers other than themselves. [18] SSS members can make 'salary' or 'calamity' loans. Salary loans are calculated based on a member's particular monthly salary credit. Calamity loans are for instances when the government has declared a state of calamity in the area where an SSS member lives ...
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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)
The agency responsible for implementation is the Social Security System (SSS), and also the Government Service Insurance System (GSIS), the Philippine Health Insurance Corporation (PhilHealth), and the Pag-IBIG Fund (Home Development Mutual Fund) use the card. [3] The card was also suggested to be used as a voter ID. [4]
2,400 pesos annually for members earning P25,000 and below 3,600 pesos annually for members earning more than P25,000: Enrollment date. OFW (Landbased) 2,400 pesos annually: Emigration date: No subsidy. Payment is on emigration date then annually. OFW (sea-based) Employer and worker each pay half, up to 2.5% (maximum of 3%) of income up to ...
Teodoro first implemented SSS Medical Care (Medicare) program in 1972, which provided cash payments for medical, surgical and hospitalization expenses of members and their beneficiaries. Three years later, he launched the Employees’ Compensation (EC) program, which gave additional funds to members who suffered from work-related illnesses ...
[48] Specifically, in 2042 and for many decades thereafter, the Social Security system can continue to pay benefits, but benefit payments will be constrained by the revenue base from the 12.4% FICA (Social Security payroll) tax on wages. According to the Social Security trustees, continuing payroll tax revenues at the rate of 12.4% will enable ...