- What is SSS lump sum?
- What is the retirement age in SSS?
- How much is the SSS retirement benefit?
- Can I lump sum my SSS contribution?
- Where can I get my SSS summary of contributions?
- When can I stop paying SSS contributions?
- Can I apply SSS calamity loan online?
- How much is the monthly contribution in SSS for voluntary?
- How much is the monthly pension in SSS?
What is SSS lump sum?
Lump sum amount – granted to a retiree who has not paid the required 120 monthly contributions.
It is equal to the total contributions paid by the member and by the employer including interest.
What is the retirement age in SSS?
60 years oldMember is at least 60 years old (or 55 years old, if an underground mineworker) for optional retirement, or 65 years old (or 60 years old, if an underground mineworker) for technical retirement, and has paid less than 120 monthly contributions.
How much is the SSS retirement benefit?
The monthly pension will be the highest amount resulting from either one of these three pension formulae: the sum of P300 plus 20 percent of the average monthly salary credit plus two percent of the average monthly salary credit for each credited year of service (CYS) in excess of ten years; or.
Can I lump sum my SSS contribution?
If with less than 120 monthly contributions, the member shall be entitled to a lump sum amount equivalent to the contributions paid by him/her and on his/her behalf. However, member has the option to continue paying contributions to complete the 120 months to become eligible for monthly pension.
Where can I get my SSS summary of contributions?
On the Member Inquiry page, select the Member Info bar and then click on Actual Premiums. The Contributions – Actual Premiums page will then appear, showing you all your monthly contributions paid since the year you started as an SSS member.
When can I stop paying SSS contributions?
You can stop paying contribution after you make a final SSS benefit claim for total disability or retirement. Although you only need a minimum of 120 monthly contributions to qualify for a retirement pension, it doesn’t mean you should stop paying contributions once you reach this amount.
Can I apply SSS calamity loan online?
Typically, you need to go your nearest SSS branch to submit your loan application. Now you can file your SSS calamity loan application online through the My. SSS web portal at www.sss.gov.ph.
How much is the monthly contribution in SSS for voluntary?
For self-employed and voluntary members, the contribution rate is 11% of the monthly salary credit (MSC) based on the monthly earnings declared at the time of registration.
How much is the monthly pension in SSS?
The amount of the monthly pension will be based on the member’s number of paid contributions and the years of membership prior to the semester of disability. The lowest monthly pension is P1,000 for members with less than 10 credited years of service (CYS); P1,200 with at least 10 CYS; and P2,400 with at least 20 CYS.