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7 Benefits as a Member of SSS

To all Filipinos, it is highly recommended that we keep paying our SSS every month as this Social Security System will help us in the future when we retire. If we are employed in a company in the Philippines, it is easier to update our SSS as it is usually set up by our company to be deducted by our salary every month. However for OFWs, self-employed individuals, or even those who don’t have work, we have to go a bit out of our way to voluntarily pay our SSS contributions. So why is it important to continue being a member and keep an SSS account? Here we share the 7 benefits of this membership program.

Also Read: How to Pay SSS Contributions as an OFW Abroad

Working in the Philippines has unique benefits that not many may appreciate right away – such as choosing a workplace nearby, being able to go home to your family after a day’s work, and availing membership from the Social Security System (SSS), a state-run insurance program that gives members health and retirement benefits.

This is very important because the state fund can help you tide through tough times with its short-term credit loans and other long-term benefits.

7 Benefits as a Member of SSS

Credits: UNTV

Here’s Why You Should Avail SSS Membership – Benefits When You Contribute

Any Filipino can become an SSS member either through the company (private or public) they work for or through voluntary membership.

Furthermore, because of the Kasambahay Law, employers of household service workers are also required to shell out payment for their house help’s SSS contributions.

Even self-employed, freelance workers, and unemployed people and non-working spouses can become members for as long as they’re able to pay their monthly dues.

sss member benefits

SSS members are entitled to a number of benefits, which they can avail for the rest of their lives:

  1. Sickness Benefit

In case the member suddenly gets sick or injured, they can get daily cash allowance for the number of days they’re unable to work.

In order to avail this benefit, the member should be confined at home or in a hospital for at least four days and have at least three months’ worth of contributions within the last 12 months.

  1. Maternity Benefit

Female SSS members who recently gave birth or had a miscarriage can avail of maternity benefits in the form of daily cash allowances.

Similarly, members should have at least have three months’ worth of SSS contributions within the last 12 months to qualify for this benefit.

  1. Disability Benefit

Members who get into an accident or be afflicted with a disease that could cause partial or total disability may apply for this benefit. This benefit can be given either as a monthly pension or a lump sum amount, depending on the member’s total monthly contributions.

Those who have completed at least 36 contributions will qualify for a monthly disability pension. Otherwise, they are granted a lump sum amount based on the number of contributions they have made.

  1. Retirement Benefit

This is also given as a monthly pension or lump sum amount, and is given to members who are no longer able to work due to old age.

Those who are no longer working at the age of 60, and have made at least 120 monthly contributions before the semester of retirement may apply for the retirement benefit. This benefit is also automatically given to those who reach mandatory retirement at 65 years old, regardless of employment status.

  1. Death Benefit

Primary beneficiaries (spouse and dependent children) of the deceased SSS member who had at least 36 monthly contributions will get a monthly death pension.

However, if the contributions are lower than as required, the beneficiaries will receive a lump sum amount of the benefit. In case the member has no primary beneficiaries, the secondary beneficiaries or dependent parents will be given the lump sum amount.

  1. Funeral Benefit

If a person covers for the burial expenses of a deceased SSS member, they may apply to receive funeral benefits from the SSS. The only requirement for this benefit is to have at least one monthly contribution as a voluntary, self-employed, or OFW member.

  1. Salary Loan

The SSS also offers cash loans to members to help them meet their short-term credit needs. It has an interest rate of 10% per annum, and the length of loan payment depends on how many contributions you’ve made.

To qualify for this benefit, the member should have posted at least six monthly contributions in the last 12 months before filing a loan application. Furthermore, the applicant also shouldn’t have any outstanding loan balance with the SSS.

SSS membership offers a lot of benefits which members can take advantage of during their lifetime, for as long as they meet the minimum requirements set by the agency.

If you would like to know more about the latest updates from the SSS, you can check out their official website here.

ALSO READ: How to Contact SSS While Abroad: Toll Free Number, Chat & Email

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