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Introducing the MySSS Pension Booster program, offering a projected 7.2% annual return rate to boost retirement savings. Renamed and revamped for greater member benefits. Early retirement planning made easier!
Details here https://bit.ly/3xdxeFR
More news https://bit.ly/SSS-News
With Dading Dodong – I just got recognized as one of their top fans! 🎉
SSS to cover Barangay Tango workers as self-employed members
SARANGANI PROVINCE - The Social Security System (SSS) and Barangay Tango signed a Memorandum of Agreement (MOA) for the coverage of its 53 Job Order (JO) and Contract Of Service (COS) employees under the KaSSSangga-Collect Program on August 3, 2023.
Under the MOA, JO employees will be registered as self-employed members of the SSS. The barangay will be responsible on the deduction of workers’ contribution from its salary and remit these to the SSS.
As self-employed members of the SSS, JO’s and COS workers shall be eligible to Social Security (SS) benefits such as sickness, maternity, disability, retirement, death and funeral, including loan privileges like salary, calamity and pension loan. On top of the SS benefits, they can also avail of Employees’ Compensation (EC) benefits for work-related sickness, injury or death.
📄READ: SSS Circular 2022-022
bit.ly/3CVpKI3
This Circular announces the Guidelines on the Consolidated Loan Program with Condonation of Penalty
IMPORTANT ADVISORY ON NEW REQUIREMENT FOR SSS SHORT-TERM MEMBER LOANS
All individually paying members (Self-Employed, Voluntary, including Non-Working Spouse, and land-based OFW-Members) are now required to have at least 6 posted monthly contributions under their current coverage or membership type before the month of filing application for Salary, Calamity, or other short-term loans of SSS.
SSS Death Benefit Claims? Pwede na rin i-file online yan! Alamin dito sino ang mga qualified na mag-apply sa pamamagitan ng My.SSS Portal.👉Follow us: Websit...
SSS expands contribution payment options via mobile app, other online channels
The Social Security System (SSS) announced on Monday that contribution payments can conveniently be coursed through the SSS Mobile App and other online payment channels.
SSS President and CEO Michael G. Regino said that under the said app, individual members (self-employed, voluntary, non-working spouse, and land-based Overseas Filipino Worker) may pay their contributions using their GCash, PayMaya, or Bank of the Philippine Islands (BPI) account, or debit/credit card.
Apart from this, individual members may also use the mobile app and website of other SSS’ accredited collecting partners, such as Robinsons Bank Corporation (RBC), Security Bank Corporation (SBC) – SBOL, Union Bank of the Philippines (UBP), AltPayNet, CIS Bayad Center, Inc. (CBCI), GCash, and PayMaya.
“We encourage our members and employers to pay their contributions using our online channels as through these payment facilities, they no longer have to go to our branches. These can be accessed at the safety and convenience of their homes or offices,” Regino said.
On the other hand, business and household employers have online payment options, which include the SBC – Digibanker (https://sbcdigibanker.securitybank.com/portal), and UBP (https://www.unionbankph.com), including its UnionBank Online App.
Business employers may also use the BPI – Bizlink (https://www.bpibizlink.com), and BancNet’s eGov facility through its 19 participating banks.
Moreover, Auto Debit Arrangement is available for all types of payors through the BPI, Country Builders Bank (CBB), First Consolidated Bank, Metropolitan Bank and Trust Company (Metrobank), and Philippine National Bank (PNB).
The complete list of SSS-accredited online and over-the-counter payment channels, other than the Automated Tellering Systems in its branches, can be accessed at https://bit.ly/SSSCI2022-014.
Ang ani mula sa kanilang mga kamay, sa mamamayang Pilipino ay bumubuhay.
Abangan ang mas pinalawig na SSS coverage para sa Magsasaka't Mangingisda!
Pinag-iingat ng SSS ang mga miyembro nito laban sa "Fixers" na nagpapabayad para sa mga serbisyong gaya ng pagrerehistro o pagpapa-reset ng My.SSS account, pagkuha ng SS Number online, pag-enroll ng disbursement account, pagbabayad ng SSS contributions, at pag-apply ng mga benepisyo o loan.
Ano ba ang dapat gawin? Alamin dito: https://bit.ly/3bv3d9s
Ngayon, higit kailanman, kailangan nila ng proteksyon sa kahirapan.
Abangan ang mas pinadaling SSS contributions para sa Magsasaka't Mangingisda!
HELP US
HELP YOU.
If you have been a victim of scammers or fixers in your SSS online transactions, we urge you to file a complaint and cooperate fully with the Philippine National Police (PNP) or National Bureau of Investigation (NBI) Anti-Cybercrime Group.
With the assistance of the SSS Special Investigation Department (SID), you can help law enforcement agencies identify these scammers or fixers and file charges against them.
Report scammers or fixers to the SID through e-mail at [email protected] or at telephone no. (02) 8924-7370.
Dependent legal spouses who are SSS members may now submit their death benefit claims online
Social Security System (SSS) President and CEO Michael G. Regino announced on Wednesday that dependent legal spouses who are also existing SSS members may submit their Social Security (SS) and Employees’ Compensation (EC) death benefit claims online through the My.SSS Portal.
“The inclusion of death benefit application on our list of online services is part of the digital transformation efforts of SSS to ensure that our services are readily accessible 24/7. Applicants are required to enroll their disbursement accounts in the My.SSS Portal for the cashless release of benefits to the rightful recipients,” Regino said.
Qualified dependent legal spouses of deceased SSS members are those who have not re-married, cohabited or entered in “live-in” relationships before or after the members’ death.
However, Regino further clarified that special conditions wherein claimants have dependent child/children, member's date of death does not match the contingency date of settled funeral claim, with in-process/settled death benefit claim, member's death is caused by work-related illness which requires further medical evaluation under EC death benefit program, with invalid membership coverage of the deceased member, need to file their claims over the counter.
“In consideration of the nature of how we process death benefit claims especially in establishing the rightful beneficiaries and ensuring correct payment, there are cases of claim applications that still need to be filed over the counter for thorough screening and evaluation,” Regino concluded.
More details on the online filing of SS and EC death benefit claim can be accessed through https://bit.ly/3BDiOPd and https://bit.ly/3vwCn7V.
📄READ: SSS Circular 2022-016
bit.ly/3QgKGwO
This Circular announces the Guidelines on the Assistance for SSS Members/Pensioners Affected by Magnitude 7.0 Earthquake
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DTI Fair Trade Permit No. FTEB-145020 Series of 2022
https://shopee.ph/SSS
📄READ: SSS Circular 2022-009
bit.ly/3om08LP
This Circular announces the Online Filing of Social Security (SS) and Employees’ Compensation (EC) Death Benefit Claim Through the MY.SSS Portal
BABALA SA PUBLIKO!📢
⚠️ Siguruhin na tama at lehitimo ang SSS website o social media accounts na pinupuntahan ninyo.
⚠️ Huwag maniwala, buksan o ikalat ang mga "clickbait" posts tungkol sa pa-raffle o cash bonus para sa mga SSS Members. Fake News ito.
⚠️ Mag-ingat sa mga online scammers o fixers na diumano'y nag-aalok ng SSS-related services, kapalit ng "transaction fee", tulad ng mga sumusunod:
❎ Pag-update ng member information through FB Messenger;
❎ Pagkuha ng SS Number, UMID card, o Payment Reference Number;
❎ Pag-apply ng loans tulad ng Pension Loan Program (PLP), Calamity Loan Assistance Program (CLAP) at Salary Loan;
❎ Pag-enroll ng bank accounts sa Disbursement Account Enrollment Module (DAEM); at
❎ Pag-aapply online ng iba’t ibang SSS benefit claims
Ang mga serbisyong ito ay libre at maaari lamang gawin sa mga opisina ng SSS, sa My.SSS o SSS Mobile App. Huwag magbigay ng personal information at makipag-ugnayan lamang sa mga sumusunod na official online SSS channels:
✅ Website: www.sss.gov.ph
✅ Facebook: SSSPH
✅ Twitter: PHLSSS
✅ YouTube: MYSSSPH
✅ Instagram: MYSSSPH
✅ Viber: MySSSPh Updates
📞 Hotline: 1455 or 1-800-10-2255-777 (toll free)
SSS earns P28B in 2021; reported net loss due to new accounting standards
The Social Security System (SSS) announced that it has registered earnings of P28 billion in 2021 from its operations, with its contributions and investment income exceeding benefit payments and operating expenses.
In its 2021 unaudited financial statement, its cash inflows of P262 billion surpassed its cash outflows of P234 billion. In the last six years, SSS recorded cumulative earnings of P202 billion, even with a record-breaking P1.1 trillion benefit payments and P254 billion loan releases to its members and pensioners.
Recently, a resolution urging the senate to discuss the net loss reported by the SSS in the said financial statements has been made to which SSS President and CEO Michael G. Regino responded saying, “the SSS is always open to dialogues with policymakers, which can be a platform to help the pension fund’s stakeholders understand the current accounting standard it follows for the reporting of its financial performance and clear the public’s misconceptions about the matter.”
SSS’ adoption of the Philippine Financial Reporting Standards (PFRS) 4, which recognizes Social Benefit Liabilities (SBLs) and the Margin for Adverse Deviation (MfAD), resulted in an increase in its policy reserves of P872 billion that contributed to the accounting net loss of nearly P844 billion for 2021.
“We want to clarify that the increase in policy reserves is not actual cash that went out of the fund in 2021. These are simply estimates of the required reserves to fund future benefit claims,” Regino said.
“We recognize these future liabilities as early as now to be more transparent in managing the SSS fund and to create a clearer view of our long-term financial standing. We assure our stakeholders that this does not affect our current cash flows and we remain financially viable in terms of providing benefits to our members,” he added.
Notably, the SSS’ fund life is estimated to last until 2054. The estimated fund life of the social security institutions of other ASEAN countries such as Vietnam and
Thailand are until 2027 and 2054, respectively, while the United States Social Security Administration fund is expected to last only until 2034.
📄READ: SSS Circular 2022-011
bit.ly/3wMrdf4
This Circular announces the Revised Guidelines on the SSS Pension Loan Program
Ikaw ba ay SSS Retirement Pensioner na gusto ng safe, legit, at walang hidden charges na personal loan? Abangan!
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