How to Apply for the SSS Pension Loan Program

My aunt is a 65-year-old retired private school teacher.  She began receiving her SSS pension almost immediately after her 60th birthday.  Two years into her retirement, she fell ill and needed additional funds for her maintenance medications and regular check-up.  It was then that she was compelled to take on a loan of Php 25,000.00Continue reading “How to Apply for the SSS Pension Loan Program”

What to Do if You Have More Than One SSS Number

Norma worked as a private school teacher for 35 years.  Before she reached her 60th birthday, her husband advised her to begin working on her SSS retirement documents just to get a head start.  She was both sorry and thankful that she did; sorry because she discovered a problem that could cost her her entireContinue reading “What to Do if You Have More Than One SSS Number”

Requirements for the SSS Annual Confirmation of Pensioners Program (ACOP)

Are you currently receiving pension from the Social Security System (SSS), as a retiree or a beneficiary?  Have you recently undergone your Annual Confirmation of Pensioners (ACOP)?  Did you know that the ACOP schedule has been changed from contingency month to the birth month of the SSS member? To ensure continuous release of your monthlyContinue reading “Requirements for the SSS Annual Confirmation of Pensioners Program (ACOP)”

Step-by-step Guide in Applying for SSS Loan Restructuring Program

Do you have an outstanding loan with the SSS that is left unpaid for several years now?  Are you worried that the principal and interest rates have accumulated over time and you may not be able to pay the amount anymore? The SSS has good news for you!  They have recently launched the their LoanContinue reading “Step-by-step Guide in Applying for SSS Loan Restructuring Program”

How to Compute Your SSS Pension

As paying members of the Social Security System (SSS), we are all looking forward to that day when we can just sit back, relax, and wait for our monthly pension to arrive.  We count the years until we are prepared to retire from our jobs and finally be able to take that much needed vacation,Continue reading “How to Compute Your SSS Pension”

Effects of Non-Reporting of SSS Remittances

A person’s SSS membership must be kept active at all times.  Keeping your information, contributions, and loan payments (if you have any) updated help you avoid inconveniences when claiming for your benefits later on. But what if a member (whether employed or voluntary) or his employer fails to update the SSS contributions and payments?  WhatContinue reading “Effects of Non-Reporting of SSS Remittances”

How to Claim for SSS Death Benefits

When an SSS member passes away, his beneficiaries are entitled to claim death benefits from the Social Security System (SSS).  Here is how you can file and claim for SSS death benefits: There are two types of death benefits paid to beneficiaries of a member: Pension Lump Sum Amount In order for the beneficiaries toContinue reading “How to Claim for SSS Death Benefits”