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What is the social security system in the Philippines?
The Social Security System (SSS; Filipino: Paseguruhan ng mga Naglilingkod sa Pribado) is a state-run social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954.
How does SSS work in the Philippines?
All income earning SSS members are required to contribute monthly into the fund, the amount depends will depend on their salary bracket. In exchange for the said monthly contributions, members will enjoy insurance benefits such as sickness, maternity, disability, retirement, death and funeral and salary loan.
Is SSS mandatory in the Philippines?
Coverage under the SSS is compulsory for all employers in the private sector and their employees who are not over 60 years of age, whether with permanent or provisional employment status, including domestic helpers.
How much is social security in the Philippines?
1 The total SSS contribution rate has risen from 14 percent to 15 percent. For employed members, this means employers now contribute 10 percent (up from 9.5 percent), while employees contribute 5 percent (up from 4.5 percent).
affidavit death claim form
www.sss.gov.ph onlinePhilippines social security system online registrationPhilippines social security system loginPhilippines social security system pensionSSS onlinesss.gov.ph memberPhilippines social security system contributionSSS login
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