Podcast
Questions and Answers
When does the obligation to pay contributions to the Social Security System (SSS) cease for an employee who separates from employment?
When does the obligation to pay contributions to the Social Security System (SSS) cease for an employee who separates from employment?
- At the end of the following month after separation
- At the end of the month of separation (correct)
- Immediately upon separation
- After 3 months from separation
For which category of individuals does the Effective Date of coverage in SSS start from the day of employment?
For which category of individuals does the Effective Date of coverage in SSS start from the day of employment?
- Self-employed individuals
- Employees not over 60 years old
- Employers (correct)
- Overseas Filipino Workers (OFWs)
What happens to an employee's existing private benefits when they are covered under the Social Security System (SSS)?
What happens to an employee's existing private benefits when they are covered under the Social Security System (SSS)?
- Increased upon enrollment
- Reduced by 50%
- Continued without any changes (correct)
- Discontinued immediately
Who is responsible for ensuring Social Security System (SSS) benefits for sea-based Overseas Filipino Workers (OFWs)?
Who is responsible for ensuring Social Security System (SSS) benefits for sea-based Overseas Filipino Workers (OFWs)?
What happens to the obligation to pay contributions to SSS when an individual has no income in a particular month?
What happens to the obligation to pay contributions to SSS when an individual has no income in a particular month?
Who is eligible for voluntary coverage under the Social Security System (SSS)?
Who is eligible for voluntary coverage under the Social Security System (SSS)?
What is the minimum monthly pension for retirement if the credited years of service is at least 10 years?
What is the minimum monthly pension for retirement if the credited years of service is at least 10 years?
What is the additional benefit allowance amount according to the text?
What is the additional benefit allowance amount according to the text?
If a retired member has primary beneficiaries, what are they entitled to upon death?
If a retired member has primary beneficiaries, what are they entitled to upon death?
What is the Dependent’s Pension amount when the dependent is not gainfully employed and below 21 years old?
What is the Dependent’s Pension amount when the dependent is not gainfully employed and below 21 years old?
What is the requirement for Lumpsum Benefits if the retiree does not qualify based on contributions paid?
What is the requirement for Lumpsum Benefits if the retiree does not qualify based on contributions paid?
For how many days must a person be confined to qualify for Sickness Benefit according to the text?
For how many days must a person be confined to qualify for Sickness Benefit according to the text?
In case of Permanent Disability, what happens if the disability pension has been paid for less than 36 months?
In case of Permanent Disability, what happens if the disability pension has been paid for less than 36 months?
Study Notes
Contributions to Social Security System (SSS)
- Obligation to pay contributions ceases for an employee upon separation from employment.
- Individuals in the employee category have coverage that starts from the day of employment with SSS.
Private Benefits and SSS Coverage
- Existing private benefits of an employee remain unaffected when they are covered under the Social Security System (SSS).
Overseas Filipino Workers (OFWs)
- The Philippine government ensures SSS benefits for sea-based Overseas Filipino Workers (OFWs).
Contributions and Income
- If an individual has no income in a particular month, the obligation to pay contributions to SSS is suspended for that duration.
Voluntary Coverage
- Individuals eligible for voluntary coverage under the Social Security System (SSS) include self-employed persons, those separated from employment, and other non-working individuals who wish to continue their contributions.
Minimum Monthly Pension
- The minimum monthly pension for retirement is granted if the credited years of service is at least 10 years.
Additional Benefits
- An additional benefit allowance amount is provided as part of SSS coverage for eligible members.
Survivor Benefits
- Upon death, retired members with primary beneficiaries are entitled to certain benefits, typically transfer of benefits to surviving family members.
Dependent’s Pension
- The Dependent's Pension is provided to dependents who are not gainfully employed and are below 21 years old.
Lumpsum Benefits Requirement
- To qualify for Lumpsum Benefits, a retiree must have made sufficient contributions, otherwise, they may not be entitled to this benefit.
Sickness Benefit Qualification
- An individual must be confined for a minimum number of days (specified in the regulations) to qualify for Sickness Benefit.
Permanent Disability Pension
- If a Permanent Disability pension is paid for less than 36 months, specific regulations apply regarding continued eligibility and benefit payments.
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Description
Test your knowledge on the protection and benefits provided by the Social Security System (SSS), including coverage for death, old age, sickness, and disability. Learn about the compulsory coverage for employees, employers, self-employed individuals, and Overseas Filipino Workers (OFWs), as well as the effective dates for enrollment and separation from employment.
