Podcast
Questions and Answers
When does the obligation to pay contributions cease for an employee who separates from employment?
When does the obligation to pay contributions cease for an employee who separates from employment?
- At the time of separation
- After 30 days from separation
- End of the month of separation (correct)
- Immediately upon separation
For a month with no income, what is the requirement regarding SSS contributions?
For a month with no income, what is the requirement regarding SSS contributions?
- Must pay retroactively for the month
- Not required to pay for that month (correct)
- Required to pay contributions for the next two months
- Only partial payment is required
In terms of voluntary coverage, who among the following individuals is considered exempted from payment?
In terms of voluntary coverage, who among the following individuals is considered exempted from payment?
- Unemployed individuals
- Spouses working full-time outside of the household (correct)
- Self-employed individuals
- Household employees with another full-time job
For an OFW employed by a land-based employer, what payment category are they placed in?
For an OFW employed by a land-based employer, what payment category are they placed in?
What is the effective date for SSS coverage for a self-employed individual?
What is the effective date for SSS coverage for a self-employed individual?
What is the minimum amount that must be paid monthly for retirement if a member has credited years of service of at least 10 years?
What is the minimum amount that must be paid monthly for retirement if a member has credited years of service of at least 10 years?
What is the monthly pension for a retired member who has less than 21 years old dependents that are not married?
What is the monthly pension for a retired member who has less than 21 years old dependents that are not married?
When can a retired member's primary beneficiaries receive a lump sum payment?
When can a retired member's primary beneficiaries receive a lump sum payment?
What happens if a member does not present himself for examination at least once a year?
What happens if a member does not present himself for examination at least once a year?
For how long can a member receive Sickness Benefit per calendar year if unemployed?
For how long can a member receive Sickness Benefit per calendar year if unemployed?
Study Notes
Obligation to Pay Contributions
- The obligation to pay contributions ceases for an employee who separates from employment.
SSS Contributions
- If there is no income for a month, SSS contributions are still required.
Voluntary Coverage
- A non-working spouse is exempted from payment under voluntary coverage.
OFW Coverage
- An OFW employed by a land-based employer is placed in the "sea-based" payment category.
Self-Employed Coverage
- The effective date for SSS coverage for a self-employed individual is the first day of the month when they start their business operation.
Retirement Benefits
- The minimum amount that must be paid monthly for retirement is ₱1,200 if a member has credited years of service of at least 10 years.
- The monthly pension for a retired member with less than 21 years old dependents that are not married is ₱2,400.
Lump Sum Payment
- A retired member's primary beneficiaries can receive a lump sum payment if the retired member passes away.
Examination Requirement
- If a member does not present himself for examination at least once a year, their pension will be suspended.
Sickness Benefit
- A member can receive Sickness Benefit for a maximum of 120 days per calendar year if unemployed.
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Description
Learn about the protection and benefits provided by the Social Security System (SSS) including coverage for death, old age, sickness, and disability. Understand the compulsory coverage for employees, employers, self-employed individuals, and Overseas Filipino Workers (OFWs). Find out about the effective dates of coverage and obligations upon separation from employment.
