Discover everything you need to know about SSS retirement pension benefits: Unveiling the facts! | Social Security System

by | Jul 15, 2023 | Retirement Pension | 37 comments

Discover everything you need to know about SSS retirement pension benefits: Unveiling the facts! | Social Security System




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SSS RETIREMENT PENSION BENEFIT | SOCIAL SECURITY SYSTEM

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SSS RETIREMENT PENSION BENEFIT: ALAMIN! | SOCIAL SECURITY SYSTEM

The importance of securing one’s future cannot be stressed enough, especially when it comes to retirement. In a rapidly changing world, ensuring financial stability during old age is crucial. That is where the Social Security System (SSS) retirement pension benefit comes into play. Understanding how this benefit works and taking advantage of it can significantly contribute to a worry-free retirement.

To begin, the SSS is a government agency in the Philippines that provides social security protection to private sector employees. It aims to assist Filipino workers and their families in times of contingencies and retirement. The SSS retirement pension benefit is one of the key benefits offered by the organization.

Eligibility for the SSS retirement pension benefit starts at the age of 60 for employed members. For voluntary, self-employed, and Overseas Filipino Workers (OFWs), the age of eligibility is 65. Members must have made at least 120 monthly contributions to be eligible for the pension. The amount of pension a member can receive is based on their paid contributions and the credited years of service. With more contributions made, the pension amount will also increase.

To apply for the SSS retirement pension benefit, members must submit certain documents, such as the Unified Multi-Purpose Identification (UMID) card or SSS biometrics ID card, as well as a filled-out retirement claim application form. It is best to personally visit an SSS branch for guidance and assistance during the application process. It is also important to remember that applications should be made at least six months before the intended retirement date.

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Once approved, the monthly retirement pension will be credited to the member’s selected bank account. It is advisable to ensure accurate banking information to avoid any delays in receiving the pension benefits. Moreover, the SSS also provides an option for members to receive their pension in advance as a lump sum, equivalent to 18 times their monthly pension. This can be availed if the member has reached the age of 60 and does not intend to continue working.

Furthermore, the SSS retirement pension benefit is not only limited to local workers. OFWs can also take advantage of this program. OFWs who have paid at least 36 monthly contributions and have not yet reached the retirement age can avail themselves of the Flexi-fund Program. This program allows them to contribute additional amounts voluntarily, which can increase their total pension benefit.

In conclusion, the SSS retirement pension benefit is an excellent opportunity for individuals to secure their financial stability during retirement. It provides a monthly pension based on the member’s contributions and credited years of service. By initiating the application process at the appropriate time, members can ensure a smooth transition into their golden years. Remember, preparing for retirement is not just an option – it is a necessity.

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37 Comments

  1. Millardo Calderon

    Bakit kayo 65 nang 65year gusto nanga bang 60 bakit ano ba talaga.alam inyo naman mAdali and buhay ng Tao.

  2. redo

    Retirement benefits for OFW kasambahay sealand Base na mga workers kawawa sila mga voluntary contribution Wala silang unemployment benefits. Yun iba matagal Ng tengga pero pero walang unemployment benefits Ang mga OFW, sino ba Ang nakikinabang sa unemployment benefits Ng mga OFW na dapat ay para sa kanila. Ilang dekada na bang Hindi nakikinabang Ang mga OFW sa unemployment benefits, pareparehong naghuhulog bakit sa OFW ay walang unemployment benefits pag nag retired.

  3. Jesus Ariola

    Sir,pwede ba ako magparecompute ng aking pension.

  4. Julito Magulta

    Nag start ako Medio maliit pa ang contribution Kaya mababa pa din ang monthly salary credit ko pero sa latest employer tumaas na. Yon pa rin ba monthly salary credit ko?

  5. jekjek gutierrez

    Sir panu nmn poh un s tatay ko nkakuha k siya ng 38 k tapos me pinangako p si sss n 64k pero until now wala p din retirement benifit poh siya…panu poh b ayusin un??need poh i follow up s office ng sss

  6. Ghing Arsolon

    Bakit nag English ka paano ka maintindihan nang mga pilipino .mga kabayan ang ipinaliwanag mo diba

  7. Nitz Zhuang

    paano po kung prior to senior citizen ehh naging PWD ka,at tumatanggap ng PWD claim,pagdating po ng senior,makakatanggap pa ba ng senior benefits pension?

  8. mobile legends

    hello po, paano po computation kung ang contribution ko ay 268 months

  9. Arturo Carredo

    Good morning ma'am sir itanong kolang 273 mons Nako batkolang 1982 to 1989 bakit WALA sir ma'am Sa picop bislig company Ako nag trabaho bakit WALA 9 year WALA maraming salamat ano Yan loan some Yan natang gam KO

  10. Alex Villar

    life time po ba ang pension? what if namatay ang pensioner then may asawa, upon checking my previous loan na hindi pa nabayaran ni pensioner, my makukuha paba ang asawa ng pensioner?

  11. Jenifer Ruzol

    Un bang sa independent kasama na ba un sa advance na 18 buwan na binigay ng sss sa akin

  12. Asuncion Salero

    Cguro purong pilipino lahat nanunuod dto baket nag e English Po kayo?

  13. estacio ham

    Gusto ko lng po itanong kung may utang pa s housing loan ay pwede p rin mgretire at hindi maforfeit para s utang s housing loan

  14. Mario Picar

    Puro ka dada dapat ibalita mo ang buwanang sahud at bonus ng mga SSS opisyals kasabwat ka ata ng mg sss opisyals sa panloloko sa mga pensionado.

  15. Mario Picar

    Dapat ibalita mo sa amin ang buwanang sahud at bonus ng mga subrang daming SSS opisyals.

  16. Nelanie Mendoza

    Correction pls I recieved my 18 most.lumpsum last Nov.22.2021 pa po.May 13month po ba ako this year 2022? Salamat po

  17. Nelanie Mendoza

    Ask ko lang po mga ma'am and Sir naglumpsum po ako ng 18 mo's. Can I received 13month pay this Year 2022? I recieved my 17 mo's lumpsum last Nov.22;2021 pa po.kindly reply pls.

  18. Yanz Fernandez

    Pano po pag angagpepension ay mali ang isang letra ng apelyido s birth certificate at sss member makaka avail p po ng pension

  19. Josefina Tan

    Naka 130/napo hulog nya

  20. Josefina Tan

    Pano po kung na sa ibang bansa malalakad poba ng dalawang lingo pinsion nya

  21. Randall Lim

    Gud pm po sir, 58 yrs old po ako, self employed pero wala na po ako bysiness pwde po ba ako mag apply ng lumpsum, 116 na po contribution kpo

  22. Nesty Positor

    Gudnun po.ung lolo ko po nag file nong june27, nag60 po xa nong june13..240 months po ung hulog nya.pwd na po xa.ask ko LNG po ilang buwan Bago makuha lumsum nya.thanks sa responce

  23. Alexander Dupio

    Sir, what if i have no savings account transaction

  24. Ricardo Aldefolla

    Pano kung more than 65 yrold na pero di nareach 120 mnth

  25. esther eufemia soringa

    Hi Sir ask ko lang yung tito ko is planning to file his retirement claim this year pero nag 60 sya last october 2021. Makukuha nya pa rin po ba yung pension nya from October 2021 to July po? Thank you

  26. Amanda Stein

    Foreigner husband ko, pwede ko ba siyang ilagay na primary beneficiary?

  27. Nenia Abonita

    Hello PO paano nman PO yong computation Ng mga voluntary lang

  28. Adorable Pleras

    Sir …for example naka 400 monthly contribution na …puede ba Kunin yung 180 lump sum ….then meron din na monthly na pension ….

  29. Ma. Mae Zacarias

    May tanong sana ako Mam/Sir dalawang company ang naghulog sa aking SSS qualified ba ang dalawa sa isang acct. lang

  30. Rhodora Estrada

    Pno po kya kung my utang sa sss…pwede po kyang mapensyonn ang ganon since dko npo nabayaran dhil na stroke po ako.? Dko npo kyang bayaran …sana po msagot ninyo..salamat po

  31. Alicia Agliam

    Gud day po sir.isa po akong kasambahay at sahodko ay 4000 a month Kay'a ngaun hulog k sss ko is 455 ..dati 390 sir.ngaun SBI skn pwede ko Ng ilakad sss pension ko KC 120 yrs.n ako maghulog sir.magkanu Kay'a makuha ko pension sir at Kung makuha b Ang 18 months e maari p b ako magmonthly pension pagtapos nnangb18 months sir.mgkanu n buwanan ko sir.tnx sir

  32. Erick Daeso

    Sir after na approved po ang disbursement account enrollment how many days pa ang aantayin bago ma release ang pensyon?

  33. Elizalde Habana

    18month landsome magkano Naman Ang makukuha

  34. Gilbert Alconera

    paano po pag 67 na nakapag file nang retirement makukuha parin ba ang 2yrs na walang nakuhang pension???

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