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BT: Social Security System (SSS) Implements New Retirement Pension Policy for Members
The Social Security System (SSS) in the Philippines has recently announced a new retirement pension policy that aims to provide better financial security for its members. The policy, called BT: SSS or “Better Today: SSS,” seeks to address the growing concerns regarding the adequacy of retirement benefits for Filipinos.
Previously, SSS members were entitled to a fixed pension amount based on their total contributions and years of service. However, this posed challenges for those who had contributed higher amounts throughout their working years but had relatively shorter tenure in employment. To address this disparity, the SSS has introduced a new scheme that takes into account the length of time a member has contributed to the system, rather than solely relying on the total contribution amount.
Under the new policy, the retirement pension will be calculated using a three-tier formula that incorporates the basic monthly pension (BMP), plus an additional amount for every ten years of contributions. This means that members who have contributed for a longer period will receive a higher monthly pension.
For instance, under the previous system, a member who had contributed the maximum amount in annual salary credit for thirty years would receive a fixed pension amount of P12,000. With the BT: SSS policy, this member would now be entitled to a monthly pension of P15,000, an increase of 25%.
The new policy is expected to benefit a larger portion of the SSS member base, particularly those who have been contributing to the system for a significant period. This move is in line with the government’s initiative to improve the welfare of retired Filipinos, ensuring that they receive more substantial retirement benefits based on their years of service.
Moreover, the better pension scheme aligns with the changing landscape of the labor market, where individuals may have multiple employers throughout their careers. This update guarantees that members are not penalized for switching jobs and provides a fair assessment of their total contributions to the SSS.
To ensure the success of the new policy, the SSS has also implemented measures to protect the sustainability of the pension fund. These measures include adjustments in contribution rates and the implementation of stricter regulations on employers’ remittances. The SSS aims to strike a balance between providing improved benefits to its members and maintaining the financial stability of the system.
Overall, the BT: SSS policy represents a significant step forward in addressing the retirement benefits gap in the Philippines. By recognizing the years of service and contributions of its members, the SSS is demonstrating its commitment to ensuring a dignified retirement for all Filipinos. With these changes, more individuals can confidently retire, knowing that they will receive a higher and more equitable monthly pension that acknowledges their years of dedication and hard work.
Salamat po sa information about SSS
Salamat sa sss pwede pla ituloy ang hulog pra umabot na makapag pension ang isang member na hindi nakakompleto ng hulog
karamihan halos 65yrs old patay na ang mga member,, mga walang puso ang mga naka upo diyan sa SSS 50yrs pa lang patay na ang mga member dahil sa virus ng covid karamamihan diyan naka upo gusto nila ibagsak ang governo natin para magalit ang taong bayan sa presidente ng pilipinas. galing galing talaga nila
Matanong lang ako 68 na naka bayad na ako 120 months gnyon year, kailan pwede mag apply ng pension?
Huwag Na pong
You will need of monthly lump sum of cash benefits, Even cut-off for monthly semester of retirement benefits?
Ad or palake penson
Pano p maenjoy ung pension im not agree
Kalokohan
nayda ramirez po. gusto ko lang po malaman kung nbbyaran po yong sss ko po.
Hi good am pwede po bang mag file ng retirement at the age of 60 almost 30 years na po ang akin contributions. PWD po ako.
Yung 2 billion naka-pondo ay bka ma-corrupt ng mga buwaya. Kc po kuwentado na budget every year.
Paano po ung 15days na nag lapse, dapat po kasama yun sa 16th. Oct or elsa naka-pondo yun, sa 2,000 php. ng 2 million pensioneer ay nasa +/_ 4billion po, saan mapupunta ito? Kindly comment, tnx
Ang sa aken po ay 240 months na ang contribution ko pwede po ba akong magearly retirement kc po ay disable po ako 57 p lng po ako hindi ko na po kayang magtrabaho uli kc po may kumplikasyon na po ang diabetis ko ng hypertension at arthritis
NAKAKATAKOT NA PO YATA ANG NANGYAYARI SA SSS BAKA BUGLA NA LANG MAGLAHO ANG PERA.ANO NA PO BA ANG BALITA SA 2ND TRANCHED NA DAGDAG SA PENSION.SABI PO NILA BAGO MATAPOS ANG TAONG 2020?
Ano na po ang bagong patakaran.
0
6/45
19-36-26-29-12-04
6 Draws ang play6/45
19-36-26-29-12-04
6 Draws ang play
Kàilan matamgap isanglibo sept na wala pa
Patay na, 65 napala. Yan ang hinihiling ni Hontivirus noon sa panukala na dapat 65 ang membro bago magpensyon. Lihim ata na ginawa iyan. Problema kasi kung korakot kayong mga matataas na posisyon. Walang ginawa kundi pahirapan ang mga mamamayan. Mga walang hiya kau!!!
Ngano na 65 years old naman sab na? Unsa? Amo baya na nga kwarta, mga currap lagi mo diha ba, sss na sab ang inbistihagon sa curraption!
Tutol kami sa 65 years retirement, dapat 60 lng! Npakaliit na nga ibinibigay na pension gagawin pang 65, paano oa maeenjoy ng miyembro pension niya kung malabis na katandaan at maysakit pa! Magrereklamo kami sa kongresso kapag binago niyo patakaran, mga halimaw kayo!
Dapat 60 years lng, bakit ninyo binago? kung kailan umigsi ang buhay ng tao!
pwedi mo pay ng contri in lumpsum for 120 minths？
Ma'am tanong kulang papa q member sss pero my kulang cxa 36 months tas 75 na cxa ngayon meron bha cxa makuha sa lamsam Nia buhay PA cxa paano at ano gawin q anak Nia aq salamat