Friday, March 30, 2018

Who Can Apply For SSS Membership

Who can apply for SSS Membership

As part of the state’s mandatory opportunities, SSS is, without doubt, one of the most successful anti-poverty programs ensuring every member and their beneficiaries against future contingencies that would result in financial burden and loss of income, thereby improving the quality of life of million Filipinos here and abroad. 

Anyone who is NOT over sixty (60) years old, employed, self-employed, OFW, non-working spouse and a surviving spouse or guardian of a pensioner can register for SSS membership and get an SSS number.

Nevertheless, there are specific guidelines and categories of individuals who can avail and register for membership. Let's look into the detail of who can really apply this privilege.

Employed Individuals

1. Private Sector Employee – regardless of whether permanent, provisional or temporary, not more than 60 years old. 

2. Family Helper – any individual who serves a family as a maid, nursery worker, cook, tutor, or other household position, who isn't an individual from the group of the family unit business (HR) or his/her companion and acquiring at any rate Php1000 per month. 

3. Filipino Seafarer – secured upon real sending by keeping an eye on office together with the remote ship proprietor as their bosses. 

4. Filipino Employees of another government, global association or their entirely claimed instrumentality situated in the Philippines which went into a regulatory concurrence with the SSS.

Self-employed Individuals or Professionals

These are those with a salary of at any rate Php1000 a month and not more than 60 years of age regardless of trade, business or occupation which include but not limited to the following:

1. Independently Employed Professionals –, for example, Medical Practitioners, Lawyers, Engineers, Programmers, and other people who are not employed by an organization or explicit association. 

2. Entrepreneurs – these incorporate colleagues, sole owners, the top managerial staff of enterprises properly enrolled with suitable government offices. 

3. Television Personalities – like entertainers, on-screen characters, executives, scriptwriters and news journalists who don't fall inside the meaning of the expression "representative". 

4. Proficient Athletes, Coaches, Trainers, and Jockeys 

5. Farmers, Ranchers, and Fisher Folks 

6. Laborers in the Informal Sector –, for example, market and ambulant merchants, open utility vehicle drivers, travel industry-related specialists, and others comparatively situated.

Overseas Filipino Workers

OFWs are those all Filipinos recruited in the Philippines by a foreign-based boss for work abroad, having a wellspring of salary in an outside nation and who are perpetual inhabitants in a foreign nation.

Non-Working Spouse

An individual lawfully wedded to an employed and actively paying SSS member who gives full time in the administration of the family unit and family undertakings can enlist as a non-working life partner member on a voluntary basis, provided that there is an approval of the working life partner.

Separated Members

Any individual who has changed their employment status and needs to further and completely profit from SSS advantages should keep on paying their month to month commitments as a Voluntary Member with the same SSS number.

Voluntary membership is exclusively for:

1. Those separated from employment

2. Previously self-employed who decided to work under an employer

3. OFWs who had returned home 

4. A life partner who chose to begin working 

To apply for membership, you may register online via the SSS website.

Do you have something to add to the information listed above? Don't hesitate to put in the comments section below.

Friday, March 23, 2018

SSS Salary Loan: Definition and Requirements

Salary Loan

A salary loan is a money credit allowed to an employed, an independently employed or voluntary members provided that SSS requirements are met.

Salary Loan Eligibility

Here are the qualifications for the SSS Salary Loan application.

1. 36 posted monthly contributions

The member should have at least thirty-six (36) posted month to month commitments, six (6) of which ought to be inside the last twelve a year preceding the long stretch of documenting of utilization.

2. 72 posted monthly contributions

Seventy-two (72) posted month to month commitments, six (6) of which ought to be inside the last twelve a year before the period of the recording of use to benefit of two-month advance. 

3. Should have not granted  Permanent Disability or Retirement Benefit

The member who intends to apply for the salary loan should have not been granted of either the permanent disability or retirement benefit, not more than 65 years old, updated with his/her monthly contributions and has not been disqualified due to fraudulence.

Whenever the member is employed, his/her employer must have great records in the remittance of the month to month commitments.

Required Documents For Salary Loan Application

There are certain documents that a member needs to bring or submit during the credit application. 

If the loan application is filed by the member himself, he needs to present the Member Loan Application Form, SSS digitized ID or E-6 affirmation stub, and any two (2) substantial ID's, one of which with a photograph. You may check here the list of SSS accepted IDs.

If the loan application is applied by the member’s representative, the delegate needs to present an appropriately accomplished Member Loan Application Form by the member, member’s SSS ID, or any two (2) legitimate IDs with signature and with a photograph, an authorization letter, and the representative’s SSS ID or any two (2) substantial IDs both with signature and with a photograph. 

If the application is filed through the employer or company's agent, the agent has to submit the Loan Application Form, member’s SSS ID, or application for SSS ID affirmation stub and any two (2) legitimate IDs both with signature and photograph, authorization letter from boss and two (2) substantial IDs both with signature and photograph and the ACR Card.

SSS Salary Loan Filing Process

The member may apply for the salary loan at the branch closest to the spot of living arrangements or business. 

A member who has enrolled in the SSS site or is enlisted to "My.SSS" can apply for the loan via the website. You may check How to Apply for SSS Salary Loan Online here!

The loan application submitted online by the employed member will be coordinated to the employer’s My.SSS account for accreditation or endorsement. Thus, the business ought to likewise have an SSS Web account.

Note: The business ought to present a refreshed Specimen Signature Card (SS Form L-501) to be refreshed yearly to keep away from delay in the handling of salary loan applications. 

OFW individuals may likewise file their loan application at the SSS Foreign Representative Offices in selected nations.

On the off chance that there is no SSS office in a specific nation, they may send their application and the supporting documentation to their relatives in the Philippines and approve them to document at the SSS branch. Documents from other countries ought to be properly verified or ensured by the Philippine Consulate Embassy. 

Do you have questions regarding SSS Salary Loan? Don’t hesitate to put in the comments section below and we’ll try to get to you as soon as we can.

Friday, March 16, 2018

SSS Partners With UnionBank For Loan Disbursement | Free UBP Quick Card

Business World

The Social Security System (SSS) of the Philippines has made their service even better by launching a Quick Card Facility in partnership with UnionBank for faster receipt of salary loan proceeds providing ease and convenience to every member.

The said facility was initially opened on the 27th of October 2015 at three pilot SSS branches within Metro Manila which were chosen based on their high volume of salary transactions and proximity to business districts, namely, SSS Diliman, Makati-Gil Puyat, and Pasig-Shaw.
UnionBank Quick Card or ePaycard.

The UnionBank Quick Card is a Visa Debit Card linked to a member’s personal savings account where SSS members can receive their salary loan disbursements, and eventually Sickness, Maternity, and Employees Compensation (SMEC) benefits, as well as, pension and pension loans.

It would be opened as part of the salary loan application and would be issued to the member free of charge on the same day.

The loan proceeds will be credited to the UnionBank savings account within 3-5 working days upon approval of the salary loan.

Members can then withdraw their loan proceeds from any Megalink, Bancnet, and Expressnet ATMs.

By having the Quick Card, members can now enjoy a quicker and safer way of receiving SSS loan disbursements and benefits.

No more waiting of checks from the mail or through employers, no more long lines, no encashment, just easy withdrawal at any ATMs.

The card can also be used for over-the-counter and online purchases at any Visa-affiliated merchants similar to a Debit Card.

The Card is equipped for mobile and online banking, and since it is linked to a savings account, members can utilize it where they can deposit and withdraw funds from other sources apart from SSS.

Members will then receive SMS alerts once funds have been credited to the card.

The Quick Card has no expiration date, thus, members can use the same UnionBank savings account every time they want to renew their SSS salary loan.

Members also have an option to use existing UnionBank savings or checking account to receive the loan proceeds apart from the SSS-UnionBank Quick Card.

How to Avail of UnionBank Quick Card

The UnionBank Quick Card or ePayCard is part of the salary loan application process.

The member who wants to avail of the card for the first time must personally file their salary loan application in any participating SSS branches.

Even if the member just wants to enroll in their existing UnionBank account, he/she is required to visit any SSS branch.

The member has to go to the UnionBank kiosk stationed at the SSS office, fill up the required account opening documents, and wait for the card to be released on the same day.

An identification card is required upon account opening, therefore, it is imperative to bring any of  SSS Accepted IDs.

The member needs to approach the on-site UnionBank personnel who assists loan borrowers in opening a bank account for the card, certifies the member’s existing savings or checking account for the salary loan release, and accommodates the activation of SSS UMID ATM Cards.

What can you say about this partnership between SSS and UnionBank? Please tell us in the comments section below.

Source: SSS Website

DISCLAIMER: I am not affiliated with SSS or with any government agency. My sole purpose is to help educate the Filipino people especially those busy wives and mothers from the remote areas. For accurate assistance and information, you can directly visit the nearest SSS branch office. 

Friday, March 9, 2018

SSS Monthly Contributions For 2018

SSS Monthly Contributions 2018

The Social Security System (SSS) of the Philippines is without a doubt one of the most successful anti-poverty programs in history as it helps improve the quality of life of millions of Filipinos with its retirement and disability benefits. 

As one of the state's mandatory benefits, SSS membership is not only exclusive to employed individuals. It is also offered to self-employed individuals, non-working spouses, and OFWs given that he/she is not over 60 years old and able to pay the monthly premiums.

Schedule of Monthly Contributions 

The following tables show the most updated SSS monthly contribution. The first table shows the Employer and Employee Shares, and the total monthly contribution. The second one shows the Self-Employed Individuals, Voluntary Members, and OFWs total monthly contribution.

Employer-Employee Monthly Contribution 2018

Please take note that ER stands for “Employer” and EE stands for “Employee”. Thus, the amounts below these acronyms represent the employer’s and the employee’s contribution shares.

Self-Employed and Voluntary Member Monthly Contribution

The monthly contributions are based on the compensation of members. The current SSS contribution rate is 11% of the monthly salary credit not exceeding P16,000 and this is being shared by the employer (at 7.37%) and the employee (at 3.63%). Self-employed and voluntary members pay the 11% of the monthly salary credit based on the monthly earnings declared at the time of registration. OFWs' minimum monthly salary credit, on the other hand, is pegged at P5,000. Non-working spouse' monthly contribution will be based on 50% of the working spouse' last posted monthly salary credit, but in no case shall it be lower than P1,000.

For Employed Members, it is important that you are aware of the payment deadlines for contributions and member loans in order to avoid incurring penalties. If you are an employee-member, your employer MUST pay your contributions and member loans monthly in accordance with the prescribed schedule of payment which is according to the 10th digit of the EMPLOYER'S ID Number. Late payments will result in penalties and delays in the processing of your benefits and loans. The frequency of payment is on a monthly basis for business and household employers.

For Self-Employed and Voluntary Members, the prescribed schedule of payment is also being followed depending on the 10th digit (last digit) of the self-employed or voluntary member SSS Number. However, the frequency of contribution payments for these types of members can be on a monthly or quarterly basis. Quarter covers three (3) consecutive calendar months ending on the last day of March, June, September, and December. Any payment for one, two or all months for a calendar quarter may be made.

As for OFWs, payment of contributions for the months of January to December of a given year may be paid WITHIN the same year. Contributions for the months of October to December of a given year may also be paid ON or BEFORE the 31st of January of the succeeding year.

Due Dates of Contributions

The following table shows the prescribed contribution payment deadline for regular and household employers, and for self-employed and voluntary members. 

Due Dates of SSS Monthly Contribution

As mentioned above, OFW's can pay their contributions from January to December within the same year and can pay until January 31st of succeeding year for October to December contributions.

Hope you find the information above noteworthy! If you have further questions, don’t hesitate to post a comment below.

Source: SSS Website

DISCLAIMER: I am not affiliated with SSS or with any government agency. My sole purpose is to help educate the Filipino people especially those busy wives and mothers from the remote areas. For accurate assistance and information regarding the SSS schedule of contributions, you can directly visit the nearest SSS branch.