SSS Long Term Benefits

A. Disability Benefit
Cash benefit paid to a member who has paid at least one contribution and becomes permanently disabled either partially or totally.
Benefit is paid either in lump sum or pension. To qualify for a pension, member must have paid at least 36 monthly contributions.

B. Retirement Benefit
Cash benefit paid to a member who can no longer work due to old age and has reached the age of 60 (voluntary retirement) or 65 (compulsory retirement).
Benefit is paid in lump sum (if with less than 120 contributions) or pension (if with 120 contributions or more).

C. Death Benefit
* Cash benefit paid to primary beneficiaries of a deceased member who had paid at least 36 monthly contributions prior to the semester of contingency. In the absence of primary beneficiaries, the dependent parents shall be the secondary beneficiaries. In their absence, the beneficiary, shall be any other person designated by the member as his secondary beneficiary.

Minimun pension amount
Death and Disability
♦P1,000 if with less than 10 CYS
$P 1,200 if with at least 10 CYS $P 2,400 if with at least 20 CYS
Retirement
#P 1,200 for members with at least 10 CYS
#P 2,400 for members with at least 20 CYS

Funeral Benefit
^Benefit granted in cash amounting to P 20, 000
*to help defray the burial expenses of the deceased person
* Cash benefit is usually paid to the person who shouldered the funeral expenses
^Documents Needed:
- Claim Application
- Death Certificate
- Funeral Receipt
- Affidavit of Funeral Expenses

Other benefits
^Dependents pension
♦paid to dependent children, maximum of five, equivalent to 10% of basic pension or P250 whichever is higher
& Survivor’s pension
♦paid to the surviving dependent spouse of a pensioner, equivalent to 100% of the basic pension



SSS Long Term Benefits