2

Value of SSS Membership

TYPICAL WORKER-MEMBER: WITH 20 SERVICE YEARS

25 y.o. 35 y.o. 45 y.o. 55 y.o. 65 y.o.

Becomes SSS member Reaches compulsory retirement

RETIREMENT BENEFITS
(plus 13th month pension)
Contributions Pensions
(20 years) (20 years)

Min P24,960 P624,000

Max P374,400 P1,638,000
Up to 25x in return
 3

Value of SSS Membership

25 y.o. 35 y.o. 45 y.o. 55 y.o. 65 y.o.

Worker dies; with 1 qualifying contribution

DEATH BENEFITS
(plus P20,000 Funeral Grant)
Contributions Lump
(1 month) Sum
Min P104 P32,000
Max P1,560 P92,000
Up to 308x in return
 4

Value of SSS Membership

25 y.o. 35 y.o. 45 y.o. 55 y.o. 65 y.o.

Worker gets sick for 120 days; with 3 qualifying contributions

SICKNESS BENEFITS
Contributions Cash
(3 months) Allowances
Min P312 P1,800
Max P4,680 P27,000
Up to 6x in return
 5

Value of SSS Membership

25 y.o. 35 y.o. 45 y.o. 55 y.o. 65 y.o.

Female worker gives birth; with 3 qualifying contributions

MATERNITY BENEFITS
(Normal: 60 days / Caesarian: 78 days )
Contributions Cash
(3 months) Allowances
Min P312 P1,000 / 1,300
P15,000 /
Max P4,680 19,500
Up to 4x in return
 6

Value of SSS Membership

25 y.o. 35 y.o. 45 y.o. 55 y.o. 65 y.o.

Worker is partially disabled for 2 years; with 36 qualifying contributions

PARTIAL DISABILITY BENEFITS
(plus 13th month pension & Supp. Allowance)

Contributions Pensions
(36 months) (2 years)

Min P3,744 P39,000

Max P56,160 P169,000
Up to 10x in return
 7

Value of SSS Membership

25 y.o. 35 y.o. 45 y.o. 55 y.o. 65 y.o.

Worker is totally disabled; with 36 qualifying contributions

TOTAL DISABILITY BENEFITS
(plus 13th month pension & Supp. Allowance)

Contributions Pensions
(36 months) (5 years)

Min P3,744 P97,500

Max P56,160 P422,500
Up to 26x in return
 8

Value of SSS Membership

25 y.o. 35 y.o. 45 y.o. 55 y.o. 65 y.o.

Worker dies & leaves primary beneficiaries; with 36 qualifying contributions

DEATH BENEFITS
(plus 13th month pension & P20,000 Funeral Grant)

Contributions Pensions
(36 months) (5 years)

Min P3,744 P85,000

Max P56,160 P410,000
Up to 23x in return
 9

Value of SSS Membership

SURVIVORS PENSION
(plus P20,000 Funeral Grant)

Member- Primary beneficiaries continue to receive

pensioner 100% of monthly pension for life
dies
 10
Value of SSS Membership
(Actual Member Cases)

Credited Service: 20 Years Minimum Maximum

Pension Period: 10 Years Case Case
Contributions Paid /a P 7,184 P 131,328
Last Monthly Contribution P104 P1,560

Benefits Received /b P 332,000 P 839,000

Monthly Pension P2,400 P6,300

Contribution-Benefit Ratio P1 : P46 P1 : P6

/a Based on 240 monthly contributions (20 years) paid in 1980-1994 & 2005-2009 (w/ 10-year gap in 1995-2004)
/b Retired at 65 y.o. in 2010; Based on pension period of 10 yrs., with funeral grant of P20,000
 11
Value of SSS Membership
(Actual Member Cases)

Credited Service: 20 Years Minimum Maximum

Pension Period: 20 Years Case Case
Contributions Paid /a P 7,184 P 131,328
Last Monthly Contribution P104 P1,560

Benefits Received /b P 644,000 P 1,658,000

Monthly Pension P2,400 P6,300

Contribution-Benefit Ratio P1 : P90 P1 : P13

/a Based on 240 monthly contributions (20 years) paid in 1980-1994 & 2005-2009 (w/ 10-year gap in 1995-2004)
/b Retired at 65 y.o. in 2010; Based on pension period of 20 yrs., with funeral grant of P20,000
End of Presentation
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