Get Sss Retirement Form 2021

However, once you become a covered SSS member, you become a member for life. The contributions that you remit become savings for the future that will serve as basis for the granting of social security benefits in times of contingencies. Membership cannot be withdrawn and contributions paid cannot refunded.

Member must have paid at least 120 monthly contributions prior to the semester of retirement and is any of the following, whichever is applicable: at least 60 years old and separated from employment or has ceased to be an SE/OFW/Household Helper (optional retirement);

QUEZON CITY -- The Social Security System (SSS) announced on Thursday that its pensioners will be receiving their 13th month and December 2022 pensions as early as the first week of December 2022. SSS President and Chief Executive Officer Michael G. Regino said the pension fund is set to release around P29.

Benefit applications can take up to three months to process, so apply three months before your planned start date. If you are drawing spousal or survivor benefits on another person's earnings record, your payment date depends on that person's birthday and follows the schedule above.

SSS account, click Apply for Retirement Benefit under the Benefits section of the E-Services tab, fill out the required information, and submit the required supporting documents,” Regino said.

2023 SSS Contribution Table. In ance with RA 11199, otherwise known as the Social Security Act of 2018. Starting January 2023, the members' contributions will increase from 13% to 14%. The 1% increase will be shouldered by the employer.

A typical multiplier is 2%. So, if you work 30 years, and your final average salary is $75,000, then your pension would be 30 x 2% x $75,000 = $45,000 a year. That $45,000 becomes your guaranteed lifetime income.

The minimum monthly Retirement Pension is P1,200 if the member has 120 months contribution or at least ten (10) CYS; or P2,400 if with at least 20 CYS. A cash benefit granted - either as a monthly pension or a lump sum amount - to the beneficiaries of a deceased member.