SSS Inquiries... Let Me Help You...

Reese · April 1, 2004

pagkaka-alam ko kc them equitable-pcib shares was bought by sss as an arroyo support when customer confidence was falling. remember mismong vp ng pcib ang nagsiwalat ng 'secret' accounts ni erap. naturally the other big accounts natakot na masiwalat din mga 'secrets' nila, leading to the point na pcib was offering 20% interest just to keep depositors from bolting.
kagaguhan ni arroyo, taumbayan ang kawawa

pa-off topic ha.

robbietan: so halata bang nde si GMA iboboto mong presidente?

elantra644 · April 1, 2004

>how about pag-ibig?when can i get all my contribution

izzecoh · April 1, 2004

reese: you're doing good ha!!!! thanks.........

but we don't have hospitalization......... for maternity and sickness benefits

we just give financial assistance based on their monthly contributions.......

parang kami muna ung nag pasahod s kanila in the time when they

could not able to work...............

SSS is like a commercialized insurance company in someway.............. ok lang if you don't believe in the system..............

listen to this.............. when i sss member died and has only one monthly

contribution........ we give the full amount of funeral benefit na P20,000.00

...... kahit na minimum lang ung earnings nya....... P94.00 a month to be

exact........magkano ung abono ng SSS??? do the math.......

one more fact: SSS can survive in 40 years without any incoming collections

from the members....... and can sustain the financials para sa benefits....

marami kasing assets ang SSS na puede magsupport...........

izzecoh · April 1, 2004

hi there... i have several questions, hope u can help...
im still n the process of weighing the pros n cons n having SSS. by the way, im self employed n have one employee. my monthly income ranges from 20-30Thou.

How much do I pay a month as contribution and how can a self employed claim sickness benefits?

What are the requirements?

Thanks bro...

3. For Employers

Single Proprietorships

An owner of a single proprietorship business should accomplish and submit SSS Forms R-1 (Employer's Data Record) and R-1A (Initial or Subsequent List of Employees).

Partnerships

Any of the partners of a partnership firm should accomplish SSS Forms R-1 (Employer's Data Record) and R-1A (Initial or Subsequent List of Employees) and submit these forms together with a photocopy of the Articles of Partnership. The original copy of the Articles of Partnership must be presented for authentication.

Corporations

A corporation must accomplish SSS Forms R-1 (Employer's Data Record) and R-1A (Initial or Subsequent List of Employees) signed by its President or any of the corporate officers and submit these forms together with the photocopy of the Articles of Incorporation. The original copy of the Articles of Incorporation must be presented for authentication.

Household Helper Employers

A household helper employer who has an existing SS number should use this personal SS number as his employer number in all transactions with regard to his household helper.

If the employer has no existing SS number, he should get his SS number by accomplishing SSS Form E-1 (Member's Data Record).

....mas maganda if you visit the nearest SSS Branch para ma clear ung need mo sa registrations no.....

izzecoh · April 1, 2004

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CIRCULAR NO. 13-P

CHANGES IN POLICIES ON CONTRIBUTIONS OF SELF-EMPLOYED AND

VOLUNTARY MEMBERS AND REVISED SCHEDULE OF PAYMENTS

The Social Security Commission (SSC) approved under its Resolution No. 667 dated December 10, 2003 the following changes in policies on contributions of self-employed and voluntary members and revised schedule of contribution payments; and under its Resolution No. 669 dated December 10, 2003 the revised guidelines on salary loans:

Monthly salary credit (MSC), its manner of changing and the schedule of remittance of contributions of self-employed and voluntary members (SE/VM), including overseas Filipino workers (OFWs):

Termination of granting discounts to payments made in advance.

Grant SE/VMs, including the OFWs, with option to pay their contributions either on monthly or quarterly basis.

Increase in the minimum MSC of OFWs from P3,000.00 to P5,000.00.

The frequency of changing the MSC will be as follows:

The SE/VMs, including OFWs, may change their MSCs by one or two salary brackets without requiring the submission of documents to prove their earnings.

Where the change will result in an MSC of lower than P5,000.00, or where the change will result in more than two salary brackets higher or lower than the present MSC, a Declaration of Earnings or an Income Tax Return (ITR) for the prior year, duly received by the Bureau of Internal Revenue (BIR), must be submitted to prove their new earnings.

Where the present MSC is more than P10,000.00 and the age of the member is 55 years or older, the allowed increase is only one salary bracket regardless of whether the supporting documents are submitted or not.

Revised schedule of payment

The deadline of payment of contribution and loan amortization:

For Employer - on the 10th day of the month following the applicable month.

For SE and VM, including OFW - on the 10th day of the month following the applicable month or quarter, as the case may be.

In case the last day of payment falls on a Saturday, Sunday or holiday, payment may be made without penalty on the next working day. This rule shall be made applicable to all types of payors, i.e. employer, employee, self-employed and voluntary member; and to all types of payments, i.e. contribution, loan amortization and miscellaneous payments.

Item A (2) is effective October 01, 2003. Hence, any payment for one, two or all of the months within the fourth quarter of year 2003 may be made on January 10, 2004, subject to the provision of Item B (2). The rest of the items are effective January 01, 2004. Thus, under Item B, the deadline of payment for applicable month December 2003 is on January 12, 2004.

For strict compliance.

izzecoh · April 1, 2004

hi there... i have several questions, hope u can help...
im still n the process of weighing the pros n cons n having SSS. by the way, im self employed n have one employee. my monthly income ranges from 20-30Thou.

How much do I pay a month as contribution and how can a self employed claim sickness benefits?

What are the requirements?

Thanks bro...

A member is qualified to avail himself of this benefit if:

1. he is unable to work due to sickness or injury and is thus confined either in the hospital or at home for at least four days;

2. he has paid at least three monthly contributions within the 12-month period immediately before the semester of sickness;

3. he has used up all current company sick leaves with pay for the current year;

4. he has notified his employer or the SSS, if he is a separated, voluntary or self-employed member.

How much sickness benefit is an employee entitled to receive?

The amount of an employee's sickness benefit is computed as the daily sickness allowance times the approved number of days.

Effective May 24, 1997, the daily sickness allowance is 90 per cent of the average daily salary credit (Section 14 of Republic Act 8282).

How is the sickness benefit computed?

1. Exclude the semester of sickness.

A semester refers to a period of two consecutive quarters ending in the quarter of sickness.

A quarter refers to a period of three consecutive months ending on the last day of March, June, September or December.

2. Count 12 months backwards starting from the month immediately before the semester of sickness.

3. Identify the six highest monthly salary credits within the 12-month period.

Monthly salary credit means the compensation base for contributions and benefits related to the total earnings for the month. The maximum covered earnings or compensation is P15,000 beginning January 2002.

izzecoh · April 1, 2004

. Add the six highest monthly salary credits to get the total monthly salary credit.

5. Divide the total monthly salary credit by 180 days to get the average daily salary credit.

6. Multiply the average daily salary credit by 90 per cent to get the daily sickness allowance.

7. Multiply the daily sickness allowance by the approved number of days to arrive at the amount of benefit due.

For example, let us say that an SSS member gets sick or injured in October 1998 for 20 days:

a. The semester of sickness would be from July 1998 to December 1998.

b. The 12-month period would be from July 1997 to June 1998 within which the six highest monthly salary credits will be chosen.

c. Let us assume that the six highest monthly salary credits are P11,000 each. Thus, the total monthly salary credit is P66,000 (P11,000 x 6).

d. The total monthly salary credit would be divided by 180 to get the average daily salary credit or P366.67 (P66,000 / 180).

e. The daily sickness allowance is 90 per cent of the average daily salary credit or P330 (P366.67 x 0.9).

Thus, the daily sickness allowance for 1998 is P330. This amount was derived by determining the daily salary credit as follows: P11,000 (maximum salary credit) x 6 / 180 = 366.67.

Ninety per cent of P366.67 is P330.

f. The total sickness allowance is P6,600 (P330 x 20 days).

How many days in a year can a member avail himself of the sickness benefit?

A member can be granted sickness benefit for a maximum of 120 days in one calendar year. Any unused portion of the allowable 120 days sickness benefit cannot be carried forward and added to the total number of allowable compensable days in the subsequent year.

The sickness benefit shall not be paid for more than 240 days on account of the same illness. If the sickness or injury still persists after 240 days, the claim will be considered a disability claim.

Who should an employee notify regarding his sickness or injury?

A member should notify his employer within five days of the sickness or injury.

The employer, in turn, has another five days to notify the SSS.

Notification is not necessary if an employed member's confinement is in a hospital or if he fell sick or was injured while working or was within the company premises. In this case, the employer has to notify the SSS within five days of the employee's sickness or injury.

This is the Rule on Notification.

What is the procedure for notification for unemployed, self-employed and voluntary members?

If a member is unemployed, self-employed, or voluntarily paying, he should notify the SSS directly within five days of confinement, unless such confinement is in a hospital in which case, notification is not necessary.

What are the effects of failure or delay in notification?

1. If the employee notifies his employer, or the SSS, in the case of an unemployed member, self-employed or voluntarily paying member, beyond the prescribed five-day period, the confinement shall be deemed to have started not earlier than the fifth day immediately preceding the date of notification.

2. If the employer notifies the SSS beyond five calendar days after receipt of the notification from the employee, the employer shall be reimbursed only for each day of confinement from the 10th calendar day immediately preceding the date of notification to the SSS.

3. If the employee has given the required notification to his employer, but the employer fails to notify the SSS within the prescribed period resulting in the reduction or denial by the SSS of the claim, the employer shall have no right to recover the daily sickness allowance he paid to his employee.

izzecoh · April 1, 2004