Checking your SSS contributions and Monthly Salary Credits (MSC) regularly is one of the most important things you can do as an SSS member. Your contribution record affects your eligibility for SSS benefits, including your retirement pension. If you are planning for retirement, you should not simply assume that every contribution deducted from your salary…
If you are an SSS member, you may come across two different identification numbers: your SS Number and your Common Reference Number (CRN). They are not the same. Your SS Number, sometimes called an SSS Number, is the 10-digit membership number assigned to you by the Social Security System. A CRN is a separate 12-digit…
If you previously saw WISP on your SSS contribution record, you may now see a different name: Mandatory MySSS Pension Booster. The Social Security System has rebranded the former Workers’ Investment and Savings Program (WISP) as the Mandatory MySSS Pension Booster. It is a provident-fund component designed to build additional savings for qualified SSS members…
Voluntary members can qualify for an SSS monthly retirement pension just like employed and self-employed members. The key requirements are your age, contribution history, retirement status, and the number of valid contributions posted to your SSS record. For most voluntary members, the most important requirement is: At least 120 monthly contributions paid before the semester…
The SSS Disability Benefit is a cash benefit for an SSS member who becomes permanently disabled, either partially or totally. You do not need 120 contributions to qualify for an SSS disability benefit. That 120-month requirement applies to the regular retirement pension. For disability benefits, the important contribution rules are different: The Social Security System…
SSTo qualify for a monthly SSS retirement pension, a member generally needs at least 120 monthly contributions paid before the semester of retirement. That is the basic rule. However, “120 contributions” is often misunderstood. It does not necessarily mean 10 uninterrupted years with the same employer, and reaching age 60 with only 110 or 119…
The Social Security System (SSS) is a state-operated insurance institution run by the Philippine Government. It is built to provide financial protection to private-sector workers, self-employed individuals, voluntary members, Overseas Filipino workers (OFWs) and other SSS members. Each SSS Member has a unique Social Security Number (also known as an SSS Number). This SSS Number…
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