Category Archives: SSS

SSS Loan condonation: Easiest Way is through Online Application

SSS Loan condonation 2012 was launched last April 2. I was one of the SSS members who wanted to apply for loan condonation. It was almost five years ago when I stopped paying my SSS loan because I turned to be a self-employed individual working from home.

Although I have been very busy and stopped paying the remaining SSS loan, I did not stop paying for my SSS contributions. From employed, I voluntarily pay my SSS contribution as self-employed or voluntary. With the SSS loan condonation program this year, I was able to successfully apply for a loan condonation.

I know most of you are wondering what is the easiest way to apply SSS loan condonation. It is very simple. Before, I thought that I have to go to the SSS branch and wait for the long line. Now you can easily apply SSS loan condonation  online.

How to apply SSS loan condonation online? Application for SSS loan condonation online is so easy to do with these simple steps. Continue reading

What should you do if you are SSS Self-employed/voluntary members?

When I got married and separated from my employment, I started paying my SSS contribution as voluntary member. The coverage of being a voluntary member takes effect when I resumed payment of contribution. Let me share more details about the coverage of SSS Self-employed/voluntary members. Continue reading

SSS payment deadlines for contributions and member loans

Awareness is important. Most of my articles and posts here aims to help individual awareness. One of the main duties and responsibilities of an SSS member is to pay their monthly share of contributions and ensure that these contributions are remitted to the SSS by their employers.  For self-employed or voluntary members,  you should pay  monthly contributions using SSS Form RS-5 (Contributions Payment Return Form) monthly in accordance with the prescribed schedule.

SSS payment deadlines for contributions and member loans

new sss payment deadlines
New SSS payment deadlines for contributions and member loans

When I stopped my regular office work, I started to update my SSS contribution from employed to voluntary. SSS can be consider as a good investment. As a voluntary member, I prefer to pay quarterly for my SSS contributions. We should know the payment deadlines so our contributions will be updated. To avoid the rush and missing payment contributions, it is best to pay in advance. When you pay directly at SSS bayad center, automatically your payment will be posted within the day.

SSS Online enrollment benefits

Make the most of your SSS membership through the my.sss registrationMy.SSS is an online service portal that allows SSS members exclusive access to their contributions and membership records, make online transactions, set appointments with their SSS servicing branch, and request copies of their records, as needed.  There is also a Members Forum wherein members may discuss SSS-related issues.

my.sss online registration benefits

my.sss online registration benefits

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SSS can be consider as a good investment

Social Security System (SSS) in the Philippines is required to every Filipino employees, employers and are recommended to self-employed or voluntary.  It is consider as good investment because there are good social security benefits covered depending on the type of membership and premiums.  The social security benefits that members can avail depending on qualifying conditions are sickness, maternity, retirement, disability, death and funeral.

If you are employed then it is the responsibility of the employer to manage and submit your contributions to SSS but if you are self-employed or voluntary then it is your duty and responsibility to pay  your contributions to SSS.

SSS schedule of contribution
SSS schedule of contribution and monthly salary credit

For self-employed or voluntary SSS members, you can choose your monthly contribution based on the range of compensation. The bigger monthly contributions you pay means the bigger premium benefits you can avail.

SSS payment deadlines  for contributions and member loans.

SSS amnesty/ condonation program launch on loan penalties 2012

Good News!  The New Social Security System (SSS) member loan penalty condonation program for individual members will be launched starting on April 2. SSS Members such as employees, self-employed workers and voluntary members with overdue loans can settle their unpaid principal and interest without paying the full amount of penalties under a new amnesty program. I am so glad with this amnesty program and I believe that it will help a lot of delinquent members.

SSS amnesty condonation program 2012
SSS amnesty condonation program 2012, credit SSS

According to SSS President and Chief Executive Officer Emilio de Quiros, Jr.Continue reading