Category: SSS

How to enroll or invest in SSS WISP Plus

Do you want to invest in SSS WISP Plus but don’t know how to do so? The steps are actually easy and can be done through the SSS online portal.

Brief Background about the SSS WISP Plus program

WISP Plus is a voluntary savings program offered by the Social Security System. This is equivalent to Pag-IBIG’s MP2 program wherein you’ll earn higher dividends compared to the provident WISP program. The maturity period is also similar to that of MP2 since you can withdraw your savings after 5 years. You can read more about the WISP Plus program in this article.

Steps on how to enroll in WISP Plus

Step 1

Log in to your SSS online portal account. If you don’t have one yet, If you don’t have an SSS online account yet, you can follow our step-by-step guide to create your account.

Step 2

Go to the Services menu and select Enroll to WISP Plus. You will then be shown the WISP Plus Enrollment screen.

WISP Plus enrollment

Step 3

Select the VIEW TERMS AND CONDITIONS link. You will get a pop-up screen providing you with the terms and conditions for the WISP Plus program.

Select the I Accept button.

Step 4

You’ll get a new prompt informing you that you have successfully enrolled in the WISP Plus program. Just click on the Close button.

Step 5

And that’s it! You are now enrolled in the SSS WISP Plus program. The Enrollment page should reflect the enrollment date.

enroll in WISP Plus

And if you head over to the Inquiry > Contributions page, this is what you’ll see:

Take note that the WISP Plus Enrollment and WISP Plus Membership are blank currently. Once you’ve made your first contribution, it will be populated accordingly. The WISP Plus Enrollment is the date when you created your WISP Plus account while the WISP Plus Membership will reflect the date when you first made your contribution.

Here’s a sample:

Blogger’s Note

I enrolled in the WISP Plus program back on February 25 but only made the initial contribution on September 8 since my initial plan was to focus only on MP2 when it comes to the investment/savings programs offered by the government. However, after evaluating my finances, I found a way to squeeze in WISP Plus in my portfolio.

SSS Portal Registration Made Easy: A Step-by-Step Guide

The SSS Portal offers a range of services that allow members to access their Social Security System (SSS) records and perform various transactions online. Here are some of the things you can do using the SSS Portal:

  1. View your SSS contributions and loan status
  2. Apply for an SSS salary loan or calamity loan
  3. Check your eligibility for benefits, such as retirement, disability, and maternity benefits
  4. File for SSS benefit claims online
  5. Update your personal information, such as your address and contact details
  6. View and download your SSS records, such as your contribution and loan history
  7. Request for a digital copy of your SSS ID card
  8. Check the status of your SSS claims and loans
  9. Access SSS forms and other useful resources
  10. Enroll in the WISP Plus program

With the SSS Portal, you can conveniently access your SSS records and perform transactions online without having to visit an SSS branch. This saves you time and effort, especially during these times when physical distancing and safety measures are necessary.

Steps on how to register for SSS Portal

Step 1: Prepare your SSS Number and Email Address

To register for the SSS Portal, you’ll need your SSS number and a valid email address. If you don’t have an SSS number yet, you’ll need to apply for one at your nearest SSS branch.

Step 2: Go to the SSS Website

Open your preferred web browser and go to the official website of the Social Security System (www.sss.gov.ph). Look for the “Portals” section on the right side of the page and click the “Member” button.

SSS Portal

Alternatively, you can directly access the SSS member registration page by going directly to the member login page.

Step 3: Click the “Register” Button

On the SSS member registration page, click the “Register” button.

SSS Member login

Step 4: Agree to the Reminders

Click the box “I certify that I have read and understood the foregoing reminders on SSS Web registration.” in order to proceed.

SSS Reminders

Step 5: Fill out the online registration form

You’ll be redirected to the SSS Online Member User ID Registration page. You’ll be asked to provide your personal information, such as your name, date of birth, and SSS number. You’ll also need to create a username and password for your SSS Portal account.

SSS Online Registration form

Step 6: Set up your Password

After submitting your information, you’ll receive an email from the SSS containing a link to set up your password. Click the link provided in the email to set up your password.

Note: you will be asked to input the last 6 digits of your CRN/SS number.

Step 7: Log in to your SSS Portal Account

Go back to the SSS Portal login page and enter your username and password to access your account. Congratulations, you’re now registered for the SSS Portal!

Save More with SSS WISP Plus Program

The Social Security System (SSS) offers various programs and benefits to its members, including the SSS WISP Plus Program. This program is designed to provide a source of additional income and savings for SSS members.

What is the SSS WISP Plus Program?

The SSS WISP Plus Program is a voluntary savings program that offers higher returns compared to the regular SSS program. It is open to all SSS registrants and SSS members with no final benefit claim, regardless of the amount of declared monthly earnings and last posted monthly salary.

If you’re familiar with Pag-IBIG MP2, this is somewhat the SSS equivalent of it.

How to Enroll?

SSS registrants can enroll in the WISP Plus Program through the online application for an SS Number via the SSS website. Once issued with an SS Number, they are automatically enrolled in the WISP Plus Program.

Eligible SSS members can enroll in the WISP Plus Program through the My.SSS portal by accepting the Terms and Conditions of the program.

For detailed steps on how to enroll, you may refer to our other article: How to enroll or invest in SSS WISP Plus

Contributions

The minimum contribution for the SSS WISP Plus Program is ₱500 per payment. The contribution payment of the WISP Plus enrollee/member is subject to the guidelines for each SSS payment channel in terms of maximum amount per payment, manner of payment (e.g., manager’s check), daily limits, and others, in compliance with applicable laws and regulations.

The WISP Plus enrollee/member can pay contributions anytime, subject to the following rules at the time of generation of the Payment Reference Number (PRN) through the My.SSS portal under the SSS Real-Time Processing of Contribution (RTPC):

  • For employed members, they must have at least one (1) posted regular SSS contribution applicable in the last three (3) months.
  • For self-employed (SE), voluntary member (VM), or land-based overseas Filipino worker (OFW) members, they must have a posted regular SSS contribution for the current applicable month of payment. Otherwise, they must pay or include payment for both the regular SSS contribution and the WISP Plus contribution for the current applicable month.

Withdrawal

The SSS WISP Plus member can withdraw their total accumulated account value anytime under the following conditions:

  • They have been a WISP Plus member for at least one (1) year.
  • Partial withdrawal is allowed, provided that:
    • The amount is based on the total accumulated account value posted prior to the month of partial withdrawal.
    • Partial withdrawal is only allowed once a month.
    • The remaining balance in the accumulated account value after partial withdrawal is not lower than ₱500.
  • Partial or full withdrawal within the first year of WISP Plus membership is only allowed for extreme hardship conditions such as critical illness, involuntary separation from employment, repatriation of OFW members from the host country, and other analogous conditions as may be determined by the SSS.

The WISP Plus member shall receive adjusted earnings based on the following proportions:

  • 1 to <2 years of membership will receive 60% percent of earnings.
  • 2 to <3 years of membership will receive 70% percent of earnings.
  • 3 to <4 years of membership will receive 80% percent of earnings.
  • 4 to <5 years of membership will receive 90% percent of earnings.
  • 5 or more years of membership will receive 100% percent of earnings.

Can I join again if I withdraw my earnings?

Yes, you can! After the full withdrawal of the total accumulated account value, the SSS member must re-enroll to become a WISP Plus member again. They will be subject anew to the guidelines of the WISP Plus Program.

Benefits of the SSS WISP Plus program

The basis for WISP Plus benefits is the total accumulated account value of the WISP Plus member at the time of the approval of the final benefit claim. WISP Plus benefits shall be automatically processed when the WISP Plus member, or his/her beneficiary, files for the final benefit claim. The benefits shall be paid in a lump-sum amount at the same time as the initial final benefit claim.

Conclusion

The SSS WISP Plus Program is a great opportunity for SSS members to secure additional income and savings for their future. The program offers higher returns compared to the regular SSS program, and the withdrawal and benefits processes are straightforward and convenient. With the flexibility of contributions, any SSS member can enroll in the program and start saving for their future today.