I compiled several frequently asked questions (FAQs) that I’ve read on social media about SSS. Hopefully, this helps you out and if you have other questions, feel free to comment down below.
How do I check my SSS contributions online?
You can check your SSS contributions online by visiting the SSS website and registering for an online account. Once registered, you can log in to your account and view your contributions, loan status, and other important information. You can even file for loans through the website.
Contribution Withdrawals / Pension-related questions
Can I withdraw my SSS contribution after a certain number of contribution years?
No, you cannot withdraw your SSS contribution after X years. The SSS contribution is intended to provide social security benefits to its members in the event of retirement, disability, and other contingencies.
The purpose of SSS contributions is for retirement. So hangga’t di ka umaabot ng at least age 60 (or 55 for underground mineworkers), di ka pwedeng magrequest ng retirement claim. Take note that age 60 is called “optional retirement” which means pag umabot ka sa ganyang edad (60) at di ka na employed at that time saka ka lang pwedeng magclaim.
If you are still working at the age of 60 and planning to remain employed until age 65 or more, sa age 65 ka pa lang pwede magclaim for retirement. Ang tawag dun is “technical retirement”. So whether or not you’re still working, you can already file a retirement claim.
Am I eligible for a monthly pension?
The main requirement (other than age) is that you should have at least paid 120 monthly contributions to be eligible for a monthly pension. Else, your option is a lump sum (kukunin mo lahat ng contributions mo).
What if inabot ka ng age 60 pero di ka pa nakakapaghulog ng 120 monthly contributions? Pwede mong ituloy hulugan hanggang mabuo mo yung 120 monthly contributions.
Types of retirement claim
- Monthly pension – you will get a certain amount each month.
- Lumpsum – kukunin mo lahat ng contributions na naihulog mo. Wala ka ng monthly pension after that.
What is the 18-month advance pension?
Heto ba yung lump sum na sinasabi if di nakabuo ng 120 monthly contributions? Nope, it’s not. This is an offer for those who are eligible for a monthly pension. Bale, pwede mong makuha yung first 18 months na monthly pension mo sa isang bagsakan. Then, after 1 year 6 months, saka ka naman mag monthly pension.
Questions about Loans
What are the eligibility requirements for an SSS loan?
- At least 36 monthly contributions
- The last 6 monthly contributions should be within the last 12 months prior to the month of filing the loan application
- Employer must be updated in the payment of contributions.
- Has not been granted the final benefit (i.e., total permanent disability, retirement, and death)
- Must be under 65 years of age at the time of application
- Has not been disqualified due to fraud committed against the SSS.
Can I loan in SSS without work or no income source?
Short answer: no. You need to present proof that you have the capability to pay. Same lang yan pag nagloan ka sa bank, kelangan mo ng pruweba na kaya mong bayaran ang uutangin mo.
How much is the first SSS salary loan?
The first SSS salary loan amount (provided you have at least 36 but less than 72 monthly contributions) is equivalent to one month’s worth of your AMSC (Average Monthly Salary Credit). If you don’t know what’s your AMSC, check the table below. Best way to determine it is to check your monthly contribution sa table, then, kung ano yung Monthly Salary Credit sa table, yun na yun (kung same lang ang hulog mo for the past 12 months).
How much is the succeeding loan amount?
It’s the equivalent of 2 months of your AMSC (provided that you have at least paid for 72 monthly contributions).
Technically, kahit 1st loan pa yan or 2nd loan or pangatlo, ang basehan is your total monthly contributions. So kung nakapaghulog ka ng at least 36 months pero less than 72 months, ang pwede mo i-request is 1-month AMSC. If may hulog kang at least 72 months, you can go for 2-month AMSC.