Handbook on Workers' Statutory Monetary Benefits (2024)

Social Security Benefits: Social Security Benefits

Social security benefits are composed of package of benefits under the Social Security Program in the event of death, disability, sickness, maternity, old age and unemployment. Work-related death, disability and sickness also receive benefits under the Employees' Compensation (EC) Programs. Basically, social security provides replacement for income lost on account of the aforementioned contingencies.

Social Security Benefits: Coverage

The Social Security System covers all employees including kasambahays or domestic workers not over 60 years of age and their employer.

Social Security Benefits: Benefits

If you are regularly paying your contributions, you will be entitled to these social security benefits: 1. Sickness – a daily cash allowance paid for the number of days a member is unable to work due to sickness or injury. 2. Maternity – a daily cash allowance granted to a female who is unable to work due to childbirth or miscarriage/emergency termination of pregnancy (ETP). 3. Retirement – a cash benefit granted—either as a monthly pension or a lump sum amount—to a member who can no longer work due to old age. 4. Disability – a cash benefit granted—either as a monthly pension or a lump sum amount—to a member who becomes permanently disabled, either partially or totally. 5. Death – a cash benefit granted—either as a monthly pension or a lump sum amount—to the beneficiaries of a deceased member or pensioner. 6. Funeral – a cash benefit given to whomever paid for the burial expenses of the deceased member or pensioner. 7. Unemployment – a cash benefit granted to eligible employees – including househelpers and OFWs – who were involuntarily unemployed or separated from employment. Republic Act No. 11199, §9 (2019). See also DOLE Department Circular No. 1, Series of 2019 or the Guidelines on the Issuance of DOLE Certification as a Requirement for Application for Payment of Unemployment Insurance or Involuntary Separation Benefit. Issued on 29 July 2019.

Social Security Benefits: Contribution

Pursuant to SSS Circular No. 2022-033 dated 12 December 2022, the minimum monthly salary credit (MSC) was increased to ₱4,000.00 and the maximum MSC to ₱30,000.00 effective January 2023. Refer to the attached circular for the new schedule of contributions of the employer and employee for the Social Security, the Employee’s Compensation and the Worker’s Investment Savings Program. For questions regarding SS benefits, please contact the: SOCIAL SECURITY SYSTEM Address: SSS Building, East Avenue, Diliman, Quezon City SSS Hotline: 1455 Website: www.sss.gov.ph Facebook: www.facebook.com/SSSPh E-mail address: member_relations@sss.gov.ph