Guide on SSS Funeral Benefit Amount for the Beneficiaries
SSS FUNERAL BENEFIT AMOUNT – Here is a guide on how much the beneficiaries may receive from the Social Security System (SSS).
One of the social insurance institutions with several offers for its members is the Social Security System. More commonly called SSS, it is a state-run social insurance institution with private company employees as the majority of its members.
Some of the members of SSS are self-employed individuals while others are voluntary members. Its offers include loans, benefits, and other financial services that serve various purposes. To be qualified for these offers, an SSS member must pass the required contribution or savings to the social insurance institution.
With regards to the benefits offered by SSS, some of the benefits extend to the immediate family members of an SSS member. One of these is the SSS Funeral Benefit.
The SSS Funeral Benefit aims to assist the family or survivors of a deceased SSS member in the burial expenses. Some extra money may be used by the beneficiaries to keep on with life. It is most beneficial to the families of SSS members who are the breadwinners of their families.
The social insurance institutions has crafted the list of beneficiaries based on link to the SSS member. To check on who are the qualified beneficiaries that can claim the assistance, you may visit – SSS Funeral Benefit: Who Are the Qualified Beneficiaries To Receive It.
The SSS Funeral Benefit amount depends on the contributions of the deceased member of the social insurance institution. The average monthly salary credit of the deceased member is also a factor.
According to the Social Security System, the SSS Funeral Benefit amount may range from Php 20,000.00 to Php 40,000.00. The beneficiaries may receive either a lump sum or a monthly pension.
You may visit – SSS Funeral Benefits: Who gets the monthly pension & lump sum