List of Who Are Qualified for the SSS Monthly Pension / Retirement Benefit
SSS MONTHLY PENSION – Here is a list on who are qualified for the Social Security System’s Retirement Benefit.
Undeniably, among the best SSS benefits that many of the social insurance institution’s members are looking forward to is the Retirement Benefit.
An SSS member who has reached 60 years of age may avail a pension or a lump sum amount depending on his or her contribution. Those who have reached 120 contributions may avail an SSS pension.
The members of the Social Security System who have not reached 120 monthly contributions may avail a lump sum amount which is a one-time payment.
With regards to the SSS Monthly Pension, there is a set of qualifications that a member should pass to avail it. Do you want to know who are qualified for it?
Based on the official website of the Social Security System, here is a list of those who are qualified for an SSS Monthly Pension:
1. A member who has reached 120 monthly contributions before his or her retirement:
- reached 60 years old and stopped from working or being self-employed
- still working as self-employed/OFW/household helper but is already 65 years old
- underground mineworkers who are aged 55 years old or 60 years old and whose exact retirement date is not earlier than March 13,1998
- underground or surface mineworkers who are aged 50 years old or 60 years old and whose exact retirement date is not earlier than April 27, 2016
- Racehorse Jockey who reached 55 years old and whose exact retirement date is not earlier than May 24, 2016
According to the Social Security System, a 60-year-old member who has already reached 120 monthly contributions may continue to pay as a voluntary member until he or she reaches 65 years old to avail a higher SSS monthly pension.
For the other benefits of the social insurance program aside from the Retirement Benefit, you may visit: SSS Benefits.
Dear News Feed,
You should have included the monthly pension that one can get (i.e. pensioner who had contributed at least 120 months and is 60 years old, or had contributed 120 months and still working but has reached 65, etc). In this way, anybody who is availing (or will likely to avail soon) knows how much he/she can get. Or maybe you can push for another news feed regarding how much one can get depending on his/her monthly contributions. Thanks.
Your article is very informative and detailed. Thank you
I am 17 years in Service as well as 17 years paying contribution. I’m planning to stop working at the age of forty-five. Can I avail myself of the said pension since I already contributed 204 months?
I will be hearing from you. Thank you very much.