Guide on the SSS Types of Membership & the Coverage of Each
SSS TYPES OF MEMBERSHIP – There are two (2) types of memberships to the Social Security System – the Compulsory and Voluntary.
In the Philippines, millions of Filipinos are members of the Social Security System (SSS). An SSS membership is required to employees of a lot of companies, businesses, and establishments in the country. There are two (2) SSS types of membership and you can check on them below.
There are two (2) SSS types of membership – the compulsory and the voluntary. Members of the state-run social insurance institution has an entity to turn to in times of sickness, disability, maternity, old age, unemployment, and even death. The benefits do not only cover the member himself/herself but it also extends to the family or beneficiaries of the member.
Compulsory Membership:
- Employees
- Employers
- Self-employed individuals
- Househelpers or kasambahays
- overseas Filipino workers (OFWs)
Voluntary Membership:
- non-working spouse
- separated members
To qualify for the benefits and loans offered by the Social Security System, an SSS member must keep an active and updated account. To do this, the member must post contributions every month to maintain an active and updated account.
The benefit that most members look forward to is the Retirement Benefit which is considered as the final benefit of the state-run social insurance institution. It is an assurance that a member has an entity to turn to every month beginning his or her senior years. To check on all the benefits offered by the social insurance institution, you may visit – SSS MEMBER BENEFITS: List of Benefits of Being an SSS Member.
With regards to the loans offered by the SSS, there are several loan types that the state-run social insurance agency offers to its qualified members. To check on these loan offers, you may visit – SSS LOANS: 3 SSS Loan Offers For Members & How To Apply For Them.