Guide on How To File for SSS Retirement Benefit Claim Application for Members
HOW TO FILE FOR SSS RETIREMENT BENEFIT CLAIM – Here are the steps in applying for the Social Security System Retirement Benefit offer.
If you want to secure your future, one of the best things that you can do is to maintain an updated membership to the Social Security System. More popularly called SSS, it is a state-run social insurance giant in the country that has several benefits and loan offers for its members.
While there are a lot of SSS loans and benefit offers for the members, the one which is the goal why members try to maintain an updated account by regularly posting SSS contribution is the SSS Retirement Benefit.
The SSS Retirement Benefit is an excellent preparation for the phase when you would finally stop from working and just enjoy your time with family and friends. Under it, a member may receive a monthly pension if he/she has posted at least 120 monthly contributions prior his/her retirement.
Otherwise, the member may get the lump sum which is a one-time cash payment. Meanwhile, apart from the pension and lump sum, there are other benefits for the retiring members of the SSS such as the following:
- 13th-month pension every December
- automatic membership to PhilHealth if the retiring member is not yet a member after 65 years
- PhilHealth hospitalization benefits for the member and their dependents for retiring members who have posted at least 120 monthly contributions
- Dependents allowance equal to 10% of the pension or ₱250, whichever is higher. The allowance is limited to five children only, regardless of actual blood relation or legitimacy. They will keep receiving an allowance until their 21st birthday.
There are a few steps on how to apply for the SSS Retirement Benefit. Here’s what you may follow to ensure a smooth flow:
Step 1 — Ensure your qualification to the benefit offer.
Make sure that you have maintained an account qualified to the benefit offer whether or not you have posted 120 monthly contributions.
Step 2 — Prepare the Requirements to SSS.
You must prepare and submit the documentary requirements in filing for SSS Retirement Benefit claim. It is case-to-case basis thus it is important to check the list ahead for your case.
Step 3 — Submit the Requirements to SSS.
Go to a branch of the Social Security System and submit your documents. You may actually proceed with an online filing of your claim actually provided that you qualify to the requirements for online filing of the SSS Retirement Claim.