Features of SSS Retirement Benefit 2025 & the Application Process
SSS RETIREMENT BENEFIT 2025 – Here is a guide for the members of the Social Security System on how to file a claim and the requirements.
The Social Security System, more popularly called SSS, is a social insurance entity with a multi-million member populace. It has several offers to its members including loans and benefits, thus, most employers in the private sector really require membership to the state entity from their employees.
Aside from the SSS loans that widen the financial resources of the members, many members also feel relieved in their pursuit of having something to turn to when old age comes — the SSS Retirement Benefit.
The SSS Retirement Benefit is a cash benefit that is paid to a retired member of the social insurance giant either through a monthly pension or a lump sum to a member who can no longer work.
Like in other benefit offers, there are qualifications under the SSS Retirement Benefit offer. To be eligible to avail the benefit offer, the member-retiree should meet the following qualifications:
- a member with at least one hundred twenty (120) monthly contributions prior to semester of retirement; and
- has reached sixty (60) years old and is separated from employment or has ceased to be self-employed, except:
- In the case of an underground mineworker (R.A. No. 8558), at least 55 years old effective 13 March 1998; and
- In the case of an underground or a surface mineworker (R.A. No. 10757), at least fifty (50) years old effective 27 April 2016; or
- is at least sixty-five (65) years old, except:
- in the case of an underground mineworker effective 13 March 1998 [R.A. No. 8558] or a surface mineworker effective 27 April 2016 (R.A. No. 10757), at least sixty (60) years old, and
- in the case of a racehorse jockey (R.A. No. 10789), at least 55 years old effective 24 May 2016.
- has reached sixty (60) years old and is separated from employment or has ceased to be self-employed, except:
- a former retiree-pensioner whose monthly pension was suspended due to re-employment/self-employment and is now separated from employment or has ceased to be self-employed.
Under the benefit offer, if a member has posted at least one hundred twenty (120) monthly contributions prior to semester of the retirement, the member may be eligible to be granted a SSS Monthly Pension.
If the member-retiree has not reached the 120 total monthly contribution required under the benefit offer, he/she may be granted the SSS Lump Sum.
The SSS Retirement Benefit can be applied for online and over-the-counter. The latter is only available for certain cases. Furthermore, there are SSS Retirement Benefit Requirements 2025 for Over-the-Counter application.