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SSS PENSION – How Much You May Get As Monthly Retirement Benefit

Guide on the Estimate SSS Pension You May Receive from the Social Security System Monthly

SSS PENSION – Here is a guide on how to find out the possible amount you may get monthly as retirement benefit from the Social Security System.

More commonly called as SSS, the Social Security System is one of the biggest social insurance institutions in the country. Most employees working in the private sector are members of it.

If you are an SSS member, you will have to pay for a monthly contribution depending on your salary. Your employer may also pay a part of your monthly contribution.

In return, you may be eligible to several offers and services of the SSS. It got multiple benefits, cash assistance services through loans, and several other services.

SSS Pension

With regards to the SSS benefits, there is the unemployment benefit and the sickness benefit among many others. Undeniably, the one that most members look forward to is the SSS Retirement Benefit.

Under the SSS Retirement Benefit, a member may opt for an SSS Pension or a lump sum depending on his or her eligibility for it. The former is a monthly retirement benefit while the latter is a one-time cash benefit from the social insurance institution.

To be eligible for the pension, the member must have paid at least 120 monthly contributions. Those who fell below the said limit may get the lump sum benefit.

READ ALSO: SSS RETIREMENT BENEFIT – What Retiree May Receive Aside from Monthly Pension

You may check on the estimated amount you can get monthly as SSS Pension. The Social Security System has put up an online calculator. You may visit – https://www.sss.gov.ph.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

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