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.
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.
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.
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