MANILA – The Social Security System (SSS) on Monday announced the suspension of new rules that would allow members 65 years old and above to enjoy retirement pension if they complete 120 months of contributions.
In a statement, SSS vice president Agnes San Jose said the suspension is meant to protect the fund and ensure appropriate payment of benefits.
“However, we are not insensitive to the issues being raised, and the Commission together with management agreed to revisit the guidelines, which the system issued last April,” San Jose said.
Under the April guidelines, a member aged 65 years and above who has yet to complete 120 months of contributions should file an application for voluntary payment of such no later than July 1.
Only then can they enjoy in full the retirement pension. Failure to file the application would mean the member can only get a lump sum amount equivalent to what they had already contributed to SSS plus whatever interest the money had earned.
With the suspension of the April guidelines, SSS said it will re-evaluate its procedures to ensure diligence and prudence in benefit payments. –Rain Castro, InterAksyon.com
20 February –
WORLD DAY OF SOCIAL JUSTICE
“Every day, give everyone their due.
Every day should be Social Justice Day!
The only way”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
February Observances
1-7 Feb: World Interfaith Harmony Week
01 Feb: World Wetlands Day
02 Feb: International Day of Human Fraternity
04 Feb: International Day of Zero Tolerance
for Female Genital Mutilation
11 Feb: International Day of Women and Girls
in Science
20 Feb: World Day of Social Justice
Monthly Observances:
National Health Insurance Month
Weekly Observances:
Week 1: National Awareness Week
for the Prevention of Child Sexual Abuse
and Exploitation
Week 3: Public Administration Week
Daily Observances:
Feb 1 Constitution Day
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