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
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
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
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
