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
World Day for Safety and Health at Work
“Safety and health at work every day!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos
Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
