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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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!
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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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