Download as DOCX, PDF, TXT or read online from Scribd
Download as docx, pdf, or txt
You are on page 1of 1
Social Security Act of 1997 (RA 8282)
Salient Features of the SSS Law
Employer - Any person, natural or judicial, domestic or foreign who carries on in the Philippines any trade, business, industry undertaking or activity of any kind and uses the services of another person who is under his orders as regards employer. A self-employed person shall be both employee and employer at the same time. Exempt employer: government and any of its political subdivisions, branches and instrumentality, including GOCCs (Government Owned and Controlled Corporations. Beneficiaries: 1. Primary Beneficiaries a. Dependent Spouse until remarriage b. Dependent Legitimate or Legitimated or Legally Adopted and Illegitimate Children 2. Secondary Beneficiaries - Dependent Parents 3. Other Beneficiaries - Absent primary and secondary beneficiaries, any other person designated by member as secondary beneficiary. As to DEATH BENEFITS, If no beneficiary qualifies under the Act, benefits shall be paid to Legal Heirs in accordance with Law of Succession. SSS (Social Security System) Benefits 1. Monthly Pension - minimum pension is 1,200 for members with at least ten (10) credited years of service and 2,400 for those with twenty (20) credited years of service. 2. Dependents Pension - 10% of the monthly pension or 250 whichever is higher. Limit - 4 children 3. Retirement 4. Death 5. Permanent Disability 6. Funeral 7. Sickness 8. Maternity (ONLY 1ST FOUR (4) DELIVERIES OR MISCARRIAGES) Coverage 1. Compulsory 1. All employees not over sixty (60) years of age and their employers compulsory coverage of the employer shall take effect on the first day of his operation and that of the employee on the day of his employment 2. Self-employed employees as may be determined by the Commission under such rules and regulations as it may prescribe, including, but limited to: all a. Self-employed professionals;
b. partners and single-proprietors of
business; c. actors and actresses, directors, scriptwriters and news correspondents not employees; d. professional athletes, coaches, trainers and
their
jockeys, and e. individual farmers and fishermen; upon registration with the SSS.
3. Domestic helpers who are sixty
years of age and below with a monthly income of not less than P1,000 on the date of their employment 4. individual farmers and fishermen under SS (Social Security) rules and regulations 2. Voluntary - 1. Filipinos recruited by foreignbased employers for employment abroad 2. Employee separated from employment 3. Self-employed realizes no income 4. Spouse who devotes full time managing household and family affairs unless specifically mandatorily covered 3. By Arrangement - any foreign government, international organization or wholly owned instrumentality employing workers in the Philippines or employing Filipinos outside the Philippines may enter agreement with Philippines for inclusion of such employees in SSS EXCEPT those already covered by their respective civil service retirement system. Exceptions From Coverage 1. Employment purely casual and not for purpose occupation, or business employer 2. Service performed on or in connection with alien vessel, if employed when such vessel is outside of Philippines 3. Employees of Philippine government or instrumentality or agency thereof 4. Service performed in the employee of a foreign government, or international organizations, of wholly owned instrumentality employing workers in the Philippines or employing Filipinos outside of the Philippines 5. Services performed by temporary and other employees excluded by SSS regulation; employees of bonafide independent contractors shall not be deemed employees of the employer engaging the services of an independent contractor Effective Date of Coverage - Compulsory coverage of the employer shall take effect on the first day of his operation and that of the employee on the first day of his employment Provided, That the compulsory coverage of! the self-mployed person shall take effect upon his registration with the SSS.