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    Sss Coverage

    Uploaded by

    Kirt Catindig
    The document discusses coverage in the Social Security System (SSS). Key points include: (1) Coverage is compulsory for all employees under 60 years old and their employers. This includes domestic helpers earning at least P1,000 monthly. (2) Existing private benefit plans cannot be discontinued or reduced due to compulsory SSS coverage. Private plans may be integrated with SSS. (3) Spouses managing households and families can voluntarily enroll in SSS, unless they have other employment. Filipinos employed abroad can also voluntarily enroll. (3) Coverage is also compulsory for certain self-employed individuals and professionals. Unless otherwise specified, self-employed individuals have

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    Sss Coverage

    Uploaded by

    Kirt Catindig
    30 views2 pages
    The document discusses coverage in the Social Security System (SSS). Key points include: (1) Coverage is compulsory for all employees under 60 years old and their employers. This includes domestic helpers earning at least P1,000 monthly. (2) Existing private benefit plans cannot be discontinued or reduced due to compulsory SSS coverage. Private plans may be integrated with SSS. (3) Spouses managing households and families can voluntarily enroll in SSS, unless they have other employment. Filipinos employed abroad can also voluntarily enroll. (3) Coverage is also compulsory for certain self-employed individuals and professionals. Unless otherwise specified, self-employed individuals have

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    The document discusses coverage in the Social Security System (SSS). Key points include: (1) Coverage is compulsory for all employees under 60 years old and their employers. This includes domestic helpers earning at least P1,000 monthly. (2) Existing private benefit plans cannot be discontinued or reduced due to compulsory SSS coverage. Private plans may be integrated with SSS. (3) Spouses managing households and families can voluntarily enroll in SSS, unless they have other employment. Filipinos employed abroad can also voluntarily enroll. (3) Coverage is also compulsory for certain self-employed individuals and professionals. Unless otherwise specified, self-employed individuals have

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
    Download as rtf, pdf, or txt
    30 views2 pages

    Sss Coverage

    Uploaded by

    Kirt Catindig
    The document discusses coverage in the Social Security System (SSS). Key points include: (1) Coverage is compulsory for all employees under 60 years old and their employers. This includes domestic helpers earning at least P1,000 monthly. (2) Existing private benefit plans cannot be discontinued or reduced due to compulsory SSS coverage. Private plans may be integrated with SSS. (3) Spouses managing households and families can voluntarily enroll in SSS, unless they have other employment. Filipinos employed abroad can also voluntarily enroll. (3) Coverage is also compulsory for certain self-employed individuals and professionals. Unless otherwise specified, self-employed individuals have

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    © All Rights Reserved
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    COVERAGE

    (a) Coverage in the SSS shall be compulsory upon all employees not over sixty (60) years of age and
    their employers:

    For Domestic helpers

    · Their monthly income shall not be less than One thousand pesos (P1,000.00) a month:

    · That any benefit already earned by the employees under private benefit plans existing at the
    time of the approval of this Act shall not be discontinued, reduced or otherwise impaired

    · That private plans which are existing and in force at the time of compulsory coverage shall be
    integrated with the plan of the SSS in such a way where the employer’s contribution to his
    private plan is more than that required of him in this Act, he shall pay to the SSS only the
    contribution required of him and he shall continue his contribution to such private plan less his
    contribution to the SSS so that the employer’s total contribution to his benefit plan and to the
    SSS shall be the same as his contribution to his private benefit plan before the compulsory
    coverage

    · Any changes, adjustments, modifications, eliminations or improvements in the benefits to be


    available under the remaining private plan, which may be necessary to adopt by reason of the
    reduced contributions thereto as a result of the integration, shall be subject to agreements
    between the employers and employees concerned

    · That the private benefit plan which the employer shall continue for his employees shall remain
    under the employer’s management and control unless there is an existing agreement to the
    contrary.

    · That nothing in this Act shall be construed as a limitation on the right of employers and
    employees to agree on and adopt benefits which are over and above those provided under this
    Act.

    (b) Spouses who devote full time to managing the household and family affairs, unless they are also
    engaged in other vocation or employment which is subject to mandatory coverage, may be covered by
    the SSS on a voluntary basis.

    (c) Filipinos recruited by foreign-based employers for employment

    abroad may be covered by the SSS on a voluntary basis.

    Compulsory coverage of the Self-employed.- Coverage in the SSS shall be compulsory upon such self-
    employed persons as may be determined by the Commission under such rules and regulations as it may
    prescribe, including but not limited to the following:
    1. All self-employed professionals;

    2. Partners and single proprietors of businesses;

    3. Actors and actresses, directors, scriptwriters and news correspondents who do not fall within the
    definition of the term “employee”

    4. Professional athletes, coaches, trainers and jockeys; and

    5. Individual farmers and fishermen.

    “Unless otherwise specified herein, all provisions of this Act applicable to covered employees shall also
    be applicable to the covered self-employed persons.

    Effective Date of Coverage (Under SEC. 10)

    · Compulsory coverage of the employer shall take effect on the first day of his operation

    · the employee on the day of his employment

    Provided, That the compulsory coverage of the self-employed person shall take effect upon his
    registration with the SSS.

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