Has Your LTO License Plate Finally Been Released? Check Out this Guide to Confirm
- By Moneymax
- May 11, 2022
One of the most common problems of vehicle owners in the Philippines is acquiring their plate number from the Land Transportation Office (LTO). An LTO plate number serves as proof of legitimacy and as a vehicle’s identifier in terms of registration, road violations, and compliance with government laws. Although many owners of newly registered cars are able to secure their plates within a month after registration, a vast majority of motorists are still waiting for their LTO plate number release. With more cars hitting the road every year, LTO seems to be having a hard time catching up, causing further delays in the issuance of license plates. This has of course incensed many vehicle owners who otherwise patiently wait for their plates for months, if not years. Given LTO’s ‘no registration, no travel’ policy, it’s understandable why vehicle owners are demanding faster results. Under the aforementioned policy, vehicles without license plates can be flagged down anytime and will be asked to present a Certificate of Registration (CR) and Official Receipt (OR). Hefty fines will also be imposed on transgressors. Curious to know when new plate numbers will be released in the Philippines this 2022? Get all the updates you need below. Why Do You Need an LTO Plate Number? If you’re wondering why there’s so much clamor to speed up the LTO new plate number release, it’s essentially for safety and security reasons—that is, besides the fundamental purpose mentioned above about license plates being necessary to move vehicles around. Moreover, together with your car or motorcycle’s Official Receipt and Certificate…
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18 Valid IDs in the Philippines You Need to Have
- By Moneymax
- May 10, 2022
Having a valid ID in the Philippines is important to make transactions with both private and government offices. Most institutions require a primary and a secondary valid ID to start processing transactions like applying for a personal loan, opening a bank account, and claiming discounts, just to name a few. And yes, a valid government-issued ID is also a requirement to apply for another valid ID, as in the case of a passport application. In short, it’s important to have a valid ID in the Philippines. And even though the national ID registration[1] is well underway, you might still not have secured yours. If you have no valid ID yet or don’t have enough valid IDs, you need to apply for a different identification card that will also be accepted as a valid ID. With public agencies now allowing the processing of valid government IDs in the Philippines again, it’s easier and quicker to get one. What are considered valid IDs in the Philippines? Check out this complete list. List of Valid IDs in the Philippines A valid ID in the Philippines is more than just a proof of your identity. It’s also a requirement for transactions that will allow you to access different benefits, privileges, and opportunities. 1. Philippine Passport Passports are not just required to travel outside the Philippines. A Philippine passport is also a powerful valid government-issued ID in the Philippines that you can use in private and government-related transactions. Apply for a passport through the Department of Foreign Affairs (DFA) website. To avoid delay and inconvenience,…
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PRC Online Registration: Guide for Professionals in the Philippines
- By Moneymax
- May 5, 2022
Pursuing a professional career in the Philippines shouldn’t be difficult, especially for licensed individuals. Applying for a licensure examination, renewing a professional license, and even verification of examinations are now made easy with PRC online registration. Like other government agencies in the Philippines, the Professional Regulation Commission (PRC) has made several services available online through the Licensure Examination and Registration Information System (LERIS). This way, professionals can transact more quickly and conveniently with the PRC at any time. Through the PRC LERIS online application, you can do your initial PRC online registration for issuing of a license or PRC ID, submit your PRC board exam application, or even get your PRC online renewal appointment rescheduled. Here’s a quick guide to help you transact through the PRC online website minus the hassle. 📌How to Register for PRC Online Account The first of your PRC online application steps is registering for an account. To find out how to apply for PRC online, read the procedures below. PRC Requirements for Online Registration Active email address Mobile number Valid ID Personal information, including education, date of graduation and employment details Recent 2×2 ID photo (in JPG format and plain white background, with the applicant wearing decent attire with a collar) PRC Online Registration Steps Visit the PRC LERIS website and sign up for a new account at online.prc.gov.ph[1]. From the sign-up page, click Register. 3. Read the terms of service on the right side of the page. From there, you’ll see information on privacy password protection, obligations when registering, forfeiture of fees, and consequences…
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Hassle-Free Commute? Here are P2P Schedules for Provinces Near NCR
- By Adji Hendrawan
- April 27, 2022
Commuting from the province to Metro Manila and back is frustrating, to say the least. It takes around two to three hours at best to get to the main business districts in the metro like Ortigas, Makati, and BGC. Come to think of it, it’s even faster to fly to Davao or even to Hong Kong than travel every day from the province to Metro Manila. But you can heave a sigh of relief now as you have an alternative. Commuting warriors from Bulacan, Cavite, Pampanga, Laguna, Rizal and other provinces—listen up! There are P2P bus services that will take you from your province to Metro Manila and back. Let this guide to P2P schedules for provinces help you with your commute. P2P Provincial Bus Schedule and Fare Guide Here are the major P2P bus schedules for provinces that go to Metro Manila and back on weekdays and weekends. 1. Alabang – Bacoor Pick-up and drop-off points: Starmall Alabang and Vista Mall Daang Hari P2P schedule: Monday to Friday: Starmall Alabang – Vista Mall NOMO Bacoor – 8 a .m. to 7 p.m. Departure times: 8 a.m. to 12 p.m. 3 p.m. to 7 p.m. Saturday Starmall Alabang – Vista Mall NOMO Bacoor – 9 a.m. to 6 p.m. Departure times: 9 a.m. to 11 a.m. / 4 p.m. to 6 p.m. Monday – Friday Vista Mall Daang Hari Bacoor to Starmall Alabang – 6 a.m. to 7:30 p.m. Departure times: 6 a.m. to 9 a.m. – every 30 minutes 9 a.m. to 4 p.m. – every hour 4 p.m….
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BIR Online Payment Guide: Easy Ways to Pay Taxes in the Philippines
- By Adji Hendrawan
- April 8, 2022
If you’ve been paying your taxes manually, you know how inconvenient it could be—not to mention that it’s risky because of the serious threat of COVID-19. This makes the BIR online tax payment a much better alternative to manual payment. Rather than line up at the bank or a BIR Revenue District Office (RDO), you can just stay at home and pay your taxes using your bank account, credit or debit card, or mobile wallet. Since it’s tax filing season, the BIR has recently announced that there will be no more deadline extension for tax filing,[1] so make sure you’re up to date with your filing and payments. Take advantage of BIR’s online payment methods to enjoy a quick and hassle-free transaction. Know how with this BIR online payment guide. Why Should You Pay Your Taxes Online? Online tax payment offers several advantages over manual payment. Here are the best reasons to pay your taxes online. Safety Paying online helps you avoid crowds and long lines, reducing your risk of exposure to COVID-19. Plus, you don’t have to worry about bringing a large amount of cash when you go out. You can just pay your taxes in the safety of your home. Convenience Using online channels to pay your taxes is quick and easy, and you don’t have to schedule a trip to the bank or payment center anymore. Also, it’s worth noting that BIR is set to offer 24/7 online tax services in 2022-2023.[2] This simply means that you can settle your dues anytime, anywhere. Meeting the Tax Payment…
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What are the Benefits of a Solo Parent ID and How Can I Get One?
- By Moneymax
- April 6, 2022
Raising your children without the help of your spouse or a partner is challenging. Probably the most difficult part of single parenting is overcoming the financial challenges and working with budget constraints, especially during this pandemic that triggered job losses and increased prices of commodities. As such, financial aid from the government and private institutions can help, and having a Solo Parent ID can also come in handy. With an estimated 14 million Filipino solo parents in the country,[1] and the improved coverage of the Solo Parents’ Welfare Act of 2000 (RA 8972),[2] the benefits of having a Solo Parent ID can ease the struggles of moms or dads who are rearing their children alone. What is a Solo Parent ID, and what privileges can you get from it? Find out what benefits you and your kids can enjoy with it and how you can apply for it in this article. What is a Solo Parent ID? A Solo Parent ID is a government-issued ID for solo or single parents in the Philippines. Solo parents who carry this ID can enjoy certain government discounts and benefits. They’re aimed to provide different kinds of support and to ease financial difficulties faced by a parent who’s working alone for the children. These privileges, along with the Solo Parent ID, are valid for one year. The Solo Parent ID can be renewed every year. Solo Parent ID Benefits in the Philippines Not a lot of Filipino solo parents know the benefits one can enjoy from having this type of ID. If you don’t have…
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Need a PhilHealth ID ASAP? Here’s How to Get One Easily (Without Dealing with Fixers)
- By Moneymax
- April 5, 2022
Before claiming any PhilHealth benefits, members have to provide their Member Data Record (MDR) and/or PhilHealth ID. The latter, however, is often overlooked by PhilHealth members even if one can easily get the ID without charge. After all, you usually only need to provide your membership number for most transactions. Apart from having a valid ID that you can use for government and non-government transactions, owning an ID from PhilHealth also allows you to maximize your PhilHealth contributions. Thus, it’s important to know how to get PhilHealth ID number and card. In case you’re one of those members who don’t have the ID yet, here are the steps for getting one. What is PhilHealth ID? The PhilHealth Identification Number (also called PIN or PhilHealth ID number) is a unique and permanent number issued to anyone who registers for a PhilHealth membership. This is used for identification, verification of a member’s eligibility for PhilHealth benefits, and recording of the member’s availment of benefits. Along with the PhilHealth ID number, an identification card is issued upon enrollment with PhilHealth. This ID card certifies that the cardholder and their qualified dependents are entitled to the benefits and privileges provided by the government’s National Health Insurance Program. How to Get PhilHealth ID in the Philippines Be a PhilHealth Member First If this is your first time to be employed in a private company (and you don’t have a PhilHealth number yet), expect your HR officer to accomplish your PhilHealth membership and provide you with an ID. However, unemployed and self-employed individuals need to register…
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How to Pay Real Property Tax: Guide for Property Owners
- By Moneymax
- March 14, 2022
Owning a property is truly a fulfillment of a dream, especially if you think about your loved ones’ security and comfort. However, owning a home in the Philippines comes with both privileges and responsibilities. Taht’s because homeowners are obliged to pay real property tax―an annual tax payment imposed by the local government. As the Department of Finance recently expressed support to increase real property tax[1] or amilyar, property owners should now begin to understand what this is all about. Regardless of whether you own a land or you just acquired a new home through a housing loan, paying this particular tax is your responsibility. What is Real Property Tax? Real property tax, also known as amilyar, is a tax imposed on property owners by the LGU where your property is located. It’s also referred to as real estate tax, which is due on the first day of January of each year. Curious about the amilyar meaning? Amilyar is a Filipino colloquial term coined from the Spanish word amillaramiento, which means assessment of a tax. Tax collection was introduced to us during the Spanish era when a datu ruled a barangay and collected tax in exchange for protection and security.[2] At present, amilyar is collected by the LGUs to raise funds for public services. How Much is Real Property Tax in the Philippines? As stated in the Local Government Code of 1991, real property tax in the Philippines is computed based on the following rates: 1% of the assessed value of the property in the province 2% of the assessed value…
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How to Transfer Land Title in the Philippines: Checklist, Steps, and FAQs
- By Moneymax
- February 24, 2022
A land title is important in allowing the public to know that you legally own a piece of property. Whether you’re buying a home or just a piece of land, full ownership entails the transfer of land title in the Philippines. Not only are property buyers required to understand this process. Property agents and property sellers should also be familiar with the process of transferring the title from the previous owner to the new one. If you’re a property buyer, make it clear with the property seller and with the broker or agent who should process the transfer of the land title. But if you want to process it yourself, then you should know the intricacies of the procedure and how to accomplish it as required by law. Let’s walk you through the entire land transfer process so you can address whatever hassles may be waiting for you along the way. What is a Land Title and Why is It Important? A land title is a legal document that represents a person’s ownership of a property. The main reason you should transfer land title in the Philippines is to protect your rights as an owner. Moreover, it’s to allow you to facilitate the building of a structure or any other transactions involving the piece of land and use the title as collateral for loans and other bank transactions. According to the law, a title, once registered, cannot be defeated even by adverse, open, and notorious possession.[1] It’s issued as absolute proof of ownership of the property by the person whose…
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Faster, Easier, and Available 24/7―Here’s How to Check SSS Contributions Online
- By Moneymax
- February 16, 2022
In the past, tracking one’s monthly SSS contributions meant visiting an SSS branch, calling the agency’s hotline, or coordinating with the HR department. But technology has transformed the way we do this. You don’t need to go through all this trouble now if you already know how to check SSS contributions online. Through the Social Security System’s member portal, you can now view your SSS contributions online in less than five minutes. Logging into your SSS account lets you check more than just your contributions, though. You can also view and access other SSS features that can be beneficial to all SSS members. Here’s a quick guide on how to check SSS contributions online. Why Check Your SSS Contribution Online? Knowing how to verify your SSS contribution regularly is worth the time and trouble. Here’s why: If you’re employed by a company, you need to make sure that your employer is actually remitting the correct amount and is doing it without delays. For self-employed or voluntary members, monitoring your SSS contributions will let you know immediately if you have any missed or incorrect payments so that you can make the necessary adjustments as early as possible. If you’re planning to apply for an SSS Salary Loan or an SSS calamity loan, or claim other member benefits like SSS disability benefits or SSS unemployment benefit, checking your contributions online can help you evaluate whether you’re eligible or not. Why should you be meticulous about your contribution payments? To qualify for an SSS loan or benefit, you need to meet the required…
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It Pays to Be Loyal: Why You Should Get a Pag-IBIG Loyalty Card Today
- By Moneymax
- February 11, 2022
Pag-IBIG members now have a chance to own a Pag-IBIG loyalty card loaded with discounts to further maximize their Pag-IBIG membership benefits. If you’re looking for a new rewards card that will reap the most discounts, check out the Pag-IBIG Loyalty Card. With this card, you can enjoy discounts and claim rewards from over 350 partner establishments nationwide. You can also use the Pag-IBIG Loyalty Card at restaurants, schools, and pharmacies, among others. Don’t have one yet? No worries! This guide will tell you what you need to know about this very useful card. What is a Pag-IBIG Loyalty Card? Pag-IBIG first launched its loyalty program in 2014 as a way to maximize the value of the working Filipino’s Pag-IBIG membership. The government agency partnered with different establishments to offer exclusive discounts and perks to Pag-IBIG members nationwide. That’s why the membership grew from 8.8 million in 2010 to 14.8 million in 2014.[1] Pag-IBIG Fund members as of 2018 consist of 10.54 million members from the private sector, 2.12 million from the government sector, 300,000 from other working groups, and 1.06 million OFWs.[2] Indeed, the Pag-IBIG Loyalty Card became more than just a Pag-IBIG ID. In a developing country like the Philippines, it offers considerable financial assistance to citizens who want the best value for their money. And in late 2019, Pag-IBIG improved on it and gave it a whole new purpose. It introduced the Pag-IBIG Loyalty Card Plus[3], the agency’s very own cash card, which can be used to receive the proceeds of multi-purpose loans, MP2 dividends, and other…
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Open a Business in the Philippines This 2022―Our Business Permit Application Guide Can Help
- By Adji Hendrawan
- February 4, 2022
Opening a new business soon? A critical task you should make time for is your business permit application. This document is your proof that you can legally operate in the city or town where your business is located—whether it’s a physical store, a courier service, an online shop, or any enterprise. So you can set up your business without fuss, learn how to apply for a business permit properly. Here’s a simple guide for business owners in the Philippines. What is a Business Permit? A business permit is a certification that your business is legitimate. Having this document means your business has the license to operate in the city or municipality where it’s registered. This official document is also called the mayor’s permit because it’s processed by the local government unit (LGU) with jurisdiction over the place of business. Business permits are issued to ensure that businesses pay taxes and comply with local regulations for safety, security, health, and sanitation. This document also entitles an individual or organization to any support provided by LGUs to businesses in their area. Running an enterprise without this permit can result in penalties such as fines and imprisonment. In worst cases, the LGU may close the operations until a business permit is secured. 3 Things to Know Before Filing Your Business Permit Application To avoid delays or any inconveniences with your business permit application, here are some things to note. 1. Apply for One ASAP Being a new entrepreneur, you have so much on your plate as you prepare for your business launch. Despite…
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12 Helpful Tips to Get Your Pag-IBIG Housing Loan Approved
- By andrew.ma@hyphengroup.io
- January 28, 2022
Owning a home is a milestone that anyone will be proud of. For some, it’s a sign of financial independence. For others, it’s a status symbol. And despite the onslaught of challenges brought on by COVID-19, more Filipinos sought opportunities to own a house last year, which resulted in Pag-IBIG Fund releasing PHP 1 billion worth of housing loans.[1] Real estate is a significant investment that costs a lot of money. Also, the acquisition process can be complicated. But did you know that owning a home can be easier through a Pag-IBIG housing loan? With interest rates for as low as 3% and repayment terms of up to 30 years, this housing loan is one of the more affordable and flexible home financing schemes in the Philippines. If you’re planning to apply for this loan, we’ve come up with a simple primer that covers the program’s basics, plus tips to increase your chances of getting approved. How Pag-IBIG Housing Loan Works According to the Pag-IBIG Fund, the housing loan allows you to borrow up to PHP 6 million for any of the following purposes:[2] Residential lot purchase House and lot purchase Condominium unit purchase Residential lot or unit purchase (including the cost of transfer of title) Home construction or improvement Home loan refinancing Combined loan purposes A Pag-IBIG housing loan application isn’t as easy as it sounds, though. Neither is getting approval for the loan. It will take so much of your time, energy, and even money, to comply with all the eligibility and documentary requirements. If you plan to…
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Everything You Must Know Before Applying for an SSS Salary Loan
- By Moneymax
- January 20, 2022
The COVID-19 pandemic has certainly affected everyone’s finances. You may be one of the many Filipinos who lost their jobs in the last two years, or who are looking to start a small business to have another source of income. Good thing that applying for an SSS salary loan is a lot easier now. Thanks to a more developed online system, active members can enjoy a more hassle-free and convenient SSS online registration process and a quicker salary loan processing time. If you’re planning to apply for an SSS salary loan soon, this article will tell you everything you need to know. Who Can Apply for SSS Salary Loan? SSS members who have at least 36 months total contributions and six months of contributions in the last 12 months can apply. The salary loan amount is equivalent to one month’s worth of salary. You can also apply for a two-month salary loan. But you should have at least 72 months of posted contributions and six months of contributions in the last 12 months. Not sure how many months of contributions you have to loan from SSS? You can find all your SSS contributions on the My.SSS portal. Just log in to your account and click on Inquiry. Select Contributions to see your total number of contributions. If you‘re employed, your employer must have up-to-date loan remittances and monthly contributions. You must also have up-to-date payments of other loans acquired. This includes housing loans from the Unified Home Lending Program (UHLP) of the government. Furthermore, you should not have received the…
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It’s Easy to Apply for a Pag-IBIG Salary Loan―Just Check Out This Guide
- By Moneymax
- December 16, 2021
According to the National Economic Development Authority (NEDA), an average Filipino family of five needs a monthly income of around PHP 42,000 to survive.[1] Unfortunately, only half of the working population in the Philippines earns around PHP 44,600 per month, a little less than what’s considered as the median salary in the country, which is PHP 48,200.[2] Research further showed that if half of the working population is receiving less than the median salary, then around 22.7 million Filipinos may be dependent on salary loans,[3] like the Pag-IBIG salary loan, to cover their expenses. This year, Pag-IBIG also announced that cash loans released for its member-borrowers amounted to PHP 36.50 billion.[4] With Pag-IBIG extending its cash loan payments from two years to three years,[5] borrowers can take advantage of the Pag-IBIG salary loan to cover financial emergencies and other urgent expenses. Interested to apply? Here’s a quick guide on the Pag-IBIG Salary Loan. What is a Pag-IBIG Salary Loan? The Pag-IBIG Salary Loan, also known as the Pag-IBIG Multi-Purpose Loan, is a cash assistance program every Pag-IBIG member can choose to avail. If you’re a qualified member, you can borrow up to 80% of your Pag-IBIG regular savings and have your loan processed in as fast as two days. And since this is a multi-purpose loan, you can apply and use it to pay for: Home improvement Business capital Medical expenses Education-related expenses like tuition and miscellaneous fees Home appliances and furniture Utility bills Credit card balances Travel Special events How to Compute Pag-IBIG Salary Loan Amount Calculations are made…
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Laid Off? Here’s How to Compute Separation Pay in the Philippines
- By Moneymax
- November 30, 2021
Have you lost your job recently due to the COVID-19 crisis? A classic “It’s not you, it’s me” moment, getting laid off can be very stressful and devastating during the pandemic. Employment termination is common nowadays, with the unemployment rate in the Philippines soaring to 8.9% in September, the highest for 2021.[1] Upon learning the shocking news, you should know the details about the compensation you may receive from your now ex-employer. One of these benefits is the separation pay, which can support you financially until you’ve found a new job. Keep on reading to know more about separation pay computation in the Philippines and whether you qualify for it. What is Separation Pay and How Does It Work? Separation pay, also known as severance pay, is the amount you may get if you’re terminated from work due to authorized causes. The Labor Code of the Philippines defines the following as authorized causes for a job termination:[2] Redundancy Retrenchment to prevent losses Closure or cessation of business Installation of labor-saving devices Employee is suffering from a disease and continued employment is prohibited by law, prejudicial to their health, as well as the health of their co-employees How Must an Employer Justify a Termination? Your employer should submit documents and undergo due process when terminating employees because of authorized causes. If your dismissal is due to retrenchment, your employer should submit proof of actual or imminent financial losses that are substantive in character to justify this authorized cause. However, if the termination is due to redundancy, your company must show that there…
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Unpaid SSS Loan? Here’s How to Apply for the SSS Loan Restructuring Program
- By Adji Hendrawan
- November 19, 2021
If you have an SSS loan that hasn’t been paid for years, this is your chance to settle it. The SSS Loan Restructuring Program is one of the debt relief schemes offered by the Social Security System to help members settle their unpaid loans without penalties. This debt relief program is also to help members who have been affected by the pandemic. It covers housing loans, salary loans, and other short-term member loans. Here’s everything you need to know about the 2021 SSS loan restructuring program. What is the SSS Loan Restructuring Program? The SSS Loan Restructuring Program (LRP) allows Filipinos with unpaid SSS loans to settle their outstanding balance under a restructured repayment term. Qualified SSS members can avail of the program for three months starting November 15, 2021.[1] Loan restructuring makes it easier to pay back what you owe to the SSS. You’ll have to pay only the overdue principal amount plus interest. After completing the repayment for the restructured loan, you’ll no longer pay the penalty fee you’ve accumulated after years of non-payment Key Features of a Restructured SSS Loan Pay only the loan principal and interest upon satisfaction of certain conditions Waived penalty for full payment of principal and interest Lower annual interest rate of 3% (versus the 10% annual rate of the SSS Salary Loan) One-time payment or monthly installments within the prescribed period How the SSS Loan Restructuring Program Works The SSS Loan Restructuring Program has different terms and conditions for short-term loans[2] and housing loans.[3] SSS Loan Restructuring Program for Short-Term Loans As…
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A Heads-Up for All Drivers: Complete List of LTO Branches in Metro Manila
- By Moneymax
- November 12, 2021
The Land Transportation Office (LTO) is among the agencies heavily affected by the pandemic. Lockdowns have halted regular operations, which in turn put important transactions on hold. While this was a hassle for many, it was a necessary measure to keep everyone safe. Thankfully, the operations of some government agencies have already resumed now that the pandemic appears to be under control. The offices and their clients are picking up where they left off. It’s also obvious that there will be a lot of adjustments to be made in terms of dealing with backlogs and accommodating clients. Whether you have a pending transaction with the LTO or you’re planning to initiate a new one, we’ve put together a simple guide to help you manage your expectations. We’ve also included a list of LTO branches in Metro Manila to aid you in planning and scheduling your transaction. Is LTO Open Today? Yes! LTO resumed its operations in its offices in Metro Manila last May 3, 2021.[1] But the reopening of the offices saw some major changes―from the strict implementation of health and safety protocols to the release of new guidelines on new work arrangements of the employees. All these adjustments certainly have an impact on how you’ll conduct your business at the office. Read more: Taking the Driver’s License Exam? Learn How to Pass the LTO Tests LTO Branches in Metro Manila Listed below are the main and extension offices of the LTO. We’ve also included the telephone number and email address of each office so you can easily contact them. …
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SSS Online Registration: A Simple Step-by-Step Guide
- By Adji Hendrawan
- November 8, 2021
Are you a Philippine Social Security System (SSS) member but don’t have a My.SSS account yet? Better do it now to reap the benefits of this online service facility. Know all about My.SSS and the steps to complete your SSS online registration in this quick guide. What is a My.SSS account? A My.SSS account allows you to use the My.SSS or SSS Member Portal,[1] an online service platform of the SSS website that enables registered SSS members to conveniently and safely access their social security records online. Creating a My.SSS account and using the SSS online portal are both free of charge. To use this SSS online facility, all you need is a smartphone, laptop, or any device with an internet connection. That means you can transact with the SSS Portal anytime and anywhere without the hassle of going to a branch, standing in long lines, and waiting for hours on end. Why Do I Need an SSS Portal Registration? The SSS portal member registration is mainly for your convenience. Completing your SSS online registration can save you a lot of time, energy, and stress because you can complete an SSS transaction in the comfort and safety of your home and even beyond the usual office hours. Who Can Register for an Online Account? The SSS encourages all members to complete their SSS online registration from the My.SSS Portal. You can sign up if you belong to any of the following member categories: Employees with SSS coverage Self-employed or voluntary members Overseas Filipino workers (OFWs) Unemployed spouses with at least one-month…
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SSS Unemployment Benefit: How to Avail of This Cash Benefit for SSS Members
- By Adji Hendrawan
- October 27, 2021
Getting laid off from work is undoubtedly one of the most traumatic things to experience in one’s career. Aside from the pain of rejection, a terminated employee has to deal with the challenges that come with the sudden loss of income. There are bills to pay, mouths to feed, and other financial responsibilities that won’t go away. Such a grim picture is painted by reality. Since the start of the pandemic, the unemployment rate has risen due to lockdowns and heightened restrictions. Just recorded last September, the latest unemployment rate climbed to 8% from 6.9% the month prior. The said figure is equivalent to 3.88 million individuals.[1] Government employees enjoy unemployment benefits from the GSIS, which protect them from the financial impact of involuntary separation from the service. Private employees now have a reprieve as well through unemployment insurance mandated by the newly enacted Republic Act 11199 or Social Security Act of 2018.[2] As a result, qualified SSS members are entitled to unemployment benefits that can help ease their financial burden while looking for a new job. So, even if you think your chances of getting terminated from work are slim, it’s still important to know what the unemployment insurance provision means. What is the SSS Unemployment Benefits Program? Also called Unemployment Insurance or Involuntary Separation Benefit, the SSS Unemployment Benefits Program provides cash assistance to involuntarily separated employees, including household employees and overseas Filipino workers (sea-based and land-based). The said benefit is a new addition to the existing SSS benefits, such as the sickness, maternity, retirement, disability, death, and…
