4 Useful SSS Benefits Filipinos Might Not Know

February 8, 2018 | Posted by: Venus Zoleta | Government Services

February 8, 2018


useful sss benefits
When talking about SSS benefits, what usually come to mind are the pension, sickness, and maternity benefits, as well as the SSS salary loan.

Data from the Social Security System (SSS) show that more than one million Filipinos are receiving retirement benefits and another 1.39 million availed of a salary loan in 2017.

Have you heard about the P.E.S.O Fund? Ever filed an Employee’s Compensation claim? If these things sound new to you, it’s time to educate yourself about these lesser-known yet very useful SSS benefits. Who knows, you might need one of them someday, if not soon.

1. SSS P.E.S.O. Fund

If the Pag-IBIG Fund has the Modified Pag-IBIG 2 Savings Program for qualified members, SSS has the Personal Equity and Savings Option (P.E.S.O.) Fund. Both are optional savings/investment schemes that provide their respective members an opportunity to earn additional income by paying higher monthly contributions.

P.E.S.O. Fund Features

  • Funds invested in sovereign-guaranteed investments
  • 65% of the total fund allocated to retirement, 25% to medical, and 10% to general-purpose expenses (e.g., livelihood, education, unemployment, etc.)
  • Guaranteed and tax-free earnings
  • Benefits can be availed by filing a retirement, total disability, or death claim under the regular SSS program
  • Retirement and total disability SSS benefits can be received in lump sum, monthly pension, or a combination of both
  • Death benefits paid in lump sum to the member’s beneficiaries

Eligibility Requirements

To join the program, any SSS member (employee, self-employed professional, voluntary member, or OFW) must meet these qualifications:

  • Under 55 years old
  • At least six consecutive monthly contributions (under the regular SSS program) within the last 12 months before the month of enrollment
  • Self-employed, voluntary, and OFW members must be paying the maximum contributions under the regular SSS program
  • No final claim has been filed under the regular SSS program

How to Enroll

Eligible SSS members can enroll in the Fund either over-the-counter at any SSS branch or via the My.SSS online service facility.
Steps to enroll via My.SSS

  1. Log in to your My.SSS account.
  2. Under the E-SERVICES menu, click P.E.S.O. Fund.
  3. Wait for an email that confirms successful registration.

Upon enrollment, SSS members can pay at least PHP 1,000 per contribution to the Fund anytime they have extra money for savings. The maximum total contribution per year is PHP 100,000.

2. Employees’ Compensation Program


Did you know that when you suffer from work-related sickness, injury, or disability, you can get additional benefits in addition to the regular SSS sickness or disability benefits?

If you’re an employee and SSS member, you’re already covered under the Employees’ Compensation (EC) program. Also, your employer pays the monthly EC contributions (PHP 10 or PHP 30) on your behalf during your employment with the company. Thus, you don’t have to register and pay contributions to get an EC coverage.

Benefits Under the EC program

  • Medical services – Ward services in an accredited hospital and physician that an in-patient would normally receive in a hospital
  • Rehabilitation services
  • Cash benefit – For temporary sickness or disability, permanent partial or total disability, and death

How to File an EC Claim

  1. Notify your employer of the sickness, injury, or death within five days (no need to do so when the sickness, injury, or death happened during working hours, at the workplace, or with the employer’s knowledge).
  2. File a claim for EC benefits at any SSS branch

Check out this guide for more information about the EC program.

3. Funeral Benefit

Anyone who pays for the burial expenses of a deceased SSS member or pensioner, whether a beneficiary or not, is entitled to an SSS funeral benefit ranging from PHP 20,000 to PHP 40,000. Even a funeral parlor that has shouldered a member’s burial costs can file for a funeral benefit claim.

To file a claim for funeral benefit at any SSS branch, one has to submit the following:

  • Accomplished SSS Funeral Claim Application form
  • SSS ID, UMID card, SS Form E-4, or any proof of SSS membership of the deceased person
  • A valid ID of the claimant
  • Death certificate of the deceased member
  • Official receipt (with BIR registration) with the name of the deceased member and claimant

Check out this guide for more information about the SSS funeral benefit.

4. Disability Benefit

SSS also provides a cash benefit to members with partial or total permanent disability. The disability pension ranges from PHP 1,000 to PHP 2,400 per month, along with a PHP 500 supplemental allowance.

To qualify, a member must have paid at least one-month contribution before the semester of disability. Disabled and qualified SSS members receive the benefit either as a lump sum (for members who have paid less than 36 monthly contributions) or a monthly pension (for those with at least 36 monthly contributions.)

Check out this guide for more information about the SSS disability benefit.

Final Thoughts

SSS strongly encourages its members to keep their personal data updated in their records for a hassle-free claiming of SSS benefits. If you have to make changes to your SSS membership information, submit an accomplished Member Data Change Request form to the nearest SSS branch along with the documents specified at the back of the form.

If you need to know more about SSS benefits, you can reach the agency via email at member_relations@sss.gov.ph or its hotline: 920-6446 to 55.
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