permanent total disability benefits.pptx

8/11/2019 Permanent Total Disability Benefits.pptx

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Permanent Total Disability

Benefits


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Permanent Total Disability Does not mean a state of helplessness Disablement to do the same or similar kind of

work that SSS member was trained for and

accustomed to perform because of: Complete loss of sight of both eyes Loss of two limbs at or above the ankle or wrists Permanent complete paralysis of two limbs Brain injury resulting in incurable imbecility or insanity

and Such cases as determined and approved by the SSS


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Monthly Pension

available if the SSS member has paid at leastthirty-six (36) monthly contributions prior to thesemester of disability

Note: Monthly pension and dependent's pensionmay be suspended :upon the re-employment orresumption of self-employment upon recovery of

the disabled member from his permanent totaldisability by failure to undergo examination atleast once a year upon notice by SSS


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Lump sum benefit

available if the SSS member's contribution isless than thirty-six (36) monthly contribution

Note: It is equivalent to the monthly pensiontimes the number of monthly contributionpaid to the SSS or twelve (12) times themonthly pension, whichever is higher.


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Effect of death

the primary beneficiaries as of the date ofdisability shall be entitled to receive hismonthly pension

no primary beneficiaries and he dies withinsixty (60) months from the start of his monthlypension, secondary beneficiaries shall beentitled to a lump sum benefit


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Permanent Partial Disability Benefits

situation where the employee is unable tocontinue with his former work because ofcomplete and permanent loss of use of theanatomical parts of his body


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Monthly pension

available if thepermanent partialdisability occurs afterthirty-six (36) monthlycontributions, payablein this schedule:


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Monthly pension for as long as he lives

Available if themember has paid atleast one hundredtwenty (120) monthlycontributions prior tothe last semester of

his retirement


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Lump sum benefit equal to the totalcontributions paid by him and on his

behalf If the member who

retired at the age of

60 years old has notpaid at least 120monthlycontributions prior tothe semester of hisretirement

If the retired member dies: Primary beneficiaries shall

be entitled to receive themonthly pension

No primary beneficiariesand dies within 60 monthsfrom the start of hismonthly pension,secondary beneficiariesentitled to lump sumbenefit equivalent to thetotal monthly pensions


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Death Benefits

Consist of lump sum amount computed asfollows:


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Funeral Benefits

Granted to help defray the cost of funeralexpenses of a member who dies, includingdeath of a permanently totally disabledmember or retiree

Php 12,000 payable in cash or in kind


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Primary Beneficiaries

The dependent spouse, until he or sheremarries and

The dependent legitimate, legitimated orlegally adopted, and illegitimate children


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Secondary Beneficiaries

The dependent parents or Any other person designated by the member

as his secondary beneficiary


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Dependents The legal spouse entitled by law to receive

support from the member The legitimate, legitimated, legally adopted, and

illegitimate child who: Is unmarried Has not reached 21 years of age If over 21, he is congenitally incapacitated or while

still a minor has been permanently incapacitated andincapable of self-suppor, physically or mentally

The parent who is receiving regular support fromthe member


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Dependents pension

Granted to dependents in case of death,permanent total disability or retirement of anSSS member

Equivalent to 10% of the monthly pension ofPhp 250.00, whichever is higher, payable toeach dependent child conceived on or beforethe date of contingency but not exceeding 5beginning with the youngest and withoutsubstitution


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Social Security System

Implementing arm of the Social Security Act Corporate body directed and controlled by the

Social Security Commission


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Powers and Duties(1) To submit annually not later than April 30, a public report to the President of

the Philippines and to the Congress of the Philippines covering its activities inthe administration and enforcement of this Act during the preceding yearincluding information and recommendations on broad policies for thedevelopment and perfection of the program of the SSS;

(2) To require the actuary to submit a valuation report on the SSS benefit programevery four (4) years, or more frequently as may be necessary, to undertake the

necessary actuarial studies and calculations concerning increases in benefitstaking into account inflation and the financial stability of the SSS, and toprovide for feasible increases in benefits every four (4) years, including theaddition of new ones, under such rules and regulations as the Commission mayadopt, subject to the approval of the President of thePhilippines: Provided, That the actuarial soundness of the reserve fund shall beguaranteed: Provided, further, That such increases in benefits shall not requireany increase in the rate of contribution;

(3) To establish offices of the SSS to cover as many provinces, cities andcongressional districts, whenever and wherever it may be expedient, necessaryand feasible, and to inspect or cause to be inspected periodically such offices;

(4) To enter into agreements or contracts for such service and aid, as may beneeded for the proper, efficient and stable administration of the SSS;


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Powers and Duties(5) To adopt, from time to time, a budget of expenditures including salaries of

personnel, against all funds available to the SSS under this Act;(6) To set up its accounting system and provide the necessary personnel

therefor;(7) To require reports, compilations and analyses of statistical and economic

data and to make investigation as may be needed for the properadministration and development of the SSS;

(8) To acquire and dispose of property, real or personal, which may benecessary or expedient for the attainment of the purposes of this Act;

(9) To acquire, receive, or hold, by way of purchase, expropriation orotherwise, public or private property for the purpose of undertakinghousing projects preferably for the benefit of low-income members andfor the maintenance of hospitals and institutions for the sick, aged anddisabled, as well as schools for the members and their immediate families;

(10) To sue and be sued in court; and(11) To perform such other corporate acts as it may deem appropriate for the

proper enforcement of this Act.


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Administrative Functions(1) To adopt, amend and rescind, subject to the approval of the President

of the Philippines, such rules and regulations as may be necessary tocarry out the provisions and purposes of this Act;

(2) To establish a provident fund for the members which will consist ofvoluntary contributions of employers and/or employees, self-employed

and voluntary members and their earnings, for the payment of benefitsto such members or their beneficiaries, subject to such rules andregulations as it may promulgate and approved by the President of thePhilippines;

(3) To maintain a provident fund which consists of contributions made byboth the SSS and its officials and employees and their earnings, for thepayment of benefits to such officials and employees or their heirs undersuch terms and conditions as it may prescribe;

(4) To approve restructuring proposals for the payment of due butunremitted contributions and unpaid loan amortizations under suchterms and conditions as it may prescribe;


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Administrative Functions

(5) To authorize cooperatives registered with the cooperativedevelopment authority or associations registered with theappropriate government agency to act as collecting agents of theSSS with respect to their members: Provided, That the SSS shallaccredit the cooperative or association: Provided, further, That thepersons authorized to collect are bonded;

(6) To compromise or release, in whole or in part, any interest, penaltyor any civil liability to SSS in connection with the investmentsauthorized under Section 26 hereof, under such terms andconditions as it may prescribe and approved by the President of thePhilippines; and

(7) To approve, confirm, pass upon or review any and all actions of theSSS in the proper and necessary exercise of its powers and dutieshereinafter enumerated.


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Quasi-Judicial Function

Jurisdiction over disputes arising under theSocial Security Act with respect to coverage,entitlement of benefits, collection and

settlement of contributions and penalties orany other related matter Order motu proprio the remittance of unpaid

premium contributions Administrative in nature and not strictly

governed by the technical rules of procedure


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Quasi-Judicial Functions

No authority to condone penalties for latepayment.

Jurisdiction over claim for damages.


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Appeal

Appealable to the Court of Appeals under rule43 of the Rules of Court by filing a verifiedpetition for review with 15 days from notice of judgment.

permanent total disability benefits.pptx

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