presented by: jeremy m. redulla

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Presented by: JEREMY M. REDULLA SMSR, SSS-POEA Office

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OFW COVERAGE PROGRAM. Social Security System. Presented by: JEREMY M. REDULLA. SMSR, SSS-POEA Office. OFW COVERAGE PROGRAM. Who are covered under this program?. Coverage is for all OFWs not over 60 years old. How does one register as an OFW member?. - PowerPoint PPT Presentation

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Page 1: Presented by: JEREMY M. REDULLA

Presented by:

JEREMY M. REDULLASMSR, SSS-POEA Office

Page 2: Presented by: JEREMY M. REDULLA

• Passport• Birth/Baptismal Certificate

• Driver’s License • Professional Regulation Commission (PRC)

card

Who are covered under this program?Coverage is for all OFWs not over 60 years old

How does one register as an OFW member?• For new SSS registrant (no SSS no. yet)Submit duly accomplished OW-1 at any nearest branch office

(local or foreign) together with any of the following documents:

Page 3: Presented by: JEREMY M. REDULLA

How does one register as an OFW member?• For existing members (with SSS no.)

Reactivate your membership by paying your contribution in any SSS accredited collecting agents

Basic Instructions:

1. Indicate “Overseas Worker” as type of payor.2. Always use your correct SSS number.

A member should only have 1

account no.

Page 4: Presented by: JEREMY M. REDULLA

What will be the basis of

Based on the monthly income earnings (in Peso) declared at the time of registration

SSS monthly contributions?

Minimum contribution

Php520

Maximum contribution

Php1,560

OFW Contribution (effective 01 January 2007)

Higher Contribution Amount

+ Longer Payment

Period=

Higher Benefits

Page 5: Presented by: JEREMY M. REDULLA

When will payments be made?

For OFW members contributions may be paidanytime during the year

Page 6: Presented by: JEREMY M. REDULLA

Where will payments be made?

SSS contributions and loan amortizations may be paid through any of the following:

SSS accredited banks/tie-ups

SSS branch offices with tellering facilities

Accredited remittance centers/ other collecting agents

Page 7: Presented by: JEREMY M. REDULLA

What are the benefits and loan privileges under the program?

OFWs are entitled to various benefits and loan privileges

PROVIDED qualifying conditions are met.

Page 8: Presented by: JEREMY M. REDULLA

SSS BENEFITS

SICKNESS

MATERNITY

DISABILITY

RETIREMENT

FUNERAL GRANT

DEATH

Page 9: Presented by: JEREMY M. REDULLA

Sample Salary BracketJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2012 15000 15000 15000 15000

2011 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000

2010 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000

2009 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000

2008 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000

2007 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000

Page 10: Presented by: JEREMY M. REDULLA

SSS BENEFITS

SICKNESS

Qualifying Condition:

With at least 3 months contri-bution within the 12-month period before the semester of sickness

Daily cash allowance paid for the number of days a member is unable to work due to sickness or injury

Page 11: Presented by: JEREMY M. REDULLA

SSS BENEFITS

MATERNITY

Daily cash allowance granted for a female member who is unable to work due to childbirth or miscarriage

Qualifying Condition:

With at least 3 months contri-bution within the 12-month period before the semester of childbirth or miscarriage

Page 12: Presented by: JEREMY M. REDULLA

SSS BENEFITS

DISABILITY

Cash benefit granted to member who suffers partial or total permanent disability; paid either as pension or lump sum

Qualifying Condition:

With at least 1month contri-bution prior to the semester of contingency (>36 contri–pension; <36 contri-lum sum)

Page 13: Presented by: JEREMY M. REDULLA

SSS BENEFITS

RETIREMENT

Cash benefit granted to member who can no longer work due to old age; paid either as partial or lump sum (60 yrs old – optional / 65 yrs old – mandatory)

Qualifying Condition:

120 contributions prior to semester of retirement (<120 contri – lump sum.)

Page 14: Presented by: JEREMY M. REDULLA

SSS BENEFITS

Cash grant given to whoever paid the deceased member’s funeral expenses

Qualifying Condition:

Member must have paid at least 1 month contribution prior to the semester of contingency

FUNERAL GRANT

Page 15: Presented by: JEREMY M. REDULLA

SSS BENEFITS

DEATH

Cash benefit paid to the beneficiaries of a deceased member; paid either in pension or lump sum; includes benefit for minor children (not exceeding 5)

Qualifying Condition:

<36 contribution – lump sum

>36 contribution-pension

Page 16: Presented by: JEREMY M. REDULLA

SSS LOANS PROGRAM

Qualifying Condition:With active membership – Salary - at least 6 months prior to filing of loan application Housing/Business – at least 12- month period

Salary

Housing Business

Page 17: Presented by: JEREMY M. REDULLA

SSS LOANS PROGRAM

Salary Amount of loan depends on the average of the member’s salary credit period but not to exceed P24,000 Payable within 2 years in 24 equal monthly installments Interest rate is 10% per year; the interest for the first year is deducted in advance from the loan

Page 18: Presented by: JEREMY M. REDULLA

SSS LOANS PROGRAM

Housing Direct Housing Loan (for OFWs and Trade Union Housing Loans thru BANKS and other Participating

Financial Institutions

1. Home Repair and Renovation

5. Pari-Passu

2. Construction of Apartments /Dormitories

3. Corporate Housing loan4. Individual Housing loan

Page 19: Presented by: JEREMY M. REDULLA

SSS LOANS PROGRAM

Business Special Financing Program for Micro Enterprises,

Cottage Industries, at other Micro Business Enterprises

SULONG Program (Loans for Small & Medium Scale Enterprises

Page 20: Presented by: JEREMY M. REDULLA

FOREIGN OFFICES

Asia

Hong Kong Taipei Brunei Singapore

Middle East

Riyadh Jeddah Al-khobar Kuwait Doha Abu Dhabi

Europe

Rome Milan London

Page 21: Presented by: JEREMY M. REDULLA

OTHER FOREIGN OFFICES

Soon to open...

Australia

U S A

Awaiting deployment ofSSS representative

Dubai

Kuala Lumpur

Page 22: Presented by: JEREMY M. REDULLA

Contact

SSS Hotline No. : 917-7777

Website : www.sss.gov.ph

E-mail: [email protected] [email protected]

us…

Text SSS to 2600

Page 23: Presented by: JEREMY M. REDULLA