Even if they have never worked under Social Security, your spouse may be eligible for benefits if they are at least 62 years of age and you are receiving retirement or disability benefits. Your spouse can also qualify for Medicare at age 65.
If you are self-employed (SE) or a voluntary member (VM), you must pay the full 12%, based on the monthly earnings that you declared at the time of registration (for SE), or the MSC that you set for yourself (for VM, such as members separated from employment).
Self-Employed members are person engaged in: Any trade, business or occupation. No employer other than himself/herself. Derives an income of at least 2,000 PHP a month. Not over 60 years of age (initial coverage)
Even self-employed and unemployed people and non-working spouses can become SSS members as long as they're able to pay their monthly dues. And once you become an SSS member, you're a member for life.
Yes. You may change your contribution amount or MSC as a voluntary, self-employed, or OFW member when your monthly income has increased or decreased. No need to submit proof of the spouse's monthly income. To change your contribution, just choose a different contribution amount when generating a PRN through your My.
You can stop paying contribution after you make a final SSS benefit claim for total disability or retirement. If you do this, you will only get a small amount of monthly pension and will not be qualified to avail of SSS benefits and loans. You can file for optional retirement when you're 60 years old and unemployed.
A self-employed person should accomplish SSS Form RS-1 (Self-Employed Data Record) and submit it together with a photocopy of any of the following baptismal, birth certificate, driver's license, passport, Professional Regulation Commission (PRC) Card, Seaman's Book.
The maternity benefit is offered only to female SSS members. She has given the required notification of her pregnancy to SSS through her employer if employed; or submitted the maternity notification directly to the SSS if separated from employment, a voluntary or self-employed member.
You do not claim a spouse as a dependent. When you are married and living together, you can only file a tax return as either Married Filing Jointly or Married Filing Separately. You would want to file as MFJ even if one spouse has little or no income.
You can not claim a spouse as a dependent. See page 11 of IRS Publication 501 which says: “Your spouse is never considered your dependent.” But you can file as married filing jointly even if one of you has little or no income.
Even if you've never had a job, you may still be eligible for Social Security benefits when you retire or become disabled. Social Security benefits are based on the amount of income you earned during your working life.
When your non-working spouse turns 65, they will be eligible for premium-free Part A and Medicare Part B if you are at least 62 years and have paid at least ten years of Medicare taxes. *You must be married for at least one year before an older spouse can be eligible for Medicare based on your work record.
If you still have children at home under the age of 18, they are also eligible for a Social Security survivor benefit. The requirements for eligibility are the same as they are for disability benefits. However, instead of 50% of the worker's benefit amount, children will receive 75% of the worker's benefit amount.
A spousal IRA is a strategy that allows a working spouse to contribute to an individual retirement account (IRA) that is in the name of a non-working spouse with no income or very little income. This is an exception to the provision that an individual must have earned income to contribute to an IRA.
You can collect benefits on a spouse's work record regardless of whether you also worked. If your own retirement benefit is lower than your spousal benefit, Social Security will pay you the higher amount.
A nonworking spouse can open and contribute to an IRAA nonworking spouse can contribute as much to a spousal IRA as the wage earner in the family. The annual contribution limit for IRAs, including Roth and traditional IRAs, is $6,000. If you're age 50 or older, you can contribute an additional $1,000 annually.
The total varies, but generally the total amount you and your family can receive is between 150 and 180 percent of your disability benefit. “If the sum of the benefits payable on your account is greater than the family limit, the benefits to the family members will be reduced proportionately.
The Average Monthly Salary Credit is computed by “dividing the sum of the last sixty (60) monthly salary credits immediately preceding the semester of contingency by sixty (60), or the result obtained by dividing the sum of all the monthly salary credits paid prior to the semester of contingency by the number of
SSS & SSS-ESL are federally-funded programs that provide opportunities for academic, social, and cultural development for students. Our goal is to assist students to graduate with an associate's degree and transfer to a four-year institution.
Divide the total monthly salary credit by 180 days to get the average daily salary credit. This is equivalent to the daily maternity allowance. Multiply the daily maternity allowance by 60 (for normal delivery or miscarriage) or 78 days (for caesarean section delivery) to get the total amount of maternity benefit.
8282 in 1997.
Government employees, meanwhile, are covered under a separate state-pension fund by the
Government Service Insurance System (GSIS).
Social Security System (Philippines)
| Agency overview |
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| Headquarters | SSS Building, East Avenue, Diliman, Quezon City |
| Agency executive | Carlos Dominguez III President and CEO 09 |
| Website | www.sss.gov.ph |
The MPF Program covers all SSS members who have met the following qualifications: a. Have no final claim in the Regular SSS Program; and. b. Have contribution(s) in the Regular SSS Program and whose monthly salary credit (MSC) exceeds P20,000.
If you have an online account, just login to the My. SSS portal, choose “Voluntary'' or “OFW” as your membership type, and generate a Payment Reference Number (PRN). After the contribution is paid, your membership status will automatically change to voluntary or OFW.
In simple terms, SSS is like an insurance program mandated by the government to all income earners or workers in the Philippines. In exchange for the said monthly contributions, members will enjoy insurance benefits such as sickness, maternity, disability, retirement, death and funeral and salary loan.
Self-employed/voluntary members should:Pay your contributions using SS Form RS-5 (Contributions Payment Return) monthly or quarterly in accordance with the prescribed schedule of payment. Beginning 01 January 2004, self-employed and voluntary members, including OFWs may change their MSC monthly.
(m) Average monthly salary credit – The result obtained by dividing the sum of the last sixty (60) monthly salary credits immediately preceding the semester of contingency by sixty (60), or the result obtained by dividing the sum of all the monthly salary credits paid prior to the semester of contingency by the number
The maximum loanable amount is P1,000,000.00. Actual need of the borrower based on the contract to sell/scope of work and bill of materials evaluated by the SSS.
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Both private and government employees must contribute to the Pag-IBIG Fund and PhilHealth. Foreign nationals working in the Philippines must also make contributions to SSS, HDMF, and PhilHealth. Membership is mandatory unless exempt under some of the Philippines' Totalization Agreements.
domestic work within an employment relationship, whether on a live-in or live-out arrangement, such as, but not limited to, general househelp, “yaya”, cook, gardener, or laundry person, but shall exclude family drivers, children who are under foster family arrangement, or any person who performs domestic work only
The total amount of an employee's SSS contribution is computed at 11% of the monthly salary (with a salary ceiling of Php16,000), but this is actually shared between the employee and the employer - the employee shoulders 3.63% while the employer pays for the remaining 7.37%.
