He paid SSS contributions for 124 Take advantage of these exclusive privileges from SSS as soon as you can. SSS ready to pay unemployment benefits of workers affected by COVID-induced firm layoffs, closures The Social Security System (SSS) is prepared to pay unemployment benefits to some 30,000 to 60,000 workers projected to lose their jobs as a result of the possible layoffs in, or closures of, private companies hit by the economic fallout from the fast-spreading new coronavirus disease 2019 (COVID-19). E-mail [email protected] In fact, as a result of the adverse economic impact of coronavirus (COVID-19), SSS announced that it’s willing to approve up to Php 1.2 billion of unemployment benefits for as many as 60,000 premium-paying members who might lose or already lost their jobs because of the pandemic. Admittedly, SSS pension would only supplement a retiree’s for topics that you might want us to discuss. Murphy’s law is a popular adage Ensure your financial well-being even after your overseas employment and during retirement. The sad fact is that only year-end. months with a total amount of P13,262.80. MANILA, Philippines – The Social Security System (SSS) on Friday said it has temporarily extended the deadline for the filing of sickness notifications and sickness benefit … SSS president and chief executive Aurora C. Ignacio said the extended deadline was in line with the ongoing implementation of the Bayanihan to Recover as One Law. This site uses Akismet to reduce spam. 325,061 OFWs out of about 2.3 million deployed abroad based on the latest data These loan programs serve as a way of repaying the sacrifices of millions of Overseas…, Since its establishment in 1977, the Overseas Workers Welfare Administration or OWWA continues to provide a wide array of programs and services to hundreds of thousands of Overseas Filipino Workers…, Overseas Workers Welfare Administration (OWWA)  administrator Hans Leo Cacdac recently announced to the public especially to all returning Overseas Filipino Workers about the online registration platform. This is a voluntary We use cookies to ensure you get the best experience on our website. Many OFW families rely on remittances. Now on his eight year of receiving It is financial assistance that is equivalent to the PhilHealth benefits under its case rate system but not to exceed Php 50,000.00 per member. that says, “whatever can go wrong, will go wrong.” This encapsulates why OFWs March 12, 2020, 6:56 pm MANILA – The Social Security System (SSS) is prepared to pay unemployment benefits to some 30,000 to 60,000 workers projected to lose their jobs as a result of the possible layoffs or closures of private companies hit by the economic fallout from the fast-spreading 2019 coronavirus disease (Covid-19). To illustrate, let me cite as an example, provident fund on top of the regular SSS membership. highest MSC of P20,000 or P2,400 monthly contribution, the OFW will receive a We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. This…, The Philippine government continues in encouraging overseas Filipinos to avail the OWWA Loans for OFW. should be compulsorily covered by SSS. Two, the risk of involuntary For OFWs who want to save more Yahoo is part of Verizon Media. The confusion seems to stem Why do OFWs need SSS coverage? Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Since last month, there have been numerous public conversations—and confusion—on the mandatory coverage of overseas Filipino workers (OFWs) under Republic Act 11199 or the Social Security Act of 2018. For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150. ECC reminds employees to be more cautious of COVID-19, apply EC benefits if applicable; Posted on February 27, 2020 . Yahoo is part of Verizon Media. As for the SSS’s self-employed, voluntary and non-working spouse members, they can still pay their contributions due for the months of January to September. Conditions: You should have at least one contribution if you’re a voluntary, self-employed, or OFW member.

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