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The unemployment benefit of the SSS also covers the kasambahay (housemaids) as well as Overseas Filipino Workers (OFWs; Filipino migrant workers).Claimants should have made 36 monthly contributions to the SSS, 12 months of which should be in the 18-month period immediately preceding the month of involuntary separation.
The SSS PESO (Personal Equity Savings Option) Fund is a voluntary savings program that members can utilize to augment their retirement benefits from the regular membership. [20] Launched in September 2014, it is a provident fund that gives tax-free returns and it can be made available effective upon the retirement of the members or when certain ...
The Government Service Insurance System (Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a Filipino government-owned and controlled corporation (GOCC) in the Philippines aimed at government employees.
The benefits formula includes "bend points," which are adjusted annually based on wage inflation. These adjustments are crucial because the actual amount of the WEP reduction is determined the ...
The most notable change to Social Security benefits in 2025 should be good news. All current recipients will receive a boost to their monthly benefit thanks to the Social Security cost-of-living ...
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2014 operation subsidies and program funds that GOCCs received from the national government. GOCCs receive from the government "subsidies" and "program funds". [6] Subsidies cover the day-to-day operations of the GOCCs when revenues are insufficient while program funds are given to profitable GOCCs to pay for a specific program or project.
President Joe Biden nominated Raymond M. Jefferson to serve as the Undersecretary on March 21, 2022, but his nomination was withdrawn on July 11. [6] After the nomination was withdrawn, Joshua Jacobs became the acting under secretary while serving as the Senior Advisor to the Secretary of Veterans Affairs, from July 25, 2022 to April 26, 2023.