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The Social Security System (SSS; Filipino: Paseguruhan ng mga Naglilingkod sa Pribado) [4] is a state-run social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954.
Teodoro first implemented SSS Medical Care (Medicare) program in 1972, which provided cash payments for medical, surgical and hospitalization expenses of members and their beneficiaries. Three years later, he launched the Employees’ Compensation (EC) program, which gave additional funds to members who suffered from work-related illnesses ...
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.
For example, if your job matches 100 percent of your 401(k) contributions up to 4 percent of your salary, and you earn $50,000 annually, contributing $2,000 ensures an additional $2,000 from your ...
Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance institution that provides a defined benefit scheme. It insures its members against the occurrence of certain contingencies in exchange for their monthly premium contributions.
In 2012 the contribution was 4.55% of gross salary up to a ceiling of €4,172 per month. The first €1,435.75 of an employee's gross salaries are not subject to the 4.55% contribution. Benefits are paid for a maximum period of 24 months and claimants get 75% of last salary for 2 months and 70% thereafter with a maximum benefit of €3128 ...
If you're relying on federal student loans to help you pay for college, you'll first need to complete your Free Application for Federal Student Aid (FAFSA). The information you provide on the ...
The first monthly payment was issued on January 31, 1940 to Ida May Fuller of Ludlow, Vermont. [34] In 1937, 1938, and 1939, she paid a total of $24.75 into the Social Security System. Her first check was for $22.54. [34] After her second check, Fuller already had received more than she contributed over the three-year period.