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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.
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.
Social Security System (Philippines), for private employees and the self-employed (includes those de facto working for the government but not de jure - not having a [direct] "employer-employee relationship" such as through "Contract of Service (CoS)" and "Job Order (JO)" types of engagement)
On June 2, 1978, the DSSD was renamed Ministry of Social Services and Development (MSSD) in line with the change in the form of government. In 1987, the MSSD was reorganized and renamed the Department of Social Welfare and Development (DSWD) through Executive Order 123, which was signed by President Corazon C. Aquino.
Endo (derived from "end-of-contract") [1] refers to a short-term de facto employment practice in the Philippines.It is a form of contractualization which involves companies giving workers temporary "employment" that lasts for less than six months (or strictly speaking, 180 calendar days) and then terminating their employment just short of being regularized in order to skirt on the costs which ...
There are still some requirements that broadly apply, though. ... SBA forms, which vary by loan type (for example, 7(a) loans require Form 1919, Form 1920 and Form 413) ...
The agency responsible for implementation is the Social Security System (SSS), and also the Government Service Insurance System (GSIS), the Philippine Health Insurance Corporation (PhilHealth), and the Pag-IBIG Fund (Home Development Mutual Fund) use the card. [3] The card was also suggested to be used as a voter ID. [4]
In 2002, a total of 117.7 million Philippine pesos in rebates were distributed to about 195,000 accounts. The rebates were for salary loans and ranged from 500 to 2,000 Philippine pesos each. [9] In 2002, it had nonperforming bad loans of 1.4 billion Philippine pesos, but for 2003 this had increased to 4.18 billion Philippine pesos.