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SSS members can make 'salary' or 'calamity' loans. Salary loans are calculated based on a member's particular monthly salary credit. Calamity loans are for instances when the government has declared a state of calamity in the area where an SSS member lives, following disasters such as flooding and earthquakes. [19]
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.
Republic Act No. 7322 states that a pregnant employee who has paid at least three monthly maternity contributions to the Social Security System in the twelve-month period preceding the semester of her childbirth, abortion or miscarriage and who is currently employed shall be paid a daily maternity benefit equivalent to one hundred percent (100% ...
In 2024, the maximum monthly Social Security benefit at full retirement age was $3,822. In 2025, it's rising to $4,018. And if you're a higher earner who's reaching full retirement age in 2025, ...
Maximizing the Social Security benefit in retirement is easier said than done. In 2023, the highest amount a retiree can receive under the program is $54,660 a year.
Your benefit is based upon the adjusted average monthly earnings during the 35 years in which you earned the most. ... In 2022, $147,000 is the salary needed to receive the maximum benefit ...
The maximum employee share in 2012 is reduced to $4,624.20, but the maximum employer share remains at $6,826.20. Effectively, this was a 4.2% rate charged to the employee, and 6.2% rate to the employer. This resulted in an approximately 40/60 split but reduced the total contribution.
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 ...