1. Relevance of Marriage Documents in the Provision of Pension Presented by: Agnes E. San Jose Assistant Vice President,RDF Program

2. Relevance of Marriage Documents in the Provision of Pension.ppt A. Background on Social Security System B. Benefits Granted under SSS C. Beneficiaries Entitled to SSS Benefits D. Effects of Marriage Certificate in the Granting of Benefits

3. Relevance of Marriage Documents in the Provision of Pension.ppt Background on Social Security System Enacted on September 1, 1957 the Social Security Act of 1954 or the Social Security Law (SS Law)

4. Relevance of Marriage Documents in the Provision of Pension.ppt SSS provides protection to members and their families against the hazards of: - disability - sickness - maternity - old-age - death; and and other contingencies resulting in loss of income or financial burden

5. Relevance of Marriage Documents in the Provision of Pension.ppt The Social Security System (SSS) administers two programs for workers in the private sectors:  The Social Security Program; and  The Employee’s Compensation Program (EC )

6. Relevance of Marriage Documents in the Provision of Pension.ppt Benefits Granted under SSS

7. Relevance of Marriage Documents in the Provision of Pension.ppt  Sickness - a cash allowance to be paid for the number of days a member is unable to work due to sickness or injury.  Maternity - a cash allowance granted to a female member who was unable to work due to childbirth or miscarriage

8. Relevance of Marriage Documents in the Provision of Pension.ppt Disability - paid to a member who becomes permanently disabled either totally or partially.  Funeral - to help defray the cost of funeral expenses upon the death of a member.

9. Relevance of Marriage Documents in the Provision of Pension.ppt Retirement - paid either in monthly pension or lump sum to a member who can no longer work due to old age.  Death - paid either in monthly pension or lump sum given to compensate for loss of support from the member.

10. Relevance of Marriage Documents in the Provision of Pension.ppt FORMULA THE HIGHER OF:  P300 + (20% x AMSC) + [2% x AMSC x (CYS - 10)]  40% x AMSC  MINIMUM PENSION

11. Relevance of Marriage Documents in the Provision of Pension.ppt Beneficiaries Entitled to SSS Benefits

12. Relevance of Marriage Documents in the Provision of Pension.ppt

13. Primary Beneficiaries  Legitimate dependent spouse until the person remarries.

14. Relevance of Marriage Documents in the Provision of Pension.ppt Dependent legitimate, legitimated or legally adopted and illegitimate children of the deceased member. who are:  unmarried  not gainfully employed  has not reached twenty-one years (21) of age, or

15. Relevance of Marriage Documents in the Provision of Pension.ppt  Over twenty-one (21) years of age, he is congenitally or while still a minor has been permanently incapacitated and incapable of self-support, physically or mentally

16. Relevance of Marriage Documents in the Provision of Pension.ppt  Entitlement of illegitimate minor children to:  50% of the share of the legitimate, legitimated or legally adopted children in the basic pension; and  100% of the dependents’ pension

17. Relevance of Marriage Documents in the Provision of Pension.ppt Secondary Beneficiaries  Dependent parents of the deceased member will get the benefit in the absence of primary beneficiaries

18. Relevance of Marriage Documents in the Provision of Pension.ppt Designated Beneficiaries  Other person designated by the member as his/her beneficiary, in the absence of primary and secondary beneficiaries

19. Relevance of Marriage Documents in the Provision of Pension.ppt Effects of Marriage Certificate in the Granting Benefits

20. Relevance of Marriage Documents in the Provision of Pension.ppt Death Certificate of the Deceased Member Marriage Certificate Birth/Baptismal Certificate of dependent minor children, if any Requirements for Death Claim

21. Relevance of Marriage Documents in the Provision of Pension.ppt Marriage Certificate, if with children Birth/Baptismal Certificate of dependent minor children Requirements for Retirement Claim

22. Relevance of Marriage Documents in the Provision of Pension.ppt Certification of separation paper, if member is less than 65 years old or Certification of cessation of business or profession, if member is less than 65 years old Requirements for Retirement Claim

23. Relevance of Marriage Documents in the Provision of Pension.ppt Dependents  Entitlement to dependents pension, the higher of 10% of the monthly pension or P250.00

24. Relevance of Marriage Documents in the Provision of Pension.ppt  Payment of 5 dependents beginning with the youngest and without substitution

25. Relevance of Marriage Documents in the Provision of Pension.ppt Spouse  Entitlement to receive monthly pension until the person remarries or dies, if the deceased member has paid at least thirty- six monthly contributions

26. Relevance of Marriage Documents in the Provision of Pension.ppt  All legitimate spouse of Muslim SSS member, not exceeding four, are entitled to receive monthly pension

27. Relevance of Marriage Documents in the Provision of Pension.ppt  If not legally married and children are over 21 years of age, benefit shall be paid to the secondary beneficiaries or in its absence, to the designated beneficiaries.