Tue, 26 May 2020

SSS explains why they are 'Sulit'

18 Dec 2018, 15:38 GMT+10

ILIGAN CITY, Dec. 16 (PIA) -- The Social Security System (SSS) emphasized the value of SSS membership through its 'Sulit sa SSS' campaign during the launching of the Philippine Information Agency's (PIA) 1st Information Volunteers Network Confererence in Iligan city.

SSS Cagayan de Oro Acting Assistant Branch Head Simon Jude Obut said that "with social security, you will have a secured future, your future will also be protected and with this sulit sa SSS campaign, we make it say that your contributions and the amount you pay to the SSS is really worth it."

Obut discussed the importance of social security system particularly the long-term services and short-term benefits that are readily available for its current members.

He cited the social security protection available to all working Filipinos as the SSS provides financial benefits on life contingencies or emergencies such as disability, maternity, sickness, death, funeral, and retirement.

SSS membership covers all private sector workers who are not over 60 years old regardless of their work status and those who earn not less than P1,000 every month.

As of December 2017, SSS registration has increased to 36.1 million members around the country, of which about 26.1 million are employed, 4.4 million are self-employed, 4.2 million are voluntary members, and 1.4 million are OFWs.

Obut also discussed how contributions are being calculated. "It is computed through monthly salary credit (MSC) which refers to your income base".

To come up with monthly contribution amount, MSC is multiplied by a contribution rate depending on the type of membership an individual is registered into.

Through the 'Sulit sa SSS' orientation, around 100 stakeholders from government sectors, academe, media practitioners, and bloggers society in Iligan City learned about the benefits and privileges from SSS.

Aside from the IVN conference event, SSS is currently in partnership with PIA in promoting 'Sulit sa SSS' campaign. (LJKabagani/PIA ICCC)

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