i was listening to an SSS pensioner talking to an SSS employee. i knew his status as pensioner because of the nature of his questions and i recognized the uniform of an SSS employee.
one of his questions was regarding the pension of a government employee vs the pension of a private sector employee. this was easy to answer, even i knew why. do you want to know why?
well, tis easy. gsis charges MORE and does not have a monthly salary credit ceiling. in return, the gsis member gets more retirement funds.
he was also concerned about SSS investments. he wanted a list of the SSS investments -
well, RA 8282 or the SSS law has limits on the kind of investments it can do. as far as i know, sss has only broken one limit - and that is, loans to members.
he also wanted to know what will happen to his son's contributions. that was easy too.
obviously his son will be entitled to the sss benefits like a pension. all he needs to do is apply
are you interested too? you can find the investment limits on the RA 8282, and if, like him, you want to know which and what investments ... you can write to SSS to ask for such a list. Remember though, SSS goes through many, many letters. really. i've seen the pile
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