This table will allow you, the readers to look at the benefits at a glance.
All computations are based on the MSC or monthly salary credit.
It must be remembered that SSS does not allow huge jumps in the MSC from one period to the other so that the ANC coverage is very misleading and rather irresponsible (from minimum to maximum was the example) - but this is simply my personal opinion. This is already discussed in another post and will not be repeated here.
Some members who think they are very hip in mathematics and finances often demand interest payments on contributions. May I ask these members to please temper their arrogance and think about not being too da*n selfish. They should also think about trying to get a private insurance policy - on retirement - and see if they can get a rate as good as that of the SSS.
Most people think that SSS exists for themselves. They demand huge increases without thinking of the consequences.
Wake up people.
SSS is a form of social taxation. The higher paying members subsidize the lower paying members.
Friends and acquaintances who are rich and famous shrug off SSS pensions, calling it useless.
Money, my dear friends, is never useless
note: there is an increase in funeral grant that is not yet reflected in this summary
you can find this same table on the sss website
click here to view the table on the sss website
Most people think that SSS exists for themselves. They demand huge increases without thinking of the consequences.
Wake up people.
SSS is a form of social taxation. The higher paying members subsidize the lower paying members.
Friends and acquaintances who are rich and famous shrug off SSS pensions, calling it useless.
Money, my dear friends, is never useless
note: there is an increase in funeral grant that is not yet reflected in this summary
you can find this same table on the sss website
click here to view the table on the sss website
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