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Showing posts with label beneficiaries. Show all posts
Showing posts with label beneficiaries. Show all posts

Wednesday, October 9, 2013

Hierarchy of SSS Beneficiaries - as explained by a lawyer in SSS

Did you see Julie Y. Daza's article Seriously, SSS? last 1 October 2013?

An SSS lawyer filled in some information that was missed by the SSS PCEO at his last presscon at Sofitel.

the hierarchy in awarding SSS benefits goes ----

1. spouse and minor children - these are called primary beneficiaries
2. parents
3. designated beneficiary - this is any named person specified by the member
     it does NOT matter if the beneficiary is not related to the member
     could be a friend
4.  siblings
5.  matured/of-age children

********** in response to
who gets the death benefits when an sss member dies
the amount of the death benefit for a single member is the lump sum of 5 years of pension less whatever pension has been released -
for a married member - the spouse gets a lifetime pension - called a survivorship pension provided the spouse remains single and unattached.  Minor children receive 10% of the monthly pension or 250 pesos, whichever is larger.
incapacitated children have a pension for as long as he/she is alive.