SS Manual Verification Results

Heads up.
Some SSS members will be receiving their pension adjustment soonest.
First pass is done.

Update i think will be done in batches, so those of you who were included - you should be getting it really soon.

Manual Verification Update

It seems the manual verification and subsequent realignment of pensions need more time so now it cannot be any earlier than April 2016.

So please extend your patience some more.

In the meantime, make sure you continue with your acop.


UPDATE:::  This may have been moved to May.

P-NOY vetos 2000-across-the-board-SSS-pension increase

It is official.  There is no across-the-board-increase for SSS pensioners.

P-Noy opted for the SSS long-term financial viability rather than the immediate relief of SSS pensioners.

Are you waiting for the SSS Project on Manual Verification?

If yes, well........   SSS has not yet made any announcements regarding the completion of this project.

Members and SSS-watchers will note that SSS said that the target is end of December.  They really didnt promise it would be finished.  As I remember it, it was a best-effort estimate.

Well, perhaps the project isnt quite finished yet.  

I have always thought that it would be better to get the retirement benefits sans the 5-years  and then have the claim readjudicated once the smoke clears.  At least there would already be a pension.

At any rate, just wait for the SSS announcement.

A friend of mine at SSS tells this story about a pensioner who called..... following-up her adjustment and told her that SHE wanted to kill all the SSS employees,

If you are a pensioner, do not threaten the employees.  If you lose their sympathy, then you cant blame them for losing impetous and zeal in seeking a resolution.  More flies with honey, remember.

Reminders for New Pensioners

If you recently retired at age 60, please remember that if you get employed, even just part-time, your pension will be stopped for the duration of your employment.

However, at age 65 - it does not matter. You can work but your pension will continue.  Just make sure your employer no longer will deduct for your SSS.

Did you hear about the SSS Pensioner loans - from PNB?

Here is the relevant press data or should i say picture
Basically, this loan is being offered by PNB so only pensioners whose pension accounts are with PNB can avail of this loan.  So please apply to PNB directly.

Pensioners who wish to transfer their pensions accounts to PNB must first inform SSS, get the new forms, open an account, inform SSS of the new account, and leave the old account open until SSS deposits to the new account.

PENSIONERS: Your pension account must contain only your pension

Some pensioners keep tons of money in their pension account.
First of all, i would like to suggest that your pension account be an ATM account, the easier to withdraw if you, as a pensioner, become incapacitated - for whatever reason.

make sure whoever you entrust your atm card with is a person of integrity. something that is in short supply these days.

did you know that SSS can get the monies in your pension account?
well, the institution can, so be alert.

better to keep a separate account where you accumulate your funds.
Just a suggestion.

SSS Advisory to Pensioners

Just keeping you abreast of news in the Social Security System

Processing times for some transaction types

Manual verification requests can take 3-6 months, sometimes so much longer
DDR - death, disability, retirement depends on whether your case is bad - meaning many corrections - this is why we suggest that you check the correctness of your records way before your retirement so that you will not have any problems when you finally get to retire

some people dont know if their names are spelled correctly  - you have to check or if there are several SS numbers.  there should be only one - just like the highlander

so check early.  check details - your employers, your contributions, your name, addy

btw.

For Pensioners -
Please be informed that there must be 120 contributions to be eligible for a pension.
a would-be pensioner would receive the minimum pension of 1,200.oo if he has at least 120 contributions, at least 10 CYS (Calendar year of service) and if his contributions was at the lowerst level.

The case cited by VP Marissu Bugante about Ms. Agulto is correct.  The lady has 20 CYS, at least 120 contributions at the minimum level so she got 2,400.oo minimum pension.

Note the lady has at least 20 years CYS.  Those who have only 10 CYS get only 1,200.oo
i hope this answers some of the queries SSS has been getting about the minimum pension.

Do read this Manila Standard article by Horace T. Templo

The article talks about several interesting bills that are .... shall we say, laying about Congress

Several bills are on increasing retirement pensions ....
   such as those seeking to raise the SSS minimum from  1,200 to 1,300 then to 3,000, and further to 5,000
of course i have my eyebrows on stun (like Spock's, i mean)
nice bills, but like he says also, sort of doomed to linger .....

there is a similar one for the government employees - which is to use the last pay as basis - same as the Armed Forces.  I just want to say that soldiers have more risks than the usual government employee so i dont think that is exactly kosher .....

The plans for the senior citizens ... housing etc... is similar to the US Federal grant for seniors, there is special housing for seniors, but one has to queue for it.  i've seen some of these residences in the US, and the well-run ones are certainly very nice.

i do miss though plans for the disabled, i am of course, one of them.
and i have gone on small rants in this bkig about broken promises from P-Noy about this.
So much for equal opportunity for the disabled  ....  there is not even a tax break for the disabled, there should be - to encourage the disabled to work, and not wait for hand-outs.  i think the disabled should be granted double the exemptions of regular people -

paging P-Noy and his supporters, or has he lost a lot of them already?

Do read  Horace's article to see what i mean

Click here to read HTT's article "most-worthy-pending-bill"

Your SSS pension and You

If you are 60 or more and are still employed, you obviously cannot get your SSS pension yet.
If you are 60 and not employed, you can already apply for your SSS pension provided you meet the required 120-months contribution.
If you are 60 and more, and not employed, and lack the 120 contributions, you can still continue to your contributions IF you wish to have a pension.

If you worked in the government sector (and thus had contributions for gsis), dont forget that you can combine the years of contribution for totalization

Portability Law, RA 7699 - encore

i heard someone talking about the Portability Law.  He is lacking only 4 months and 11 days to qualify for the gsis pension -he should have requested the Civil Service to extend his service.  At any rate, now he is retiring using the portability law to qualify.  He was asked (daw) to have SSS issue a certification that says he is not receiving any pension.

My question, why?
the implementing guidelines (click below) dont say so. so why?
besides, remember issues are to be resolved in the favor of the member.
if you didnt know that, now you do

Click here for the implementing guidelines of the Portability Law or RA 7699https://www.sss.gov.ph/sss/uploaded_images/publications/Potability%20Law.pdf

A Concerned Senior and an SSS Pensioner

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

SSS circular 2013-003 on Age 65 and up is suspended

well, there you have it.  the circular has been suspended/withdrawn per SS Commission meeting held last 5 July 2013

HTT's Friday post on Seniors

Ah.  i had dinner with 2 seniors, one of which was a retired PMA-grad Officer, Alice - one of my best-est friend and her husband Manny, and my other best-est friend Dale (the four of us are from Sayans - of course Main since there was ONLY ONE THEN) to celebrate Alice's birthday.

seems to me that PWDs - Persons With Disability are discriminated against - in terms of what is given to seniors.  Seniors enjoy a 20% discount and all that VAT advantage. Of course they dont get taxed anymore, or most of them dont, since they are usually retired.  Consider a PWD.  He doesnt get the VAT discount.  Also, if he happens to be employed, he does NOT enjoy any tax break - he is taxed as if he was a regular citizen who suffers no burdens. PWDS all suffer burdens of one kind or another .... physically or otherwise.

i was quite happy to note that the retired Officer agreed with me.  He said to his wife, we are just "old"  but the disabled have burdens we dont have.

Did you hear that Mr. President of the Philippines?  isnt that one of your daan na dapat ituwid???




Click here for discussion on the senior citizens -untapped-vote/

HTT's Friday post: Pension comparisons

... he makes public point with points i have been trying to say forever.
there should be the same level of pensions, but even the tinny increase SSS was asking was shot down by Congress and the Senate so ..... will this come to pass?  dont know ,,,,,,,,,

Click here to view HTT's discussion on the private and public sector

Part 2. All member aged 65 and over who lack 120 contribs

This is part 2.








Click here to read SSS Circular-2013-003.pdf

please read as it will affect all would-be pensioners as above.
comment if you have questions