How to compute SSS Sickness Benefit?
- 1. Determine the semester of sickness. First off, let’s talk about the quarter of the year before we define the semester of sickness. There are 4 ...
- 2. Count 12 months backward starting from the month before the semester of sickness.
- 3. Check the 6 highest monthly salary credits of those 12 months.
- 4. Add the 6 highest monthly salary credits and divide those by 180 days to get the average daily salary credit.
- 5. Multiply the daily salary credit by 90% to get the sickness benefit amount.
How to compute your SSS pension?
How to compute SSS Pension. There are three (3) formulas when computing your monthly SSS pension: 1. The sum of P300, add 20% of your average monthly salary credit (AMSC), then add 2% for each credited year of service (CYS) in excess of ten years plus P1,000. P300 + (20% of your AMSC) + [2% of your AMSC x ER (CYS – 10)] + P1,000.
How to compute SSS maternity benefit?
To compute for your SSS maternity benefit, follow the steps below:
- Take the top six highest contributions from the 12 months immediate before the semester of the female worker’s childbirth of miscarriage. ...
- Divide the total MSC by 180 and that is your average salary credit or your daily maternity allowance.
- To get the total amount, simply multiply it to the number of leave days you are entitled to.
How is SSS maternity benefit computed?
- The member must have paid at least three contributions within the span of 12 months before the slated date for childbirth or an accidental miscarriage.
- The agency—that is, SSS—must be informed about the pregnancy whether personally or via the employer.
- The SSS member is not on her fifth or later deliveries or miscarriages. ...
How to claim your SSS retirement benefits?
- Gather the information and documents you need to apply.
- Complete and submit your application.
- We review your application and contact you if we need more information.
- We mail you a decision letter.
- You start receiving your retirement benefits.
How much is SSS sickness claim?
The daily cash allowance is equivalent to 90% of the member's average daily salary credit (ADSC). For example, if the total of member's six highest monthly salary credit (MSC) for the 12 months is P96,000, he will have an ADSC of P533. 33, and 90% of his ADSC will be P480, which is his daily sickness allowance (DSA).
How do you calculate sick leave?
Practically, this means that their sick leave entitlement is calculated by multiplying their regular working days by six – e.g. if an employee works five days a week, they are entitled to 30 days (5 x 6 = 30) of sick leave every 36 months.
When can I claim SSS sickness benefit?
Self-employed and Voluntary members must submit their Sickness Benefit Application Forms to the SSS within five (5) calendar days after the start of confinement, while OFW members are given 35 calendar days to do so after the start of confinement.
How is the amount of EC sickness benefit of the employee calculated?
Computation for EC Benefitexclude the semester of sickness/contingency.select the 6 highest Monthly Salary Credits within the last 12 months preceding the semester of contingency to arrive at the Total Monthly Salary Credit (TMSC)divide the TMSC by 180 to get the Average Daily Salary Credit (ADSC)More items...•
What is SSS sickness benefit?
The SSS Sickness Benefit Program is a daily cash allowance paid for the number of days a qualified member cannot work due to sickness or injury, including workers infected by COVID-19. Members can avail of up to a maximum of 120 days in sickness benefit in one (1) calendar year.
How can I check my SSS sickness benefit online?
Text SSS: Claim Status To check the status of claim, just type the following and send to 2600: SSS STATUS Sickness
Who is eligible for sickness benefit?
Sickness Allowance was a short-term income support payment for people aged 22 years to Age Pension age who have a temporary incapacity due to illness or injury and who have a job or study to return to after their recovery. A medical certificate from a qualified medical practitioner was required to be supplied.
How is SSS lump sum calculated?
Lump sum amount - granted to a retiree who has not paid the required 120 monthly contributions. It is equal to the total contributions paid by the member and by the employer including interest.
What is the maximum daily salary allowance of EC sickness benefit?
The amount of EC TTD / sickness benefits will be increased from a minimum daily income benefit of P10. 00 to P110. 00 and from a maximum daily income benefit of P200. 00 to P480.
How much is the EC claim?
Upon approval of EC claim from the SSS or GSIS, ECC provides cash assistance worth Php 10,000 for disability or sickness claim and Php 15,000 for death claim.
How do I claim ECC benefits?
Claim for EC benefit may be filed at the SSS for private sector employees, and at the GSIS for government employees and uniformed personnel. It is recommended that the claim should be filed at any GSIS or SSS branch nearest to the place of work or residence of the covered employee.
How many days did SSS members get sick in 2012?
Example: An SSS member got sick for 20 days on the month of September 2012. The quarter of sickness will include the months of July, August and September. And the semester of sickness will be from April 2012 to September 2012. The semester of sickness will be excluded in the computation.
What is a quarter in SSS?
1. Exclude the semester of sickness. -A quarter refers to three consecutive months ending March, June, September or December. -A semester refers to two consecutive quarters ending in the quarter of sickness. Example: An SSS member got sick for 20 days on the month of September 2012.
Can you claim sickness benefits on SSS?
SSS members who become sick can claim for sickness benefits. However, the sickness benefit may vary depending on the monthly contribution of the member. For your guide on SSS sickness benefit claim, you may refer to the information and example below.
What is a sickness benefit?
The sickness benefit is the amount or the daily cash allowance paid for the number of days a member is unable to work due to sickness or injury. It’s equivalent to 90% of the member’s average daily salary credit. Member can file.
How to contact SSS disability?
For more information about disability benefits and other SSS Sickness Benefit, you may also contact SSS through email ([email protected]) or phone (7920-6446 to 55 or 7917-7777) or thru the SSS Official Facebook Page.
How long does it take for an employer to reimburse for confinement?
If the employer notifies the SSS beyond five (5) calendar days after receipt of the notification from the EMPLOYEE, the employer shall be reimbursed only for each day of confinement starting from the 10th calendar day immediately preceding the date of notification to SSS.
How long does it take to notify the SSS of a confined person?
Unemployed, self-employed, or voluntary paying members should notify the SSS directly within five (5) calendar days after the start of confinement. Unless such confinement is in a hospital, notification should be made within one (1) year from start of confinement.
How long does a disability claim last?
The sickness benefit shall be paid for not more than 240 days on account of the same illness. If the sickness or injury still persists after 240 days, the claim will be considered a disability claim.
What is a quarter of sickness?
A semester – refers to two consecutive quarters ending in the quarter of sickness. A quarter – refers to three consecutive months ending March , June, September, or December. 2.
What is SBRA form?
1. Sickness Benefit Reimbursement Application (SBRA) Form. 2. Approved SN Form or Certificate of Medical Approval issued by the SSS Medical Evaluation Section. 3. Copy of page of ER’s Logbook (manual logbook or electronic filing) for approved EC claim. 4.
How long can you claim a sickness benefit?
The sickness benefit shall not be paid for more than 240 days on account of the same illness. If the sickness or injury persists after 240 days, the claim will be considered a disability claim.
What is a daily cash allowance?
A daily cash allowance paid for the number of days a member is unable to work due to sickness or injury. Qualifying Conditions. A member is qualified to avail of this benefit if he/she: Is unable to work due to sickness or injury and is confined either in a hospital or at home for at least four (4) days; Has paid at least three (3) months of ...
Forms and other documents
There are a few things that you or your employer need to prepare to file and claim your SSS Sickness benefits. The documents you have to prepare would vary, depending on whether you are employed, self-employed, voluntary member, etc. Here are some of the forms and documents you will need to prepare and submit:
How to File an SBRA for your Employees
Another vital piece of information in the Guide in Filing and Claiming SSS Sickness Benefits is how to file for an SBRA for your employee online. Listed below is the step-by-step process of filing your employee’s SBRA online.
Filing in line with SSS Circular No. 2020-004-b
Due to the Pandemic, the state was under a state of calamity for six months. Additionally, the SSS Calamity Loan Assistance Application provide on it. However, In SSS Circular No. 2020-004-b, a few adjustments were made for the convenience and safety of both employees and members.
How long does it take to pay SSS contribution?
If you plan to avail of an SSS benefit or loan soon, it’s better to pay your contribution at an SSS branch since it will go directly to the system and will be processed faster. Your contribution may get posted within 24 hours. However, be ready to wait up to 3-4 hours in line when you visit the branch during a busy time.
Why do I need to update my SSS contact information?
Updating the contact information in your SSS records allows you to receive not only a PRN every quarter but also notifications and reminders from the SSS. This helps you pay your contributions on time, so you can quickly avail of an SSS benefit or loan when you need it.
What is the MSC in Social Security?
Monthly salary credit (MSC) – The Social Security Law defines the MSC as “the compensation base for contributions and benefits“1. The SSS uses the MSC to compute the required contribution for members based on their monthly income. The higher your monthly earnings, the higher your MSC is.
How many months of contributions are required for death benefit?
Death benefit – At least 36 posted monthly contributions before the semester of member’s death, for the beneficiaries to receive a monthly pension. Unemployment benefit – At least 36 posted monthly contributions, 12 months of which should be within the 18-month period before the month the member loses his/her job.
When do you stand in long lines at SSS?
Expect to stand in long lines in an SSS branch on weekdays during lunch break, especially on the last day of the month when contribution payments are due. At non-bank payment centers, queues can get long right after office hours and every 15th and 30th of the month, when people receive their salary and pay bills.
Is SSS considered self employed?
As defined by S SS, you’re considered a self-employed member if you’re involved in a trade, business, or occupation wherein you are your own boss. Using the SSS contribution table as above, here are the steps to figure out how much your monthly contribution is. 1.
Do kasambahays get deducted from salary?
Contributions of employees, kasambahays, and certain OFWs are deducted from their monthly sala ry and remitted to the SSS (along with the employer’s share of contribution) by their respective employers. Others have to pay their entire contribution.