- 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 can I get my SSS retirement benefits?
Member must be registered in the SSS Website to be able to apply for retirement benefit claim online through the My. SSS portal. 2. Member must have a UMID card enrolled as ATM or an approved disbursement account in the Disbursement Account Enrolment Module (DAEM) in the My.
How much is the SSS retirement benefit?
The minimum monthly Retirement Pension is P1,200 if the member has 120 months contribution or at least ten (10) CYS; or P2,400 if with at least 20 CYS.
Can I file my SSS pension online?
Under the enhanced online filing of RCA, all qualified employee-members, SE, Voluntary Members (VMs), and Land-Based Overseas Filipino Worker (OFW) members shall file the retirement benefit claim online through the My. SSS portal.
How do you start the process of retirement?
Step 1: Define Your Retirement. ... Step 3: Evaluate Your Health — Now. ... Step 4: Determine When to Collect Social Security. ... Step 5: Network Through Social Media and Other Methods. ... Step 6: Decide How Much You Want (or Need) to Work. ... Step 7: Create a Retirement Budget. ... Step 8: Find New Ways to Cut Your Expenses (Start Saving More)More items...
How long does it take to receive lump sum pension?
around four to five weeksHow long does it take to receive a pension lump sum? Usually it will take around four to five weeks from the date of your request for your pension provider to release your lump sum.
Can I withdraw my SSS contribution after 10 years?
However, once you become a covered SSS member, you become a member for life. The contributions that you remit become savings for the future that will serve as basis for the granting of social security benefits in times of contingencies. Membership cannot be withdrawn and contributions paid cannot refunded.
How long does it take to release SSS pension?
The pension run for the resumption of pension shall be every 20th day of the month, and crediting shall be in the following month (e.g., ACOP received and encoded as of 20 September 2020 will be credited to the account of pensioners on 16 October 2020). SSS-RASD DBP's accredited RTC/CPO.
What paperwork do I need for retirement?
What Documents Do You Need to Apply for Retirement Benefits? (En español)Your Social Security card or a record of your number.Your original birth certificate, a copy certified by the issuing agency, or other proof of your age. ... If you were not born in the U.S., proof of U.S. citizenship or lawful alien status.More items...
How long does it take to start receiving Social Security benefits after applying?
The Social Security approval process is relatively speedy, but as it is a government program with a huge number of applicants, you can expect to wait approximately six weeks before you get your approval for benefits. Bear in mind that this timetable only applies if everything runs smoothly.
What should I do when I first retire?
Here are some of our ideas for what to do when you are first retired:Move Somewhere New: Have you ever wanted to live in the country? ... Travel the World: ... Get a Rewarding Part-Time Job: ... Give Yourself Time to Adjust to a Fixed Income: ... Exercise More: