training workshop on accounts management

NON-MEDICAL BENEFITS

Training Workshop on Accounts Management August 2014 For Account Officers

RETIREMENT


RETIREMENT BENEFIT

• CASH BENEFIT PAID TO A MEMBER

WHO CAN NO LONGER WORK DUE TO

OLD AGE.

QUALIFYING CONDITIONS

• WITH AT LEAST 120 MONTHLY CONTRIBUTIONS PRIOR TO THE SEMESTER OF RETIREMENT

• 60 YEARS OLD OR 55 YEARS OLD (IF UNDERGROUND MINEWORKER), UNEMPLOYED/CEASED TO BESELF-EMPLOYED OR

• 65 YEARS OLD OR 60 YEARS OLD (IF UNDERGROUND MINEWORKER), WHETHER EMPLOYED/ SELF EMPLOYED OR NOT

• A RETIREE HAS THE OPTION TO RECEIVE THE FIRST 18 MONTHLY PENSION IN LUMP SUM DISCOUNTED AT A PREFERENTIAL RATE OF INTEREST TO BE DETERMINED BY SSS.

THE DEPENDENTS PENSION AND 13TH MONTH PENSIONS ARE EXCLUDED FROM THE ADVANCE 18 MONTHS PENSION

• LUMP SUM BENEFIT IS PAID TO A RETIREE WHO HAS NOT PAID THE REQUIRED 120 MONTHLY CONTRIBUTIONS

LUMP SUM BENEFIT IS EQUAL TO THE TOTAL CONTRIBUTIONS PAID BY THE MEMBER AND EMPLOYER INCLUDING INTEREST

THE DATE OF RETIREMENT SHALL BE THE LATEST OF THE FOLLOWING:

DATE OF 60TH BIRTHDAY OR 55TH BIRTHDAY FOR UNDERGROUND MINE WORKER, IF ALREADY SEPARATED FROM EMPLOYMENT OR CEASED TO BE SELF- EMPLOYED;

DATE OF SEPARATION FROM EMPLOYMENT IF ALREADY 60 TO 64 YEARS OLD OR 55 TO 59 YEARS OLD IF UNDERGROUND MINE WORKER;

ON THE 65TH BIRTHDAY WHETHER EMPLOYED/SELF- EMPLOYED OR NOT;

MONTH AFTER THE SEMESTER OF THE 120TH

CONTRIBUTION; OR

MONTH FOLLOWING THE LAST CONTRIBUTION AS VOLUNTARY MEMBER IF THE LAST CONTRIBUTION IS NOT THE 120TH QUALIFYING CONTRIBUTION.

• PROPERLY FILLED-OUT RETIREMENT CLAIM

APPLICATION & MEMBER’S/CLAIMANT’S PHOTO

SIGNATURE CARD

• SS CARD/PASSPORT OR TWO VALID IDS AT LEAST ONE

(1) WITH PHOTO AND BOTH WITH SIGNATURE

• SINGLE SAVINGS ACCOUNT PASSBOOK/ATM OR VISA

CASH CARD ENROLLMENT FORM (IF PENSION) COPY OF THE INITIAL DEPOSIT SLIP - IF NAME OF

MEMBER IS NOT EMBOSSED IN THE ATM CARD OR IT IS NOT YET AVAILABLE

REQUIREMENTS

REQUIREMENTS

Office Order No. 2013 – 026• Submission of Birth Certificate/Proof of Date

of Birth shall be required upon filing of retirement claim

- if not available, shall accept retirement claim application and issue an advisory.

REQUIREMENTS

EMPLOYED MEMBER:

• CERTIFICATION OF SEPARATION FROM LAST EMPLOYER FOR MEMBERS LESS THAN 65 YEARS OLD (IF CERTIFICATION PORTION OF THE RETIREMENT APPLICATION IS NOT ACCOMPLISHED BY LAST EMPLOYER)

REQUIREMENTS

EMPLOYED MEMBER:

• AFFIDAVIT OF SEPARATION (SS FORM E-417), IN THE ABSENCE OF EMPLOYER'S CERTIFICATION OF SEPARATION INDICATING ANY OF THE FOLLOWING REASON/S, :

EMPLOYER/COMPANY NO LONGER EXISTS THE EMPLOYEE HAS AN ADMINISTRATIVE CASE WITH

HIS/HER EMPLOYER THE EMPLOYEES ARE ON STRIKE CERTIFICATION ISSUED BY THE EMPLOYER STATING

THAT EMPLOYEE’S RECORD ARE NO LONGER AVAILABLE

THE EMPLOYER’S LOCATION IS SITUATED UNDER DANGER/CALAMITY ZONES (E.G. WAR-TORN OR DEVASTATED BY A CALAMITY)

REQUIREMENTS

SELF-EMPLOYED MEMBERS LESS THAN 65 YEARS OLD :

• CERTIFICATION OF NON-PRACTICE OF PROFESSION /NON-

RENEWAL OF BUSINESS PERMIT/LICENSE FROM APPLICABLE

OFFICES (e.g. BUSINESS PERMIT AND LICENSING OFFICE,

PROFESSIONAL REGULATIONS COMMISSION); OR

• CERTIFICATION OF CESSATION OF BUSINESS/NO EARNINGS

ISSUED BY THE BARANGAY OFFICIALS WHERE THE BUSINESS

WAS LOCATED OR PLACE OF RESIDENCE AND AFFIDAVIT OF

UNDERTAKING STATING CESSATION OF BUSINESS/PRACTICE OF

PROFESSION/NO EARNINGS

REQUIREMENTS

UNDERGROUND MINEWORKERS:

• CERTIFICATION FROM THE EMPLOYER/S THAT THE MEMBER WAS AN UNDERGROUND MINEWORKER FOR AT LEAST 5 YEARS (EITHER CONTINUOUS OR ACCUMULATED PRIOR TO THE SEMESTER OF RETIREMENT) INDICATING THE PERIOD OF EMPLOYMENT WITH THE COMPANY

• WORKER'S JOB DESCRIPTION

Note: ACTUAL DATE OF RETIREMENT SHOULD NOT BE EARLIER THAN MARCH 13, 1998 AND MUST BE AN UNDERGROUND MINEWORKER FOR AT LEAST 5 YEARS

EMPLOYER MUST BE DULY REGISTERED WITH THE BUREAU OF MINES

REQUIREMENTS

IF WITH DEPENDENT CHILDREN:

• MARRIAGE CERTIFICATE• CERTIFIED TRUE COPY OF BIRTH CERTIFICATE OF

LEGITIMATE, LEGITIMATED OR LEGALLY ADOPTED DEPENDENT CHILDREN DULY REGISTERED WITH LCR/NSO IF BIRTH CERTIFICATE IS NOT AVAILABLE - CERTIFIED

TRUE COPY OF THE BAPTISMAL CERTIFICATE DULY REGISTERED WITH THE PARISH/CHURCH TOGETHER WITH THE CERTIFICATION OF NON-AVAILABILITY OF RECORD OF BIRTH FROM LCR/NSO

NOTE: BAPTISMAL CERTIFICATE MUST BEAR THE ORIGINAL SIGNATURE OF THE PARISH PRIEST OR HIS AUTHORIZED SIGNATORY OFFICIAL. STAMPED SIGNATURE IS NOT ACCEPTABLE.

REQUIREMENTS

IF WITH DEPENDENT CHILDREN:• IF BAPTISMAL CERTIFICATE IS NOT AVAILABLE (WITH

CERTIFICATION OF NON-AVAILABILITY FROM THE PARISH/CHURCH)o SECONDARY PROOFS OF DATE OF BIRTH, ANY OF THE FF:

• SCHOOL CARDS/RECORDS OF DEPENDENT• EDUCATIONAL/ INSURANCE PLAN• EMPLOYMENT RECORDS OF MEMBER• PHILHEALTH/GSIS/PAG-IBIG RECORDS (WHERE NAME

AND DATE OF BIRTH OF DEPENDENT CHILDREN ARE INDICATED)

REQUIREMENTS


• PROOFS OF FILIATION FOR ILLEGITIMATE DEPENDENT CHILDREN (FOR DATE OF RETIREMENT ON OR AFTER MAY 24, 1997), ANY ONE OF THE FOLLOWING: RECORDS OF BIRTH WILL STATEMENT BEFORE A COURT OF RECORD ANY AUTHENTIC WRITING (LETTER, DIARY, SCHOOL

CARDS/RECORDS OF DEPENDENT, EDUCATIONAL/ INSURANCE PLAN, EMPLOYMENT RECORDS OF MEMBER, PHILHEALTH/GSIS/PAG-IBIG RECORDS WHERE NAME AND DATE OF BIRTH OF DEPENDENT CHILDREN ARE INDICATED)

REQUIREMENTS


• MEDICAL CERTIFICATE OF INCAPACITATED DEPENDENTS, IF

ANY

• LEGAL ADOPTION PAPERS FOR LEGALLY ADOPTED CHILD/

CHILDREN

REQUIREMENTS

IF CLAIM IS FILED BY A REPRESENTATIVE :

• LETTER OF AUTHORITY OR SPECIAL POWER OF ATTORNEY

(SPA)

• VALID ID'S OF MEMBER AND REPRESENTATIVE

NOTE:• VALIDITY OF SPA IS 6 MONTHS IF EXECUTED WITHIN THE

PHILS. AND 1 YEAR IF OUTSIDE THE PHILS.

• THE REPRESENTATIVE WITH SPA MAY SIGN IN BEHALF OF THE MEMBER IF HE IS AUTHORIZED BY THE MEMBER TO SIGN ANY DOCUMENT IN HIS BEHALF.

THE BASIS OF THE COMPUTATION OF THE MONTHLY PENSION ARE AS FOLLOWS:

THE NUMBER OF DEPENDENT CHILDREN, IF ANY

• THE AVERAGE MONTHLY SALARY CREDIT;

• THE NUMBER OF CREDITED YEARS OF SERVICE (CYS); AND

FORMULA IN THE COMPUTATIONOF THE OF MONTHLY PENSION:

THE HIGHEST OF:

• MINIMUM PENSION P1,200.00 FOR MEMBERS WITH AT LEAST

10 CREDITED YEARS OF SERVICE (CYS) 2,400.00 FOR MEMBERS WITH AT LEAST

20 CREDITED YEARS OF SERVICE

• P300 + (20% x AMSC) + [2% x AMSC x (CYS - 10)]

• 40% x AMSC

1) AMSC = SUM OF THE LAST SIXTY (60)

MONTHLY SALARY CREDITS

IMMEDIATELY PRECEDING THE

SEMESTER OF CONTINGENCY

---------------------------------------------------

60

COMPUTATION OF THE AVERAGE MONTHLY SALARY CREDIT (AMSC):

THE HIGHER BETWEEN NO.1 AND NO. 2 WILL BE USED IN THE COMPUTATION OF THE MONTHLY PENSION

2) AMSC = THE SUM OF ALL THE MONTHLY

SALARY CREDITS PAID PRIOR TO

THE SEMESTER OF CONTINGENCY

---------------------------------------------------

THE NUMBER OF MONTHLY

CONTRIBUTIONS PAID IN THE

SAME PERIOD

CYS = A + B + C

C = TOTAL NUMBER OF CONTRIBUTIONS PAID

BEGINNING JANUARY 2002 DIVIDED BY 12

CREDITED YEARS OF SERVICE (CYS) EFFECTIVE JANUARY 2002

A = 1985 MINUS THE CALENDAR YEAR

OF COVERAGE

B = NUMBER OF YEARS WITH AT LEAST 6 MONTHLY CONTRIBUTIONS FROM 1985 TO 2001

SEMESTER OF CONTINGENCY

c

B

SAMPLE COMPUTATION OF RETIREMENT BENEFIT PENSION:

DATE OF RETIREMENT: 10/01/2013

AMSC (from July 2008 to June 2013) = 900,000/60 = 15,000

CYS

A (1985 minus 1974) = 11

B (January 1985 to December 2001) = 17

C (January 2002 to June 2013) = 138/12 = 11.5

CYS = A + B + C = 39.50

MP = P300 + (20% x AMSC) + [(2% x AMSC) x (CYS - 10)]

= P300 + (.20 x 15,000) + [(.02 x 15,000) x (39.50 – 10)]

= P300 + 3000 + (300 x 29.50)

= P3,300 + 8,850

= P12,150

DEPENDENTS’ PENSION

PAID FOR EACH LEGITIMATE, LEGITIMATED, LEGALLY ADOPTED AND ILLEGITIMATE CHILDREN BELOW 21 YEARS OLD:

UNMARRIED;

NOT GAINFULLY EMPLOYED;

IF OVER 21 YEARS OF AGE, CONGENITALLY OR WHILE STILL A MINOR HAS BEEN DIAGNOSED AS PERMANENTLY INCAPACITATED AND INCAPABLE OF SELF-SUPPORT, PHYSICALLY OR MENTALLY

DEPENDENT’S PENSION

• 10% OF THE BASIC MONTHLY PENSION

or

• P250.00

WHICHEVER IS HIGHER BETWEEN THE FOLLOWING:

ONLY 5 DEPENDENT CHILDREN BEGINNING FROM

THE YOUNGEST ARE ENTITLED TO DEPENDENT’S

PENSION. NO SUBSTITUTION IS ALLOWED.

IF THERE ARE MORE THAN 5 DEPENDENTS, THE

LEGITIMATE, LEGITIMATED, OR LEGALLY ADOPTED

CHILDREN SHALL BE PREFERRED.

• THE DEPENDENT'S PENSION FOR EACH CHILD STOPS IF:

HE OR SHE REACHES 21 YEARS OLD;

GETS MARRIED;

GETS EMPLOYED; AND

DIES

• THE MONTHLY PENSION SHALL BE SUSPENDED UPON THE RE-EMPLOYMENT OR RESUMPTION OF SELF-EMPLOYMENT OF A RETIRED MEMBER WHO IS LESS THAN 65 YEARS OLD, OR LESS THAN 60 YEARS OLD IF UNDERGROUND MINE WORKER

THE MEMBER SHALL AGAIN BE SUBJECTED TO COMPULSARY COVERAGE

• AT 65 YEARS OLD, WHETHER EMPLOYED OR NOT, HE CAN ALREADY CLAIM FOR RETIREMENT BENEFIT

• GUARANTEED FOR FIVE (5) YEARS

MONTHLY PENSION IS:

• TRANSFERRABLE UPON DEATH OF

PENSIONER TO THE PRIMARY BENEFICIARIES

PRIMARY BENEFICIARIES ARE THE FOLLOWING:

• DEPENDENT SPOUSE UNTIL HE OR SHE REMARRIES

• DEPENDENT LEGITIMATE, LEGITIMATED OR LEGALLY ADOPTED AND ILLEGITIMATE

CHILDREN WHO IS UNMARRIED, NOT GAINFULLY EMPLOYED AND HAS NOT REACHED 21 YEARS OF AGE

IF OVER 21 YEARS OF AGE, HE IS CONGENITALLY OR WHILE STILL A MINOR HAS BEEN PERMANENTLY INCAPACITATED AND INCAPABLE OF SELF-SUPPORT, PHYSICALLY OR MENTALLY

UPON THE DEATH OF A RETIREE PENSIONER

• HIS PRIMARY BENEFICIARIES SHALL BE ENTITLED TO 100% OF HIS MONTHLY PENSION PLUS THE DEPENDENT PENSION.

• IF HE HAS NO PRIMARY BENEFICIARIES AND HE DIES WITHIN 60 MONTHS FROM THE START OF HIS MONTHLY PENSION, HIS SECONDARY BENEFICIARIES SHALL BE ENTITLED TO THE BALANCE OF THE FIVE (5) YEAR GUARANTEED PERIOD EXCLUDING THE DEPENDENTS PENSION

• FUNERAL BENEFIT EQUIVALENT TO P20,000 TO HELP DEFRAY THE COST OF FUNERAL EXPENSES

FUNERAL


FUNERAL BENEFIT

FUNERAL GRANT OF P20,000

• PAID TO HELP DEFRAY FUNERAL EXPENSES

UPON THE DEATH OF A MEMBER.

PAID TO THE PERSON WHO SHOULDERED

THE FUNERAL EXPENSES

• DULY REPORTED FOR COVERAGE, IF EMPLOYED

MEMBER

• WITH AT LEAST ONE MONTHLY CONTRIBUTION, IF SELF-

EMPLOYED MEMBER

QUALIFYING CONDITIONS

REQUIREMENTS

• PROPERLY FILLED-OUT FUNERAL CLAIM APPLICATION WITH SINUMPAANG SALAYSAY (FILER’S AFFIDAVIT)

• CERTIFIED TRUE COPY OF THE DEATH CERTIFICATE OF DECEASED MEMBER DULY REGISTERED WITH THE LOCAL CIVIL REGISTRAR/NATIONAL STATISTICS OFFICE (NSO)

• OFFICIAL RECEIPT FROM THE FUNERAL PARLOR

ADDITIONAL REQUIREMENTS

IF CAUSE OF DEATH IS WORK-CONNECTED:

• REPORT OF DEATH (SS FORM BPN-105) DULY SIGNED BY THE

EMPLOYER

• CERTIFIED TRUE COPY OF THE PAGE OF THE COMPANY LOGBOOK

OR ANY OTHER DOCUMENT CONTAINING THE ENTRY FOR THE

PARTICULAR SICKNESS OR ACCIDENT

ADDITIONAL REQUIREMENTS

IF CAUSE OF DEATH IS WORK-CONNECTED

ADDITIONAL SUPPORTING DOCUMENTS:

• ACCIDENT REPORT SIGNED BY THE WORKER’S IMMEDIATE

SUPERVISOR AND PERSONNEL MANAGER, IN CASE THE ACCIDENT

HAPPENED WITHIN THE COMPANY PREMISES; RECORD OF

CONSULTATION OR HOSPITAL REPORT, IF ACCIDENT HAPPENED

OUTSIDE COMPANY PREMISES

• POLICE REPORT ON THE ACCIDENT

DEATH


DEATH BENEFIT

• CASH BENEFIT (MONTHLY PENSION OR

LUMPSUM) GIVEN TO COMPENSATE

FOR LOSS OF SUPPORT FROM

MEMBER.

• PROPERLY FILLED-OUT DEATH CLAIM APPLICATION, MEMBER’S/CLAIMANT’S PHOTO & SIGNATURE CARD WITH SINUMPAANG SALAYSAY (FILER’S AFFIDAVIT) AND

SSS FORM CLD 1.3A – IF CLAIMANTS ARE PRIMARY OR SECONDARY BENEFICIARIES;

SSS FORM CLD 1.3 – IF CLAIMANTS ARE DESIGNATED BENEFICIARIES OR LEGAL HEIRS

• CLAIMANT’S SS CARD/PASSPORT OR TWO VALID IDS AT LEAST ONE (1) WITH PHOTO

• SINGLE SAVINGS ACCOUNT PASSBOOK/ATM OR VISA CASH CARD ENROLLMENT FORM (IF PENSION)

COPY OF THE INITIAL DEPOSIT SLIP - IF NAME OF CLAIMANT IS NOT EMBOSSED IN THE ATM CARD OR IT IS NOT YET AVAILABLE

REQUIREMENTS

PRIMARY BENEFICIARIES

• SPOUSE AND DEPENDENT LEGITIMATE/LEGITIMATED AND LEGALLY ADOPTED CHILDREN

CERTIFIED TRUE COPY OF THE DEATH CERTIFICATE OF DECEASED MEMBER DULY REGISTERED WITH THE LOCAL CIVIL REGISTRAR/NATIONAL STATISTICS OFFICE (NSO)

CERTIFIED TRUE COPY OF MARRIAGE CONTRACT/ CERTIFICATE WITH DECEASED MEMBER DULY REGISTERED WITH LCR/NSO

CERTIFIED TRUE COPY OF BIRTH CERTIFICATE OF DEPENDENT CHILD/CHILDREN DULY REGISTERED WITH LCR/NSO

SUPPORTING DOCUMENTS

PRIMARY BENEFICIARIES

• ILLEGITIMATE DEPENDENT CHILD/CHILDREN (IF DATE OF DEATH IS ON OR AFTER 24 MAY 1997)

PROOFS OF FILIATION, ANYONE OF THE FOLLOWING: RECORD OF BIRTH STATEMENT BEFORE A COURT OF RECORD WILL ANY AUTHENTIC WRITING (LETTER, DIARY, SCHOOL

CARDS/RECORDS OF DEPENDENT, EDUCATIONAL/ INSURANCE PLAN, EMPLOYMENT RECORDS OF MEMBER, PHILHEALTH/GSIS/PAG-IBIG RECORDS WHERE NAME AND DATE OF BIRTH OF DEPENDENT ARE INDICATED)


OTHER SUPPORTING DOCUMENTS

IF CAUSE OF DEATH IS WORK-CONNECTED:

• REPORT OF DEATH (SS FORM BPN-105) DULY SIGNED BY THE

EMPLOYER

• CERTIFIED TRUE COPY OF THE PAGE OF THE COMPANY LOGBOOK

OR ANY OTHER DOCUMENT CONTAINING THE ENTRY FOR THE

PARTICULAR SICKNESS OR ACCIDENT

SECONDARY BENEFICIARIES(in the absence of primary beneficiaries)

• DEPENDENT PARENTS

CERTIFIED TRUE COPY OF MARRIAGE CONTRACT/ CERTIFICATE OF PARENTS OF DECEASED MEMBER DULY REGISTERED WITH LCR/NSO

CERTIFIED TRUE COPY OF BIRTH CERTIFICATE OF DECEASED MEMBER DULY REGISTERED WITH LCR/NSO

IF BIRTH CERTIFICATE IS NOT AVAILABLE – CERTIFIED TRUE COPY OF BAPTISMAL CERTIFICATE DULY REGISTERED WITH THE PARISH/CHURCH TOGETHER WITH CERTIFICATION OF NON-AVAILABILITY OF RECORD OF BIRTH FROM LCR/NSO


SECONDARY BENEFICIARIES

• DEPENDENT PARENTS

PROOFS OF DEPENDENCY UPON THE DECEASED MEMBER

JOINT AFFIDAVIT OF TWO PERSONS (PREFERABLY NEAREST RELATIVE OF THE DECEASED MEMBER) ATTESTING THAT THE PARENTS ARE DEPENDENT FOR SUPPORT UPON THE DECEASED MEMBER

IF DECEASED MEMBER WAS A WIDOW/WIDOWER

CERTIFIED TRUE COPY OF THE DEATH CERTIFICATE OF SPOUSE OF DECEASED MEMBER


OTHER SECONDARY BENEFICIARIES (in the absence of primary and secondary beneficiaries)

• DESIGNATED BENEFICIARIES





• DESIGNATED BENEFICIARIES

CERTIFIED TRUE COPY OF DEATH CERTIFICATE OF THE PARENTS OF DECEASED MEMBER DULY REGISTERED WITH LCR/NSO

IF DECEASED MEMBER IS WIDOW/WIDOWER AT THE TIME OF DEATH

CERTIFIED TRUE COPY OF DEATH CERTIFICATE OF THE SPOUSE OF DECEASED MEMBER DULY REGISTERED WITH LCR/NSO


OTHER SECONDARY BENEFICIARIES(in the absence of primary and secondary beneficiaries)

• LEGAL HEIRS





• LEGAL HEIRS

IF DECEASED MEMBER IS MARRIED - CERTIFIED TRUE COPY OF DEATH CERTIFICATE OF THE SPOUSE OF DECEASED MEMBER DULY REGISTERED WITH LCR/NSO; OR

IF DECEASED MEMBER IS SINGLE - CERTIFIED TRUE COPY OF DEATH CERTIFICATE OF THE PARENTS OF DECEASED MEMBER DULY REGISTERED WITH LCR/NSO

CERTIFIED TRUE COPY OF DEATH CERTIFICATE OF THE DESIGNATED BENEFICIARIES DULY REGISTERED WITH LCR/NSO


1. PRIMARY BENEFICIARY/IES:

THE DEATH BENEFIT IS PAID IN ACCORDANCE WITH THE

FOLLOWING ORDER OF PREFERENCE:

DEPENDENT SPOUSE UNTIL HE OR SHE REMARRIES

DEPENDENT LEGITIMATE, LEGITIMATED OR LEGALLY ADOPTED AND ILLEGITIMATE CHILDREN WHO IS UNMARRIED, NOT GAINFULLY EMPLOYED AND HAS NOT REACHED 21 YEARS OF AGE

IF OVER 21 YEARS OF AGE, HE IS CONGENITALLY OR WHILE STILL A MINOR HAS BEEN PERMANENTLY INCAPACITATED AND INCAPABLE OF SELF-SUPPORT, PHYSICALLY OR MENTALLY.

DEPENDENT PARENTS WHO ARE RECEIVING REGULAR SUPPORT FROM THE DECEASED MEMBER

2. SECONDARY BENEFICIARY/IES

ANY OTHER PERSON DESIGNATED BY THE MEMBER AS HIS BENEFICIARY IN MEMBER'S RECORDS (E-1/E-4)

3. DESIGNATED BENEFICIARY/IES

4. LEGAL HEIRS OF DECEASED MEMBER

TYPES OF BENEFITS:

• MONTHLY PENSION

THIS IS GIVEN TO THE PRIMARY BENEFICIARIES IF THE DECEASED MEMBER HAS PAID AT LEAST 36 MONTHLY CONTRIBUTIONS PRIOR TO THE SEMESTER OF DEATH.

• LUMP SUM

THIS IS GIVEN TO THE PRIMARY BENEFICIARIES IF THE DECEASED MEMBER HAS PAID LESS THAN 36 MONTHLY CONTRIBUTIONS PRIOR TO THE SEMESTER OF DEATH.

SECONDARY, DESIGNATED BENEFICIARIES AND

LEGAL HEIRS ARE ENTITLED TO THE LUMP SUM

BENEFIT ONLY.

MINIMUM MONTHLY PENSION IS:

• P2,400.00 IF WITH AT LEAST 20 CYS

• P1,000.00 IF WITH LESS THAN 10 CYS

• P1,200.00 IF WITH AT LEAST 10 CYS

IN CASE THE DECEASED MEMBER IS SURVIVED BY LESS THAN FIVE (5) LEGITIMATE, LEGITIMATED OR LEGALLY ADOPTED CHILDREN, THE ILLEGITIMATE MINOR CHILDREN SHALL BE ENTITLED TO:

50% OF THE SHARE OF THE LEGITIMATE, LEGITIMATED OR LEGALLY ADOPTED CHILDREN IN THE BASIC PENSION; AND 100% OF THE DEPENDENTS’ PENSION

EXAMPLE:

BENEFICIARIES: LEGITIMATE SPOUSE AND 4 LEGITIMATE CHILDREN 1 ILLEGITIMATE CHILD

COMPUTATION:

IF MONTHLY PENSION = P2,400.00

= 2,400/5.5

= P436.36 - each spouse & legitimate

children

+ 250.00 - minimum dependent’s

pension

= P686.36 - total amount due each

legitimate child

Monthly Pension of Spouse - P436.36

Monthly Pension of 4

Legitimate children - 2,745.44

Total Monthly Pension - 3,181.80

AMOUNT DUE THE ILLEGITIMATE CHILD:

P436.36 x .5 = P 218.18

= + 250.00 – minimum dependent’s

pension

= P 468.18 – total monthly pension

EXAMPLE:

BENEFICIARIES: LEGITIMATE SPOUSE 5 ILLEGITIMATE CHILDREN

COMPUTATION:

IF MONTHLY PENSION = P2,400.00

= 2,400/6

= P400.00- each spouse &

illegitimate children

+ 250.00 - minimum dependent’s

pension

= P650.00 - total amount due each

illegitimate child

Monthly Pension of Spouse - P400.00

Monthly Pension of 5 illegitimate children:

P650.00 x 5 = P3,250.00

IF THERE ARE MORE THAN FIVE DEPENDENTS, THE LEGITIMATE, LEGITIMATED OR LEGALLY ADOPTED CHILDREN SHALL BE PREFERRED.

IF THE DECEASED MEMBER HAS PAID LESS THAN36 MONTHLY CONTRIBUTIONS PRIOR TO THE SEMESTER OF DEATH, HIS PRIMARY BENEFICIARIES SHALL BE ENTITLED TO LUMPSUM BENEFIT WHICH SHALL BE THE HIGHER OF:

• MONTHLY PENSION TIMES THE NUMBER OF MONTHLY CONTRIBUTIONS PAID PRIOR TO THE SEMESTER OF DEATH; OR

• 12 TIMES THE MONTHLY PENSION

MINIMUM LUMP SUM BENEFIT FOR SECONDARY BENEFICIARIES

(IF THE DECEASED MEMBER HAS PAID AT LEAST 36 MONTHLY CONTRIBUTIONS PRIOR TO THE SEMESTER OF DEATH)

• P1,000.00 x 36 = P36,000.00 (with less than 10 CYS)

• P1,200.00 x 36 = P43,200.00 (with at least 10 CYS)

• P2,400.00 x 36 = P86,400.00 (with at least 20 CYS)


EC – DEATH – Pension is 15 % higher than theRegular Pension

A. PRIMARY SSS EC FUNERAL

LESS THAN < 36

LUMPSUM MONTHLY PENSION (1 contribution) SSS- 20 THEC – 10 TH

MORE THAN > 36

MONTHLY PENSION MONTHLY PENSION (1 contribution) SSS- 20 THEC – 10 TH

B. SECONDARY

LESS THAN < 36

LUMPSUM MONTHLY PENSION - 5 YEARS SSS- 20 THEC – 10 TH

MORE THAN>36

LUMPSUM MONTHLY PENSION - 5 YEARS

SSS- 20 THEC – 10 TH

ANNUAL CONFIRMATION OF

PENSIONERS (ACOP)


OBJECTIVE:

To ensure continuous payment of benefits to rightful payees

POLICY:OFFICE ORDER 2013-008 (FEBUARY 27, 2013)

A. All total disability, retiree and survivor pensioners shall be required to present themselves for ACOP during their month of birth, as follows:

• Retiree and total disability pensioners – month of birth

• Survivor pensioner – month of birth of the deceased member

B. Pensioners who shall comply six (6) months before their month of birth shall be allowed as early compliance.

C. Non-compliance with ACOP shall result to automatic suspension of pension based on the following schedule, as shown below:

Type of Pensioner Schedule of Suspension

Total disability pensioners A month after the month of birth

Retiree and survivor pensioners receiving pension through check

A month after the month of birth

Retiree and survivor pensioners receiving pension through bank

2 months after the month of birth to give banks one month within which to submit to SSS the result of ACOP compliance

Total disability pensioners who are 80 years old and above and those with particular illness

3 months after the month of birth

REQUIRED DOCUMENTS1. Personal Compliance

Accomplished ACOP Form; and SS card or two valid IDs, both with signature and

at least one with photo

2. Through representative or mail - Unable to report personally

Accomplished ACOP Form; and SS card or two valid IDs of pensioner,

both with signature and at least one with photo; and

3. Through SSS Official/ Regular Employee• Accomplished ACOP Form Certified by SSS

Official/ Regular Employee

FORMS• Annual Confirmation of Pensioners-

Pensioner’s Reply (ACOP Form)• Annual Confirmation of Pensioner’s

Form- Certified by SSS Official/Employee

• Physical Examination Form• Medical Fieldwork Service Form

ISSUES REMARKS /ACTION TAKEN

1. Resumption of pensions Pensions will be resumed on the following month if compliance would be encoded prior the pension run:• 5th of the month (Regular

Pension Run)• 20th of the month (Special

Pension Run)

2. Pension’s resumption date Can be accessed/ viewed thru WINS

FREQUENTLY ASKED QUESTIONS

ISSUES REMARKS /ACTION TAKEN

3. Multiple payees• Not all payees complied to ACOP

ACOP compliance to be forwarded to concerned Processing Center. For payment of pension to payee who complied to ACOP under Special Pension System

4. Use of DDR-2 (Pensioner’s Data Change Request)

No longer necessary.

training workshop on accounts management

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