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SSS is a state-run, social insurance program for workers in the private, professional and informal sectors in the Philippines. It provides benefits for death, funeral, maternity, disability, retirement, sickness, unemployment and loans.
The provisions on unemployment benefits were dropped when the legislation was amended in 1957 to prioritize retirement, sickness, disability and death benefits. [ 4 ] Under the 2018 legislation, the benefits are dispensed through a one-time payment to equal to 50 percent of the claimant's monthly salary for a maximum of two months.
GSIS is a Philippine social insurance institution that covers government workers and provides life, retirement, separation and disability benefits. It also administers the General Insurance Fund and has investments in various sectors.
Learn how Social Security calculates your monthly benefit based on your earnings and when you claim. See the average monthly benefits at ages 62, 67, and 70 in 2024.
Endo is a short-term employment practice in the Philippines that involves terminating workers before they become regularized. Learn about its history, types, effects, and government response from this Wikipedia article.
Year of birth. Full retirement age. 1937 and before. 65. 1938-1942. 65 + 2 months for each year past 1937. 1943-1954. 66. 1955-1959. 66 + 2 months for each year past 1954
Pag-IBIG Fund is a government-owned corporation that administers the savings program and affordable housing financing for Filipinos. It covers all Filipino citizens who are or ought to be covered by the Social Security System, and offers various benefits and loans to its members.
Learn how Social Security started as a measure to implement "social insurance" during the Great Depression of the 1930s and how it evolved over time. Find out the origins, design, debates, and controversies of the program that provides benefits to retirees, the unemployed, and others.