Question: Can I Withdraw My SSS Contribution?

Can I lump sum my SSS contribution?

If with less than 120 monthly contributions, the member shall be entitled to a lump sum amount equivalent to the contributions paid by him/her and on his/her behalf.

The retiree has the option to receive the first 18 months pension in lump sum, discounted at a preferential rate to be determined by the SSS..

How much is Pag Ibig death benefits?

The amount of the death benefit shall depend on his membership status with the Fund at the time of his death. – For active members at the time of death – P6,000, regardless of the amount of TAV. – For inactive members at the time of death – the amount is equivalent to member’s TAV or P6,000, whichever is lower.

What is the retirement age in SSS?

60 years oldA member is qualified to avail of this benefit if: Member is 60 years old, separated from employment or ceased to be self-employed, and has paid at least 120 monthly contributions prior to the semester of retirement.

What is the maximum SSS monthly pension?

Computation of SSS pension is based on the monthly salary credit or the salary level of the member’s total earnings for the month which is up to a maximum of P20,000 per month and the credited years of service or the number years that a member paid his/her SSS contributions.

How long is SSS calamity loan?

7. If release thru UBP Quick Cards: The loan proceeds shall be credited to member-borrower’s account within three (3) to five (5) working days from approval date of the loan. Member-borrowers may avail of UBP Quick Cards at UBP Kiosks located at selected 26 SSS Branches. 9.

Can I withdraw all my SSS contribution?

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 Membership cannot be withdrawn and contributions paid cannot refunded.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 much is the SSS calamity loan?

Loan Amount Members can borrow up to 80% of their Total Accumulated Value (TAV) subject to the terms and conditions of the program. Calamity Loan Interest rate is 5.95% per annum. The loan is amortized over 24 months, with a grace period of 3 months. Paying period begins on the 4th month following their check date.

How do I claim my pag ibig lump sum?

How to claim your Pag-IBIG contributionsVisit the Pag-IBIG branch where your membership records are filed.Submit all basic and condition-specific requirements. Wait for document verification.Receive the Provident Benefits Acknowledgement Receipt.Claim your Pag-IBIG lump sum check in the date indicated in the receipt.

Can I check my PAG IBIG contribution online?

Pag-IBIG members can verify their paid contributions via different channels: … Email: contactus@pagibigfund.gov.ph. Pag-IBIG Fund Facebook page: facebook.com/PagIBIGFundOfficialPage. Personal inquiry at the nearest Pag-IBIG branch.

How much is the SSS retirement benefit?

Benefit Computation The monthly pension will be the highest amount resulting from either one of these three pension formulae: the sum of P300 plus 20 percent of the average monthly salary credit plus two percent of the average monthly salary credit for each credited year of service (CYS) in excess of ten years; or.

When can I stop paying SSS contributions?

You can stop paying contribution after you make a final SSS benefit claim for total disability or retirement. You can file for optional retirement when you’re 60 years old and unemployed. If you’re 65 or older and still working (or not), you’ll qualify for technical retirement and won’t need to pay SSS contribution.

Can I withdraw my Pag Ibig contribution?

a. You can withdraw your entire Pag-IBIG savings (also called provident benefits), which include all your contributions and dividends earned when your membership ends for any of the following reasons: Membership maturity – Twenty years of active Pag-IBIG membership with a total of 240 paid monthly contributions.

How can I process my SSS calamity loan online?

Members must be registered at the My. SSS web portal on the SSS website at www.sss.gov.ph to apply for the loan. Here are other requirements to qualify for the SSS loan: have at least 36 monthly contributions, six of which should be posted within the last 12 months before the application.

Can I apply SSS calamity loan with existing salary loan?

This calamity loan must be fully paid before the member can avail of future calamity loans of SSS. 6. Other terms and conditions in the existing salary loan guidelines not inconsistent with the above provisions shall be applicable in this program.

Can I loan in SSS with existing loan?

Can I apply for another loan from SSS with an existing loan? A. You can only apply for another salary loan when you have paid at least 50% of the principal or at least half of the term has lapsed.

Is SSS calamity loan available now?

As per SSS President and CEO Aurora C. Ignacio, on a news briefing in late March, the calamity loan will be made available for all employed, non-delinquent SSS members nationwide.

Who is eligible for SSS calamity loan?

The following are the qualifications in order for members to apply for the SSS calamity loan: Members who’ve had at least 36 months of contributions; with six (6) posted within the past 12 months on or before the month of application. Home address of the member should be at a declared State of Calamity.

How can I check my SSS calamity loan status?

Via SSS Hotline. Another way to check the SSS loan status is by doing it over the phone. The SSS hotline is 1455 at 1-800-10-2255777 toll-free.