5

Contributions/ Fees

Bianca Alana Hizon Limjuco

Mandatory for the member &

the ER to pay the monthly
contributions.

1. EE's Contribution Beginning

as of the last day of the calendar
month when an EE's compulsory
coverage takes effect & every
month thereafter during his
employment, the ER shall deduct
& withhold from such EE's
monthly salary, wage,
compensation or earnings, the
EE's contribution in an amount
corresponding to his salary,
wage, compensation or earnings
during the month.
2. ER's Contributions Beginning
as of the last day of the month
when an EE's compulsory
coverage takes effect & every
month thereafter during his
employment, his ER shall pay,
with respect to such covered EE,
the ER's contribution in
accordance with the schedule
indicated in Section Eighteen of
this Act. Notwithstanding any
contract to the contrary, an ER
shall not deduct, directly or
indirectly, from the compensation
of his EEs covered by the SSS or
otherwise recover from them the
ER's contributions with respect to
such EEs.
3. The contributions to the SSS of
the self-employed member shall
be determined in accordance with
Section Eighteen of this Act.

Agrarian Law & Social Legislation

All members who can afford to

pay shall contribute to the Fund,
in accordance with a reasonable,
equitable & progressive
contribution schedule to be
determined by the Corporation
on the basis of applicable
actuarial studies & in
accordance with the following
guidelines:
(a) Members in the formal
economy & their ERs shall
continue paying the same
monthly contributions as
Provided for by law until such
time that the Corporation shall
have determined a new
contribution schedule: Provided,
That their monthly contributions
shall not exceed (5%) of their
respective monthly salaries.
It shall be mandatory for all
government agencies to include
the payment of premium
contribution in their respective
annual appropriations: Provided,
further, That any increase in the
premium contribution of the
national government as ER shall
only become effective upon
inclusion of said amount in the
annual General Appropriations
Act.
(b) Contributions from members
in the informal economy shall be
based primarily on household
earnings & assets. Those from
the lowest income segment who
do not qualify for full subsidy
under the means test rule of the
DSWD shall be entirely
subsidized by the LGUs or
through cost sharing
mechanisms between/among
LGUs &/or legislative sponsors
&/or other sponsors &/or the
member, including the national

member, to be paid to him, his

estate or beneficiaries upon
termination of membership, or
from which peripheral benefits
for the member may be drawn.
Coverage of the Fund &/or
the payment of monthly
contribution to the same may
be rules & resolutions of the
Board of Trustees be waived
or suspended by reasons of
nature of employment,
condition of business, ability to
make contributions & other
reasonable considerations.

Atty. Berne Guerrero

Benefits
&
Rules on Entitlement

SIMILARITIES

DIFFERENCE

Bianca Alana Hizon Limjuco

1. Monthly pensions;
2. Retirement benefits;
3. Permanent disability benefits;
4. Death benefits;
5. Funeral benefits;
6. Loan grant
1. Temporary disability
benefits;
2. Separation benefits;
3. Unemployment/
involuntary separation benefits;
4. Survivorship benefits; &
5. Life insurance benefits.
1. Retirement Benefits
(1) has rendered at least 15 yrs
of service;
(2) at least 60 yrs of age at the
time of retirement; &
(3) not receiving a monthly
pension benefit from
permanent total disability.
2. Unemployment benefits paid to a permanent EE who is
involuntarily separated from the
service due to the abolition of
his office or position usually
resulting from reorganization:
Provided, That he has been
paying integrated contributions

government: Provided, That the

identification of beneficiaries who
shall receive subsidy from LGUs
shall be based on a list to be
Provided by the DSWD through
the same means test rule or any
other appropriate statistical
method that may be adopted for
said purpose.
(c) Contributions made in behalf
of indigent members shall not
exceed the minimum
contributions for employed
members.
(d) The required number of
monthly premium contributions
to qualify as a lifetime member
may be increased by the
Corporation to sustain the
financial viability of the Program:
Provided, That the increase shall
be based on actuarial estimate &
study.

1. Sickness benefits;
2. Maternity leave benefits; &
3. Dependents pension.

1. Retirement Benefits. (a)

member who has paid at least
120 monthly contributions prior to
the semester of retirement & who
(1) has reached the age of 60 yrs
& is already separated from
employment or has ceased to be
selfemployed or (2) has reached
the age of 65 yrs, shall be entitled
for as long as he lives to the
monthly pension: Provided, That
he shall have the option to
receive his first 18 monthly
pensions in lump sum discounted
at a preferential rate of interest to
be determined by the SSS.

Agrarian Law & Social Legislation

A member whose premium

contributions for at least (3)
months have been paid within
(6) months prior to the first day
of availment, including those of
the dependents, shall be entitled
to the benefits of the Program:
Provided, That such member
can show that contributions have
been made with sufficient
regularity: Provided, further,
That the member is not currently
subject to legal penalties as
Provided for in Section 44 of this
Act.
The following need not pay the

Provident (savings) benefits

claim:
Pag-IBIG Fund guarantees the
refund of member's total
accumulated savings (TAV),
which consists of the
member's accumulated
contributions, the ER
counterpart contributions, if
any, & the dividend earnings
credited to the member's
account upon occurrence of
any of the following grounds
for withdrawal:
1. Membership maturity. The
member must have remitted at

Atty. Berne Guerrero