Introduction:

Our Ethical Standard is all about Social Security System. SSS is a part of government corporations that
helping people provides for replacement of income lost on account on the aforementioned
contingencies. The benefits under the Social Security program are Sickness, Maternity, Disability,
Retirement, Death and Funeral.

Terminologies:

It is the policy of SSS to promote a high standard of ethics, maintain honesty and integrity in public
service and take positive and effective measure to prevent graft and corruption. SSS officials and
employees shall at all times be accountable to the people and shall discharge their duties with
patriotism and justice and lead modest lives and uphold public interest.

Content/ Main Topic:

Nearly every working Filipino in the private sector contributes monthly to the SSS or the Social Security
System fund, but not everyone understand the benefits they qualify for, nor how the system works. It is
an insurance program mandated by the Philippine government to cover all income earners or workers in
the private sector, in contrast, government workers are covered by the GSIS or Government Service
Insurance System.
The SSS basically derives its funds from member’s contribution and investment earnings. Such portion of
the contributions that are not needed for benefit disbursements goes to a Reserve Fund, which is
intended to cover future liabilities in benefit payments of the SSS to its members.

Conclusions:

• Our first conclusion is that the money always exceed outflows because of the fast growth of elderly
population nowadays which means that the SSS will have to make a larger pension payments in the
future.
• Many of Filipinos does not know what are the rules and policy in SSS so that they are always
complaining and they are leading to something they are not supposed to do.
• Another conclusion is to acquire any insurance like SSS so that you are assured even when something
happened that been part of that insurance.
• The SSS is very helpful in many ways but you need to pay for it.
• Our last conclusion is that the SSS is a trustworthy corporation and they are legit when it comes to
helping people.

Recommendation:

• We recommend that before entering such insurance like SSS, we must have a knowledge of our rights.
• We also recommend that everyone must acquire insurance like SSS so that we will have assured and
secure life when something happen.
• We also recommend that having a direct interaction is a good way to avoid problems.
•We recommend that you must have a valid documents when inquiring to SSS.
•We recommend that if you don’t understand something about the insurance or SSS just contact them
immediately for further discussion.