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The Social Security System (SSS; Filipino: Paseguruhan ng Kapanatagang Panlipunan) is a state-run, social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954.
The Labor policy in the Philippines is specified mainly by the country's Labor Code of the Philippines and through other labor laws. They cover 38 million Filipinos who belong to the labor force and to some extent, as well as overseas workers. They aim to address Filipino workers’ legal rights and their limitations with regard to the hiring ...
Social security benefits According to RA 1161, as amended by RA 8282, "The Social Security Program provides a package of benefits in the event of death, disability, sickness, maternity, and old age. Basically, the Social Security System (SSS) provides for a replacement of income lost on account of the aforementioned contingencies."
The Government Service Insurance System ( Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a government-owned and controlled corporation (GOCC) of the Philippines. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance institution that provides a defined ...
If you plan on visiting a Social Security Administration (SSA) office, be aware of holiday schedule changes. As of 2022, there are 11 federal holidays, and certain rules also apply if the federal...
Holiday leave is accrued from previous full year of employment, i.e. in the first year of employment, a worker is entitled to 25 working days of leave, but they will be unpaid. After one year of full employment, the employee shall be entitled to 25 working days of paid holidays. Employees over the age of 60 are entitled to 30 days.
Starting next year, the average Social Security check will be $1,907 a month -- slightly higher than it is now, the Social Security Administration estimates. While this might be enough to afford ...
The Social Security tax is divided into 6.2% that is visible to employees (the "employee contribution") and 6.2% that is visible only to employers (the "employer's contribution"). For the years 2011 and 2012, the employee's contribution had been temporarily reduced to 4.2%, while the employer's portion remained at 6.2%, [ 37 ] but Congress ...