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When my sister died, one of the questions that popped into my mind was: What happens to the pension that my sister was looking forward to upon retirement, in the event of her death while still an active, duly employed SSS member?
I found out that the Social Security System of the Philippines is duly mandated by law (R.A. No. 8282) to provide the qualified beneficiary (or beneficiaries) Death Benefits as specified under Section 13 of the aforementioned Social Security Law.
I’ve been a Philhealth member since I started working in 2007, but I only realized how important and helpful it is when I gave birth to my first child and when she was hospitalized.
If I remember it correctly, approximately P19,000 was shouldered by Philhealth in my hospital bills when I gave birth and P10,000 when my child was hospitalized. It really was a huge help for us.
Do you have extra money that you want to save or invest? Aside from saving your hard earned money in the bank which is safe but earns very little interest OR investing in the stock market which is more risky but offers higher potential return, you can also invest in SSS Flexi-fund.
SSS Flexi-Fund is an innovation of government securities specifically designed for Overseas Filipino Workers or OFWs introduced in 2001. It is a voluntary and provident fund that serves as an additional service provided by the SSS on top of their regular OFW membership.
The new and much-awaited iPhone 7 from Apple was announced back in September 2016, along with the iPhone 7 Plus. It was interesting how Apple was taking the direction of their signature smartphone almost 10 years after the release of the very first iPhone, and the milestone may not be lost on them as the iPhone 7 does well enough to continue the legacy.
It’s my sister’s birthday today and as a gift, I’m purchasing a Gold’s Gym membership voucher for her at Metrodeal. Actually, it’s been her goal to lose weight this year but for so many reasons, she has not been able to start yet.
And I remember, a few days ago, she mentioned that she wanted to avail of this Gold’s Gym promo on Metrodeal. But when I asked her today, she said that she has not purchased it yet. Or maybe she’s waiting for me to buy this for her. Hmm, let’s see what’s in this promo…
Are you planning to purchase a new house or a real estate property?
Aside from checking your favorite property developers’ websites and talking to real estate agents, you can also check out the Pag-ibig Home Development Mutual Fund website to see what properties are currently for sale.
Pag-ibig releases new lists of Foreclosed properties monthly and this is something that you should watch out for if you’re on the lookout for potential real estate properties.
Update: The SSS Loan Restructuring Program is available again from April 2 to October 1, 2018. Click the links below for more details.
The Philippine Social Security System has been encouraging SSS members who have past due loans to apply for SSS Loan Restructuring Program (LRP).
Also known as SSS Loan Condonation, this program started last year April 28, 2016 and will end on April 27, 2017 or 20 days from now.
