What is the SSS? (Philippines)

PayrollHero is hiringInterested in PayrollHero? Sign up today and get 90 days free! – USE PROMO CODE 90SSSBP2018

The Philippine Social Security System (SSS) is a social insurance program for employees in the Philippines. Founded in 1957, the SSS is a government agency that provides retirement and health benefits to all paid up employees in the Philippines. Members of the SSS can also make ‘salary’ or ‘calamity’ loans. Salary loans depend on the monthly salary of the employee. Calamity loans are for such times when there is a calamity that has been so declared by the government, in the area where the SSS member lives, such as flooding, earthquake and natural disasters.

Philippine Federal Government Employees don’t contribute to SSS instead they have their own agency called the Government Service Insurance System or GSIS.

More details on the SSS in the Philippines.

PayrollHero-Ad

Are you setting up a new business in the Philippines? Check out PayrollHero.ph for your time, attendance, scheduling, HRIS, analytics and Philippine payroll needs.

JOIN OUR NEWSLETTER!
I agree to have my personal information transfered to MailChimp ( more information )
We like you! Keep in touch with our current happenings, adventures and tips from PayrollHero! Join over 15,000 subscribers who are receiving our newsletter and growing!
We hate spam. Your email address will not be sold or shared with anyone else.

Leave a Reply

Your email address will not be published. Required fields are marked *