SSS raises funeral benefits to max
SSS

SSS raises funeral benefits to max

Oct 27, 2023, 1:36 AM
OpinYon News Team

OpinYon News Team

News Reporter

Relatives of deceased members of the Social Security System (SSS) will soon benefit under the “enhanced” guidelines for its Social Security (SS) Funeral Benefit Program.

Under the new guidelines, claimants of deceased SSS members with 36 or more monthly contributions may receive a variable amount from P20,000 to P60,000 in SS funeral benefits, depending on the member’s number of paid contributions and average monthly salary credit (AMSC).

On the other hand, funeral benefits for members who paid at least one but less than 36 monthly contributions up to the month of death shall be a fixed amount of P12,000.

The enhanced funeral benefits will cover embalming services, burial transfer services and permits, funeral services (including church fees or its equivalent in other religions), cremation or interment services, purchase or rent of coffin, purchase, or rent of niche/cemetery/memorial lot/columbarium, and memorial/funeral insurance plan.

Applications for funeral benefits will have a prescriptive period of filing of 10 years from the month of death of the member or pensioner, subject to terms and conditions as may be determined by the SSS.

“The new guidelines…aim to incentivize active membership by raising the maximum amount of funeral benefit to P60,000 and streamline the provision of funeral benefits to claimants, especially for surviving legal spouses,” SSS President and CEO Rolando Ledesma Macasaet said.

“As we continue to pursue the provision of meaningful social security protection through simpler, faster, and more convenient processes, we also want to emphasize that actively paying SSS contributions will not only enable our members to qualify or remain qualified to our benefit and loan programs but also allow them to attain higher and better benefits,” he added.

#SSS #SocialSecuritySystem #FuneralBenefits #AMSC #SSBenefits #OpinYon #WeTakeAStand


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