Overseas Filipino Workers SSS Coverage Program

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Overseas Filipino Workers SSS Coverage Program

According to Wikipedia, the Philippine Social Security System is a state-run, social insurance program in the Philippines to workers in the private sector, wage earners as well as self-employed persons. It is implemented in accordance with the Republic Act No.1161, better known as Social Security Act of 1954.

Government employees, meanwhile, do not contribute to SSS but have a separate programme, the Government Service Insurance System (GSIS).

Overseas Filipino Workers can also become a member of SSS through their OFW Coverage Program. But, as an OFW who contributes to SSS every month, what are exactly your benefits from this program?

Here are some FAQs from the SSS Website:

Who are covered under this program?

    The program covers all OFWs not over 60 years old, whether previously a member or not.

When does the coverage of an OFW member take effect?

    Coverage of an OFW takes effect upon payment of the first monthly contribution.

How does one register as an OFW (New) member?

    He must secure an Overseas Worker Record Form (SSS Form OW-1) at the nearest SSS office or download from the SSS website at www.sss.gov.ph. Fill out the form and submit with any of the following documents:

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  • Birth Certificate

  • Baptismal Certificate

  • Driver’s License

  • Passport

  • Professional Regulation Commission (PRC) Card

What will be the basis of the monthly contributions?

    The monthly contributions will be based on the monthly earnings declared at the time of registration, computed in Philippine Pesos. (Please refer to the Schedule of Contributions)

Where will payments be made?

    SSS contributions and loan amortization may be paid through any of the following accredited banks and its foreign tie-ups (i.e remittance centers and/or money exchange houses):

  • Asia United Bank (AUB) Gintong Hatid

  • Banco de Oro (BDO) Remit Services

  • BOC SIKAPPINOY

  • Philippine National Bank (PNB) Overseas Bills Payment Service

  • i-Remit online branches

  • Lucky Money online branches

  • Ventaja online outlets

  • Sky Freight

What are the benefits and loan privileges of an OFW member?

    OFWs are entitled to various benefits and loan privileges, provided qualifying conditions for entitlement are met. To ensure higher benefits and privileges, they can continue to pay their monthly contributions until they reach the age of 60 or 65 years old.

When are contribution payments due?

  • January to December contributions - anytime during the applicable year

  • October to December contributions - may also be paid January 31 of the following year.

 

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