The member is unable to work due o sickness or injury and is confined either in a hospital or at home for at least 4 days; He/she has paid at least 3 months of contributions within the 12-month period immediately before the semaster of sickness or injury; He/she has used up all company sick leaves with pay for the current year and has duly not employer; or He/she must notig The amount of the member's cally Sickness Benefit allowance is equivale lary to 90% of his/her average daily sal pea (ADSC). The Sickness Benefit is granted up to a maximum of 120 days in one calendar year. contributions, he/she is granied a lump sum amount. n, plus a P500 ‘Supplemental est monthly Disability Pension is 1.000 if the member has less credited Years of service (CYS), P1200 cys; Ot. atleast z0 cvs, 2h P2400 if withOR Sewn ee) The member is at least 60 years old | If qualified, the member is granted! a (optional retirement), separated | monthly Retirement Pension, plus a 1th from employment or has ceased to | Month Pension payable every December. be self-employed; and has paid at he least 120 monthly contributions prior The retiree has the option to receive to the semester of retirement; or first 18 months pension in lump sum, The member is 65 years old | discounted at a preferential rate _ of (mandatory retirement), whether | interest to be determined by the SSS. employed or not; and has paid at | This option can be exercised only upon Ieast 120 monthly contributions prior | filing of the first retirement claim, and the to the semester of retirement, Dependent’s Pension and 13mV"Month To qualify for a monthly retirement | Pension are excluded from the advanced pension, the member must have '| 18months pension. paid at least 120 monthly c ‘ If the member has dependent: minor consrbuiione proce lis semsaiec ot Caray “hey are given iF with | Dependent's Pension equivalent to ” contributid g member's monthly pension or ver Only 5 minor granted a A AS bea nt's Pension. member's _ primary ited a monthly Death 13th Month Pension higher. Only 5 ‘minor ginning from the youngest, to Dependent's Pension. t monthly Death Pension is if the member had less than ten YS; P1,200 if with at least 10 CYS; .400 if with at least 20 CYS. 1. The — employee-member was | The Funeral benefit is a variabl pee coverage by his/her | ranging from a minimum of, 20,000 to\a 7 ‘maximum of P40,000, depending on the 2. A ‘self-employed member/OFW/ rember’ ibuti Pon were ee gcnemberiOFW/ | member's paid contributions and CYS, least 1 contribution payment; 3. A voluntary member who was previously covered either as ployed / self-employed / OFW and had at least 1 contribution payment,Payable Upon He has resign Itis equal to c. 37.5% of the re-valued average monthly compensation; plus d. 25% of said re-valued average monthly compensation for each year “OF Service in excess of 15 years provided that the basic monthly pension shall not exeeed 90% of the average monthly ge monthly ‘each year of nt equivalent to 18 monthly. ilidh or separation, plus Ige_ pension. benefit the basic monthly ish payments of 50% monthly ation for a duration, Proportional to years ranging from 2 . He is at least 60 retirement; and . He is not receiving a monthly pension benefit from permanent total disability Note: Retirement is compulsory upon reaching 65 years of age with at least 15 years of service. But if he has rendered less than 15 years of service, he may be allowed to complete the said period. Five-year Lump sum payment equivalent to 60 months of basic monthly pay, payable upon retirement plus an oid— ‘aga pension benefit payable monthly for life, starting on the first day of the month following the expiration of the 5-year guaranteed period covered by the jump sum; or Cash payment equivalent to 18 months of his basic monthly Pension plus monthly. pension. for life payable immediately with no 5 year guarantee.