Social Security Law

• What is the short title of the Social Security Act of 2018?

  The "Social Security Act of 2018"
• What is the policy of the State regarding social security as stated in the Act?

  To establish a sound and viable tax-exempt social security system suitable to the needs of the people
• What does the social security system aim to protect members against?

  Disability, sickness, maternity, old age, death, and other contingencies resulting in loss of income
• What value does the social security program emphasize?


  "Work, save, invest and prosper"
• What is the principal place of business for the Social Security System (SSS)?

  Metro Manila, Philippines
• Who directs and controls the SSS?

  A Social Security Commission
• Who serves as the ex officio Chairperson of the Social Security Commission?

  The Secretary of Finance
• How many appointive members are there in the Social Security Commission?

  Six (6) appointive members
• What is the term of office for the regular appointive members of the Commission?

  Three (3) years
• What are the fiduciary duties of a member of the Commission?

  To act with loyalty, due care, for the benefit of the SSS, avoid conflicts of interest, and apply sound business principles
• What is the maximum contribution rate for the SSS as of 2025?

  15%
• What is the minimum monthly salary credit for the year 2023?


  ₱4,000.00
• What is the purpose of the Office of the Actuary within the SSS?

  To conduct actuarial studies and present recommendations on premiums and investments
• How often must the Chief Actuary submit a valuation report on the SSS benefit program?

  Every three (3) years
• What is the role of the SSS President?

  To carry out the program of the SSS and the policies of the Commission
• How does the SSS ensure the financial soundness of its operations?

  By applying sound business principles and conducting actuarial studies
• What happens if the SSS President becomes incapacitated?

  They may be removed from office if incapacitated for more than six (6) months
• What is the maximum monthly salary credit for the year 2025?


  ₱35,000.00
• What is the purpose of the Provident Fund established by the Commission?

  To consist of contributions for the payment of benefits to members or their beneficiaries
• What are the conditions under which the Commission can condone penalties on delinquent contributions?

  When the employer demonstrates a clear inability to pay due to economic crisis or natural calamity
• What is the role of the Governance Commission for GOCCs in relation to the Commission members?


  To endorse nominees based on integrity, experience, education, training, and competence
• What is the compensation plan for SSS positions based on?

  A comprehensive job analysis and audit of actual duties and responsibilities
• How often is the compensation plan for SSS positions subject to review?

  Every four (4) years
• What are the main powers and duties of the Social Security Commission?

  • Formulate, adopt, amend, and rescind rules and regulations
  • Establish a Provident Fund for members
  • Conduct actuarial and statistical studies
  • Approve restructuring proposals for contributions
  • Authorize cooperatives as collecting agents
  • Implement contribution rates and salary credits
  • Develop special social security programs
• What are the main powers and duties of the Social Security System (SSS)?

  • Submit annual public reports to the President and Congress
  • Require the Chief Actuary to submit valuation reports
  • Establish offices in provinces and foreign countries
  • Enter into agreements for services needed for administration
• What is the purpose of the individual income gap and poverty threshold for the elderly?

  To provide benefits similar to those offered by other social protection programs.
• How often are increases in benefits provided under the discussed program?

  Every four years.
• What must be guaranteed regarding the reserve fund of the program?

  The actuarial soundness of the reserve fund must be guaranteed.
• What is one of the responsibilities of the SSS regarding its offices?

  To establish offices to cover as many provinces, cities, and congressional districts.
• What is required for the SSS to inspect its offices?

  Periodic inspections are necessary.
• What is the nature of the document mentioned in the study material?

  It is strictly private and confidential.
• What can the SSS do regarding agreements or contracts?

  Enter into agreements or contracts for necessary services and aid.
• What does the SSS adopt or approve annually?


  The annual and supplemental budget of receipts and expenditures.
• Who is responsible for checking and auditing the accounts of the SSS?

  The Chairman of the Commission on Audit.
• What is the role of the Secretary of Justice in relation to the SSS?


  He acts as the ex officio counsel of the SSS.
• What power does an official or employee of the Commission have when authorized?


  To administer oaths and issue subpoenas.
• What is the definition of "SSS" as per the Act?

  The Social Security System created by this Act.
• Who is considered an "Employer" under this Act?


  Any person who uses the services of another person under an employer-employee relationship.
• What defines an "Employee" according to the Act?

  A person who performs services for an employer and receives compensation.
• Who are considered "Dependents" under the Act?

  The legal spouse, unmarried children under 21, and parents receiving support from the member.