Continuing your SSS, worth it ba?

manofsteel

I've seen various questions re SSS, like how to continue paying/do voluntary contributions when you've migrated, or questions related to how much pension you can claim someday or whether you can still claim when you're already citizen of another country.

Some are saying na yun maximum voluntary contribution na P1,790 mas mabuti pa daw ilagay sa ibang investment. Although may mga nagsasabi rin naman na okay daw ituloy. Whether OFW or migrant, is it really worth continuing your SSS contribution?

ieya_oz

I'm also interested in this topic.. we will also be moving to AU this coming April 2015 and my hubby and I are still pondering whether to claim or not our SSS.. please share your inputs guys..

vhoythoy

di ko na continue sa akin bahala na sila dun sa naihulog ko

legato09

Magandang topic nga ito, if ever ba mag citizen ka dito makukuha mo pa din ang SSS benefits mo? Dual Citizen?

manofsteel

@vhoythoy haha, yan din mindset ko when i was working abroad, kaso naactivate ulit yun hulog ko nun magwork ulit ako dito pnas. so ngayon pala isipan sakin kung itutuloy ko ba once i moved to Au or... pababayaan ko na lang bang masayang na lang 🙂

manofsteel

@legato09 I've read somewhere na someone asked SSS that question, sagot daw ng SSS makukuha pa rin. I'm doubting this kase baka come the time na magclaim ka na eh baka bigla ka basahan ng Republic Act something something na di pala pde.

If totoong pde man, will that benefit be sufficient sa mga panahon na yun? which brings us back to the question na worth it ba tlaga to continue contributing kahit nagmigrate ka na? 🙂

vhoythoy

mapapakinabangan mo lang kasi yan kapag retirement age kana. unless naka 120 months hulog ka na pwede hindi na ituloy at wait nalang retirement age. sa akin kwenta ko nsa 20-25k pesos siguro then may loan ako 6k ngaun 13k na ata sa interest. dagdag pa sakit ng ulo yan at kukurakutin din naman ng gov't pondo nyan, buti nlang backup ng gov't. pero wala na ako tiwala jan sa sss. tatay ko dati pinahirapan nyan kapipila pagkuha ng benefits. Patay na bago nakakuha. Sa ibang bagay ko nalang ilalaan pera ko. Babalik ako sa pinas para magbakasyon at hindi para magasikaso pa ng kung ano ano. Sa akin lang nman.

angelwheng

Advice ng mother ko sa akin eh wag ko na daw ikontinue kung may 10 years naman na akong contribution. Yung loan ko na lang daw ang bayaran ko para din din magincur ng interest. SAbi kasi nya, yung mga friends nya na nagvoluntary before after maemploy na ngayon eh pensioners na, ang nacredit daw na contribution eh nung nagsimula lang ang voluntary. Parang nabalewala na ung naihulog nung nagwowork pa. Kaya mas malaki pa yung pension nya na kahit hindi na nya tinuloy yung contribution nya after nya mawalan ng work kesa dun sa mga nagcontinue.

JCsantos

Its better than nothing i guess so

bookworm

I don't plan to. Sayang pera e. hehe.

vhoythoy

I might increase nlang cguro super contributions or avail other retirement insurances/ set aside funds or get long term investments like stocks or something hehe. Kung malapit lang ako sa 120 months contributions then i will complete it.

RED

In my opinion, its a yes and a no.

Yes, if nasimulan na and malapit ka na mag 120 contributions para lang mapakinabangan mo kahit paano yung mga naihulog na.

No, mas malaki po ang kikitain niyo sa ibang investment schemes and at the same time liquid po ang pera niyo.

JCsantos

sss is less than 10 $ a month .. and it still earns interest and dividends from what i know ...

bookworm

It's not the money. Maliit lang cya kung maliit, but then again, yung makukuha mo eventually, is it really worth going to all the hassle of linisng up and getting the necessary documents?

vhoythoy

<blockquote rel="bookworm">It's not the money. Maliit lang cya kung maliit, but then again, yung makukuha mo eventually, is it really worth going to all the hassle of linisng up and getting the necessary documents?</blockquote> dati nag continue din ako hulog nyan sa singapore, mga 5 months ata tapos tinamad na ako. tapos mababalitaan ko sa pinas balak taasan pa ang contributions kasi hindi daw kumikita at need daw para sa mas malaking benepisyo. Grabe pa pila nyan kapag kumuha ka ng benefits dami pa kung ano ano hihingin. Ung tatay ko nga, 3 buwan ata pabalik balik kinamatayan na ung benefits. buti may nakuha pa kahit paano per patay na. Kaya wala na ako tiwala basta nasa gov't. I love pinas pero not the gov't and agencies. Halos katumbas lang ng isang buwan sweldo mo nyan ung makukuha mo o mas maliit pa, kaya better itabi nlang or invest sa ibang bagay nalang. Iwas sakit ng ulo pa at sayang na oras. Hassle din ung monthly pupunta ka remittance para maghulog/ even online pero ok kung pwede bayaran mo na buong taon or more isang hulugan. Pero hanggang kailan mo gagawin un hanggang tumanda ka na. Sa iba na nanghihinayang, ok lang din nman. Yung kung matanda ka na at babalik ka sa pinas para asikasuhin pa.

RED

I agree to this one. Naexperience na namin yung sa death benefit parang wala ka na makukuha sa dami ng gastos sa requirement tapos makakailang leave ka para lang iprocess. Minsan maaga ka na pupunta pero sobrang dami pa din tao kaya pababalikan ka nalang ibang araw.

vhoythoy

Sino na ba namumuno ng SSS ngaun, si Romulo Neri ung nainvolved dati sa ZTE deal? Kung hindi man sya, malamang tao lang mapapalitan pero same system lang din. Big bonuses lang ng big boss mapupunta ibang kita nun hinulog ng members. Tingin ko nga ginagamit pa ng ibang politiko pondo nyan. Wag naman sana malugi.

http://nimrodflores.com/investing-and-finance/personal-finance/sss-going-bankrupt/

http://www.9news.ph/news/business/2013/07/25/hike-in-sss-contributions-awaiting-palace-ok

Parang Pag-ibig, ilang milyon/ bilyon nakurakot sa Globe asiatique case, napahiram sa ghost members. Tagal umusad kaso kasi parang malaki contributions ng nahuli sa kampanya ng mga politiko.

Problema nga pagkuha plang ng SSS ID. Sa main office pa ata pwede kumuha di kasi ako updated. Ung wife ko di nakakuha kasi nawala ung sa makati dati pwde dun. Negative ang tingin ko, sorry pero un kasi experience ko sa mga gov't agencies parang MAFIA. Grabe ang tindi ng corruptions hahaha

Tsaka isa sa main reason ko kaya ako mag migrate is para makaiwas sa sakit ng ulo na alalahanin/ corruptions sa pinas at makipag deal sa mga corrupt/ inefficient agencies. I enjoy ko nalang ung family, places at friends pagbalik para magbakasyon. Thats it. Besides on my retirement age, hindi ko na need benefits from SSS. Kung hindi ako nakaipon at kinailangan ko pera from SSS at that time, its my fault.

TotoyOZresident

<blockquote rel="manofsteel">I've seen various questions re SSS, like how to continue paying/do voluntary contributions when you've migrated, or questions related to how much pension you can claim someday or whether you can still claim when you're already citizen of another country.

okay pa rin na mag sss voluntary ka.

manofsteel

Thanks sa mga replies.

I asked kung worth continuing ba kse pag di mo daw nacover yun 120months na hulog pde pa rin magclaim ng lumpsum equivalent to number of months na naihulog mo na (im not sure lang if that includes the interest your hulogs have earned). Tas di din daw buo ibbgay, parang lumpsum yun first 18mos, tas yun next bgay is on 19th month na, something like that.

Pag tinuloy naman daw magvoluntary, there might still be a chance na di mo makuha din yun retirement benefits without going thru the hassles of claiming. Not to mention na may chance din kurakutin ng govt yun hulog ng members esp sa mga nag max voluntary.

Yun mom ng misis ko may nakukuha pension, pero super liit. That's why sabi nila if you do voluntary contri it could've grown higher sa ibang investment, pero siempre need pa din aralin kung ano investment yun. Kaya medyo hati pa rin sa pag decide

bookworm

Instead of Pinas, contribute more to your superannuation. It would probably be better. Or add it to a special bank account, one you won't touch until you're about to retire. Same amount as the one you would have contributed.

Di ko tlga makita ang benefit. Yung mga taon na nagtrabaho ako sa pinas at nag contribute sa SSS, ayaw ko na dagdagan. I think of it now as my contribution to the country. I still send money to my parents so that money is spent in Pinas, so that is another contribution to the economy. But other than that?

I guess it really is a matter of trust in the government, and I really do not trust the PH government when it comes to handling of my or the taxpayer funds. So if I don't trust them with my money, why should I add more to the ones I had already given them?