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SSS Lump Sum Requirements

Retired from work? Ever wondered what are the SSS lump sum requirements before you can avail of it? Here are a few details related to this SSS pensioner or retiree benefit including the required standards and how can a SSS member be qualified to receive his or her lump sum money.

According to the SSS website here are the list of requirements in order to receive benefits as a pensioner / retiree for a lump sum amount of up to 18 months.

1. Must be at least 60 years old and not currently employed. The monthly pension shall be suspended upon the re-employment or resumption of self-employed of a retired member who is less than 65 years old.
2. Must be at least 55 yrs old or older and have worked in underground mines for five years.
3. For 65 or older regardless of employment status.
4. Has paid at least 120 monthly contributions prior to the semester of retirement.

Additional Information Regarding SSS Lump Sum: (source: sss.gov.ph/)

“A retiree has the option to receive the first 18 monthly pension in lump sum discounted at a preferential rate of interest to be determined by the SSS. The option should be exercised upon filing of the first retirement claim. Only advance payments shall be discounted on the date of the payment. The dependents’ pension and 13th month pensions are excluded from the 18 months lump sum pension.

The member will receive the monthly pension on the 19th month and every month thereafter.”

What documents are needed in filing for a retirement benefit?

1. Retirement claim application (SSS Form DDR-1);
2. DDR Savings Account form;
3. Certificate of Separation from last employer (for members less than 65 years old);
4. Passbook (if pension);
5. Certified true copies of birth or baptismal certificate of dependent children;
6. Certificate of cessation of business or practice of profession (for self-employed less than 65 years old);
7. Certified true copy of Marriage certificate (if with dependent children)
8. Proofs of filiation for illegitimate dependent children; and
9. SSS digitized or E-6 (acknowledgement stub) with two valid IDs, one of which with recent photo.

Where can a member file his retirement application?

Applications forms for retirement benefit are filed at any SSS branch or representative office.

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14 Responses to “SSS Lump Sum Requirements”

  • jessa says:

    yung aking lolo po ay patay na pero hindi po agad naasikaso ng mga anak pero nalaman na lng po namin na na i claim na po pala ng asawa ng anak niya pong panganay na namatay. e di ba po wlang nman syang karapatan dun anu pong aksyon kailangan pong gawin salamat

  • JERRY ESTERON says:

    gud day,
    Sir/Ma”m

    tanong ko lang po kung ilang months processing ng lumpsum kze si papa april xa ngfile ng papers pero gang ngaun hindi parin narerelease ung dapat nyang makuha

  • maylene osias says:

    Hello!good afternoon!i am 32 y/o at s ngyon wla po akong trbaho mula ng ma lay off ako last yir.gus2 ko po sna mlaman kung pwde ko i-lump sum ang sss contribution ko?161 months po ang total ng naihulog ko at wla po akong loan.thank you!

  • drew says:

    Hi gud day! Tanong ko lg po. My mother died last december. Seprated po sila ng father ko 26 yrs ago na.. hindi na po nmin nakita sya. Kasi sya yung primary benefits. Anak nya po ako. Paano po ba makuha namin yung benefits. Mag file ba kmi ng affidavit na sepr8td po sila hindi po sila anal. Or abandonment sa amin mga anak nya. Para maka claim kmi ng benefits ng monthr ko. Tnx po!

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