Internet Philippines.Com

Pinoy forum and online news directory. Providing help to Filipinos here and abroad.

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.

Tags: , , , , ,

18 Responses to “SSS Lump Sum Requirements”

  • ELSA says:

    DEAR SIRS/MADAM,

    IM THE SOLE BENEFICIARY OF MY FATHER JOAQUIN COTOCO, I HAVE CLAIMED HIS BURIAL..HE DIED LAST APRIL 10, 1992…… THEN I MADE SOME FOLLOW UP THE NEXT FEW MONTHS… B-COZ OS FINANCIAL PROBLEMS WE DID NOT CONTINUE TO FOLLOW UP….. UNTIL THESE TIME OF MY FOLLOW UP… AGAIN., PLZ WERE REALLY IN NEED….

    LOOKING FORWARD FOR UR KIND CONSIDERATION, MORE POWER TO YOU
    GOD BLESS… THANKS

    BABBY08@YAHOO.COM

  • irene says:

    my mother had a stroke last 2007. she qualified for disability pension and received a lump sum amount. she received monthly pension thereafter. and then her monthly pension was suspended since she was not 60 years old yet. next year, when she reaches 60, her pension will resume. will she be able to request for lump sum again? and how many months/years is the maximum. my father informed me that for gsis, one can go up to 5 years of lump sum amount. how about for sss?

    a reply would be greatly appreciated. thank you so much.

    sipa_sa_pwet@yahoo.com; ire_ocana@live.com.ph

  • Carolina Paloma Viray says:

    Sa mga kinauukulan,sa kagustuhan ko pong makakuha muli ng aking pasaporte nais ko pong ipaalam sa inyo n ang aking pasaporte po ay di sinasadyang nawala,nung kasalukuyan pong bumaha ng bagyong undoy.lumalapit po ako sa inyo na at nagsusumamo sa aking hiling na makakuha po muli.

  • ivy calimbahin says:

    the person has more than 10 years of sss contibution and he is now dead, any burial benefits the family can claim<

  • casarina diloy says:

    Good day! How can i see my current contributions? I want to know how many more contributions do i need to stop contributing ? Is it 220 contributions all in all?

    Hope to hear from you soon! Thanks and God bless you all!

  • julia e. boncales says:

    sa mga kinauukulan,
    namatay po noong september 28 2002 ang aking asawa at nakakuha po ako ng burrial w/c is 20,000.00… may makukuha pa ba ako na lump sum?

  • Leodigna s Micael says:

    no comment

  • FELY CARR says:

    tanung ko lng p kng nka pasok na yung apply ko sa lump sum.kng dipa po puedi po malaman kng puedi na ako mag claim.salamat…

  • leo says:

    Sir namatay po ang mother q last two years. mag-iinquire po ako kc 3 po kami beneficiaries sa kanyang sss pde po ba kami makakuha ng claims sa lump sum niya kahit nasa ibang bansa ang isa ko kapatid. anu po pde gawin kapag nsa ibang bansa ang beneficiary na magke-claim. Salamat po

  • Edna Chua says:

    Question:
    I’m 60 yrs. old. I worked w/ three different companies from July 1973 to May 1984 and believed to have paid 120 contributions for the period of my employment. Am I qualified to apply for pension? I’m from Albay, can I apply at Tabaco-SSS in Albay, my hometown? I moved to US in 1984 & plans to take a vaction next year.
    Thank you for your prompt response.
    .

  • 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!

  • jannette says:

    Hell,,, Im jannette i just want to know on how to claim the lump sum of my grand father, coz he was died 4 yrs ago

  • noreenjoy says:

    How long does it takes to get the money from my auntie’s lump sum benifit?

  • noreenjoy says:

    we already have the complete requirements, and were ready to submit it to our local office, we just wanted to know ,How long does it takes to get the money?

  • bobby santos says:

    how can i avail lumsum even if im not 55 or 65 years old


Google Advertisements

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


BSP Exchange Rate Today:

Google Advertisements: