Details about the SSS Unemployment Benefit Amount 2024 for Members Who Lost Job
SSS UNEMPLOYMENT BENEFIT PROCESSING TIME – You can check the details below on how long it might take for you to receive your unemployment benefit from the Social Security System.
In times of involuntary separation from work, members of the Social Security System has something to turn to — the SSS Unemployment Benefit. This is just one of the many benefits that SSS members may turn to during financially-challenging times.
Through the SSS Unemployment Benefit offer, the Social Security System has designed a cash benefit that members who lost their jobs due to a reason that is beyond their control or with no fault on their side may turn to. Here is the coverage:
- Article 298 and 299 of Presidential Decree No. 442 or Labor Code of the Philippines
- Use of machineries to speed up work
- Redundancy in employment
- Reduction of workforce
- Company closure
- Health reason
- Wrongful treatment from the employer
- Dropping of the economy
- Natural calamity
In qualifying for the offer, the member must meet the eligibility requirements set by the Social Security System under the Unemployment Benefit offer. Here are the qualifications set by the state-run social insurance agency:
- not over 60 years old upon the termination from service except for the following situations:
- if underground or surface mineworker, member-applicant must not go beyond 50 years of age to qualify
- if racehorse jockey, the member-applicant must not be above 55 years old
- has paid not less than a total of 36 monthly contributions with 12 of the premiums posted within the 18-month period prior to the month of termination from employment
- has not received an unemployment benefit within the last three (3) years prior to the month of termination from work
The SSS Unemployment Benefit amount may vary but the state-run social insurance agency has cited details that can help you compute how much you may receive. With regards to the SSS Unemployment Benefit processing time, it may take five (5) to seven (7) working days.
The SSS Unemployment Benefit processing time estimate stated above is from the time that you submitted a complete set of requirements for the SSS Unemployment Benefit claim. Please be aware that the following grounds for jobloss are not considered by SSS under the benefit offer:
- Serious misconduct
- Willful disobedience to lawful orders
- Gross and habitual neglect of duties
- Fraud or willful breach of trust/loss of confidence
- Commission of a crime or offense
- Analogous cases like abandonment, gross inefficiency, disloyalty/ conflict of interest/ dishonesty