Details about the SSS Disability Benefit Lump Sum Amount for Members
SSS DISABILITY BENEFIT LUMP SUM – You can check the guide here on how much a Social Security System member may receive under the benefit.
In the Philippines, one of the entities with a Disability Benefit offer is the Social Security System. More commonly called SSS, it has millions of members composed of individuals not only within the country but as well as abroad. Thus, millions of people have access to the benefit offer in case the unwanted incidents take place.
The Social Security System actually has several offers. It has the SSS loans as well as the benefit offers that attend to different situations — pregnancy, unemployment, disability, retirement, sickness, and even death.
In the case of the SSS Disability Benefit, it was designed as a turn-to for members in case a temporary or permanent disability takes place. A member must have posted at least one (1) monthly contribution prior to the semester when the disability occurred.
In case the member’s total monthly contributions posted prior to the semester of the disability is below 36 months, he/she will qualify to the SSS Disability Benefit lump sum. It is also the benefit granted to members whose disability claims’ approved pension duration is below 12 months.
How much a member may get under the SSS Disability Benefit lump sum? According to the Social Security System, the formula that yields the highest amount among the formula below will be considered in the grant for the member with partial permanent disability:
- Monthly pension x 12 x Percentage of disability
- Monthly disability pension x Number of SSS monthly contributions x Percentage of disability in relation to the whole body
With regards to members with permanent disabilities, the formula that yields the higher amount will be considered by the state-run social insurance institution in the grant:
- Monthly pension x 12
- Monthly disability pension x Number of SSS monthly contributions
Undeniably, the qualification set by the SSS under this benefit offer sets it apart from all the other benefits which usually require at least 36 monthly contributions. A member must undergo the checking of a doctor or medical expert in the process of filing for a claim.
Furthermore, there are requirements in filing for SSS Disability Benefit claim. They must be prepared and submitted to the state-run social insurance institution.