Thursday, July 19, 2012

Reactivating My SSS Membership

One of the things in my bucket list for 2012 is to reactivate my SSS membership which I discontinued since I resigned from the last company that I've worked with in the Philippines.  I resigned 2nd quarter of 2007 and decided to try my luck as an OFW.  I did not intentionally want to discontinue my membership.  It's just that I was too busy and preoccupied at that time and this thing had slipped off my mind.  It was only late last year that I finally gained back my interest in reactivating my account with SSS but still, I was only able to start this year (lol).  Anyway, better late than never.   Since I belong to the maximum bracket of SSS contribution already from my previous employer and upon checking the contributions required for OFW's, I've seen that I just have to continue the same amount of my previous contribution  from my last company.  The only difference is that last time, my company pays for the other 50% of the monthly contribution.  Now, as an OFW, I will still be paying the same amount of contribution (Php1,560/month) but I will pay 100% of it.

Anyway, when I paid for my first contribution as an OFW last March, the SSS personnel at the Information counter advised me to just stick with this amount so I could get higher benefits during my retirement. She said, if I will lower my contribution compared to my last contribution from my employment in the Philippines, then the amount of my monthly SSS pension after my retirement will be affected.  So, I decided to just stick with my previous bracket which is the same bracket for OFW's.   After all, I will be the one benefiting from this after my retirement.  I'm just thinking that with the amount of my monthly contribution, I will surely be receiving a higher monthly pension which should be a reasonable amount to sustain my daily needs.  Anyhow, my husband is also paying for his SSS, so each of us would be having our own monthly pension after retirement.  That combined with some assets and monthly rental of a house should be more than enough to live by.

I am a very practical person.  I always think ahead.  I always want to prepare for the future.  I don't want to rely on someone else for my living. It's not that I am materialistic, I just want to enjoy my life without worries and hassles.  Anyway I was gifted with a skill that I could use to work and earn, so I just want to make the most of it while I still can.

Anyway, SSS is also offering a condonation program for those who still have unsettled loans and filing of applications will be until September 2012.  You can visit SSS website for more details. 

9 comments:

Rovie Aguis said...

Mas mabuti na din yung nag iisip at nagpa plano ng maaga. Basta kaya lang ng budget, go for it sis.

Rosemarie-Pinay Singlemom said...

This post remind me of the SSS membership. I haven't started paying my contribution since I didn't stayed long in my previous employment and I only applied it as it was one of the requirement. I am not getting any younger so I shall settle this ASAP

Jhari said...

Me too, oh my god, I can't even remember what my SSS number is. Sayang yung hulog ko dun :(

GeriLen ELinessete said...

i just signed up for my sss, and this post encourged me to pay regularly hehe its better to be sure of our future :) and i want to loan and start a business! wish me luck :D

reese said...

this is a great decision, malaking bagay din ang may SSS; since i am working din, i am also a member, ang laki nga lang ng contribution...
i just wish na kapag kailangan ko gamitin ang SSS contribution ko ay mabigyan agad, dami kayang nagrereklamo na hindi kaagad maka-avail kasi ginagamit ng gobyerno ang SSS contributions natin

ielenna said...

it is a good investment for our future. cried from that, it can lessen the tax we pay.

journey of a dreamer said...

i need to reactivate my sss too, it's a good investment and a great help too.

Ms. Journ said...

Good that you reactivate your SSS sis, this is good investment indeed! So glad that I have my SSS ready already! I am here in Norway now but I am done with my 10 years payment.

leira said...

SSS is important and I need to fix my husband's problems with SSS too.

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