According to survey, 80% of the population doesn't contribute their SSS monthly due. SSS is very important to everyone. It is an investment too. Actually there are lot of benefits of paying SSS like loans, maternity leave, funeral benefits, and pension of course when you are in your golden years. The earlier you start, the better. The bigger you contribute, much better.
SSS is for individual who is not a government employees if you are a Filipino. There is another for that in your country, look for it. You can choose the bracket of how much you want or can afford to pay. Like for example you can choose to pay $100.00 per month or more. Everyone is eligible whether you are employed or not as long as you reach 18 years old and below 60 years old. Even if you are not in the Philippines you can still pay through different correspondent bank in the world.
Paying per month will not hurt your packet, besides it will compound interest and your money will grow and when you are 60 years old, you can take it and have monthly check from SSS depending on what option you would like. I have seen one old lady who was a tailor and receiving SSS pension per month. She advised me to pay my monthly SSS too. She said she never regret paying it. You can choose to pay 10 years straight or continues payment until you reach 60.
If you are in the government, you will pay in GSIS. No matter what are you into, paying your SSS is a must. It is a personal Investment where no one can take it away from you. Every OFW (overseas Filipino Worker or expatriates) must contribute and it can help to your dependent too. Remember you are away from your family to earn and save money. Don't go home empty handed. You work hard so you deserve a break.
If you are into investment, don't miss this one. This is a sure investment that you can have. Before going into other invest, pay your SSS first.
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2 comments:
Wow! you have write this in a very light way..and I really like the way you Expressed the need of SSS..keep it up!
Final expense
It's our responsibility to ourselves to pay our social security really.
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