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Social Security Protection of OFWs through the Social Security System

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Title: Social Security Protection of OFWs through the Social Security System


1
Social Security Protection of OFWs through the
Social Security System
ATTY. JOSE SONNY G. MATULA Social Security
Commissioner
Presentation to the FFW Symposium on Migration,
February 10, 2007, Regency Inn, Davao City
2
Outline of Presentation
  • SSS Mission and Vision
  • Reaching out to OFWs
  • Bilateral Agreements
  • Voluntary OFW Coverage
  • SSS Foreign Representative Offices
  • OFW Coverage and Collection

3
The SSS Mission
  • To promote social justice and provide meaningful
    protection to members and their beneficiaries
    against hazards of disability, sickness,
    maternity, old age, and death resulting in loss
    of income or financial burden through a sound and
    viable social security system

4
The SSS Vision
  • Viable
  • Universal
  • Equitable
  • World-class service

5
Reaching out to OFWs
  • SSS two-pronged approach

Social Security Bilateral Agreements
Voluntary OFW Coverage Program
Voluntary Flexi-Fund Program
6
Bilateral Agreements
  • Existing Agreements
  • Austria (1982)
  • United Kingdom (1989)
  • Spain (1989)
  • France (1994)
  • Canada (1997)
  • Quebec (1998)
  • Netherlands (2001)
  • Switzerland (2001)
  • Belgium (2001)
  • South Korea (2005)

7
Bilateral Agreements
  • Salient Features
  • Mutual assistance
  • Equality of treatment
  • Export of social security benefits
  • Totalization of membership periods

8
Voluntary OFW Coverage Program
  • Milestones
  • Started Voluntary OFW Coverage in 1995
  • Forged MOA with DFA/DOLE in 1997
  • Started deployment of SSS representatives in
    foreign countries in 1998
  • Who are covered?
  • Any OFW not over 60 years old, whether previously
    an SSS member or not

9
Voluntary OFW Coverage Program
  • First-time Registration
  • Secure an Overseas Worker Record Form (OW-1) from
    an SSS office or download the form from the SSS
    website (www.sss.gov.ph)
  • Submit the form with any of the following
    documents (original and photocopies)
  • Birth Certificate l Drivers License
  • Baptismal Certificate l Seamans Book
  • Valid Passport l PRC Card

10
Voluntary OFW Coverage Program
  • No need for OFW registration if already a prior
    member with an existing SS number
  • OFW registration needed only for those who wish
    to join the Flexi-Fund Program
  • Effectivity of Coverage
  • Upon payment of first monthly contribution
  • Basis of Monthly Contribution
  • Monthly earnings, set minimum of P5,000

11
Voluntary OFW Coverage Program
  • Monthly Contribution Rate
  • 10.4 of the OFWs salary, not exceeding P15,000
    per month
  • Minimum P 520
  • Maximum P1,560

12
Voluntary OFW Coverage Program
  • Accredited Collecting Banks / Tie-ups
  • - Allied Bank - LBC Bank
  • - Asiatrust Bank - Metrobank
  • - Bank of the Phil. Islands - Philippine
    National Bank
  • - Equitable-PCI Bank - RCBC
  • - Export and Industry Bank - Security Bank
  • - International Exchange Bank - United Coconut
    Planters Bank
  • - Land Bank - Bank of Commerce
  • - Chinabank - Development Bank of Phils.
  • - Asia United Bank - East-West Bank

13
Voluntary OFW Coverage Program
  • Benefits
  • Retirement
  • Disability
  • Death
  • Funeral
  • Sickness
  • Maternity

14
Voluntary OFW Coverage Program
  • Retirement
  • Cash benefit, in either monthly pension or lump
    sum, paid to a member who can no longer work due
    to old age.
  • Qualifications
  • 1) 60 years old, separated from employment or
    ceased to be self employed.
  • 2) 65 years old, whether employed or not.
  • 3) Has paid at least 120 monthly contributions
    before semester of retirement.

15
Voluntary OFW Coverage Program
  • Disability
  • - Cash benefit, in either monthly pension or lump
    sum, paid to a member who becomes disabled,
    either partially or totally.
  • Qualifications
  • 1) suffering from partial or total disability.
  • 2) with at least one month contribution paid to
    SSS prior to the semester of contingency.
  • Less than 36 premium payments LUMP SUM
  • 36 or more premium payments PENSION
  • Dependents Pension is given to qualified minor
    children of a totally disabled pensioner

16
Voluntary OFW Coverage Program
  • Death
  • Cash benefit, in either monthly pension or lump
    sum, paid to the beneficiaries of the deceased
    member.
  • Pension - payable to primary beneficiaries of a
    member who has paid 36 or more premium payments
    prior to the semester of contingency.
  • Lump sum - payable to primary beneficiaries of a
    member who has paid less than 36 premium
    payments. Payable also to the secondary
    beneficiaries.
  • Dependents Pension - payable to qualified minor
    children (not more than five) of a death
    pensioner.

17
Voluntary OFW Coverage Program
  • Funeral
  • a funeral grant of P20,000 is given to whoever
    paid the burial expense of the deceased member.

18
Voluntary OFW Coverage Program
  • Sickness
  • A daily cash allowance paid to a member for the
    number of days he is unable to work due to
    sickness or injury.
  • The cash allowance is equivalent to 90 of
    average daily salary credit, for a maximum of 120
    days per year.
  • Qualifications
  • 1) Unable to work due to sickness or injury.
  • 2) Confined at home/hospital for at least 4
    days.
  • 3) With at least 3 premium payments within the
    last 12 months before the semester of
    contingency.
  • 4) Must have notified the SSS.

19
Voluntary OFW Coverage Program
  • Maternity
  • A daily cash allowance granted to a female member
    who is unable to work due to childbirth or
    miscarriage.
  • The cash allowance is equivalent to 100 of
    members average daily salary credit granted for
    60 days for normal delivery or miscarriage or 78
    days for caesarian delivery (for first 4
    deliveries/miscarriages only)
  • Qualifications
  • Must have notified the SSS.
  • With at least 3 premium payments within the last
    12 months before the semester of contingency.

20
Voluntary OFW Coverage Program
  • Loans
  • Salary
  • Housing
  • House Repair Improvement
  • Business Development

21
Voluntary OFW Coverage Program
  • Flexi - Fund (National Provident Fund)
  • Provident Fund for OFW-members that allows them
    to save part of their earnings abroad for future
    needs
  • Offers flexible payment terms, high-interest and
    tax-exempt earnings through secure/risk-free
    investments
  • Benefits
  • Retirement
  • Disability
  • Death
  • Early Withdrawal

22
Foreign Representative Offices
23
Chart 1 No. of Registered OFWs (Cumulative)
24
Chart 2 OFW Collections for the Year
25
End of Presentation
  • THANK YOU!!!
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