Title: Social Security Protection of OFWs through the Social Security System
1Social 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
2Outline of Presentation
- SSS Mission and Vision
- Reaching out to OFWs
- Bilateral Agreements
- Voluntary OFW Coverage
- SSS Foreign Representative Offices
- OFW Coverage and Collection
3The 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
4The SSS Vision
- Viable
- Universal
- Equitable
- World-class service
5Reaching out to OFWs
Social Security Bilateral Agreements
Voluntary OFW Coverage Program
Voluntary Flexi-Fund Program
6Bilateral 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)
7Bilateral Agreements
- Salient Features
- Mutual assistance
- Equality of treatment
- Export of social security benefits
- Totalization of membership periods
8Voluntary 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
9Voluntary 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
10Voluntary 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
11Voluntary OFW Coverage Program
- Monthly Contribution Rate
- 10.4 of the OFWs salary, not exceeding P15,000
per month - Minimum P 520
- Maximum P1,560
12Voluntary 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
13Voluntary OFW Coverage Program
- Benefits
- Retirement
- Disability
- Death
- Funeral
- Sickness
- Maternity
14Voluntary 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.
15Voluntary 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
16Voluntary 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.
17Voluntary OFW Coverage Program
- Funeral
- a funeral grant of P20,000 is given to whoever
paid the burial expense of the deceased member.
18Voluntary 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.
19Voluntary 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.
20Voluntary OFW Coverage Program
- Loans
- Salary
- Housing
- House Repair Improvement
- Business Development
21Voluntary 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
22Foreign Representative Offices
23Chart 1 No. of Registered OFWs (Cumulative)
24Chart 2 OFW Collections for the Year
25End of Presentation