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News Press Releases SSS MEMBERS WHO LOST THEIR JOBS TO BENEFIT UNDER NEW SSS LAW - GORDON

SSS MEMBERS WHO LOST THEIR JOBS TO BENEFIT UNDER NEW SSS LAW - GORDON


February 19, 2019 Press Releases

Senator Richard J. Gordon has pointed out that members of the Social Security System who will lose their jobs could apply for unemployment assistance under Republic Act 11199 or the Social Security Act of 2019, which was signed by President Rodrigo R. Duterte into law last week.

Gordon, author of the law, said the landmark legislation now provides for unemployment insurance or involuntary separation benefits for the state pension fund's members which could help tide them over while they are looking for another employment.

"For the first time in the country's history, meron na ngayong unemployment insurance. It will start with two months, at least meron kang P10,000 a month if you had been paying contributions under the maximum salary credit. For two months, makakapaghanap ka ng trabaho," he said.

Under Section 14-B of RA 11199, a member who finds himself involuntarily unemployed can claim unemployment benefit equivalent to 50 percent of his average monthly salary credit for a maximum of two months. The member should not be more than 60 years of age and has paid at least 36 months contributions, twelve months of which should be within the 18-month period prior to the involuntary unemployment or separation. A member can only claim unemployment benefits once every three years.

"It will allow you to look for another job. While hindi ka pwedeng magrelax at kailangang maghanap ka agad ng trabaho because you can only get a maximum of two months, you will have something for your expenses," the chairman of the Committee on Government Corporations and Public Enterprises stressed.