The Social Security System (SSS) of Republic of the Philippines has announced the SSS pension schedule for 2024. The citizens who are eligible for the social security benefits can claim their monthly payment on the scheduled payment dates. The SSS has initiated a number of financial assistance programs in order to provide a major financial relief to the citizens who are affected by the inflation and rising cost of living in the country. You can check your eligibility criteria before applying for the pension. These payments are electronically transfer to the eligible recipient on a monthly basis. On continuing to this post, you can get all the details regarding the social security payments along with the SSS pension date for July-August in 2024. Read the full post so that you cannot miss any details regarding the SSS payment amount, its eligibility criteria and how can you claim the monthly aid.
SSS Pension Date July-August 2024
For the betterment and the welfare of its citizens, the SSS aims to provide a number of benefits to the needy citizens such as retirement pension, disability pension, sickness benefits, maternity benefit, death benefit, funeral benefit, unemployment benefit, etc. Established as of Social Security Act of 1954 in Philippines, the SSS is a social welfare program for the workers in private, professional and informal sectors. The major purpose of SSS is to make sure no citizen has to suffer from a financial crisis whether they are in their retirement age or unemployed due to a disability. Apart from that, the SSS ensure that the survivors have a stable source of income in case of the death of head of the household. It is advised to all the citizens to be aware of the eligibility requirements that must be qualified in order to claim the monthly aid.
During their employment age, workers have to contribute a portion of their income to the SSS in order to receive the retirement benefits. The payment amount that you are entitled to claim will depend on how much and for how long you have contributed to the SSS while you are in your employment age. As of 2024, if you are working under an employer, then you are allowed to contribute 4.5% of your monthly income to the SSS. On the other side, if you are an employer, then you are required to contribute 9.5% of your income. The self-employed citizens will have to contribute 13% of their declared monthly earnings in order to receive the SSS pension. However, it is to notify to the recipients, that there is a certain contribution limit to which you can contribute. Exceeding the limit will result in tax imposition on your pension amount.
SSS Pension Date July-August Quick 2024 Overview
| Post title | SSS Pension Date for July-August 2024 |
| Country | Philippines |
| Department | Republic of the Philippines Social Security System |
| Category | Government aid |
| Applicable for | Eligible citizens |
| Months | July-August |
| Year | 2024 |
| Official website | Sss.gov.ph |
How Much Can You Get Under SSS Pension in July-August 2024?
Based on your age and how much and for how long you have contributed to the SSS, the following categories can offer you certain average payment amount on qualifying the eligibility criteria:
| Category | Payment amount |
| Retirement pension | Minimum 1,200 PHP (10 credited years) or 2,400 PHP (20 credited years) per month |
| Disability pension | Minimum 1,000 PHP (less than 10 credited years) or 2,400 PHP (20 credited years) per month |
| Sickness pension | 90% of the average daily salary credit for up to 120 days per year |
| Death benefit | 1,000 PHP (less than 10 credited years)
1,200 PHP (10 credited years) 2,400 PHP (20 credited years) |
| Funeral pension | PHP 20,000 to PHP 40,000 as per contribution and salary |
| Unemployment pension | 50% average monthly salary for two months |
NOTE:
- Credited years refers to the number of years you have contributed to the SSS.
- The above-mentioned data is sourced by the official website and may differ in future as per inflation and rise in living expenses.
What are the SSS Pension Dates July-August in 2024?
Usually, the Social Security System of Philippines distributes the monthly pension in the last week of the month. However, the monthly payment dates may vary each month. The last SSS payment was out on 28th June 2024 and as we are in the month of July, applicants can expect their next payment to arrive on 31st of this month. In addition to it, I have provided the annual SSS pension dates for the following months in the table mentioned below:
| Month | Payment dates |
| July | July 31, 2024 |
| August | August 30, 2024 |
| September | September 30, 2024 |
| October | October 31, 2024 |
| November | November 29, 2024 |
| December | December 31, 2024 |
Note: It is to notify to the SSS beneficiaries that the payment dates may vary as per the guidelines of the authorities. For more information, you can also visit the official website of the Social Security System.
Are You Eligible for Maximum SSS Pension in 2024?
It is important for all the citizens to be aware of the eligibility requirements in order to claim the SSS pension. Before you proceed to further procedures, you can take a look at the eligibility criteria which is set by the authorities in the points listed below:
- A person must be a citizen and a permanent resident of the Republic of Philippines.
- A person must be at least 15 years old or above.
- If you do not have any work for an income source, then you can also apply.
- A person with a disability or sickness which restricts him/her to work are also eligible.
- For retirement pension, a person must be at least 60 years old and must not rely on any other employment source.
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