SSS death benefits disbursements down
March 25, 2021 - Mayvelin U. Caraballo, TMT
The Social Security System (SSS) said its disbursements for death benefit claims shrank last year.
In a statement on Tuesday, it said disbursements under the Social Security Fund in 2020 slid by 2.28 percent to P54.56 billion from the P55.93 billion in 2019. It benefitted 1.05 million members, lower than the 1.06 million in 2019.
SSS President and Chief Executive Officer Aurora Ignacio blamed the decrease in disbursements for death claims to the quarantine protocols implemented as early as March last year, which limited the movement of the people.
“Considering that filing of death benefit claims is still being done thru the drop-box system, branch appointment, or through number coding system, the number of benefit claims received and processed were also affected,” she added.
“Our employees are also on an Alternative Working Arrangements — in compliance with Civil Service Commission guidelines, which means only 50-70 percent of our personnel works in the office permanently,” Ignacio said.
The state-run agency explained it grants death benefit cash allowance to beneficiaries of a deceased member, either as a monthly pension or lump sum amount. A monthly pension is given to primary beneficiaries of the deceased member who has paid at least 36 monthly contributions before the semester of death.
They are also entitled to a 13th month pension payable every December and an additional P1,000 benefit on top of the monthly pension. However, a one-time lump sum amount is given to the beneficiaries of a deceased member who has paid less than 36 monthly contributions before the semester of death.
The SSS also reported that death benefit payments under the Employees Compensation Fund reached P1.05 billion in 2020 to 16,252 members, lower compared to the P1.13 billion in 2019 to 16,264 members.
“Already in the pipeline is the opening of online applications for Disability and Death claims as part of our digitalization campaign called ‘ExpreSSS,” Ignacio said.
“This is our digital services program that aims to provide SSS members and pensioners with simpler, faster, and more convenient means for registration, filing of benefit and loan applications, and other transactions,” she added.