How To Avail OFW Exclusive Benefits From SSS
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Did you know that as an Overseas Filipino Worker (OFW), you have access to exclusive benefits from the Social Security System (SSS)? These were established to help Filipinos working abroad and their families achieve financial security and a plan they can rely on in times of need.
Overseas Filipino Workers (OFW)
- An OFW is any Filipino, whether land-based or sea-based, who is or has engaged in paid work in a country where they are not citizens, immigrants, or permanent residents, or not awaiting naturalization, recognition, and admission.
OFW SSS Member Coverage
All the benefit provisions under SSS Law are applicable to all covered OFWs.
OFWs also have loan privileges subject to qualifying conditions.
- Salary loan
- Calamity loan
- Pension loan
To know more about the OFW Coverage program, click here.
Flexi-Fund Program for OFWs
Are you an OFW who has a difficult time prioritizing yourself and building your future because you have present obligations that you need to fulfill first? Relying solely on your regular SSS pension might not be able to cover all of your expenses once you retire, having options to strengthen your financial security is extremely important.
The Flexi-fund Program, is a tax-exempt pension-savings plan created by the SSS to give OFWs a way to save a portion of their income overseas and optimize investment results.
How to qualify as a Flexi-fund program member?
– The OFW member’s most recent contribution must be calculated using the standard SSS coverage program’s maximum monthly salary credit (MSC), which is now P20,000.
Flexi-Fund Program Facts
- Flexible contribution payment terms
- No initial deposit restrictions
- Guaranteed earnings
Click here to know more about the program.
To enjoy these benefits, make sure to keep track of your monthly SSS contributions to avoid any penalties. You may now make these payments online using the Smiles Mobile Remittance App, anytime and anywhere.
Learn how to pay your SSS contributions online here.
