Details about the SSS Unemployment Benefit Amount 2024 for Members
SSS UNEMPLOYMENT BENEFIT AMOUNT 2024 – Here’s a guide on how much a member of the Social Security System may get in time of job loss.
The Social Security System has crafted a go-to for its members in times of huge financial needs such as in the instances of calamity, unemployment, disability, sickness, etc. Its aid come in the form of loans and benefits that members may qualify for.
The Social Security System is one of the giant social insurance institutions in the country. It has millions of members composed of individuals in and out of the country. Thus, millions of people may also have access to turn-tos in times drastic financial needs.
Aside from the SSS loans which include the SSS Salary Loan, the SSS has several benefit offers. One of which is the SSS Unemployment Benefit offer. It was designed so that members may have a go-to when involuntary job loss takes place.
Who are qualified to file for an SSS Unemployment Benefit claim? Here are the eligibility criteria set by the social insurance institution under the loan offer:
- an active member of the SSS before the involuntary separation from work
- at least 18 years old upon the filing of claim but not over 60 years old
- has posted at least 36 monthly contributions in his/her account
- not a recipient of any other SSS benefit
- has no unsettled SSS Unemployment Benefit within the last three (3) years before the date of the current unemployment started
With regards to the SSS Unemployment Benefit amount, the social insurance institution stated that it may be an “equivalent to twice the half of the member’s average monthly salary credit (AMSC)”. You can check your AMSC based on your SSS Contribution Rates 2024.
The SSS Unemployment Benefit amount may be granted through a one-time payment. It must be claimed within a year from the date of involuntary job loss. However, please be reminded that there are ground for disqualification. Job loss due to any of the following is not qualified under the benefit claim offer:
- Gross and habitual neglect of duties
- Willful disobedience of legal orders from the employer or company
- Commission of crime or offense
- Voluntary resignation
- Serious misconduct or violation of the company’s rules and regulations
- Willful breach of trust or commission of dishonesty
To file for a claim, prepare and submit the requirements for SSS Unemployment Benefit Claim application.