The topics below may be relevant to your daily activities, especially those which involve business law, labor law, and other legal areas of your business.
Business Law and Labor Law Updates
REMITTANCE OF CONTRIBUTIONS FOR SSS
Generally, the contributions imposed under the Social Security Act of 2018 shall be remitted to the Social Security System (SSS) within the first ten (10) days of each calendar month following the month for which they are applicable
Self-employed members shall remit their monthly contributions quarterly
An employer may be liable for failure to timely remit the contributions
PERMANENT DISABILITY BENEFITS UNDER THE SOCIAL SECURITY SYSTEM
The Social Security System (SSS) provides cash benefit to members with a total or partial permanent disability
The benefit is paid either as a monthly disability pension or one-time lump sum benefit
SSS member with a partial or total disability must have paid at least one-month SSS contribution before the semester of disability
DEPENDENTS AND BENEFICIARIES UNDER THE SOCIAL SECURITY SYSTEM
Dependents under the Social Security System (SSS) may be the legal spouse, children, or the parent of the member
There are two kinds of beneficiaries: the primary and the secondary
Secondary beneficiaries are to receive the benefits only in the absence of primary beneficiaries
DEATH AND FUNERAL BENEFITS UNDER THE SOCIAL SECURITY ACT OF 2018
The Death Benefit is a cash benefit either in monthly pension or lump sum paid to the beneficiaries of a deceased member
Lump sum benefit is a one-time cash benefit paid to the beneficiaries
The Funeral Benefit is intended to help defray the cost of funeral expenses upon the death of a member