Details about the SSS Unemployment Benefit Amount 2024 for Members Who Lost Job

SSS UNEMPLOYMENT BENEFIT AMOUNT 2024 – Here’s a guide on how much a member of the Social Security System may get under the offer.

Have you heard about the SSS Unemployment Benefit offer of the Social Security System? It is one of the most beneficial offers of the state-run social insurance giant which has millions of members who are relying to their employment as their source of income.

Truth be told that losing one’s job which can be the source of all the finances for food, schooling of the kids, medication, etc. can be very devastating. Thus, it is important to make some preparations or at least have a safety net.

Members of the Social Security System actually has a safety net through the SSS Unemployment Benefit that can provide a financial solution while the member is jobless.

An SSS member who lost his/her job involuntarily due to any ground that is not the fault of the member or the member has no direct control may apply for the Unemployment Benefit offer. The following grounds are considered:

• Article 298 and 299 of Presidential Decree No. 442 or Labor Code of the Philippines
  • Use of machineries to speed up work
  • Redundancy in employment
  • Reduction of workforce
  • Company closure
  • Health reason
• Wrongful treatment from the employer
• Dropping of the economy
• Natural calamity

Who are qualified under the SSS Unemployment Benefit offer? Here is a list of the eligibility criteria cited by the state-run social insurance institution under the benefit offer:

• not over 60 years old upon the termination from service except for the following situations:
  • if underground or surface mineworker, member-applicant must not go beyond 50 years of age to qualify
  • if racehorse jockey, the member-applicant must not be above 55 years old
• has paid not less than a total of 36 monthly contributions with 12 of the premiums posted within the 18-month period prior to the month of termination from employment
• has not received an unemployment benefit within the last three (3) years prior to the month of termination from work

With regards to the SSS Unemployment Benefit amount, according to the state-run social insurance agency, it “is equivalent to twice the half of the member’s average monthly salary credit (AMSC)”.

The SSS Unemployment Benefit amount is granted through a one-time payment. The filing of the claim must be made within a year since the involuntary separation from work. There are documentary requirements for the SSS Unemployment Benefit application that the member must submit.

The following grounds for jobloss may disqualify an SSS member from being granted the SSS Unemployment Benefit offer:

• Serious misconduct
• Willful disobedience to lawful orders
• Gross and habitual neglect of duties
• Fraud or willful breach of trust/loss of confidence
• Commission of a crime or offense
• Analogous cases like abandonment, gross inefficiency, disloyalty/ conflict of interest/ dishonesty