Details about the SSS Death Benefit Amount 2024 for Members’ Beneficiaries

SSS DEATH BENEFIT AMOUNT 2024 – You can check the details here for a guide on the amount for the beneficiaries of a deceased SSS member.

Are you one of the members of the Social Security System? More popularly called SSS, it is best to know that your membership to the state-run social insurance giant may not only benefit you being the member but as well as your family.

Regularly posting SSS contribution savings is the sure way to be eligible to the benefits offered by the Social Security System as well as the loan offers. However, undeniably, not all members are fully aware about the offers that they may qualify for.

One of the SSS offers that may benefit not only the member but as well as his/her family is the SSS Death Benefit. Although passing away is unwanted in a lot of cases, truth be told that it is inevitable. Meanwhile, if you are an SSS member who has posted contributions in your account, you can have the peace of mind that your dependents will not be left with nothing.

Under the SSS Death Benefit offer, the beneficiaries can file for a claim and the money can help them in meeting the household expenses., the tuition of the kids, the food at home, etc. Undeniably, this can be a big help most especially if the deceased was the breadwinner of the family.

The benefit offer is open for the beneficiaries of members with an updated account. With regards to the SSS Death Benefit amount, it depends on the total contributions posted by the member prior to the semester of his/her death.

SSS Death Pension — In case the member has posted at least 36 monthly contributions prior to the semester of his/her death, the beneficiary/ies may get the highest amount yield by any of the following computations:

• 300 + (20% x AMSC) + (2% x AMSC) x (CYS – 10)
• 40% x AMSC
• minimum pension of Php 1,000 if CYS is below 10; Php 1,200 for 10 CYS; and Php 2,400 for 20 CYS

SSS Lump Sum — If the member has an updated account but his/her total monthly contributions posted does not reach 36 SSS monthly contributions, his/her beneficiaries may claim a lump sum benefit. It is equivalent to whichever is higher:

• Monthly Pension for every month of contribution paid to the SSS prior to the semester of death
• 12 times of the monthly pension

In filing for a claim, prepare the SSS Death Benefit requirements. The primary beneficiaries which includes the spouse and the children of a deceased SSS member is given priority.