My mom is a publich school teacher. That's the reason why she became member of the GSIS or Government Service Insurance System. And after retiring last 1998, my mom got the lumpsum of her 5 years pension.
However, after 5 years, my mom did not receive only the GSIS pension but also the SSS pension.
I thought at first that it's not allowed to have a GSIS pension and SSS pension at the same time. But my mom's experience taught me a lot of lessons.
Then when my father died, she even received half of my father's pension. So, she's now receiving three sets of pension.
It's nice to think of this thing. Remember a retired person still receives money.
Well, my mother invested her money to this. So, there's no wonder that she's now earning what she invested.
Tuesday, July 14, 2009
Some Thoughts on Social Security Disability Benefits in US
Almost everyone in the United States knows that Social Security does not only involve bestowing monthly payments to retired people in the country.
Besides providing retirement income, the Social Security program is primarily geared to act as insurance for citizens of the country who are facing financial troubles. The following are several of the qualified situations, but are not limited, concerning the provision of Social Security benefits:
The most familiar types of Social Security benefits are distributed by the following percentages:
The Social Security Disability program provides benefits for people who became disabled that caused the limitation or prevention of his/her ability to perform what the Social Security terms as "substantial gainful activity." Simply put, the disability becomes the primary reason for the person's inability or limitation to work and earn income.
In order to qualify and receive the disability benefits, a person must prove that he or she is "fully insured." This generally means that he or she must have worked for long enough and has deposited enough money to the Social Security system.
Unlike the number of years worked in terms of the computation for retirement benefits, the social security disability benefits measures eligibility based on the age of the claimant.
Gainful activity must have been impeded by a mental or physical health problem for a continued period of 12 months in order to become covered or eligible for disability insurance. Those with substance abuse problems like alcohol and drug abuse will not be covered for such benefits.
All of those, whose claims for disability benefits are approved either by the Social Security Administration or by an Administrative Law Judge, will receive regular payments generally like the retirement benefits. The first benefit payment is set at the time the person's disability has gone on 5 months already. This is considered the "five-month waiting period".
A person may receive significantly lesser amount of benefits when he or she was still relatively young at the time the disability started.
Similar to the retirement benefits, other family members, beside the disabled claimant can also receive the disability benefits. The criteria are also similar to determining other family member beneficiaries for retirement insurance as provided below:
Besides providing retirement income, the Social Security program is primarily geared to act as insurance for citizens of the country who are facing financial troubles. The following are several of the qualified situations, but are not limited, concerning the provision of Social Security benefits:
- insurance for working people who have reached retirement age
- insurance for surviving children or spouse of someone who had passed on
- insurance for people who have acquired disability
- benefits for veterans
- insurance for people who encountered unemployment
- welfare for impoverished people like food stamps and other basic needs
The most familiar types of Social Security benefits are distributed by the following percentages:
- Beneficiaries for retirement program - 69%
- Beneficiaries for Social Security Disability program - 17%
- Beneficiaries for survivors - 14%
The Social Security Disability program provides benefits for people who became disabled that caused the limitation or prevention of his/her ability to perform what the Social Security terms as "substantial gainful activity." Simply put, the disability becomes the primary reason for the person's inability or limitation to work and earn income.
In order to qualify and receive the disability benefits, a person must prove that he or she is "fully insured." This generally means that he or she must have worked for long enough and has deposited enough money to the Social Security system.
Unlike the number of years worked in terms of the computation for retirement benefits, the social security disability benefits measures eligibility based on the age of the claimant.
Gainful activity must have been impeded by a mental or physical health problem for a continued period of 12 months in order to become covered or eligible for disability insurance. Those with substance abuse problems like alcohol and drug abuse will not be covered for such benefits.
All of those, whose claims for disability benefits are approved either by the Social Security Administration or by an Administrative Law Judge, will receive regular payments generally like the retirement benefits. The first benefit payment is set at the time the person's disability has gone on 5 months already. This is considered the "five-month waiting period".
A person may receive significantly lesser amount of benefits when he or she was still relatively young at the time the disability started.
Similar to the retirement benefits, other family members, beside the disabled claimant can also receive the disability benefits. The criteria are also similar to determining other family member beneficiaries for retirement insurance as provided below:
- Spouse who is already over 62 years old
- Spouse who is of any age and caring for children or a child under 16 years old
- Spouse who is of any age and caring for a child with disability before the 22 years old
- Divorced spouse over 62 years old. Your marriage with him or her should have lasted at least 10 years.
- Unmarried children under 18 years old or still studying in high school
- Children or child who acquired disability before they reached 22 years old
by CCB
Monday, July 6, 2009
Disappointed
You know, I'm a little bit disappointed upon learning that this blog is nowhere found in the top 3 pages of the SERP when searching for the SSS Online Inquiry. I couldn't tell what's the problem with it. But it might be because there are only few linking back to this blog compared to the other blogs listed on the SERP.
But I know, I can still outranked those blogs. I just need to do the SEO things that I knew.
But I know, I can still outranked those blogs. I just need to do the SEO things that I knew.
Tuesday, June 30, 2009
Why You Need Disability Insurance?
More than likely if you have life insurance and suddenly die, you can count on the debt you left behind being paid off. However, most people do not really think about how their family financial situation will be handled if they are simply injured and unable to work. Could your family continue to put food on the table, pay the rent, obtain medical care, and other necessities if you no longer had an income? You might think somehow that social security will cover it, or the government has some sort of disability program. The odds are however that you won't qualify.
The scariest part of becoming disabled and unable to work, is that it has a higher probability of occurring than dying. Yes we all die eventually but did you know there is a 30% chance that if you are above 30 years old you will be unable to work for a significant period of time between now and the time you are 60? This is a simple statistic that most people overlook but may have to face at some point in their life.
When you think of your monthly budget, seriously consider including the cost of disability insurance. It is not as expensive as you might think. Most insurances agents sell the more common types of insurance such as term life, liability and auto insurance. However, if you are looking for a smart business decision, this is one of them. Even if you never get injured, it is a good precautionary measure. However, if you do get hurt you will be able to stay afloat and not incur debt or have to dip into retirement savings. You will probably never regret having disability insurance. It is always a wise investment.
The scariest part of becoming disabled and unable to work, is that it has a higher probability of occurring than dying. Yes we all die eventually but did you know there is a 30% chance that if you are above 30 years old you will be unable to work for a significant period of time between now and the time you are 60? This is a simple statistic that most people overlook but may have to face at some point in their life.
When you think of your monthly budget, seriously consider including the cost of disability insurance. It is not as expensive as you might think. Most insurances agents sell the more common types of insurance such as term life, liability and auto insurance. However, if you are looking for a smart business decision, this is one of them. Even if you never get injured, it is a good precautionary measure. However, if you do get hurt you will be able to stay afloat and not incur debt or have to dip into retirement savings. You will probably never regret having disability insurance. It is always a wise investment.
SSS Information Seminar
The SSS Information Seminars are held at the SSS Building, East Avenue, Diliman, Quezon City. The minimal fee includes the cost of information materials and other training expenses.
Below is the schedule of the SSS Seminar:
Below is the schedule of the SSS Seminar:
- In-House Information Seminar - a half-day forum discussing the SSS programs and policies with top SSS officials as panelists. (May 27, 2009, June 24, 2009, July 29, 2009) - P120.00
- In-depth Information Seminar - a four-day intensive discussion of the different SSS and EC programs including guidelines and computation of benefits. (May 4-7, 18-21, June 1-4 & 15-18, July 6-9 & 20-23) - P350.00
- General Information Seminar - a half-day seminar that provides an overview of SSS and EC programs in a small group setting. (May 15 & 29, 2009, June 5 & 19, 2009, July 3 & 17, 2009) - P120.00
- Pensioners' Day - Multi-Purpose Sports Center (May 8 & 22, 2009, June 12 & 26, 2009, July 10 & 24, 2009) - Free
- OFW Day (June 30, 2009) - Free
Sunday, June 21, 2009
Happy Fathers Day SSS Members
Sa pagkakataong ito, nais ko pong batiin ang lahat ng fathers na mga sss members here. Happy Happy Fathers' day.
Minsan aking naitanong sa aking sarili, alin ang mas maraming members ng SSS, ang mga fathers ba o ang mga mothers. Pero by considering the fact na sa ating mga Filipino, ang lalaki ang nananagot na magtrabaho o maghanap buhay para sa kanikanilang pamilya, I think, totoong ang mga fathers nga ang may pinakamaraming bilang sa mga meyebro ng SSS.
Ilan na rin kaya sa mga fathers na ito ang nag-enjoy ng mga benefits ng SSS?
Sana nga maisaayos na ang SSS Online Inquiry system ng SSS at nang macheck ko ang aking accounts.Nag-aalala minsan ako baka kung may ibang tao na ang nagloan through my account. May ganyan kasing mga stories diba? Na kahit minsan ang tunay na may ari ng SSS account ay hindi nagloan, pero ng tingnan nila yung account nila, meron na silang loans.
Minsan aking naitanong sa aking sarili, alin ang mas maraming members ng SSS, ang mga fathers ba o ang mga mothers. Pero by considering the fact na sa ating mga Filipino, ang lalaki ang nananagot na magtrabaho o maghanap buhay para sa kanikanilang pamilya, I think, totoong ang mga fathers nga ang may pinakamaraming bilang sa mga meyebro ng SSS.
Ilan na rin kaya sa mga fathers na ito ang nag-enjoy ng mga benefits ng SSS?
Sana nga maisaayos na ang SSS Online Inquiry system ng SSS at nang macheck ko ang aking accounts.Nag-aalala minsan ako baka kung may ibang tao na ang nagloan through my account. May ganyan kasing mga stories diba? Na kahit minsan ang tunay na may ari ng SSS account ay hindi nagloan, pero ng tingnan nila yung account nila, meron na silang loans.
Friday, June 19, 2009
Nawala Uli
Sayang naman! Bigla ba namang nawala sa first page ang blog na ito. Pambihira naman oo. But anyway, wala tayong magawa talagang ganyan e. Just like what I said already, very competitive and "SSS Online Inquiry" na keyword. Itutuloy lang natin ang mga ginagawa natin dito.
And besides, I think, walang backlinks ang blog na ito. So kung ganoon, kailangan ko nang mangolekta ng backlinks from other websites. Pero ang tanong, Paano?
Maraming paraan. Syempre, maraming paraan. Ang kailangan lang talaga ay ang magsikap tayo, kumilos tayo, at gumawa tayo.
At sigurado ako na after few months, tataas uli ang blog na ito at nasa first page na. At hindi lang first page, number 1.
And besides, I think, walang backlinks ang blog na ito. So kung ganoon, kailangan ko nang mangolekta ng backlinks from other websites. Pero ang tanong, Paano?
Maraming paraan. Syempre, maraming paraan. Ang kailangan lang talaga ay ang magsikap tayo, kumilos tayo, at gumawa tayo.
At sigurado ako na after few months, tataas uli ang blog na ito at nasa first page na. At hindi lang first page, number 1.
Subscribe to:
Posts (Atom)