Are currently unemployed or have a small business and you want to know how you can continue your SSS contribution even if you are not working? Yes you can now do that with a few simple guides I am going to reveal here as tips for those who are looking forward to pay their monthly member contribution to the Social Security System agency in the Philippines.
Tips Before Reactivating your SSS Account
First off, allow me to enlighten you of your choices for continuing what you have started with your remittance even if it has been left delinquent for a couple of months or years. If you are currently employed or if you have work again, it is pretty easy to continue with paying your monthly dues to the SSS. All you have to do is to ask your company to deduct your salary and pay your remittance. This will automatically reactivate your stagnant SSS account.
On initial knowledge, if you are not employed and you can afford to pay so you still want to continue with your contribution, you have 2 options. One is to be declare yourself or make a change of status from employed to either self-paying (voluntary paying member) or self-employed. Take note though that there is a difference between the two. As per my last inquiry to the Social Security Administration, if you declare yourself to be self-employed, you should either have your own small business. On the other hand, if you are going to declare or change your status to self-paying which means you will be paying your dues via voluntary status, there are still a few things and facts to consider.
Voluntary / Self Paying and Self Employed Status
As a voluntary member, you have to know that there are remittance payment brackets with which you will have to choose depending upon your capacity to pay in terms of the amount of money you are willing or could be able to produce on a monthly basis for payment of your member contribution. Here, you have to be sure to know the amount you can afford because after having it set with the SSS branch near you, there is no turning back.
Reactivating Stagnant Account for Loan and Pension Purposes
You have to consider though that if your goal with reactivating a delinquent account or stagnant account is to make a big loan later on or to have a bigger monthly pension as a senior citizen of the Philippines, you have to realize that the rule is – “the bigger the monthly contribution you pay to the SSS, the higher your loanable amount will be and the higher the monthly pension you are going to get later on when you reach retirement age of 60 years old.
With this in mind, I hope that most of you will understand the reason why lately, the Philippine government saw light in taxing the remittance of some SSS members who tend to pay really big amounts of money especially if they are to reach retirement age sooner.