Search results
The SSS President shall be appointed by the President of the Philippines and shall be a person of known competence, probity, integrity and recognized expertise in social security, pension fund, insurance, investment, banking and finance, economics, management, law or actuarial science.
SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954. This law was later amended by Republic Act No. 8282 in 1997. Government employees, meanwhile, are covered under a separate state-pension fund by the Government Service Insurance System (GSIS).
The use of symbols of the Nazi Party and Nazi Germany (1933–1945) is currently subject to legal restrictions in a number of countries, such as Austria, Belarus, Brazil, the Czech Republic, France, [1] Germany, [2] Hungary, Israel, Poland, [3] Romania, Russia, Ukraine and other countries. [4]
Official Gazette of the Republic of the Philippines
1 cze 2022 · The New SS Law of 2018 or R.A. No. 11199, made changes to the old SS Law that strengthen the policy of the government to provide a better social welfare security to the people, and also to make sure that violators of the said law shall be punished accordingly.
Republic Act No. 11199, otherwise known as the Social Security Act of 2018, expressly repealed Republic Act No. 1161 (the old Social Security Law) and Republic Act No. 8282 (amending the old previous Social Security Law). Signed into law on 07 February 2019, the new charter of the Social Security System took effect on 05 March 2019.
Under the new SSS law, the following legislated contribution rate and MSC (min and max) increases are set as it is imperative for the government to bring the SSS Fund Life to safe levels to promote an actuarially sound and viable social security institution. Year of Implementation Contribution Rate Share Monthly Salary Credit
