#SSS #SSSPension #SSSRetirementBenefit
One of the 7 benefits you can enjoy being an SSS member is the retirement benefit or often times we call a pension. The amount you'll get will depend on the number of contributions paid and the duration of being an active member.
There are two things you must do to be able to enjoy a higher benefit.
1. Increase your monthly salary credit prior to retirement. You may do it if you still have more than 5 yrs ahead of you before you retire.
2. Continue being an active member. Some say that you can stop paying your contributions after 5 years but to get a higher benefit, you must continue being a member.
Here's a complete video to help you compute your SSS retirement benefit.
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🕒 TIMESTAMPS
00:00-00:39 - Introduction
00:39-01:29 - Disclaimer
01:29-04:03 - Terms and conditions
04:03-05:30 - How to use the SSS table?
04:30-07:10 - 3 formulas to compute for your SSS pension
07:10-08:46 - Example Problem
08:46-10:03 - Example Computations
10:03-11:10 - Let's wrap it up!
11:10-12:08 - The average SSS pension thru the years
12:08-13:04 - Final thoughts
13:04-13:13 - Outro
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The video and description contain the creator's views and opinions and do not necessarily reflect the views and opinions of any insurance or investment company. I will earn a small commission from the affiliate links above. It will help the channel grow and allow me to create quality content. This video is for educational purposes only. Please always do your due diligence.
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Keywords:
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