Guide on What Will Happen To Pensioner’s SSS Monthly Pension In Case He/She Dies
SSS MONTHLY PENSION – Here is a guide on what will happen to the monthly pension of a Social Security System pensioner in case he or she dies.
The Social Security System or more commonly called as SSS has lots of benefits for its members. Most of its members are employees of private companies and self-employed individuals running their own businesses.
Undeniably, most people who applied for membership to the social insurance institution wanted to secure their future. They are looking forward to the retirement benefit which could either grant them a monthly pension or a lump sum.
The monthly pension is for those retired members who have paid at least 120 monthly contributions throughout their membership. The lump sum is for those who have not reached the limit. It is a one-time cash release from the social insurance institution.
The pensioner will be receiving an SSS monthly pension which can help him or her meet his or her needs after retiring from work. What will happen in case the pensioner dies?
Fate is unpredictable. There were people who just landed sixty(60) years old, enjoyed their monthly pension for a few months, and passed away due to various reasons.
Based on the official website of the Social Security System, 100% of the SSS Monthly Pension of a pensioner who dies will go to his or her primary beneficiary. His or her dependents will also receive an amount monthly – SSS Retirement Benefit – How Much A Dependent Can Get in Case Pensioner Dies.
In the primary beneficiary of a pensioner is his or her dependent spouse. In the absence of a primary beneficiary, the monthly pension will go to the secondary beneficiaries. The parents of the pensioner are considered as secondary beneficiaries.
Do you want to know how much a pensioner may receive monthly? Here’s a guide – SSS Pension Amount – Guide on Minimum Amount Pensioner Will Receive.
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