Pension for 65 Years Old with Less Than 120 SSS Contributions
If you’re now nearing 65 years old
and you know that you will not be able to accumulate the 120 monthly contributions required for SSS pension,
and you want to continue paying after age 65 to accumulate 120 contributions,
there are new rules now:
1. You need to submit to SSS your Application for Voluntary Payment of Contributions for Members Aged 65 Years Old or Over.
2. Dapat nakapagsimula kang nagbayad sa SSS at age 55 or younger.
3. Dapat din na sa age 65, nakapagbayad ka na ng at least 80 contributions.
SSS Flexi-Fund vs. Pag-ibig MP2 — Which Is a Better Investment?
Both these SSS Flexi-Fund and Modified Pag-ibig 2 (MP2) are savings programs offered by government agencies.
Both offer interest rates higher than those offered by banks for savings accounts and time deposits.
Both programs are guaranteed by the Philippine government.
Both are tax-free. Total savings plus their dividend or interest earnings are tax-free.
Here are the differences between the 2 programs:
SSS Educational Loan — Up to 20K Per Sem
Updated April 14, 2013 — SSS has increased the loan amount and has improved the rules!
Last February, my friend received from the postman her SSS educational loan check worth 15,000 pesos. She submitted her loan application on February 1, 2013 at an SSS branch. The next day, she saw on her online SSS account that her loan check was already generated. 12 days later, on February 13, she got from the postman her registered mail that contained her SSS loan check.
You can apply for this newly launched SSS Educational Loan program too.
Top 7 Reasons You Need to Enroll in Online SSS
Enroll in online SSS now. Why bother?
These are the Top 7 reasons why you need to enroll in the SSS online system called My.SSS:
Enroll in online SSS so you can check the following VERY IMPORTANT INFORMATION:
Failed Insurance Companies in the Philippines, Nov 15, 2012
These are the insurance companies placed under receivership, conservatorship or liquidation by the Insurance Commission, as of November 15, 2012, based on a list published on the IC website.
Homesonic in Starmall Gives More Fun to Visitor
Read how a visitor scheduled to fly back to her home abroad got mired into the pit of Homesonic in Starmall:
Homesonic – Starmall Edsa – 725-7335 – Scam
I am adding my complaint about their unethical tactics to the hundreds, possibly thousands of similar stories already on file on the internet and the Department of Trade & Industry.
It is amazing to me that with so many complaints every day (and not one satisfied customer!), this outfit is still in business — apparently pulling the same crooked stunts several times every day, preying on vulnerable widows, grandmothers, pregnant women, and elderly people.
My Story is the same as everybody else’s.
massage-chair
I was on my way to pick up my laundry on the afternoon of 8 Dec 2012 when a lady approached me outside the Homesonic Store in Starmall and said “We are having an anniversary giveaway so come in and get a free gift.” I said “No, I don’t need anything” The girl pulled me into the store, then pushed me down in a massage chair inside the store.
Good Changes in SSS Salary Loan Program
We’re glad that the SSS has improved its salary loan program. In January 2011, I wrote on this blog that SSS salary loans are not really low-cost, compared to some bank loans, such as the Credit-to-Cash of BPI Express Credit and the Easy Pay of BDO Credit Cards.
Now, finally, SSS has listened to members’ concerns, and these are the changes:
Peso Savings Accounts with No Maintaining Balance Requirement
Here are peso savings accounts with no maintaining balance requirement. Check their features, and choose one or two that serve your purpose.
BPI Easy Saver Savings Account
Saving Money with Modified Pag-ibig II — Higher Earnings, Government-Guaranteed
Updated January 11, 2013
Puede mo nang iwidro ang total Pag-ibig 2 savings mo earlier than your maturity date.
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You want to save and grow your money? Modified Pag-ibig II (MP2) is a great savings plan. It has advantages over regular savings accounts, time deposits, or pre-need plans.
Top 22 Life Insurance Companies in the Philippines, Assets Dec 2011
Here are the top 22 life insurance companies in the Philippines, based on total assets as of December 31, 2011, as published on the website of the Insurance Commission. READ MORE
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