Yes, you can claim your Philippine SSS pension even if you’re already a naturalized citizen of another country. I’m not working with SSS, but these are my basis: 1. Basically, you are still a Filipino citizen. Republic Act No. 9225, known as the Citizenship Retention and Reacquisition Act of 2003, declares that natural-born citizens […]
Mr. Juanito Calubaquib of Tuguegarao City was able to save with Pag-ibig a total of 1.6 million pesos, the biggest ever in Pag-ibig’s 33-year history, according to a news story by Pag-ibig on its website pagibigfund.gov.ph. Accordingly, Mr. Calubaquib also earned the biggest total dividends ever, amounting to 234,000 pesos. Last year, in 2014, […]
SSS has just launched another savings program called PESO, in May 2015. PESO means Personal Equity and Savings Option. Pag-ibig launched its savings program MP2 in February 2010. SSS launched its Flexi-Fund savings program in May 2002, but it was offered only to OFWs, and until now, Flexi-Fund is only for OFWs. Now, let’s compare […]
This is to respond to lots of questions sent to us about SSS pension adjustment for 1985 to 1989. We’re not from SSS, but we based our responses on sources listed at the bottom of this blog post. We could be wrong, so to be sure, you can ask SSS directly. Why is there […]
Where can parents save for their children’s college education? Many pre-need firms in the Philippines have collapsed. Where can we save and invest? So we will have money for our kids’ college tuition? There are investments like stocks, mutual funds and bonds, but we must learn about how they work first. If you want to […]
Question from one of our Young Readers: Puede po bang turuan nio ako about time deposit, kasi first time ko pa lang sa mga bagay na ganito. Sana po magbigay kayo ng examples galing sa sarili ninyong time deposits.
Updated June 2, 2014: Both 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. Both […]
Updated September 21, 2015: 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’ […]
Updated April 1, 2015 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.