SSS Pension for 65 Years Old with Less Than 120 Contributions

Updated February 1, 2018

Question on SSS pension for 65 years old who have not accumulated the required 120 monthly contributions.

Will I qualify for SSS pension if I’m now 65 years old and my total number of SSS monthly contributions is still less than 120?

No. You will not yet qualify. You will need to continue paying to accumulate a total of 120 monthly contributions.

Can I pay in advance to complete the required 120 so I can claim my SSS pension now?

No, that is not allowed.

Advance payments are accepted and recorded, but they will NOT be posted and credited to your SSS account in advance. This means that if you will pay for one year in advance, your advance payments will be posted and credited to your SSS account from month to month over a period of 12 months.

What then are my options?

Option 1: You can continue paying from month to month until you accumulate 120 contributions to be able to qualify for SSS pension.

Once you reach your goal of 120 contributions, file your claim. If you plan to pay more so you can increase your pension amount, you are NO longer allowed to do so because you’re already past age 65.

Option 2: You can file your retirement claim now and get your lump sum (total of all your SSS monthly contributions plus interest).

For SSS members who are 60 years old with less than 120 SSS monthly contributions:

You also have 2 options:

1. continue paying to accumulate 120 contributions

2. file and claim your retirement benefit, which is a lump sum. The amount will be your total contributions plus interest.

For SSS members who are 60 years old with 120 contributions but would like to have a higher pension amount:

You can choose to continue paying contributions, up to age 65, so you will get a higher pension amount.

From the SSS Guidebook
Updated May 15, 2017A member filing for optional retirement (60 years old) and who has paid at least 120 monthly contributions shall be given the option to continue paying voluntary contributions up to 65 years old to avail of higher retirement benefit upon reaching 65.
Meanwhile, a member who is already 65 years old or older shall be given the option to pay voluntary contributions ONLY IF he/she has not yet attained the required 120 monthly contributions to be eligible for monthly pension. However, payment of contributions shall be
allowed only up to 120 months.

 


SSS has suspended the implementation of SSS Circular No. 2013 – 003,  which is the source of our article below.  

Kaya yong mga nakasulat na changes at instructions dito ay hindi VALID at hindi muna ipinapatupad.  We will wait for further updates.

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.

When should you submit your application?

Within the month following your 65th birth month

Para hindi ka magahol sa oras, at para hindi mo makalimutan, mag-submit ka na agad pagkatapos ng 65th birthday mo.

How much would be the monthly contribution?
[adsense]
It should be the same amount as your monthly contribution at age 65.

Can you decrease your monthly contribution?

No. You will pay the same amount all throughout until you complete 120 contributions.
If you decrease your contribution, you will instructed to claim your lump sum, and you will lose your chance to qualify for pension.

Can you have gaps in monthly payments?

No. If you miss 1 month, you will be instructed to claim your lump sum.
Late payments will not be accepted.

Can you pay more than 120 contributions to get a higher pension?

No. You will stop paying as soon as you accumulate exactly 120 contributins. Any excess will be refunded to you.

How About Those Who Are Already 65 Years Old or Older before the signing of this circular?

SSS members who have turned 65 years old before April 1, 2013 and who have not accumulated 120 contributions can continue paying. But they must file with the SSS their Application for Voluntary Payment of Contributions for Members Aged 65 Years Old or Over.

They are exempted from the No. 2 and No. 3 requirements above. This is because they turned 65 years old before the new rule was created.

Deadline for application is July 1, 2013.

If they miss this deadline, they will be instructed to claim their lump sum benefit.

Source: SSS Circular No. 2013 – 003, effective April 1, 2013, signed by SSS President and CEO Emilio S. De Quiros Jr. 

SSS pension for 65 years old

126 Comments

  1. cel sue November 5, 2019
  2. jun p. August 9, 2019
  3. Lizette August 9, 2019
  4. Gemifer zari ragual June 28, 2019
  5. cel sue June 27, 2019
  6. Nora March 6, 2019
  7. rosito rosalita February 28, 2019
  8. Nora January 12, 2019
  9. garry January 11, 2019
  10. Nora December 7, 2018
  11. Rona December 3, 2018
  12. Nora December 3, 2018
  13. melmar December 3, 2018
  14. Nora February 1, 2018
  15. Cheryl January 30, 2018
  16. Jhe November 12, 2017
  17. nandoy September 21, 2017
  18. Rebecca Panganiban Matias September 21, 2017
  19. Rodalina D Corpuz August 30, 2017
  20. Rodalina D Corpuz August 30, 2017
  21. Monica Tan July 6, 2017
  22. Nora May 25, 2017
  23. rogelio sanchez May 24, 2017
  24. Gladys May 2, 2017
  25. Nora May 2, 2017
  26. Gladys May 2, 2017
  27. Nora April 21, 2017
  28. Jep April 19, 2017
  29. Nora April 5, 2017
  30. Carlito t. Jagocoy April 4, 2017
  31. Nora April 2, 2017
  32. Carlito t. Jagocoy April 2, 2017
  33. Leonardo Gabon March 30, 2017
  34. Leonardo Gabon March 30, 2017
  35. Meldy March 11, 2017
  36. Meldy March 11, 2017
  37. Rey February 19, 2017
  38. Nora February 17, 2017
  39. Rey February 16, 2017
  40. Letcia Amugod January 19, 2017
  41. Ginalyn January 16, 2017
  42. marlon January 11, 2017
  43. marlon January 11, 2017
  44. Donna November 29, 2016
  45. Nora November 18, 2016
  46. DORIA Posadas November 16, 2016
  47. DORIA Posadas November 16, 2016
  48. Fea July 18, 2016
  49. Nora July 7, 2016
  50. Maybelline July 7, 2016
  51. Primo C. Juntilla June 13, 2016
  52. Nora June 5, 2016
  53. Andrew R. Esguerra June 5, 2016
  54. Nora May 3, 2016
  55. alexander alas May 3, 2016
  56. Nora April 18, 2016
  57. Kit April 17, 2016
  58. Nora February 19, 2016
  59. Malu February 19, 2016
  60. Nora January 21, 2016
  61. irish mapas January 19, 2016
  62. Nora September 19, 2015
  63. Hermie September 18, 2015
  64. Ritz Teh July 9, 2015
  65. Nora April 21, 2015
  66. Ben April 20, 2015
  67. Nora April 14, 2015
  68. roseane April 14, 2015
  69. Nora December 16, 2014
  70. Jose S. San Agustin, Jr. December 16, 2014
  71. Nora October 14, 2014
  72. carmen deveza martinez October 14, 2014
  73. josh October 14, 2014
  74. Nora October 10, 2014
  75. Grace October 7, 2014
  76. Nora September 5, 2014
  77. bobby santos September 5, 2014
  78. Nora August 24, 2014
  79. brian August 22, 2014
  80. Nora August 21, 2014
  81. Arthur reyes August 20, 2014
  82. Nora August 4, 2014
  83. michael August 4, 2014
  84. Nora July 14, 2014
  85. Abby July 14, 2014
  86. Nora July 14, 2014
  87. Abby July 13, 2014
  88. Nora May 13, 2014
  89. Agtnes A. De Sagun May 12, 2014
  90. Nora March 2, 2014
  91. Angel Del Rosario March 2, 2014
  92. Nora January 16, 2014
  93. mike January 14, 2014
  94. Nora December 11, 2013
  95. Alfredo December 10, 2013
  96. Nors October 23, 2013
  97. Jenneth Mazo October 22, 2013
  98. Nors August 19, 2013
  99. rosaliecenteno August 18, 2013
  100. cristina menor July 18, 2013
  101. Nors July 9, 2013
  102. Glenn Chan July 9, 2013
  103. Nors July 3, 2013
  104. Iyam July 3, 2013
  105. Nors June 29, 2013
  106. gwyneth June 28, 2013
  107. Nors June 20, 2013
  108. Gemma B. Cruz June 19, 2013
  109. Nors June 8, 2013
  110. jesa June 7, 2013
  111. Nors June 7, 2013
  112. jesa June 7, 2013
  113. Nors June 7, 2013
  114. jesa June 5, 2013
  115. Nors June 5, 2013
  116. jesa June 4, 2013
  117. Nors June 4, 2013
  118. jesa June 4, 2013
  119. jesa June 4, 2013
  120. Nors June 3, 2013
  121. jesa June 2, 2013
  122. Nors June 2, 2013
  123. may June 2, 2013
  124. sonny dela rosa June 1, 2013
  125. Nors May 21, 2013
  126. Mae May 20, 2013

Leave a Reply