SSS P.E.S.O. FUND

The Social Security System launched the SSS PESO Fund (Personal Equity and Savings Option)  a voluntary Provident Fund open for existing SSS members. It is voluntary Fund giving an opportunity to the members to save for their retirement tax-free and with guaranteed earnings.

Who may apply:

• All members of SSS who is below 55 years of age
• Have paid contributions in the regular program at least six (6) consecutive months within the 12-month period prior to the month of enrollment
• Self-employed (SE), voluntary (VM) and OFW members should be paying the maximum amount of contributions under the regular program
• Have not filed any final claim under the regular program

For enrollment please visit the nearest SSS branch near you. Membership in the Fund begins with the payment of the first contribution to the P.E.S.O. Fund. A member can contribute to the P.E.S.O. Fund anytime he/she has excess funds. Each member shall be allowed a maximum contribution of Php100,000.00 per annum and a minimum of Php1,000.00 per contribution.

The members contributions shall be allocated to three (3) types of accounts:

1. Retirement/Total Disability - 65%
2. Medical - 25%
3. General Purpose (such as education, housing, livelihood, unemployment) - 10%

Withdrawal from the SSS P.E.S.O. Fund are not allowed on retirement/total disability. The portion allotted to the medical and general purpose accounts are allowed to be withdrawn. The member will receive benefits from the P.E.S.O. Fund upon filing for a retirement, total disability or death claim under the regular SSS program. The member's contributions and the earnings from the SSS P.E.S.O. Fund  may opt to receive this in monthly pension, lump sum or a combination of both.

Source: https://www.sss.gov.ph/sss/appmanager/viewArticle.jsp?page=NR2015_032