Comparative SSS Nd GSIS Benefits and Requirements

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No. Benefits SSS GSIS 1. Death Benefits a. Lump sum & Monthly 36 mc 1. In the Service 2. If separated, 3ys nd 36mc 3. 180 mc 2. Disability 1yc Permanent Total & partial 1. In the Service 2. If separated, 3ys nd 36mc 3. 180 mc Temporary Total 1. In the Service 2. If separated, 3ys nd 36mc, SLx 3. Retirement Lumpsum & Monthly 1. 60U & 120mc 2. 65E/U & 120mc 65yo, 15ys & Nptd 4. Sickness 43UN none 5. Maternity 3NAB4 none 6. Monthly Pension none 7. Dependent Pension none 8. Separation None 1. 3ys – 15ys 2. 15ys – 60yo

description

comparative

Transcript of Comparative SSS Nd GSIS Benefits and Requirements

Page 1: Comparative SSS Nd GSIS Benefits and Requirements

No. Benefits SSS GSIS

1.Death Benefits

a. Lump sum & Monthly

36 mc

1. In the Service 2. If separated,

3ys nd 36mc3. 180 mc

2. Disability 1yc

Permanent Total & partial

1. In the Service 2. If separated,

3ys nd 36mc3. 180 mc

Temporary Total1. In the Service 2. If separated,

3ys nd 36mc, SLx

3. Retirement

Lumpsum & Monthly

1. 60U & 120mc2. 65E/U & 120mc 65yo, 15ys & Nptd

4. Sickness 43UN none

5. Maternity 3NAB4 none

6. Monthly Pension none

7. Dependent Pension none

8. Separation None 1. 3ys – 15ys2. 15ys – 60yo

9. Unemployment or Involuntary separation

None Involuntary & 1yc

10. Survivorship None Entitled to 50% of BMP

11. Funeral Together w/ death

Entitled to not less than 12k and shall be increased to atleast 18k after 5 yrs

Page 2: Comparative SSS Nd GSIS Benefits and Requirements

12. Life Insurance None Compulsory and Optional