Republic of the Philippines Social Security System (2024)

FAQs

Can I collect my U.S. social security in the Philippines? ›

If you are a U.S. citizen, you may receive your Social Security payments outside the U.S. as long as you are eligible for them.

Old-age pension (social insurance): The pension is the highest of: 300 pesos plus 20% of the insured's average monthly covered earnings and 2% of average monthly covered earnings for each credited year of service exceeding 10 years; 40% of the insured's average monthly covered earnings; 1,200 pesos with at least 10 but ...

SSS Pension Formula 2:

The second formula calculates your monthly pension using your credited years of service (CYS) and the minimum guaranteed pension. Your monthly pension is ₱1,200 if your CYS is between 10 and 20 years. Your monthly pension is ₱3,400 (₱2,400 + ₱1,000) if your CYS is 20 years or more.

The minimum monthly Retirement Pension is P1,200 if the member has 120 months contribution or at least ten (10) CYS; or P2,400 if with at least 20 CYS. A cash benefit granted - either as a monthly pension or a lump sum amount - to the beneficiaries of a deceased member.

Luckily, there is no time limit on how long you can live outside the U.S. and still receive monthly Social Security payments. As long as proof of life documents are signed and returned annually, you'll still get paid.

Special Resident Retiree's Visa (SRRV) If you wish to settle in the Philippines and you are at least 35 years old, you may apply for a Special Resident Retiree's Visa (SRRV). The SRRV is granted by the Philippines Retirement Authority (PRA), and you may reside indefinitely in the Philippines with free entry and exit.

Through the expanded Centenarian Act, senior citizens aged 80, 85, 90 and 95, whether residing in the Philippines or abroad, will receive PHP10,000 cash incentive every age milestone and will still receive PHP100,000 upon reaching 100 years old.

Enacted in July 2022, the law doubles the monthly pension for senior citizens from ₱500 to ₱1,000.

As mandated by Republic Act 11916 also known as “An Act Increasing the Social Pension of Senior Citizens”, which lapsed into law in July 2022, indigent senior citizens are now entitled to a monthly stipend of Php1,000, from the previous Php500 per month starting January 2024.

“SSS grants cash benefit to beneficiaries of a deceased member. Deceased SSS members with 36 monthly contributions will entitle their beneficiaries to a monthly pension. In comparison, beneficiaries of those with less than 36 monthly contributions will get a one-time lump sum amount,” she added.

How much is SSS pension in the US? ›

Average Social Security payments

Social Security payments vary widely from person to person, but the average monthly payout as of September 2023 is just under $1,707, while the maximum payment—for someone whose annual career earnings average $160,200 or more and retires at full retirement age—is $3,627.

If he has not paid the required thirty-six (36) monthly contributions, his primary or secondary beneficiaries shall be entitled to a lump sum benefit equivalent to the monthly pension times the number of monthly contributions paid to the SSS or twelve (12) times the monthly pension, whichever is higher.

Pensioners who want their benefits remitted to the Philippines may do so by filling up the direct deposit sign up form prescribed by the Treasury Department.

International Living, a magazine that extensively covers the costs of residing in different countries, reports that most expats can live comfortably with $1,000 to $2,200 a month. That includes housing and going out to enjoy what the Philippines has to offer.

at least 60 years old whether still employed/SE or not, if an “underground mineworker” (technical retirement); or. a total disability pensioner who has recovered from disability and is at least 60 years old (or at least 55 years old, if an underground mineworker).

Contact Information: Phone: +63-2-5301-6200 from 8:00 AM to 11:00 AM (Manila Time) every Tuesday and Thursday, except on Philippine and U.S. holidays. Fax: +63-2-8708-9714. E-Mail: [email protected].

It's now easy and safe to receive your US pension with PNB Pension Remit! After all your hard work, now is the time for you to enjoy life. That's why we made it easy for you to receive your US pension even while in the Philippines with Philippine National Bank.

We need to know the date you plan to leave and the date you plan to come back. Then, we can tell you if your SSI will be affected. After you have been outside the United States for 30 or more days in a row, your SSI can't start again until you have been back in the country for at least 30 straight days.