New SSS Bill to TRIPLE unemployment BENEFITS if approved

New SSS Bill to TRIPLE unemployment BENEFITS if approved

A bill has been filed concerning the unemployment benefits of the laid-off workers, says to triple the amount they would receive from the Social Security Systems.

House Bill 8594 proposes to grant workers a one-time insurance claim amounting to about 50 percent of their monthly salary for a maximum of six months. It was put forward by Surigao del Sur Rep. Johnny Pimentel. Amending the Social Security Act of 2018, which states that they can claim 50 percent of their monthly salary for two months.

If ratified, individuals who have a monthly income of P15,000 can now receive P45,000 in their unemployment benefits. As of now, they can only receive P15,000.

“Our bill seeks to give more meaning to social security and to the mandate of the 1987 Constitution for the State to afford full protection to labor,” Pimentel said. “We have to guarantee households income security and safeguard them against distress when breadwinners lose their jobs through no fault of their own.

The COVID-19 pandemic left millions of Filipinos in the country, even overseas, with no jobs at all. This affected the global economy greatly. In addition, PAL has recently announced that the pandemic costs them greatly and that they are going to reduce 30 percent of their workforce or about 2,300 people.

Though laid-off workers can avail themselves their unemployment benefits from SSS that is guaranteed under the Social Security Act of 2018. Those who were let go because of retrenchment or downsizing, closure or cessation of operation, installation of labor-saving devices, or redundancy, is covered by the cash grant. Many other cases are determined by the SSS or the Department of Labor and Employment.

Those who are eligible for the claim are SSS members that are not over 60 years old at the time of their termination;  If they are underground or surface mineworkers, they should not be over 50; and if they are a racehorse jockey, not over 55. Members should also have paid at least 36 months of contributions, where the 12 months should be in the 18 months immediately preceding the month of being laid-off.

The claim must be filed within a year from the day of separation and is granted through a one-time payment.

Documents required include the original and a photocopy of any valid ID cards or documents and the Department of Labor and Employment certification on the termination.

The cash grant will be then credited to the member's SSS UMID card enrolled as ATM or their UBP Quick Cark Account.

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