Career Objectives and Social Security System: A Comprehensive Overview

1. To pursue venerable career in a professional organization enable achieving company’s objectives of development, customer pleasure and service.
2. Together with assets for instance sincerity, truthfulness and struggle for excellence, add value and strength to the company, to empower the student or the team where he is a fraction of.
3. In quest of a position in a top business where the OJT is able to transmit the knowledge gained through bachelor’s degree. Determinedly deem in the principle of implementing duties with loyalty and courage.
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4. To grow capably by giving skills to the association and vice versa.
5. To work in a demanding environment where skills and efforts is explored and familiarized the varied OJT fields, and understand potentials and add to the growth of the organization with inspiring performance.
6. To utilize knowledge and skills for the implementation of organizational goals.

PHILOSOPHY

“It is the policy of the State to establish, develop, promote and perfect a sound and viable tax-exempt social security system suitable to the needs of the people throughout the Philippines which shall promote social justice and provide meaningful protection to members and their families against the hazards of disability, sickness, maternity, old age, death and other contingencies resulting in loss of income or financial burden.

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Toward this end, the State shall endeavor to extend social security protection to workers and their beneficiaries.” (Section 2, RA 8282)

VISSION

“The SSS aims to develop and promote a viable, universal and equitable social security protection scheme through world-class service.” Viable. Social security protection shall be provided through generations.

Universal. Social security protection shall be provided to all residents of the Philippines, citizens and non-citizens alike, regardless of creed, gender, age, geographic location and economic status, especially the disadvantaged, so that no one will become a burden to society. Equitable. Fair and uniform coverage shall be made available to all. Benefits shall be meaningful and able to sustain a decent standard of living. World-class service. Social security service that is prompt, accurate and courteous shall be provided to ensure total member satisfaction.

MISSION

To provide meaningful protection to the members and their families against contingencies resulting in the loss of income and financial burden and to contribute to the socio-economic development of the country through a viable social insurance program.

VALUES

“The SSS aims to institutionalize a corporate culture that instills the core values of Trust, Empowerment and Teamwork.”

On January 26, 1948, Pres. Manuel A. Roxas proposed a bill seeking to establish a social security system for wage earners and low-salaried employees. This was recommended to Congress in his State of the Nation Address. After the death of President Roxas, Pres. Elpidio Quirino created the Social Security Study Commission on July 7, 1948. The creation of the Commission was his first official act upon his assumption to office. Based on the report of the Study Commission, a draft of the Social Security Act was submitted to Congress. In 1954, Rep. Floro Crisologo, Senators Cipriano Primicias and Manuel Briones introduced bills based on the report of the Social Security Study Commission in the House of Representatives and in the Senate.

These bills were consolidated and enacted into Republic Act (RA) 1161, better known as the Social Security Act of 1954. However, business and labor groups objected to the Social Security Act resulting in a deferment of its implementation. In 1957, amendatory bills were presented in Congress. These bills were the bases of RA 1792, which amended the original Social Security Act. On September 1, 1957, the Social Security Act of 1954 or the Social Security Law (SS Law) was finally implemented, marking a significant milestone in the social security program. Thus, with the implementation of the SS law, the government also adopted the social insurance approach to social security, covering the employed segment of the labor force in the private sector. In 1993, household helpers earning at least P1,000 were included in the compulsory coverage of employees.

In 1980, some groups of self-employed persons were also required to contribute to the social security fund from which benefits are paid upon the occurrence of a contingency provided by law. Self-employed farmers and fisher folks were included in the program in 1992, while workers in the informal sector earning at least P 1,000 a month such as ambulant vendors and watch-your-car boys, were covered in 1995. The Social Security System (SSS) administers social security protection to workers in the private sector. On the other hand, the Government Service Insurance System (GSIS) takes care of workers in the public sector.

The SSS administers two programs namely: 1. The Social Security Program; and 2. The Employees’ Compensation Program (EC) Social Security provides replacement income for workers in times of death, disability, sickness, maternity and old age. On May 1, 1997, Pres. Fidel V. Ramos signed RA 8282, further strengthening the SSS. Also known as the Social Security Act of 1997, it amended RA 1161, providing for better benefit packages, expansion of coverage, flexibility of investments, stiffer penalties for violators of the law, condonation of penalties of delinquent employers and the establishment of a voluntary provident fund for members.

The EC program, started in 1975, provides double compensation effective June 1984 to the worker when the illness, death, or accident occurs during work-related activities. EC benefits are granted only to members with employers. SSS used to administer the Medicare program for hospitalization and other medical needs of the private sector workers; and the Government Service Insurance System (GSIS), for the public sector workers.

However, with the passage of Republic Act 7875 or the National Health Insurance Act of 1995, the SSS and GSIS transferred the administration of the Medicare program to the Philippine Health Insurance Corporation (PhilHealth) for an integrated and comprehensive approach to health development effective July 1999. SSS retirement, death, and total disability pensioners prior to the effectivity of RA 7875 on March 4, 1995 are entitled to hospitalization benefits under Phil-Health. Pensioners upon the effectivity of RA 7875 on March 4, 1995 and thereafter are no longer covered except when they meet the qualification requirements set by PhilHealth.