1. Arturo is 63 years old, separated from work, gained a total of 100 months of contributions, and is qualified to receive a basic monthly pension from SSS. 2. Vincent applied for SSS retirement at the early age of 60, he is receiving a monthly pension of P 3,000. By the age of 62, he decided to work again and so his SSS monthly pension was stopped.

For a member of SSS to claim a lifetime monthly pension, he must be at least 60 years old and have at least _____________ monthly contributions.

1. Anthony passed away last week, and his family applied for a death benefit from SSS. He only had 30 months of contributions, and so his family is not qualified to receive a basic monthly pension but instead a lump sum amount is granted to the primary beneficiaries.2. Mitch just passed away and his family applied for a funeral grant from SSS, they will then receive an amount of money based on the deceased member’s number of paid contributions and average monthly salary credit.

How does Arturo change over the course of the story?At the beginning of the story, Arturo is trying to find a way to relax. At the end, he has become more anxious.At the beginning of the story, Arturo is lazy. At the end, he has decided to become more active.At the beginning of the story, Arturo tries to avoid his responsibilities. At the end, he accepts them.At the beginning of the story, Arturo is generous. At the end, he has become more selfish.

Andrew is 48 years old. He earned a salary of R380 000, a bonus of R60 000. He contributes 5% of his salary and bonus to a retirement fund. His employer also contributed 5% of his salary and bonus. You may assume that his remuneration is R504 000. YOU ARE REQUIRED to determine the retirement fund contribution deduction which he will be allowed to deduct from his taxable income for the current year of assessment.a.R22 000b.R145 475c.R44 000d.R138 600

Pension age is the age people can A.access their superannuation, if they do not work anymore.B.access the government pension, if they meet the asset tests.C.access the government pension, without any condition.D.access their superannuation, without any condition.