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.

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.

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.

Legislators receive a pension after eight years of service, starting at age 50.Group of answer choicesTrueFalse

The following are the requirements so that the retirement pay received by an employee from his/her employer is nontaxable, except:Select one:a.The retirement pay should have been availed of for the first time.b.The retirement program of the employer to its employees are approved by the BIR Commissionerc.The retiree should have been employed for 10 years in the said company.d.The retiree should have been at least 40 years old at the time of retirement.Clear my choice

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.