Reaction Paper
PROJECT IN HRDM
Social Security Act of 1997 [RA 8282]
REPUBLIC ACT NO. 8282
AN ACT FURTHER STRENGTHENING THE SOCIAL SECURITY SYSTEM THEREBY AMENDING FOR THIS PURPOSE, REPUBLIC ACT NO. 1161, AS AMENDED, OTHERWISE KNOWN AS THE SOCIAL SECURITY LAW. "The social security system is aimed at providing protection for the SSS member against socially recognized hazard conditions"Republic Act No. 8282, otherwise known as the Social Security Act of 1997, refers to the social security system in the Philippines that is initiated, developed and promoted by its Government. This social security system is aimed at providing protection for the SSS member against socially recognized hazard conditions, such as sickness, disability, maternity, old age and death, or other such contingencies not stated but resulted in loss of income or results to a financial burden. Towards that goal, the Social Security Act of 1997 also endeavors to extend the social security system not only to the SSS member but also to his/her beneficiaries.
The Social Security Act of 1997 is compulsory to the employee who is under the age of sixty (60) and his/her monthly income exceeds the value of one thousand pesos per month (P1, 000). Non-employed Filipino citizens, such as spouses who are devoted to full-time duties of managing the household or other family affairs may voluntarily cover themselves for the social security system. Employees who are recruited by foreign-based employers may voluntarily cover themselves for the social security system in Philippines.
The Social Security Act of 1997 is compulsory to the self-employed. Under such rules and regulations determined by the Commission, a self-employed worker has compulsory coverage if
Social Security Act of 1997 [RA 8282]
REPUBLIC ACT NO. 8282
AN ACT FURTHER STRENGTHENING THE SOCIAL SECURITY SYSTEM THEREBY AMENDING FOR THIS PURPOSE, REPUBLIC ACT NO. 1161, AS AMENDED, OTHERWISE KNOWN AS THE SOCIAL SECURITY LAW. "The social security system is aimed at providing protection for the SSS member against socially recognized hazard conditions"Republic Act No. 8282, otherwise known as the Social Security Act of 1997, refers to the social security system in the Philippines that is initiated, developed and promoted by its Government. This social security system is aimed at providing protection for the SSS member against socially recognized hazard conditions, such as sickness, disability, maternity, old age and death, or other such contingencies not stated but resulted in loss of income or results to a financial burden. Towards that goal, the Social Security Act of 1997 also endeavors to extend the social security system not only to the SSS member but also to his/her beneficiaries.
The Social Security Act of 1997 is compulsory to the employee who is under the age of sixty (60) and his/her monthly income exceeds the value of one thousand pesos per month (P1, 000). Non-employed Filipino citizens, such as spouses who are devoted to full-time duties of managing the household or other family affairs may voluntarily cover themselves for the social security system. Employees who are recruited by foreign-based employers may voluntarily cover themselves for the social security system in Philippines.
The Social Security Act of 1997 is compulsory to the self-employed. Under such rules and regulations determined by the Commission, a self-employed worker has compulsory coverage if