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Website. www.sss.gov.ph. The Social Security System (SSS; Filipino: Paseguruhan ng Kapanatagang Panlipunan) is a state-run, social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954.
The Pensionado Act is Act Number 854 of the Philippine Commission, which passed on 26 August 1903. Passed by the United States Congress, it established a scholarship program for Filipinos to attend school in the United States. The program has roots in pacification efforts following the Philippine–American War.
The Second Philippine Commission (the Taft Commission), established by President William McKinley on March 16, 1900, and headed by William Howard Taft, was granted legislative as well as limited executive powers. [5] Between September 1900 and August 1902, it issued 499 laws, established a judicial system, including a Supreme Court, drew up a ...
Pensions in the United States. Average balances of retirement accounts, for households having such accounts, exceed median net worth across all age groups. For those 65 and over, 11.6% of retirement accounts have balances of at least $1 million, more than twice that of the $407,581 average (shown). Those 65 and over have a median net worth of ...
The Treaty of Manila of 1946, formally the Treaty of General Relations and Protocol, [1] is a treaty of general relations signed on July 4, 1946, in Manila, the capital of the Philippines. It relinquished U.S. sovereignty over the Philippines and recognized the independence of the Republic of the Philippines.
Philippines–United States relations (Filipino: Ugnayang Pilipinas at Estados Unidos) are the bilateral and diplomatic relations of the Republic of the Philippines and the United States of America. The relationship has been historically strong, described by some as a "special relationship" [1][2] as a consequence of the Philippines' American ...
The provisions on unemployment benefits were dropped when the legislation was amended in 1957 to prioritize retirement, sickness, disability and death benefits. [4] Under the 2018 legislation, the benefits are dispensed through a one-time payment to equal to 50 percent of the claimant's monthly salary for a maximum of two months.
The Government Service Insurance System (Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a Filipino government-owned and controlled corporation (GOCC) in the Philippines aimed at government employees. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance ...