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The Social Security System (SSS; Filipino: Paseguruhan ng mga Naglilingkod sa Pribado; [4] lit. ' Insurance of the Private Servants ') 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 ...
The Social Security Act of 2018 mandates the government to provide unemployment benefits to private sector employees who were involuntarily separated from employment. [1] Unemployment benefit is also referred to as unemployment insurance or involuntary separation benefit. [2] The payments are sourced from the country's Social Security System ...
Non-government employees, self-employed individuals, and non-working persons are not eligible for GSIS membership. Instead, they are covered by the Social Security System (SSS). Government employees may also voluntarily enroll in the SSS at their own expense, in addition to their GSIS membership.
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Some have proposed that the Social Security system be modified to provide for the option of individual accounts (in effect, to make the system, at least in part, more like a defined contribution pension plan). Specifically, on February 2, 2005, President George W. Bush made Social Security a prominent theme of his State of the Union Address. [197]
Conversely, single sign-off or single log-out (SLO) is the property whereby a single action of signing out terminates access to multiple software systems. As different applications and resources support different authentication mechanisms, single sign-on must internally store the credentials used for initial authentication and translate them to ...
Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees. There are 219 GOCCs as of 2022. [2] GOCCs both receive subsidies and pay dividends to the national government.
The agency responsible for implementation is the Social Security System (SSS), and also the Government Service Insurance System (GSIS), the Philippine Health Insurance Corporation (PhilHealth), and the Pag-IBIG Fund (Home Development Mutual Fund) use the card. [3] The card was also suggested to be used as a voter ID. [4]