Benefits Of SSS?
What Are the Benefits of SSS?
SSS denotes Social Security System and it is accessible by every American citizen. It attempts to help the unemployed, disabled, poor and elderly Americans. There are numerous advantages the SSS provides its members. From retirement and disability benefits to survivor benefits, SSS functions like coverage for those who are currently enduring tough monetary conditions.
1. Family benefits
This benefit is popularly called survivor benefit. It involves giving a member’s family a certain form of monetary assistance when the member passes on. The kin who are entitled to these benefits include widows who are above 50 years and offspring of the departed provided they are not wedded and are younger than eighteen years. Furthermore, parents of the departed member may be provided SSS survivor reimbursements if they are solely depending on their child for up keep.
2. Retirement benefits
A large number of those who benefit from the SSS are individuals who are presently in retirement. In fact, the SSS acts as a major source of earnings for most retired people as soon as they are no longer capable of working. The retirement amount that an SSS member gets is based on lifetime salaries and they assist the retirees in leading comfy lives.
3. Disability benefits
If you are not able to seek work or continue working due to a physical or mental ailment, then you may be eligible for the useful SSS disability benefits. For such people, which also includes children, who only have low earnings with fewer resources, these benefits enable them survive and continue living. Make sure that you file for disability benefits instantly if you regrettably become disabled as it generally takes time for SSS to process claims.
Steps are being taken to ensure that the SSS reaches everyone in America. It is even more essential during these tough financial times.
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Written by : Harri Daniel and updated on October 11, 2011