PESO: Personal Equity and Savings Option

What it is

The SSS P.E.S.O. Fund (Personal Equity and Savings Option) is a voluntary provident fund offered exclusively to SSS members in addition to the regular SSS program. Through this program, members who have the capacity to contribute more are given the opportunity to save more in order to receive additional benefits in the future.

What it is

Objective

  • Tax-free earnings and benefits
  • Contributions placed in sovereign guaranteed investments
  • Guaranteed earnings
Objective

How to Join

  • Go to My SSS website and click "E-services" tab.
  • Complete registration.
  • Confirmation email will be sent once registration is successful.
  • You can start paying contributions once enrolled online.
  • Confirm enrollment by going to any SSS branch.
How to join

Who Can Apply

All employees, self- employed (SE), voluntary (VM) and OFW members who have met the following qualifications are open to apply:

  • Below 55 years of age
  • Have paid contributions in the regular SSS program for at least six (6) consecutive months within the 12-month period immediately prior to the month of enrollment
  • SE, VM and OFW members should be paying the maximum amount of contributions under the regular SSS program
  • Have not filed any final claim under the regular SSS program
Who can apply

How to Contribute

The member will receive benefits upon filing a retirement, total disability or death claim under the regular SSS program. • Retirement or total disability benefits, which consist of the member’s contributions and earnings from the SSS P.E.S.O. Fund, may opt to receive this in monthly pension, lump sum or a combination of both. • Death benefits shall be paid in lump sum to the member’s beneficiaries.

How to Contribute

Benefits

The member will receive benefits upon filing a retirement, total disability or death claim under the regular SSS program. • Retirement or total disability benefits, which consist of the member’s contributions and earnings from the SSS P.E.S.O. Fund, may opt to receive this in monthly pension, lump sum or a combination of both. • Death benefits shall be paid in lump sum to the member’s beneficiaries.

Benefits

Withdrawing Conditions

No withdrawals are allowed from the retirement/total disability account. Withdrawals from the fund shall be allowed only from the Medical (25%) and General Purpose (10%) Accounts. Withdrawals within the 5-year retention period shall be charged with corresponding penalty and service fees.

Withdrawing Conditions