MOA lets 4Ps beneficiaries join SSS for just P570 a month
PREPARATION FOR THEIR ‘GRADUATION’ FROM CASH TRANSFER PROGRAM

MOA lets 4Ps beneficiaries join SSS for low monthly contribution of P570

/ 04:50 AM July 09, 2024

MOA lets 4Ps beneficiaries join SSS for low monthly contribution of P570

Beneficiaries of the Pantawid Pamilya Pilipino Program (4Ps) can now join the Social Security System (SSS), which signed an MOA with the DSWD on Monday to make them “future-proof” once they graduate from the government’s conditional cash transfer program.

MANILA, Philippines — Beneficiaries of the Pantawid Pamilya Pilipino Program (4Ps) can now join the Social Security System (SSS), which signed a memorandum of agreement (MOA) with the Department of Social Welfare and Development (DSWD) on Monday to make them “future-proof” once they graduate from the government’s conditional cash transfer program.

Under the agreement signed by Social Welfare Secretary Rex Gatchalian and SSS president and chief executive officer Rolando Macasaet, 4Ps beneficiaries would be provided with “low-cost insurance” should they decide to become SSS members.

Article continues after this advertisement

READ: SSS urges members to join pension booster program

FEATURED STORIES

Under the “4Ps AlkanSSSya Program,” the two agencies will create a contribution subsidy table that will be specific for 4Ps beneficiaries, basing it on an actuarial study and the actual capacity of the beneficiaries to pay a minimum monthly contribution of P570.

Macasaet, however, clarified that they could decide to increase their contributions. The monthly contributions, he said, would allow them to become SSS pensioners in the future.

Article continues after this advertisement

The 4Ps AlkanSSSya program aims to provide a “safety net” for beneficiaries and allow them to be “self-reliant” once they leave the conditional cash transfer program.

Article continues after this advertisement

“[We have to] make them understand the value of insurance [and] pensions; make them understand that this opportunity is being afforded by the SSS and only for them, this special table of contributions,” Gatchalian told reporters at a news conference after the signing.

Article continues after this advertisement

Voluntary participation

He added that joining the program was voluntary, although he acknowledged that they may find it hard to convince them to do so.

“It’s not going to be easy, but rather than not doing anything, we’ll keep on pushing it. To the same degree, many of what was being taught in our family development sessions are long-term culture changing programs,” Gatchalian said.

Article continues after this advertisement

“In the seven years they have been in the program, I believe that [after] mentioning to them the values [multiple times], they’ll understand. But it all boils down to how the program will be attractive to them, how realistic it is,” he added.

Under the agreement, the SSS will facilitate the registration and orientation of the beneficiaries through regular family development sessions and during their exit programs.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

According to the DSWD, around 4.3 million household beneficiaries nationwide were receiving conditional cash grants under the 4Ps program as of May 31.

TAGS: 4Ps beneficiaries, Rex Gatchalian, SSS

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.