Death Benefit OVERVIE W QUALIFYING CONDITIONS HOW TO APPLY PENSION DETAILS There are two types of death benefit: monthly pension - granted only to the primary beneficiaries of a deceased member who had paid 36 monthly contributions before the semester of death. lumpsum amount - amount granted to the primary beneficiaries of a deceased member who had paid less than 36 monthly contributions before the semester of death. The secondary beneficiaries shall be entitled to a lump sum benefit. Monthly Pension Benefit Computation The monthly pension depends on the member's paid contributions, his credited years of service (CYS), and the number of dependent minor children that must not exceed five. The monthly pension will be the highest amount resulting from either one of these three pension formulae: 1. the sum of P300 plus 20 percent of the average monthly salary credit plus two percent of the average monthly salary credit for each credited year of service (CYS) in excess of ten years; or 2. forty (40) percent of the average monthly salary credit; or 3. P1,000, if the CYS is less than 10; P1,200 if with at least 10 CYS; or P2,400, if the CYS is 20 or more. The monthly pension is paid for not less than 60 months. Dependents and Beneficiaries If a deceased member is survived by less than five minor legitimate, legitimated, or legally adopted children, the illegitimate minor children will be entitled to 50 percent of the share of the legitimate, legitimated or legally adopted children in the basic pension and 100 percent of the dependents' allowance. In cases where there are no legitimate, legitimated, or legally adopted children, the illegitimate minor children shall be entitled to 100 percent of the basic pension, plus dependent's allowance. Dependent's Allowance The dependent legitimate, legitimated, legally adopted or illegitimate children, conceived on or before the date of death of a deceased member will each receive a dependents? allowance equivalent to 10 percent of the members' monthly pension, or P250, whichever is higher. Only five minor children, beginning from the youngest, are entitled to the dependents? allowance. No substitution is allowed. Where there are more than five (5) legitimate and illegitimate minor
Death BeneftOVERVIEW QUALIFYING CONDITIONS HOW TO APPLY PENSION
DETAILSThere are two types o !eath "e#e$t% monthly pension &
'ra#te! o#(y to the pr)*ary "e#e$+)ar)es o a !e+ease! *e*"er who
ha! pa)! ,- *o#th(y +o#tr)".t)o#s "eore the se*ester o !eath/
lumpsum amount & a*o.#t 'ra#te! to the pr)*ary "e#e$+)ar)es o a
!e+ease! *e*"er who ha! pa)! (ess tha# ,- *o#th(y +o#tr)".t)o#s
"eore the se*ester o !eath/ The se+o#!ary "e#e$+)ar)es sha(( "e
e#t)t(e! to a (.*p s.* "e#e$t/Monthly Pension Beneft ComputationThe
*o#th(y pe#s)o# !epe#!s o# the *e*"er0s pa)! +o#tr)".t)o#s1h)s
+re!)te! years oser2)+e 3CYS41 a#! the #.*"er o !epe#!e#t *)#or
+h)(!re# that *.st #ot e5+ee! $2e/The *o#th(y pe#s)o# w)(( "e the
h)'hest a*o.#t res.(t)#' ro* e)ther o#e o these threepe#s)o#
or*.(ae%6/ the s.* o P,77 p(.s 87 per+e#t o the a2era'e *o#th(y
sa(ary +re!)t p(.stwo per+e#t o the a2era'e *o#th(y sa(ary +re!)t
or ea+h +re!)te! year oser2)+e 3CYS4 )# e5+ess o te# years9 or8/
orty 3:74 per+e#t o the a2era'e *o#th(y sa(ary +re!)t9 or,/ P617771
) the CYS )s (ess tha# 679 P61877 ) w)th at (east 67 CYS9 or
P81:771 ) the CYS )s 87 or *ore/The *o#th(y pe#s)o# )s pa)! or #ot
(ess tha# -7 *o#ths/ Dependents and BenefciariesI a !e+ease! *e*"er
)s s.r2)2e! "y (ess tha# $2e *)#or (e')t)*ate1 (e')t)*ate!1 or
(e'a((y a!opte! +h)(!re#1 the )((e')t)*ate *)#or +h)(!re# w)(( "e
e#t)t(e! to ;7 per+e#t o the share o the (e')t)*ate1 (e')t)*ate! or
(e'a((y a!opte! +h)(!re# )# the "as)+ pe#s)o# a#! 677 per+e#t o the
!epe#!e#ts0 a((owa#+e/I# +ases where there are #o (e')t)*ate1
(e')t)*ate!1 or (e'a((y a!opte! +h)(!re#1 the )((e')t)*ate *)#or
+h)(!re# sha(( "e e#t)t(e! to 677 per+e#t o the "as)+ pe#s)o#1 p(.s
!epe#!e#t0s a((owa#+e/ Dependent's AllowanceThe !epe#!e#t
(e')t)*ate1 (e')t)*ate!1 (e'a((y a!opte! or )((e')t)*ate +h)(!re#1
+o#+e)2e! o# or "eore the !ate o !eath o a !e+ease! *e*"er w)((
ea+h re+e)2e a !epe#!e#ts< a((owa#+e e=.)2a(e#t to 67 per+e#t o
the *e*"ers0 *o#th(y pe#s)o#1 or P8;71 wh)+he2er)s h)'her/O#(y $2e
*)#or +h)(!re#1 "e')##)#' ro* the yo.#'est1 are e#t)t(e! to the
!epe#!e#ts< a((owa#+e/ No s."st)t.t)o# )s a((owe!/Where there
are *ore tha# $2e 3;4 (e')t)*ate a#! )((e')t)*ate *)#or +h)(!re#1
the (e')t)*ate sha(( "e preerre!/The !epe#!e#ts0 a((owa#+estops
whe# the +h)(! rea+hes 86 years o(!1 'ets *arr)e!1 'etse*p(oye! or
!)es/ Howe2er1 the !epe#!e#ts0 pe#s)o# )s 'ra#te! or ()e to
+h)(!re# who are o2er 86 years o(!1 pro2)!e! they are )#+apa+)tate!
a#! )#+apa"(e o se(&s.pport !.e to phys)+a( or *e#ta( !ee+t
wh)+h )s +o#'e#)ta( a#! a+=.)re! !.r)#' *)#or)ty/ Other BeneftsThe
!e+ease! *e*"ere+t)2)ty !ate o pe#s)o# or a +opy o
DeathDS.r2)2orsh)p Cert)$+at)o# )ss.e! "y the SSS )#!)+at)#' the
e>e+t)2)ty o the pe#s)o# sha(( "e s."*)tte! to
Ph)(Hea(th/S.r2)2orsh)p pe#s)o#ers .#!er the e>e+t)2)ty o RA
?@?; o# Aar+h :1 6BB; a#! thereater1are #o (o#'er +o2ere!/ Howe2er1
those who w)sh to a2a)( o Ph)(Hea(th "e#e$ts *ay e#ro(()# the
I#!)2)!.a((y & Pay)#' Pro'ra* 3or 2o(.#taryDse(&e*p(oye!4
or the I#!)'e#t Pro'ra* 3IP4 o Ph)(Hea(th/ Beneft PaymentThe
*o#th(y pe#s)o# )s pa)! thr. the "e#e$+)ary
