Sorry for the inconvenience. I just checked my links for the forms and it seems that the Official Website of the Office of the President is under construction currently down. I know I should host the forms but I’m lazy, remember? Besides, it would be a waste of web space redundant to host it if there’s like a ton of sites that are hosting the forms.
August 16, 2010 UPDATE: The Official Website of the Office of the President and Official Gazette of the Republic of the Philippines is now online!
This is a continuation of SSS Maternity Benefit Part 1: How to avail?
It’s all about the money!
Yes, it always is. More often than or before the requirements, the computation is always asked. Money makes the world go round!
Actually, the computation of the benefit is already included in the Maternity Reimbursement form in my previous post. However, I never really ‘got’ it until now. Here it is now, in as much clarity as I can explain.
- Contingency is May 15, 2010.
- Start of Maternity Leave is May 1, 2010.
- Monthly Contribution Table
- Exclude the semester of contingency (Delivery, Miscarriage or Abortion). (Semester refers to two successive quarters ending in the quarter of contingency.) The semester of contingency is January to June 2010.
- Count 12 months backward starting from the month immediately preceding the semester of contingency. The 12 month period prior to the semester of contingency is January 2009 to December 2009.
- Identify and add the six highest Monthly Salary Credits (MSC) within the 12 month period preceding the semester of contingency. Refer to the SSS Contribution Schedule. October to December 2009 (P520) and then three more of the other months (P312). Look up from the SSS Contribution Schedule the equivalent MSC of the contribution P520 and P312. The total MSC which is the total of the of the six highest MSC’s is (P5,000 x 3) + (P3,000 x 3) = P24,000.
- Divide the total MSCs by 180 days to arrive at the Daily Maternity Allowance. The Daily Maternity Allowance would be P24,000 / 180 = P133.33333333333333333333333333333.
- Multiply the Daily Maternity Allowance by 60 for normal delivery or miscarriage or 78 days for cesarean delivery to get the total maternity benefit. However, in case a member dies before the lapse of 60 or 78 days from the date of contingency, the number of days to be considered in the computation should be from the start of the employee’s maternity leave up to the day prior to the date of death. The maternity benefit due to the member would be P133.33333 x 60 = P8,000 in case of normal delivery/miscarriage and P133.33333 x 78 = P10,400 in case of cesarean delivery. In case the member died on May 25, 2010, the maternity benefit due is P133.33333 x 24 = P3,200 i.e. May 1, 2010 to May 24, 2010.
Are you happy with what you’re going to get after giving birth? I used mine for my kid’s first birthday party. How are you going to use yours? Share.