Under the Principle of Reciprocity, all OFWs in South Korea can immediately get the Lump Sum refund after the sojourn period. The Lump Sum is based on the total amount of monthly contribution to the respective National Pension Service (NPS). It is so far one of the most anticipated benefits by OFWs here in South Korea. That means the longer you stay here and contribute to your NPS, the more refund you will get when you go home.
Isn't it awesome?
BUT wait!!!! This Lump Sum Refund will be about to demolish if the Social Security Agreement (SSA) will push through.
How will this SSA affects our refund?
To simply put, the lump sum refund will no longer be granted immediately when you go home. Instead, it will be deposited to your Social Security System (SSS) account and you will only get the lump sum at the age of 65.
FAIL!
Just to clarify the issue, this agreement has been proposed by the Government of Korea. This did not come from Government of the Philippines.
Can we stop this agreement?
If we can raise our voice, it is possible to stop this. In fact, we should stop this. So before the Government of the Philippines sign this Bilateral Social Security Agreement, here are my 3 personal reasons why we should all say NO to this!
1. We don't trust our Government.
If we are going to trace back the political history of the Philippines, corruption played a vital role why despite of the rich natural resources and skilled citizens, the country remains poor. If they were able to do that in the past, they can possibly do this today and in the future and we are afraid that our money will be the subject of their greediness. We don't want to put our hard earned money at risk. We have hope for our Government, but we just couldn't entrust our money. Sorry. :(
2. Inflation rate! Anyone?
The value of our money will never be the same 20 to 30 years from now. If you will see the inflation rate of the Philippines, it is not getting any better. Supposing we can get our money when we reach 65 years old, the buying power maybe much lesser than today. If we can get our money now, we can do something about it to t least prepare for the inflation rate in the future.
3. We need the money now more than ever.
This may sounds desperate but it's true. If we go home, we need to start a new life. The money can help us start a new business or use it to further develop our skills for better job and opportunities. We can't start a business at 65. I mean, we can, but we can't do it as effective when we are much younger than this. Whether we are 30 years old or 65 years old, we need money and we prefer to have it at early age.
So what can we do to stop this?
Participate in the survey!
The survey will be our voice to say that we are against this agreement. Check on the FEWANIANS Facebook Group for more updates regarding this survey. Your voice is important! We should stop NPS-SSS agreement.
Isn't it awesome?
BUT wait!!!! This Lump Sum Refund will be about to demolish if the Social Security Agreement (SSA) will push through.
How will this SSA affects our refund?
To simply put, the lump sum refund will no longer be granted immediately when you go home. Instead, it will be deposited to your Social Security System (SSS) account and you will only get the lump sum at the age of 65.
FAIL!
Just to clarify the issue, this agreement has been proposed by the Government of Korea. This did not come from Government of the Philippines.
Can we stop this agreement?
If we can raise our voice, it is possible to stop this. In fact, we should stop this. So before the Government of the Philippines sign this Bilateral Social Security Agreement, here are my 3 personal reasons why we should all say NO to this!
1. We don't trust our Government.
If we are going to trace back the political history of the Philippines, corruption played a vital role why despite of the rich natural resources and skilled citizens, the country remains poor. If they were able to do that in the past, they can possibly do this today and in the future and we are afraid that our money will be the subject of their greediness. We don't want to put our hard earned money at risk. We have hope for our Government, but we just couldn't entrust our money. Sorry. :(
2. Inflation rate! Anyone?
The value of our money will never be the same 20 to 30 years from now. If you will see the inflation rate of the Philippines, it is not getting any better. Supposing we can get our money when we reach 65 years old, the buying power maybe much lesser than today. If we can get our money now, we can do something about it to t least prepare for the inflation rate in the future.
3. We need the money now more than ever.
This may sounds desperate but it's true. If we go home, we need to start a new life. The money can help us start a new business or use it to further develop our skills for better job and opportunities. We can't start a business at 65. I mean, we can, but we can't do it as effective when we are much younger than this. Whether we are 30 years old or 65 years old, we need money and we prefer to have it at early age.
So what can we do to stop this?
Participate in the survey!
The survey will be our voice to say that we are against this agreement. Check on the FEWANIANS Facebook Group for more updates regarding this survey. Your voice is important! We should stop NPS-SSS agreement.
Pinag hirapan sa korea.. papakinabangan muna nila ng ilang taon bago mo makuha. Aigooi.. wag namab
ReplyDeletetama ka jan bro. ang unfair lang diba?
DeleteAy Dios ko po lord wag nmn po... please help us po.��
ReplyDeletethen, let the OFW in Korea raise their voices!
ReplyDeletei am not a korean ofw and also not anti pnoy administration.we all know that God always had His reason why He put someone to lead our country and i respect authority.but please let the ofw in korea have their kukmin when time comes that they are going back here in the phil.why put it in the sss?when they also contribute prior in going to s.korea for work?please let them and their family enjoy the fruit of their labor..
ReplyDeleteSana po hindi matupad ang agreement na yan. Mas alam po namen ang nangyayari sa pilipinas. Sinasabe lang ni President Aquino na para sa ikabubuti namin ang agreement na yan pero isang malaking kalokohan yan. Alam nming lahat na maraming pilipino ngayon na hindi nakukuha ang benifits nila sa SSS. Kaya hindi po kami nagtitiwala sa SSS. Kurakot po ang administrasyong Aquino.
ReplyDeleteLord huwag po kaung ppayag sa agreement na ito...
ReplyDeleteMahal na president ng south korea. ..
huwag po kaung ppayag sa agreement na yan.korakot lahat ang adminnistrastion aquino ...ang sss sa pinas ang bulok na patakaran... patay na ung beneficiary hindi pa tumangap ng lump sum.ano ang dahilan? bakit ?
Perang penagherapan namin yn... huwag nmn na ninyong paki alaman...
Walang katotohanan ang sss sa pinas puro lng
ReplyDeletekalokohan.
kagagohan.
katarantadohan
wag naman po sana LORD...............
ReplyDeleteAng sama naman....
ReplyDeleteAng sama naman....
ReplyDeleteSa totoo lang smula ng kmlat ang blitang to kmi lhat na pnoy sa compny nmin nagkgulo.hndi madli ang trbho sa korea sana nman ang inaasam nmin na pagktpos ng kontrata may mkkha kming pera ay d mpunta sa sss na kung saan saka m pa mpkknabangan "kuno"kung mtanda kna
ReplyDeleteDiyos ko po panginoon anu n namang pinaggagawa ng mga taong yan hindi nmn kanila pinapakiaalaman nila kayo na po bahala sa mga taong yan kahabagan mo po sila na mabigay sa mga tao ang kanilang benipisyo at hindi mapunta lang sa mga taong ahensya ng gobyerno kayo na po kumilos sa kanila panginoon in jesus name AMEN.
ReplyDeleteAnother opportunity for corrupted government. If this is not the Phils govt, ofw's may still consider but the grim reality of corruption in this country is terrible that trusting it is a big waste of time. Abolish SSS !! ...Lord, please change the mindset of corrupt officials , let them know that they will be burn in hell with their corrupted money.
ReplyDeleteIs this really a problem? I don't know, I am not very sure, I'm not an OFW. But looking at it, it seems same concept lng nmn sya ng SSS. It's not like tax that when it's deducted, should be considered loss. But when we say SSS, it's your savings/contribution. When you're already old and can no longer work, you still have something to get as your retirement, and with monthly pension. Hindi po ba un ganun?
ReplyDeleteKasi kami din sa Pinas na nagtratrabaho may kaltas din nmn na SSS. Nakakainis makaltasan, at kung hindi mo agad un makukuha. Pero kung nakita mo ung tatay o nanay mo n tumanda at wala palang retirement o monthly pension na makukuha dahil walang contribution sa SSS nung nagtratrabaho sila, maiintindihan mo e. Ganyan kc nangyari sa nanay ko. Buti ung tatay ko meron, at least meron syang monthly SSS pension ngaun. E kung meron cla parehas sana, e d sana mas madali ang buhay para sa mga anak nila, at kami un. Ang nangyayari pa ngaun, sa halip na sana buong ipon naming mga anak ang kita namin, kailangan pa namin bigyan/padalhan c nanay kada buwan para panggastos nya. Sa tingin ko, ang SSS ay hindi lamang para sa sarili, eto rin ay para sa mga anak sa future.
ReplyDeletedapat gumawa na ng aksyon NGAYON! dahil hindi palalampasin ng kurakot na administrasyon iyang pagkakataon...eh di, andami na namang paghahatian ng mga buwaya dyan sa SSS...PINOY, hoy! gising...asan na ang tuwid na daan?.pati pinaghirapan ng ibang tao gusto nyong angkinin. mahiya nman kau...
ReplyDeleteParaparaan lang mga yan..wla eh..lubog sa utang huthot sa bayan..
ReplyDeleteYong kenurakot nlang ne abnoy ang ilagay sa sss
ReplyDelete