(Photo Credit: www.sss.gov.ph)
Note: This blog post is relevant to Filipinos only. Thanks
I always encourage other Filipino expats or OFWs (Overseas Filipino Workers) to pay their SSS contributions. In my early years of working as OFW, I didn’t pay attention to this but my Mum insisted (and I am glad she did).
Then four years ago, I met a veteran OFW who was working in Saipan. We were in a queue waiting for our turn in POEA (Philippine Overseas Employment Administration). Then we chatted casually until he opened up about his SSS issue. The gray-haired veteran was actually retiring soon, a couple of months to go.
He was there to check about his possible pension but to his dismay, he came to know that he was not eligible. He didn’t meet the minimum number of contributions. All along he thought that his family has been paying regularly his contributions.
I felt sorry for him and I could see the disappointment painted on his face.
That encounter with him became an eye-opener. It stirred my “I don’t care” mindset to a more conscious effort of paying my contributions faithfully. Though I don’t rely solely on SSS for retirement, still it is a good additional source of income when I reach my golden years.
For 2012, I tried paying my contributions here in Abu Dhabi. I did it once actually in Al Ansari Exchange but I ended up frustrated because it took weeks before the contribution was reflected in my account. When I spoke to SSS in Philippine Embassy, they advised to deal with those exchange companies that have electronic tie-up with them to expedite the process.
So this time, I tried the Al Ahalia Exchange. I paid the contributions from April to December 2012 and a week later I checked my online SSS account. Well, I was impressed – the monthly contributions were reflected already.
Also, Al Ahalia Exchange confirmed that they can accept contributions for SSS flexifund.
I recommend paying at least minimum of three months contribution. The exchange is charging AED 18 per transaction. Paying monthly means you are subject to the AED 18 fee. Why not pay quarterly to save those extra monthly transfer charges?
Al Ahalia Exchange in Abu Dhabi is located in Hamdan Street, close to Al Ahalia Hospital.