Many Filipinos reach age 60 and realize they have not completed the required contributions for retirement. If this is your situation, don’t worry—you still have options under the Social Security System (SSS).

To qualify for a monthly pension, you need at least 120 monthly contributions. If you only have 90 months, you are short by 30 months. This means you are not yet eligible for a monthly pension—but you can still fix this.

Option 1: Continue Paying Voluntarily

The best option is to continue paying your contributions as a voluntary member. Even if you are already 60 years old, SSS still allows you to complete your remaining months.

You can choose a lower contribution amount to make it easier. Once you reach 120 months, you can apply for your monthly pension, which gives you a regular income for life.

Option 2: Apply for Lump Sum Benefit

If you can no longer afford to pay, you may apply for a lump-sum benefit. This is a one-time payment based on your total contributions.

However, keep in mind that you will not receive a monthly pension if you choose this option.

Final Advice

Please complete the 120 months. A monthly pension can provide steady support during your retirement years.

Take time to review your contributions and choose the option that fits your situation. It’s never too late to plan for a better and more secure retirement.