The number of self-employed and voluntary members (SEVM) of the Social Security System increased by 20.2 percent, to 8.43 million, as of May 2021.
Of the 40.52 million total covered SSS members, as of May 2021, about 8.3 percent or 3.36 million are self-employed, while 12.5 percent or 5.07 million are voluntary members, its press release said yesterday.
Regularly paying, self-employed, and voluntary members are entitled to the same social security benefits such as sickness, maternity, disability, retirement, death, and funeral benefits.
They are also qualified to avail of member loans for salary, calamity, and educational assistance as well as pension loan once they become retiree-pensioners, the press release added.*