What is the SSS Flexi-fund?
The SSS Flexi-fund is a voluntary provident fund for Overseas Filipino Workers (OFWs). It is an additional of the SSS
on top of its regular OFW membership. The program gives OFWs the opportunity to set aside part of their earnings
abroad and maximise the return on their Flexi-fund contributions, thus providing good security for their future.
What are the benefits under the Flexi-fund program?
The Flexi-fund Program is a pension plan and savings account rolled into one. Promarily, it aims to supplement the
pension benefits under regular OFW coverage. Members who reach retirement or become disabled will recieve
their benefits, equal to their Flexi-fund contributions plus earnings either in the form of monthly pension, lump-sum
payment or combination of both.
Why is the SSS Flexi-fund a good investment?
Flexi-fund contributions are invested entirely in government securities. Interest earnings are computed based on
the average 91-day Treasury bill rate, thus ensuring a transparent, high yield and risk-freee investment of members'
hard-earned income abroad.
Who may enroll in the Flexi-fund Program?
The flexi fund program is exclusive to OFW members who are paying contributions based on the prevailing maximum
monthly salary credit (MSC) under the regular SSS coverage prgram. Enrollment is done using the SSS OW-1 Form,
indicating application for flexi fund membership, to be submitted to our SSS representative office.
How can OFWs contribute to the SSS Flexi-fund?
Contributions can be made anytime, provided the Flexi-fund member has paid the maximum monthly SSS contribution
(currently at P1,560.00) for the applicable period. Any amount not less than P200 (£2 depending on the exchange rate),
paid in excess of the required contribution will be posted to the member's Flexi-fund account and earn interest. (e.g., if
total payment for applicable month of January is P2,000, the amount of P1,560 will be for regular SSS and P440 for
Can Flexi-fund deposits also be withdrawn?
Flexi-fund deposits may be withdrawn after 5 years. Flexi-fund members may apply for withdrawal of their accumulated
funds, either in full or partial lump-sum, in case of financial needs.
What are the requirements?
For all Flexi-fund benefit claims, including early withdrawals, use SSS Form DDR-2, which is also downloadable from this
website. This should be submitted to our SSS branch, together with 1x1 ID picture and photocopy SSS ID card
or passport for claim settlement.