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SSS FORM 521 ELECTION TO COMMUTE SSS PENSION TO LUMP SUM Please print clearly in black ink. 1. Personal details Member number Mr/Mrs/Ms/Miss/Dr Male Female Birth date (DDMMYYYY) Given name(s) Family
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How to fill out election to commute sss
How to fill out election to commute SSS:
01
Obtain the election to commute form from the Social Security System (SSS) office. This form can usually be found on their website or can be collected in person.
02
Fill in your personal information, such as your name, address, SSS number, and contact details.
03
Indicate the effective date of the election. This is the date you wish to start commuting your SSS contributions.
04
Specify the reason for electing to commute your SSS contributions. This may include reasons such as financial need or retirement plans.
05
Provide any additional information or documentation as required by the SSS. This may include supporting documents or proof of your circumstances.
06
Review your completed form for accuracy and make any necessary corrections.
07
Sign and date the form to make it legally valid.
Who needs election to commute SSS?
01
Individuals who are at least 60 years old and have paid at least 120 monthly contributions to the SSS can opt to commute their contributions.
02
Those who wish to use their SSS contributions for other purposes, such as starting a business or investing, may also need to fill out an election to commute SSS.
03
Individuals who have reached the retirement age and no longer wish to contribute to the SSS may also need to fill out this form.
Note: It is always recommended to consult with the SSS office or check their website for the most up-to-date information and specific requirements for filling out the election to commute SSS form.
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