What contingencies are legally covered by the Social Security Program?

What contingencies are legally covered by the Social Security Program?

The Social Security Program is explicitly designed to provide a comprehensive package of financial benefits. These benefits serve as a replacement for income lost due to various contingencies such as death, disability, sickness, maternity, old age, and unemployment. The program ensures that workers and their families do not suffer severe financial ruin when these unforeseen events occur. The statutory basis for these benefits is Republic Act No. 1161, as amended by Republic Act No. 11199. 18-May-26

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