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Limited Portability Scheme under Republic Act No. 7699 | 16 November 2023

Limited Portability Scheme under Republic Act No. 7699 | 16 November 2023

“Portability” shall refer to the transfer of funds for the account and benefit of a worker who transfers from one system to the other

Alburo Law
November 16, 2023

Limited Portability Scheme under Republic Act No. 7699

Republic Act No. 7699 (The Act Instituting Limited Portability Scheme in the Social Security Insurance Systems by Totalizing the Workers’ Creditable Services or Contributions in each of the Systems) was enacted to institute the Limited Portability Scheme for the totalization and portability of social security benefits.

A covered worker who transfers employment from one sector to another or is employed in both sectors shall have his creditable services or contributions in both Systems credited to his service or contribution record in each of the Systems and shall be totalized for the purposes of old age, disability, survivorship, and other benefits in case the covered member does not qualify for such benefits in either or both Systems without totalization. (Section 3, R.A. No. 7699)

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