Which system is established under Republic Act No. 1161?

Which system is established under Republic Act No. 1161?

• A. Social Security System
• B. Government Service Insurance System
• C. Employees' Compensation System
• D. Retirement Benefits System

Answer: (A)

The Social Security System (SSS) is the correct answer because Republic Act No. 1161, enacted in 1954, specifically created this program to provide social security benefits to private sector employees in the Philippines. The SSS was designed to offer financial assistance to members in times of need, such as during sickness, maternity, disability, retirement, and death. It aims to ensure that workers have access to social protections and basic economic security, making it a crucial component of the country's social safety net. In contrast, the other options pertain to different systems. The Government Service Insurance System (GSIS), for example, serves a different demographic, specifically government employees, and is governed by a separate set of laws. The Employees' Compensation System operates under a distinct framework that provides benefits specific to work-related injuries and illnesses. The Retirement Benefits System is also typically part of specific employer policies rather than being established by Republic Act No. 1161. Therefore, the unique mandate and foundation of the Social Security System under Republic Act No. 1161 clearly identify it as the correct answer.

The Social Security System (SSS) is the correct answer because Republic Act No. 1161, enacted in 1954, specifically created this program to provide social security benefits to private sector employees in the Philippines. The SSS was designed to offer financial assistance to members in times of need, such as during sickness, maternity, disability, retirement, and death. It aims to ensure that workers have access to social protections and basic economic security, making it a crucial component of the country's social safety net.

In contrast, the other options pertain to different systems. The Government Service Insurance System (GSIS), for example, serves a different demographic, specifically government employees, and is governed by a separate set of laws. The Employees' Compensation System operates under a distinct framework that provides benefits specific to work-related injuries and illnesses. The Retirement Benefits System is also typically part of specific employer policies rather than being established by Republic Act No. 1161. Therefore, the unique mandate and foundation of the Social Security System under Republic Act No. 1161 clearly identify it as the correct answer.