How can I see my SSS contribution table?

READ: SSS Contribution Table (with Detailed Computations and Explanations)

1. Go to the new SSS website.
2. Access the SSS Member Portal.
3. Log in to your My. SSS account with your user ID and password.
4. Hover your cursor over “INQUIRY” on the main menu and select “Contributions”.
5. Check your latest SSS contributions.

How much is the SSS contribution in the Philippines?

For employed members, including OFW members in countries with Bilateral Labor Agreements (BLAs) with the Philippines and sea-based OFW members, the additional 1% will be divided equally between them and their employers, bringing the contribution rate breakdown to 8.5% for their employers and 4.5% for them.

What is average monthly salary credit in SSS?

(m) Average monthly salary credit – The result obtained by dividing the sum of the last sixty (60) monthly salary credits immediately preceding the semester of contingency by sixty (60), or the result obtained by dividing the sum of all the monthly salary credits paid prior to the semester of contingency by the number …

How much is the maximum contribution in SSS?

For employers and employees contributing at the maximum MSC of ₱25,000, the additional amount for the monthly SSS contribution will increase by ₱850, with ₱325 coming from EE, and ₱525 from the ER Page 6 SSSPh PHLSSS MYSSSPH MySSSPhilippines MYSSSPH Updates SSSPh PHLSSS MYSSSPH MySSSPhilippines MYSSSPH Updates IMPACT …

How is SSS pension calculated in the Philippines?

There are three formulas used to compute your SSS pension, but whichever yields the highest amount will determine your final pension.

1. PHP 300 + 20% of average monthly salary credit (AMSC) + 2% of AMSC for each credited year of service (CYS) in excess of ten years + PHP 1,000.
2. 40% of the average AMSC + PHP 1,000.

How much is the minimum SSS contribution for OFW?

If you are a land-based OFW, your minimum MSC is pegged at P8,000, for a monthly contribution of P960, but you can choose to pay higher. If you are a non-working spouse, your contribution will be based on 50% of your working spouse’s last posted MSC, but in no case shall it be lower than P2,000.

Can I pay SSS contribution for 1 year?

If you are an OFW, your payment of contributions for the months of January to December of a given year may be paid any time within the same year. You may also pay your contributions for the months of October to December of a given year until January 31st of the following year.

How much is the minimum SSS pension in the Philippines?

The minimum monthly Retirement Pension is P1,200 if the member has 120 months contribution or at least ten (10) CYS; or P2,400 if with at least 20 CYS. A cash benefit granted – either as a monthly pension or a lump sum amount – to the beneficiaries of a deceased member.

How much is SSS lump sum?

Lump sum amount – granted to a retiree who has not paid the required 120 monthly contributions. It is equal to the total contributions paid by the member and by the employer including interest.

How much is the maximum SSS pension in the Philippines?

The higher the MSC and the longer you pay your contributions, the higher your SSS monthly pension will be. Retirees in the Philippines can receive as much as PHP 18,495 and as low as PHP 2,000 as a monthly pension.

How many years do I have to pay SSS?

Member must have paid at least 120 monthly contributions prior to the semester of retirement and is any of the following, whichever is applicable: at least 60 years old and separated from employment or has ceased to be an SE/OFW/Household Helper (optional retirement);

How much money do you need to retire in the Philippines?

To retire comfortably in the Philippines, you will need a minimum of $10,000 USD deposited into a Filipino bank account. You should also have an income of at least $1,000 per month. If you have savings of $100,000, you should be able to live comfortably in the Philippines for at least 10 years.

When did the latest SSS contribution table come out?

E mployers, employees, OFWs, self-employed, and voluntary members, including household help must be knowledgeable on the latest and updated Social Security System (SSS) Contribution Table 2015 which had been effective since 2014.

What’s the current SSS contribution rate in the Philippines?

The current SSS contribution rate is 11% of the monthly salary credit not exceeding P16,000 and this is being shared by the employer (7.37%) and the employee (3.63%). Self-employed and voluntary members pay the 11% of the monthly salary credit (MSC) based on the monthly earnings declared at the time of registration.

What is the SSS mandate in the Philippines?

The SSS Mandate 1.1 Declaration of Policy “It is the policy of the State to establish, develop, promote and perfect a sound and viable tax-exempt social security system suitable to the needs of the people throughout the Philippines which shall promote social justice and provide

What’s the new SSS contribution rate for 2014?

The Social Security System (SSS) has issued a new schedule of Social Security (SS) and Employees’ Compensation (EC). From January 2014 the monthly contribution for SSS will raise from 10.4% to 11% of their monthly salary credit (MSC).