All About SSS Monthly Contribution Table
Last updated: August 18, 2023
Written by: Digido Financial Writers Team | Reviewed by: Mark Anthony
Key takeaways:
- Here you will find the SSS Contribution Table 2023.
- The money you contribute to SSS makes you eligible for a loan.
- Need money but you are not entitled to get a SSS loan?
- The best alternative you should try is Digido.
- It is a lending institution that has a loan available to you online up to 25,000 pesos.
Table of Contents
The Social Security System, or widely known as SSS (1), updates the monthly contribution table every year. And for the year 2021, despite the pandemic, the contribution rate has increased from 12% to 13%. Many Filipinos are against the SSS new contribution rate. However, it is the Republic Act 11199 that made the increase into reality.
President Rodrigo Duterte signed R.A. 11199 (2), or the Social Security Act of 2018, on February 18, 2019. With this law, the SSS contribution rate should increase every other year until it reaches 15% in the year 2025. The reason behind the increase is to provide retirement security for all the members. And this is not only for the existing pensioners but also for the future retirement of the other members.
For the record, from 1980 until 2016, the contribution rate has just increased 4 times. But it has grown its pension rate 22 times during this period, plus PHP 1,000 monthly to the pensioners.
Weβre hoping that this article will answer all of your SSS contribution inquiries!
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What is the SSS Mandatory Provident Fund?
If you are an employee, you have probably noticed a significant increase in your SSS deduction. You may be confused because you know that the contribution rate has increased only by 1%. To make it clear, the additional charge is not a contribution to the usual SSS program. It is the SSS Mandatory Provident Fund.
The SSS Mandatory Provident Fund was previously the SSS P.E.S.O. Fund or the Personal Equity and Savings Option. It was a voluntary provident fund offered by SSS to its members in addition to the SSS program. With this, members could save more to have more benefits in the future.
However, due to the Social Security Act of 2018, the P.E.S.O. Fund switched into a mandatory fund. Being indicated in the law, it states that members will receive additional benefits, but they shall save it along with their contribution. Its basis is on the monthly salary credit (3) msc over PHP 20,000 up to the maximum threshold and earnings of the member.
The advantages include:
β tax-free, guaranteed earnings;
β contributions placed in guaranteed investments.
SSS will divide your provident fund into 3 account types that will surely benefit you:
β Additional retirement / disability benefit;
βMedical benefit;
β General-purpose (education, housing, livelihood, unemployment).
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Who Can Pay the SSS Contribution Payment?
If you are employed, your employer is responsible for remitting your SSS contribution. Your employer will deduct the amount of your share directly to your pay. Additionally, your employer will pay his share for your SSS contribution.
But if you are a self-employed individual, you can pay your SSS contributions online. You can remit your share using the SSS mobile app, Gcash, Paymaya, Unionbank online, or BPI online. Note that you first need to sign in to the SSS website and create an account.
* Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval.
Contribution Rates of SSS
For the employed SSS members, the employee will shoulder 4.5% through monthly salary deductions. Meanwhile, the employer will cover the remaining 8.5% in the 13% contribution rate. Self-employed members will pay the corresponding contribution based on their gross income under the SSS salary bracket.
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How to Compute Your Monthly SSS Contribution
For employed members:
Step 1. Identify your basic monthly rate or your gross income. Gross income includes the overtime pay and holiday pay less the absences for the period.
Step 2. Refer to the SSS contribution chart or the monthly SSS voluntary contribution table 2023. Under the Range of Compensation column, navigate the salary SSS bracket where your gross income falls. Find its corresponding MSC (Monthly Salary Credit) under the Total column.
Note that the Mandatory Provident Fund only applies to members having a gross income that exceeds PHP 20,000.
Step 3. Under the EE column, find your monthly deduction that corresponds to your MSC. For example, if your MSC is PHP 20,000, then your employer will deduct your pay of PHP 900.
Step 4. To get your total contribution (including the employer share), you can refer to the Total column at the rightmost part of the table. Thus, if your MSC is PHP 20,000 your total monthly contribution is PHP 2,630. This consists of your share of PHP 900 and your employerβs share of PHP 1,730.
For better understanding, you can compute your total contribution this way:
(MSC x Contribution Rate) + EC Contribution
PHP 20,000 x 13% = PHP 2,600 + PHP 30 = PHP 2,630
Note that the contribution rate is 4.5% for the employee and 8.5% for the employer. Hence, PHP 900 is for the employee and PHP 1,730 is for the employer.
But what if you exceed the PHP 20,000 threshold and you need to pay for the mandatory provident fund?
Just add the total mandatory provident fund to the 13% contribution plus EC contribution to get your total SSS contribution. For your salary deduction, you need to add your share in the mandatory provident fund to your employee contribution share.
For self-employed members:
Step 1. Refer to the monthly income you declared on your Form E-1. Under the Range of Compensation column, navigate the salary bracket where your gross income falls. Then, find its corresponding MSC (MinimumΒ Monthly Salary Credit) under the Total column.
Step 2. Calculate your total monthly contribution this way:
(MSC x Contribution Rate) + EC Contribution
Note that with the SSS new contribution table, self-employed members can now pay for EC contribution themselves as well. Therefore, if your MSC is PHP 20,000, you need to remit the total contribution of PHP 2,630:
(PHP 20,000 x 13%) + PHP 30 = PHP 2,630
If you have noticed, the computations for both employed and self-employed are the same. They only differ in the amount to remit, as with employed individuals, the employer has a share with their contributions.
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For voluntary and non-working spouse members:
Since voluntary members donβt have fixed monthly gross income, the MSC depends on the amount received on a certain month.
MSC x Contribution rate = Monthly Contribution
Meanwhile, for the non-working spouse, the monthly contribution is 50% of the working spouseβs MSC.
Β½ of Working Spouse MSC x Contribution Rate = Monthly Contribution
For OFW members:
Step 1. Under the Range of Compensation column, navigate the salary bracket where your gross income falls. Then, find its corresponding MSC or Monthly Salary Credit under the Total column.
Step 2. Calculate your total monthly contribution this way:
MSC x Contribution rate = Monthly Contribution
βΒ Read about OFW Loan in the Philippines
For Household Employers and Kasambahay:
If the monthly wage of the house helper is below PHP 5,000, the household employer should pay the full monthly contribution.
But if it is above PHP 5,000, the computation and procedure for the monthly contribution are the same with the employed members.
For the kasambahay:
Step 1. Under the Range of Compensation column, find your salary bracket and its corresponding MSC under the Total column.
Step 2. Under the EE column, find your monthly deduction that corresponds to your MSC. If your MSC is PHP 5,000 your total monthly contribution is PHP 225 which is 4.5% of the contribution rate.
Meanwhile, your employer will share the 8.5% or PHP 425 to complete the 13% rate, plus PHP 10 EC contribution.
(MSC x Contribution Rate) + EC Contribution
PHP 5,000 x 13% = PHP 650 + PHP 30 = PHP 660
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New SSS Contribution Table 2023 with Monthly Salary Credit
Mentioned above are the computation of each type of SSS membersβ contribution. To help you have a further understanding of the contribution tables below, we will identify the categories indicated in the tables.
- Monthly salary credit – according to the Social Security Law, the monthly salary credit is used as the compensation base for contributions and benefits. Using the MSC, the SSS will compute your monthly contribution based on your monthly salary.
- Range of compensation – your compensation will be based on this, depending on your monthly salary.
- Social security – EE – this reflects the amount of your contribution as an employee.
- Social security – ER – this reflects your employerβs monthly contribution.
- EC contribution – contributions for the Employeeβs Compensation program.
- Mandatory Provident Fund – introduced in January 2021, the MPF will grant additional benefits to members upon reaching the age of retirement. All SSS members with a monthly salary of at least Php 20,000 are required to contribute.
- Total contribution – the full amount of your SSS contributions.
Here are the five SSS Contribution Tables for 2023 that you can use to calculate your contribution:
1. For Employers and Employees
For SSS members who are employed, the minimum monthly salary credit is Php 4,000 while the maximum monthly salary credit is Php 30,000. Total contribution will range from Php 570 to Php 4,230.
SSS Contribution Table 2023 for Employers and Employees
Range of Compensation | Monthly Salary Credit | Employer β Employee | |||||||||||||
Social Security | Employees Compensation | Mandatory PF | Total Contribution | ||||||||||||
Regular SS | Mandatory PF | Total | ER | EE | TOTAL | ER | EE | TOTAL | ER | EE | TOTAL | ER | EE | TOTAL | |
Below 3,250 | 3,000 | β | 3,000 | 255 | 135 | 390 | 10 | β | 10 | β | β | β | 265 | 135 | 400 |
3,250 β 3,749.99 | 3,500 | β | 3,500 | 297.50 | 157.50 | 455 | 10 | β | 10 | β | β | β | 307.50 | 157.50 | 465 |
3,750 β 4,249.99 | 4,000 | β | 4,000 | 340 | 180 | 520 | 10 | β | 10 | β | β | β | 350 | 180 | 530 |
4,250 β 4,749.99 | 4,500 | β | 4,500 | 382.50 | 202.50 | 585 | 10 | β | 10 | β | β | β | 392.50 | 202.50 | 595 |
4,750 β 5,249.99 | 5,000 | β | 5,000 | 425 | 225 | 650 | 10 | β | 10 | β | β | β | 435 | 225 | 660 |
5,250 β 5,749.99 | 5,500 | β | 5,500 | 467.50 | 247.50 | 715 | 10 | β | 10 | β | β | β | 477.50 | 247.50 | 725 |
5,750 β 6,249.99 | 6,000 | β | 6,000 | 510 | 270 | 780 | 10 | β | 10 | β | β | β | 520 | 270 | 790 |
6,250 β 6,749.99 | 6,500 | β | 6,500 | 552.50 | 292.50 | 845 | 10 | β | 10 | β | β | β | 562.50 | 292.50 | 855 |
6,750 β 7,249.99 | 7,000 | β | 7,000 | 595 | 315 | 910 | 10 | β | 10 | β | β | β | 605 | 315 | 920 |
7,250 β 7,749.99 | 7,500 | β | 7,500 | 637.50 | 337.50 | 975 | 10 | β | 10 | β | β | β | 647.50 | 337.50 | 985 |
7,750 β 8,249.99 | 8,000 | β | 8,000 | 680 | 360 | 1,040 | 10 | β | 10 | β | β | β | 690 | 360 | 1,050 |
8,250 β 8,749.99 | 8,500 | β | 8,500 | 722.50 | 382.50 | 1,105 | 10 | β | 10 | β | β | β | 732.50 | 382.50 | 1,115 |
8,750 β 9,249.99 | 9,000 | β | 9,000 | 765 | 405 | 1,170 | 10 | β | 10 | β | β | β | 775 | 405 | 1,180 |
9,250 β 9,749.99 | 9,500 | β | 9,500 | 807.50 | 427.50 | 1,235 | 10 | β | 10 | β | β | β | 817.50 | 427.50 | 1,245 |
9,750 β 10,249.99 | 10,000 | β | 10,000 | 850 | 450 | 1,300 | 10 | β | 10 | β | β | β | 860 | 450 | 1,310 |
10,250 β 10,749.99 | 10,500 | β | 10,500 | 892.50 | 472.50 | 1,365 | 10 | β | 10 | β | β | β | 902.50 | 472.50 | 1,375 |
10,750 β 11,249.99 | 11,000 | β | 11,000 | 935 | 495 | 1,430 | 10 | β | 10 | β | β | β | 945 | 495 | 1,440 |
11,250 β 11,749.99 | 11,500 | β | 11,500 | 977.50 | 517.50 | 1,495 | 10 | β | 10 | β | β | β | 987.50 | 517.50 | 1,505 |
11,750 β 12,249.99 | 12,000 | β | 12,000 | 1,020 | 540 | 1,560 | 10 | β | 10 | β | β | β | 1,030 | 540 | 1,570 |
12,250 β 12,749.99 | 12,500 | β | 12,500 | 1,062.50 | 562.50 | 1,625 | 10 | β | 10 | β | β | β | 1,072.50 | 562.50 | 1,635 |
12,750 β 13,249.99 | 13,000 | β | 13,000 | 1,105 | 585 | 1,690 | 10 | β | 10 | β | β | β | 1,115 | 585 | 1,700 |
13,250 β 13,749.99 | 13,500 | β | 13,500 | 1,147.50 | 607.50 | 1,755 | 10 | β | 10 | β | β | β | 1,157.50 | 607.50 | 1,765 |
13,750 β 14,249.99 | 14,000 | β | 14,000 | 1,190 | 630 | 1,820 | 10 | β | 10 | β | β | β | 1,200 | 630 | 1,830 |
14,250 β 14,749.99 | 14,500 | β | 14,500 | 1,232.50 | 652.50 | 1,885 | 10 | β | 10 | β | β | β | 1,242.50 | 652.50 | 1,895 |
14,750 β 15,249.99 | 15,000 | β | 15,000 | 1,275 | 675 | 1,950 | 30 | β | 30 | β | β | β | 1,305 | 675 | 1,980 |
15,250 β 15,749.99 | 15,500 | β | 15,500 | 1,317.50 | 697.50 | 2,015 | 30 | β | 30 | β | β | β | 1,347.50 | 697.50 | 2,045 |
15,750 β 16,249.99 | 16,000 | β | 16,000 | 1,360 | 720 | 2,080 | 30 | β | 30 | β | β | β | 1,390 | 720 | 2,110 |
16,250 β 16,749.99 | 16,500 | β | 16,500 | 1,402.50 | 742.50 | 2,145 | 30 | β | 30 | β | β | β | 1,432.50 | 742.50 | 2,175 |
16,750 β 17,249.99 | 17,000 | β | 17,000 | 1,445 | 765 | 2,210 | 30 | β | 30 | β | β | β | 1,475 | 765 | 2,240 |
17,250 β 17,749.99 | 17,500 | β | 17,500 | 1,487.50 | 787.50 | 2,275 | 30 | β | 30 | β | β | β | 1,517.50 | 787.50 | 2,305 |
17,750 β 18,249.99 | 18,000 | β | 18,000 | 1,530 | 810 | 2,340 | 30 | β | 30 | β | β | β | 1,560 | 810 | 2,370 |
18,250 β 18,749.99 | 18,500 | β | 18,500 | 1,572.50 | 832.50 | 2,405 | 30 | β | 30 | β | β | β | 1,602.50 | 832.50 | 2,435 |
18,750 β 19,249.99 | 19,000 | β | 19,000 | 1,615 | 855 | 2,470 | 30 | β | 30 | β | β | β | 1,645 | 855 | 2,500 |
19,250 β 19,749.99 | 19,500 | β | 19,500 | 1,657.50 | 877.50 | 2,535 | 30 | β | 30 | β | β | β | 1,687.50 | 877.50 | 2,565 |
19,750 β 20,249.99 | 20,000 | β | 20,000 | 1,700 | 900 | 2,600 | 30 | β | 30 | β | β | β | 1,730 | 900 | 2,630 |
20,250 β 20,749.99 | 20,000 | 500 | 20,500 | 1,700 | 900 | 2,600 | 30 | β | 30 | 42.50 | 22.50 | 65 | 1,772.50 | 922.50 | 2,695 |
20,750 β 21,249.99 | 20,000 | 1,000 | 21,000 | 1,700 | 900 | 2,600 | 30 | β | 30 | 85 | 45 | 130 | 1,815 | 945 | 2,760 |
21,250 β 21,749.99 | 20,000 | 1,500 | 21,500 | 1,700 | 900 | 2,600 | 30 | β | 30 | 127.50 | 67.50 | 195 | 1,857.50 | 967.50 | 2,825 |
21,750 β 22,249.99 | 20,000 | 2,000 | 22,000 | 1,700 | 900 | 2,600 | 30 | β | 30 | 170 | 90 | 260 | 1,900 | 990 | 2,890 |
22,250 β 22,749.99 | 20,000 | 2,500 | 22,500 | 1,700 | 900 | 2,600 | 30 | β | 30 | 212.50 | 112.50 | 325 | 1,942.50 | 1,012.50 | 2,955 |
22,750 β 23,249.99 | 20,000 | 3,000 | 23,000 | 1,700 | 900 | 2,600 | 30 | β | 30 | 255 | 135 | 390 | 1,985 | 1,035 | 3,020 |
23,250 β 23,749.99 | 20,000 | 3,500 | 23,500 | 1,700 | 900 | 2,600 | 30 | β | 30 | 297.50 | 157.50 | 455 | 2,027.50 | 1,057.50 | 3,085 |
23,750 β 24,249.99 | 20,000 | 4,000 | 24,000 | 1,700 | 900 | 2,600 | 30 | β | 30 | 340 | 180 | 520 | 2,070 | 1,080 | 3,150 |
24,250 β 24,749.99 | 20,000 | 4,500 | 24,500 | 1,700 | 900 | 2,600 | 30 | β | 30 | 382.50 | 202.50 | 585 | 2,112.50 | 1,102.50 | 3,215 |
24,750 β over | 20,000 | 5,000 | 25,000 | 1,700 | 900 | 2,600 | 30 | β | 30 | 425 | 225 | 650 | 2,155 | 1,125 | 3,280 |
2. For Self-employed Members
The minimum total monthly contributions for self-employed SSS members is Php 570 while the maximum total monthly contributions is Php 4,320.
SSS Contribution Table 2023 for Self-employed Members
3. For Voluntary and Non-Working Spouse Members
The same goes for voluntary and non-working spouse members: the minimum monthly contribution is Php 560 and the maximum is Php 4,200.
SSS Contribution Table 2023 for Voluntary and Non-Working Spouse Members
4. For OFW Members
For SSS OFW contributions, members who are working overseas have a minimum monthly salary credit is Php 8,000.Β
For sea-based and land-based OFWs working in countries where the Philippines has a bilateral labor agreement with, the minimum monthly total contribution is Php 970 while the maximum is Php 2,430.Β
On the other hand, those OFWs who are working in countries with no bilateral labor agreement with the Philippines will have a minimum and maximum monthly contribution of Php 960 and Php 2,400.
SSS Contribution Table 2023 for OFW Members
5. For Household Employers and Kasambahay Members
Household employers and local domestic workers will have a minimum and maximum monthly contribution of Php 150 and Php 4,230, respectively.
SSS Contribution Table 2023 For Household Employers and KasambahayΒ
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SSS contribution sample computation
Here is a sample computation for someone who is an SSSe employed member with Php 20,000 worth of SSS monthly salary credit.
PHP 20,000 x 13% = PHP 2,600 + PHP 30 = PHP 2,630
Note that the contribution rate is 4.5% for the employee and 8.5% for the employer. Hence, PHP 900 is for the employee and PHP 1,730 is for the employer.
Step 1. Identify your basic monthly rate or your gross income. Gross income includes the overtime pay and holiday pay less the absences for the period.
Step 2. Refer to the SSS contribution chart or the monthly SSS voluntary contribution table 2023. In this case of the employed member, they will fall under the employed table. Under the Range of Compensation column, navigate the salary SSS bracket where your gross income falls. Find its corresponding MSC (Monthly Salary Credit) under the Total column.
Note that the Mandatory Provident Fund only applies to members having a gross income that exceeds PHP 20,000.
Step 3. Under the EE column, find your monthly deduction that corresponds to your MSC. For example, if your MSC is PHP 20,000, then your employer will deduct your pay of PHP 900.
Step 4. To get your total contribution (including the employer share), you can refer to the Total column at the rightmost part of the table. Thus, if your MSC is PHP 20,000 your total monthly contribution is PHP 2,630. This consists of your share of PHP 900 and your employerβs share of PHP 1,730.
SSS contribution useful tips
- If possible, always keep a copy of your SSS contribution table based on your category (employed, self-employed, voluntary, etc.) That way, youβre keeping track of how much you are paying for contributions and how often. It can also help you if youβre planning to apply for a SSS loan or avail of its benefits.
- There are lots of ways to get an SSS payment reference number! You can get your PRN through the SSS member website, through the SSS mobile app, through text, through email, through the SSS hotline, or by going to an SSS branch near you.
- You cannot make a retroactive SSS payment for the months that you have missed. However, you can still pay your SSS contributions for the succeeding months.
- If you are an OFW, you can assign a loved one here in the Philippines to pay for your SSS contributions. Just make sure that your representative has your PRN and other payment details.
- You can view or check your SSS contributions online through the SSS website! Just go to the SSS membersβ portal and log in with your username and password.
Why did SSS contributions increase?
As it was mentioned at the beginning of this article, the hike of SSS contribution is due to R.A. 11199. The purpose of this increase is to provide additional benefits for the future retirement of members.
The financial assistance of SSS should cope with its membersβ growing demands. Since the value of money decreases over time, the old contribution rate is not sufficient to provide significant help. Thus, with the increase of the SSS contribution plus the provident fund, members can assure better benefits. Check out the new sss payment schedule for your job.
Can I Get a Loan from SSS?
Members can apply for a salary loan to SSS given that they:
β have at least 36 months total SSS contributions; and
βΒ have 6 months of SSS contributions in the last 12 months.
Members can also apply for a 2-month salary loan with the condition that they:
βΒ have at least 72 months of posted SSS contributions; and
βΒ have 6 months of contributions in the last 12 months.
If you are not sure how many months you have contributed, you can check your member account on My.SSS portal.
FAQ
Where to Get Money if I Am Not Entitled to a SSS Loan?
Need money but you are not entitled to get a SSS loan?
If yes, then you came to the right place. Digido offers you instant cash loans for Filipinos in need of funds. Whether itβs for an emergency, house repairs, or any financial contingencies, Digido can provide the money you need.
Here are some of the advantages of receiving loans at Digido:
β You can borrow up to PHP 25,000 with a daily interest rate of only 1.5%, lower than other online loans.
β Itβs easier and convenient to apply. Digido only requires 1 government valid ID, and you just need to enter the necessary data into the online application.
βΒ You will receive your money immediately after signing the contract. You have the option to receive the money via bank transfers, Cebuana Cash Pick-up, or Gcash.
βΒ Repeat borrowers can avail of installment loans.
β You can apply anytime and anywhere. Digido is always ready to serve you and provide for your financial needs. Visit the Digido website for further details of the loan application.
Conclusion
Note that when computing for your monthly contribution, always check the updates of SSS and updated SSS contribution table 2023. Moreover, make sure that you have updated contributions posted in their system to avoid any problems with your benefits. As a member of SSS, you should also know all new guidelines released by the agency. In summary, with the implemented law, SSS can provide you and the next generation with better retirement assistance in the future.
Apply nowArticles Sources
- Republic of the Philippines Social Security System https://www.sss.gov.ph/
- Republic Act No. 11199 https://www.officialgazette.gov.ph/…
- Monthly average salary Philippines 2016-2020 https://www.statista.com/statistics/…
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Note: The information presented in the tables is subject to change and borrowers are advised to contact their chosen bank/ financial entity directly for the updated information