Your email address will not be published. We would like to show you a description here but the site won’t allow us. Learn how your comment data is processed. The Social Security System or SSS which oversees the pension plan for the private sector will impose a higher contribution rate for its members, from the existing 11% to 12% effective April 1, 2019. link to How to Renew Philippine Passport in Kuwait: An Ultimate Guide, link to How to Invest in Pag-IBIG MP2 Program: An Ultimate Guide, SSS Online Registration Guide: 4 Easy Steps. Employee’s share: Php 20,000 x 0.045 (4.5% contribution rate) = Php 900, Employer’s share: Php 20,000 x 0.085 (8.5% contribution rate) = Php 1,700 (plus Php 30 for the EC contribution), Total contribution: Php 900 + Php 1,730 = Php 2,430. Want to grow your money? Republic Act No. *The contribution of the Non-Working Spouse shall be based on fifty percent (50%) of the Monthly Salary Credit (MSC) of his/her working spouse. See the other iSensey useful SSS articles. Using the example above (MSC of Php 3,500), you must pay Php 455 for the SSS contribution plus Php 10 EC contribution for a total of Php 465. The SSS doesn’t allow paying the contribution for the first time as a voluntary member without being registered before as an employed, self-employed, or OFW member. The corresponding premium percentage is capped at a salary ceiling of ₱60,000 in 2020, increasing up to ₱100,000 by 2024 and onwards. For a total SSS contribution of P960 per month. Another way to compute the monthly contribution is to use this formula: = Php 1,700 (plus Php 30 for the EC contribution). Or write down your new contact details when applying for a benefit, loan, or any other SSS program. To know the total monthly contribution, look for the amount on the rightmost column. Members of the Epekwitk Assembly of Councils — which represents the Abegweit and Lennox Island First Nations — say they want more than just modifications to an existing plaque next to the statue of Sir John A. Macdonald. 11. Self-employed members with a monthly salary credit (MSC) below Php 15,000 will pay a monthly EC contribution of Php 10 whereas those with MSC of Php 15,000 and above will pay Php 30. What should I do? Fill out the Member Data Change Request Form (E-4) with your updated info. For land-based OFWs who are working in countries without bilateral labor agreement with the Philippines, the whole contribution will be paid by the OFW to the SSS. Your share in SSS contribution is P800, while your employer will pay P400, for a total SSS monthly contribution of P1,200. Click to get the latest Buzzing content. Your SSS contribution share is P600, while your employer’s share is P1,200, for a total of P1,800. Here’s how to compute your SSS contribution as an OFW using the table above. Can I continue paying now? 3. As an OFW, can my family member in the Philippines pay contribution for me? Covered members are entitled to social security benefits upon illness. Practically speaking, you can pay only what you can afford per month. Will my payment be accepted without it? Find your corresponding MSC on the rightmost column of the “Monthly Salary Credit” section. Put a checkmark on the box next to “Updating of Contact Information” and the specific info for updating (Address/Telephone Number/Email Address/Mobile Number). Recently, SSS announced that self-employed members can now register to the employees’ compensation (EC) program4 just like their counterparts in the formal economy sector. Here’s how: 1. – At least six posted monthly contributions for the last 12 months with at least 36 total posted monthly contributions. Expect to stand in long lines in an SSS branch on weekdays during lunch break, especially on the last day of the month when contribution payments are due. Meanwhile, a non-working spouse’s monthly contribution is based on 50% of his/her working spouse’s MSC. Will my payment be accepted without it? Lines are shorter at non-bank collecting partners, but posting can take longer. For those SE/VOLUNTARY/NON-WORKING SPOUSE with compensation range from P19,750 and above, the update SSS contribution beginning April 2019 is P2,400. Is PRN really required? Frustrated with the late posting of your payments when it’s supposed to be instant? Lines are perpetually long in major banks like BPI at any time of the day. The total amount to pay out of the pocket is Php 1,730. For kasambahay who are earning P5,000 and below, it is the employer who will pay the entire SSS contribution. Covered members are entitled to social security benefits upon illness, unemployment, childbirth/miscarriage, disability, retirement, or death. For employers and employees, here’s how to determine the monthly contribution using the new SSS contribution table: 1. Wondering why—in this digital age—the entire process of remitting contribution can’t be fully online? Are you a member of SSS? To know the total monthly contribution, look for the amount on the rightmost column. Always check if your records are correct and updated. Can I change the amount of SSS contribution I’m paying? Filipiknow is fueled by the belief that what we expect from our country matters less than what our motherland expects from us. New lawsuit by President Trump’s legal team asks SCOTUS to dismiss 50,000 illegal ballots in Wisconsin. This change will affect SSS members except for Kasambahay and Overseas Filipino Workers whose minimum MSC will remain at Php 1,000 and Php 8,000, respectively. Househelp who are earning P7,750 to P8,249.99, the contribution share of the employer is P640 and the contribution ng kasambahay mismo is P320. Only focus on the MSC for now. Pay your contribution during off-peak periods. Should I convert to self-employed/voluntary/OFW/non-working spouse to start paying contribution on my own? Members with a discrepancy in their name, date of birth, civil status, gender, or list of dependents/beneficiaries often suffer from delays in the processing of their pensions or benefits. If you wish to use filipiknow.net content for commercial purposes, such as for content syndication etc., please contact us at [email protected], Pingback: How to Get LTO Driver's License in 2021: Application and Requirements, Pingback: How to Get UMID ID in the Philippines: 2021 Updated Guide. Can I pay through online banking instead? Filed Under: Govt Services, SSS Tagged With: 2019 SSS Premiums, OFW SSS Contribution, Seaman SSS contribution, SSS Contribution Increase April 2019, SSS contribution rate, SSS New Contribution, SSS TABLE OF CONTRIBUTION 2019. Increase your chances with 20+ banks and lenders. 1. Related: How to Get Overseas Employment Certificate (OEC) Through BM Online. 2a. 8. 1. 3. Are you a member of SSS? For example, if a, = Php 425 (plus Php 10 for the EC contribution). For example, if the, Find your share of contribution on the ER column corresponding to your. Venus Zoleta is an experienced writer and editor for over 10 years, covering topics on personal finance, travel, government services, and digital marketing. How do I correct a wrong amount posted on my account? – At least 36 posted monthly contributions before the semester of member’s death, for the beneficiaries to receive a monthly pension. Submit your accomplished Form E-4 to any SSS branch. For example, if a kasambahay has an MSC of Php 5,000, the total monthly contribution is Php 660 (Php 225 employee’s share + Php 425 employer’s share + Php 10 EC contribution). 3. If 50% of your spouse’s MSC doesn’t correspond to any MSC in the SSS contribution table, base your contribution on the next higher MSC. Hi good day to you ISENSEY, Now, if the additional P1,000 pension increase happens this 2019 without any contribution increase, then the SSS fund life will be in a precarious situation, it’ll be further shorten. Government employees are exempted and therefore won’t have salary deductions for WISP. Why is my latest payment not posted yet?

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