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SSS Monthly Contributions For 2018

SSS Monthly Contributions 2018

The Social Security System (SSS) of the Philippines is without a doubt one of the most successful anti-poverty programs in history as it helps improve the quality of life of millions of Filipinos with its retirement and disability benefits. 

As one of the state's mandatory benefits, SSS membership is not only exclusive to employed individuals. It is also offered to self-employed individuals, non-working spouses, and OFWs given that he/she is not over 60 years old and able to pay the monthly premiums.

Schedule of Monthly Contributions 

The following tables show the most updated SSS monthly contribution. The first table shows the Employer and Employee Shares, and the total monthly contribution. The second one shows the Self-Employed Individuals, Voluntary Members, and OFWs total monthly contribution.

Employer-Employee Monthly Contribution 2018

Please take note that ER stands for “Employer” and EE stands for “Employee”. Thus, the amounts below these acronyms represent the employer’s and the employee’s contribution shares.

Self-Employed and Voluntary Member Monthly Contribution

The monthly contributions are based on the compensation of members. The current SSS contribution rate is 11% of the monthly salary credit not exceeding P16,000 and this is being shared by the employer (at 7.37%) and the employee (at 3.63%). Self-employed and voluntary members pay the 11% of the monthly salary credit based on the monthly earnings declared at the time of registration. OFWs' minimum monthly salary credit, on the other hand, is pegged at P5,000. Non-working spouse' monthly contribution will be based on 50% of the working spouse' last posted monthly salary credit, but in no case shall it be lower than P1,000.

For Employed Members, it is important that you are aware of the payment deadlines for contributions and member loans in order to avoid incurring penalties. If you are an employee-member, your employer MUST pay your contributions and member loans monthly in accordance with the prescribed schedule of payment which is according to the 10th digit of the EMPLOYER'S ID Number. Late payments will result in penalties and delays in the processing of your benefits and loans. The frequency of payment is on a monthly basis for business and household employers.

For Self-Employed and Voluntary Members, the prescribed schedule of payment is also being followed depending on the 10th digit (last digit) of the self-employed or voluntary member SSS Number. However, the frequency of contribution payments for these types of members can be on a monthly or quarterly basis. Quarter covers three (3) consecutive calendar months ending on the last day of March, June, September, and December. Any payment for one, two or all months for a calendar quarter may be made.

As for OFWs, payment of contributions for the months of January to December of a given year may be paid WITHIN the same year. Contributions for the months of October to December of a given year may also be paid ON or BEFORE the 31st of January of the succeeding year.

Due Dates of Contributions

The following table shows the prescribed contribution payment deadline for regular and household employers, and for self-employed and voluntary members. 

Due Dates of SSS Monthly Contribution

As mentioned above, OFW's can pay their contributions from January to December within the same year and can pay until January 31st of succeeding year for October to December contributions.

Hope you find the information above noteworthy! If you have further questions, don’t hesitate to post a comment below.

Source: SSS Website

DISCLAIMER: I am not affiliated with SSS or with any government agency. My sole purpose is to help educate the Filipino people especially those busy wives and mothers from the remote areas. For accurate assistance and information regarding the SSS schedule of contributions, you can directly visit the nearest SSS branch.

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