The SSS Contribution Table 2018 remains the same despite SSS’ proposals for contribution rate and MSC hike.

This means that as of this writing, the maximum contribution rate is still P1,760 with Monthly Salary Credit (MSC) of P16,000 for members who earn ₱15,750 and above.

On the other hand, the minimum contribution rate is P110 with Monthly Salary Credit (MSC) of P1,000 for members who earn at least ₱1,000 per month.

HOW MUCH should you pay to SSS?

The amount of your SSS contribution depends on your salary or compensation.

1. For Self-employed and Voluntary Members

You should pay the 11% of the MSC based on the monthly earnings declared at the time of registration.

2. For OFWs

The minimum monthly salary credit is pegged at ₱5,000. Therefore, your minimum contribution to SSS is ₱550. But since most OFWs earn more than ₱15,750, you are expected to pay the maximum contribution which is ₱1,760 per month.

3. For the Non-working Spouse

The contribution will be based on 50% of the working spouse’s last posted monthly salary credit but in no case shall it be lower than ₱1,000.

To know how much you’re supposed to pay for your SSS contribution, please refer to the SSS Contribution Table 2018 below for Self-employed, Voluntary, Non-working Spouse, and OFW members.

Example 1: For Self-employed, Voluntary, and OFWs

If you’re earning ₱12,000 per month, your MSC is P12,000 and your monthly contribution is ₱1,320.

Example 2: For the Non-working Spouse

If your working spouse is earning ₱12,000 per month, his MSC is P12,000. 50% of his MSC is ₱6,000 which becomes your MSC as a Non-working Spouse. Therefore, your monthly contribution is ₱660.

4. For the Employed Member

The current SSS contribution rate is 11% of the MSC not exceeding ₱16,000 and this is being shared by the employer (7.37%) and the employee (3.63%).

Please refer to the SSS Contribution Table 2018 below for Employed members.

• ER – Employer’s Contribution
• EE – Employee’s Contribution
• EC – Employee’s Compensation

Example 3: For Employed Members

If you’re earning ₱12,000 per month, your MSC is P12,000. Your employer pays ₱894 and you pay ₱436 (through salary deduction). The total amount of your SSS monthly contribution in this case is ₱1,330.

Why is the Contribution Rate for Employed Members higher even with the same MSC as the Self-employed, Voluntary, and OFW members?

Based on the two tables above, the contribution rate for an employed member with an MSC of  ₱12,000 is ₱1,330 while the contribution rate for the Self-employed, Voluntary, and OFW member with the same MSC of ₱12,000 is ₱1,320.

The ₱10 difference is actually the Employer’s share for the Employee Compensation Law (EC Law) which aims to assist workers or employees who suffer work-connected sickness or injury resulting in disability or death. The employer is responsible for this amount.

WHEN should you pay your SSS Contribution?

It is important that you are aware of the payment deadlines for your SSS contributions to avoid any issues especially when availing or claiming your SSS benefits.

Please refer to the table below for the schedule and due dates of SSS contribution payments.

1. For Self-employed and Voluntary members

• The prescribed schedule of payment depends on the 10th or last digit of your SS number.
• The frequency of your contribution payments can be on a monthly or quarterly basis.
  • A quarter covers 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.

  No retropayment is accepted – meaning if you missed the previous month or quarter after the deadline, you cannot pay it anymore.

  2. 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.
  • Retropayment is accepted but only for the months within the same year or before the 31st of January of the succeeding year.

  3. For Employed members

  Your employer must pay your contributions monthly in accordance with the prescribed schedule of payment which is according to the 10th digit of the Employer’s ID Number.

  The frequency of payment is on a monthly basis for business and household employers. CONTINUE READING