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New SSS Contributions Effective 2023

Updated: Jan 31

Pursuant to Republic Act No. 11199, otherwise known as Social Security Act of 2018 which includes provision that increases the SSS Contribution rate effective January of the year of implementation as follows:


In a statement made last December 20, 2022 by Mr. Michael Regino, SSS President and CEO, the “four-stage” contribution rate hike under RA 11199 readies the SSS fund for the future needs of its members. This will ensure the pension funds viability for the benefits of its members, pensioners and their beneficiaries. According to the SSS Chief, latest actuarial valuation revealed that the pension fund’s life would last until 2054.


Starting January 1, 2023 as per Social Security Commission (SSC) Resolution No 751-S 2022 dated November 25, 2022, the new SSS contribution rate will be 14 percent, a one percent increase from the current of 13 %. The 14 percent is composed of 9.5 % Employer Share and 4.5% Employee Share while the minimum Monthly Salary Credit (MSC) will be increased from P3,000 to P4,000 and the maximum MSC from P25,000 to P30,000. The 1 % increase is to be shouldered by the employer and employee’s share remains at 4.5%.

SSS Contribution Table for Employees and Employers in 2023

How to check your monthly contribution as an employed member?


Determine how much your gross salary is and check on the SSS contribution table above on which income bracket you belong and then look for the Total Employee (EE) column. Or simply download the new SSS table and calculator below.



New SSS Table & Calculator 2023 Excel File
.xlsx
Download XLSX • 21KB


Non-remittance or remitting understated SSS contribution may result for Assessment with the Social Security System. Your payroll system must be equipped with these mandatory changes. With AanyaHR, there is no need to worry as the system automatically updates with every increases mandated by the Philippine Government Agencies. For more features, visit our website at www.aanyahr.com



Source: SSS



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40 commenti


Ospite
10 gen

HELLO, I AM AN OFW AND MISSED TO PAY MAY CONTRIBUTION LAST YEAR, JANUARY TO DECEMBER 2023, CAN I STILL PAY IT IN THE PHILIPPINES THIS JANUARY 2024?

Mi piace

Ospite
19 nov 2023

How do we compute the Average Monthly Salary Credit?

Mi piace

Ospite
16 ott 2023

I had a previous loan to SSS when I was employed. Now that I'm a freelancer, I would like to continue it. What is the process and will I need to settle first my loan?


Mi piace
Ospite
07 dic 2023
Risposta a

Visit near SSS office with you and and you can apply Loan Restructuring Program. . . i did not before.

Mi piace

Ospite
09 ott 2023

Hi, I am an OFW an I would like to continue my contribution. But I have not paid contribution for more than a year. What can I do?

Mi piace

Hello ! I'm CONRADO VILLEGAS DUAMAN JR. already 54 yrs old and I was stopped from the company due to changed of management my last contribution was December 2022 , now I can't give my monthly contribution, if in case I wont give it anymore how much my monthly pension if ever?

Another query :

Since I'm already 54 yrs old how much my monthly contribution, In order to received a higher monthly pension when already I'm a senior citizen.

Mi piace
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