July 16, 2018

A Guide for SSS Members in the Philippines

If you are a member of Social Security System or simply SSS, it is very important to register at My.SSS in order for you to access and check your social security records without leaving your home. You can use a computer, laptop, tablet or even smartphone with an internet connection to access the SSS website.


Once you have the SSS online account, you can now view or update your membership records, you can check your contributions and you can apply for SSS loan and benefits. There are more things that you can do using the My.SSS account at the comfort of your home.

HOW TO CREATE SSS ONLINE ACCOUNT 

I created my SSS online account a decade ago so I’m not sure if the process is still the same. But one thing for sure, it is easy to create an account as long as you follow the steps.

1. Go to SSS website https://www.sss.gov.ph
2. Then click the “Click here” button below the NOT YET REGISTERED in My.SSS
3. Select one information, as reported to SSS to register.

Savings Account Number/Citibank Cash Card/ UBP Quick Card/UMID Saving Account Number Registered in SSS
Mobile Number Registered in SSS
UMID Card
Employer ID Number/Household employer ID Number
Payment Reference Number/SBR No./Payment Receipt Transaction Number

4. Fill-out the form, enter the verification code, check the I accept the Terms of Service and click submit.
5. Check your email and click the link from SSS to complete your registration.

SSS CONTRIBUTION RATE 

Last December 23, 2013, I received an email from SSS stating the increase of contribution rate starting January 2014.
“Dear Self-Employed, Voluntary and OFW Members: Effective January 2014, the Social Security System (SSS) will implement a 0.6-percent increase in its current 10.4-percent monthly contribution rate, thereby setting the new contribution rate at eleven (11) percent. At the same time, the maximum Monthly Salary Credit (MSC) will be increased from P15,000 to P16,000. As affirmed by SSC Resolution No. 711-s.2013 dated 20 September 2013, the new SSS contribution rate and the new maximum MSC will become effective for the applicable month of January 2014."
Here is the SSS CONTRIBUTION SCHEDULE.


WHERE TO PAY YOUR SSS CONTRIBUTION 

Banks 

AUB
Bank of Commerce
BPI
PBB
Security Bank
PNB
Unionbank

Payment Centers 

Bayad Center
GCash
Ventaja
Sky Freight
PinoyExpress
Iremit
SM Payment Center

I'm a voluntary member so I always pay my contribution at SM Payment Center. I choose quarterly payment so I don't have to go every month.

January to March
April to June
July to September
October to December

Payment Deadline 

For Regular and Household Employers. If the 10th digit of the 13-digit ER/HR number ends in | Payment Deadline (following the applicable month) 

1 or 2 - 10th day of the month
3 or 4 - 15th day of the month
5 or 6 - 20th day of the month
7 or 8 - 25th of the month
9 or 0 - last day of the month

For Self-Employed and Voluntary Members (Except OFW Members). If the 10th (last) digit of the SSS Number ends in | Payment deadline {following the applicable month or quarter (For Se/VM only) as the case may be} 

1 or 2 - 10th day of the month
3 or 4 - 15th day of the month
5 or 6 - 20th day of the month
7 or 8 - 25th of the month
9 or 0 - last day of the month

HOW TO CHECK YOUR SSS CONTRIBUTIONS ONLINE 

Nowadays, once you pay your SSS contribution, you may receive text confirmation that your payment has been posted, but it may take weeks after the payment. From time to time, I also check my contribution online, I copy/paste or screenshot it so I have a copy of all my contributions.

1. Go to SSS website https://www.sss.gov.ph
2. Log-in. Enter User ID and Password
3. Click E-Services then click Inquiry
4. Click Member’s Information and Actual Premiums. Then you will see all your contributions and the total of the contributions that you have paid.

HOW TO COMPUTE YOUR SSS PENSION 

From the time you started working, you are already paying your SSS contributions but do you know how much is your pension by the time you retire. Don’t worry, it is so easy to check your retirement benefits online.

1. Go to SSS website https://www.sss.gov.ph
2. Enter your User ID and Password
3. Click E-services, then click Stipulated Retirement

* Assuming continuous payment starting on the month after the date of inquiry up to the 60th and 65th birthday or until qualified for the pension.
* The computed amount of retirement is just an estimate and may differ from the actual amount of your retirement benefits.

To give you some estimates 

Contribution   | Amount Pension at the Age of 60  | Amount of Pension at the Age of 65 

P550                 | P4,673.45                                          | P5,173.57
P1,100              | P8,034                                               | P9,034.00
P1,760              | P12,674.40                                        | P14,274.40

So if you want to increase your pension amount, increase also your contributions and don’t forget this condition.

* SE/Voluntary/OFW/NWS who is below 55 years old shall be allowed to change his/her Monthly SSS contributions without limit in frequency and in number of salary brackets in a given year, but in no case shall be lower than the prevailing minimum monthly contribution for SE/Voluntary/OFW/NWS members.
* SE/Voluntary/OFW/NWS member who is 55 years old and above shall be allowed to increase his/her SSS contributions only once in a given calendar year and by one (1) salary bracket only from the last posted contribution

Note: The monthly pension depends on the member’s paid contributions, credited years of service, and the number of his dependent minor children that must not exceed five. The monthly pension will be the highest amount resulting from either one of the three pension formulae.

1. The sum of P300 plus 20% percent of the average monthly salary credit plus two percent of the average monthly salary credit for each credited year of service in excess of ten years.
2. Forty percent of the average monthly salary credit
3. P1200, if the credited year of service is at least 10 but less than 20; or P2400 if the CYS is 20 or more.

HOW TO PAY YOUR SSS SALARY LOAN IF YOU ARE A VOLUNTARY MEMBER

I applied for SSS Salary Loan and according to the email that I’ve received my first payment would be on October 2012 so I’ve made my first payment at SM Payment Center. The only disadvantage of a voluntary member is I have to pay every month at the payment center unlike the employed members, HR is responsible for that.

1. Go to SSS branch or SM payment Center. I always go to SM because it is open every day.
2. SM payment center provides form but if you want you can also print the form from SSS website.
3. Fill it out and make payment.

Read: HOW TO APPLY FOR SSS SALARY LOAN VIA ONLINE
HOW TO REPLACE LOST SSS ID

For more information, read, download or print this SSS Guidebook

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