Here is the latest and updated SSS Contribution Table 2019. All employers, employees, self-employed, voluntary members, and OFWs must be aware of the this contribution table.
UPDATES: Please PROCEED to New SSS Contribution Table 2019 | Effective April 2019.
SSS Contributions | Employed, Self Employed, Voluntary and Non-Working Spouse
SSS Contributions | Self-Employed, OFWs and Voluntary Members
Rate of Contributions to SSS
The monthly contributions are based on the compensation of members ( Please see table on the last page). The current SSS contribution rate is 11% of the monthly salary credit not exceeding P16,000 and this is being shared by the employer (7.37%) and the employee (3.63%).
Self-employed and voluntary members pay the 11% of the monthly salary credit (MSC) based on the monthly earnings declared at the time of registration.
For OFWs, the minimum monthly salary credit is pegged at P5,000.
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 P1,000.
Due Dates of Contributions
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 tothe 10th digit of the Employer’s ID Number. Late payments will result to 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
If you are a self-employed or a voluntary member, the prescribed schedule of payment is also being followed, (depending on the 10th (last digit) of the SE/VM SS number). However, the frequency of contribution payments for self-employed or a voluntary member can be on a monthly or quarterly basis. A 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.
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 Loan Payments
For member loans, payment should be made monthly in accordance with the prescribed schedule of payment which is according to the 10th digit of the SS ID/Number.