SSS Contribution Table: Understanding Your Social Security Contributions

The SSS contribution table determines the monthly amount members contribute based on their monthly salary. These contributions are split between the employer and employee in the case of employed individuals, or borne fully by self-employed or voluntary members.

The SSS contribution rates are adjusted periodically to ensure sustainability of the fund and to reflect wage growth. The most recent adjustment took place in 2023, where the rate increased to 14% of the employee's monthly salary credit (MSC), with a minimum MSC of PHP 4,000 and a maximum MSC of PHP 30,000.

Key Components of the SSS Contribution Table:

1. Employee and Employer Contributions
   For employed members, the SSS contribution is shared by the employer and the employee. In the 14% rate:

   • Employer contribution: 9.5%
   • Employee contribution: 4.5%

   Example: If an employee earns PHP 20,000 per month, the SSS contribution breakdown would be:

   • Employee contribution: PHP 900 (4.5% of PHP 20,000)
   • Employer contribution: PHP 1,900 (9.5% of PHP 20,000)

2. Self-Employed Contributions
   Self-employed individuals must shoulder the full contribution of 14%. Their contribution is based on their monthly income declared to the SSS. For example, a self-employed worker declaring an income of PHP 15,000 will pay a total of PHP 2,100 monthly (14% of PHP 15,000).

3. Voluntary and OFW Contributions
   Voluntary members and OFWs also contribute based on their declared monthly income, with the total contribution rate set at 14%. The flexibility offered to OFWs allows them to select their contribution based on income brackets that suit their financial situation abroad.

4. Flexible Contributions for Low-Income Earners
   The SSS provides reduced contribution schemes for Kasambahay (household helpers) and self-employed farmers or fishermen earning less than PHP 1,000 per month. These special schemes aim to extend coverage to informal workers.