Guide on the SSS Contribution 2024 for All Members
SSS CONTRIBUTION 2024 – You can check the guide below for the monthly contributions set by the Social Security System for members this year.
Millions of Filipinos remit a monthly contribution to the Social Security System, more popularly called SSS. The rates depend on the amount of the monthly income of a member and its source or the employment status of the member.
The Social Security System has set different rates for locally-employed and self-employed members of the state-run social insurance agency as well as different contributions for overseas Filipino workers (OFWs), kasambahays, non-working spouses of SSS membes, and voluntary members.
Compulsory Membership
- Employer (Business or Household Employer)
- Employee
- Self-Employed
- Househelper or Kasambahay
- Overseas Filipino Workers (OFW)
- land-based and sea-based including Filipino immigrants, permanent residents, and naturalized citizens of their host countries
Voluntary Membership
- Non-Working Spouse (NWS)
- Separated Members
Every year, the SSS monthly contribution rates based on the rules of the Social Security System and the national government since the entity is under the state. What most members do at the start of the year is to check on the amount of the premiums they have to pay to ensure that they are able to keep their accounts updated.
Do you want to check the SSS contribution 2024? You may refer to the list below depending on your employment status:
SSS Loans & Benefits
The Social Security System who maintain an active and updated accounts may qualify to the loans and benefits offered by the state-run social insurance agency. Here are the loan offers that were crafted to help meet the financial needs of qualified members:
SSS Salary Loan
The Social Security System crafted a multi-purpose cash loan offer to help address the financial needs of its members. It is open for members who meet the following eligibility criteria:
- employed / self-employed / voluntary SSS member
- at least 65 years old upon the loan application
- at least thirty-six (36) monthly contributions
- employer must be updated in posting the monthly contributions
- not a recipient of a final benefit such as retirement benefit
- no fraud case against the SSS
SSS Housing Loan
If you are in need of a financing solution for your house repair or home improvement, you may turn to the SSS Housing Loan offer. Here are the eligibility requirements under the offer:
- member must have posted at least 36 monthly contributions with 24 continuous contributions prior to the application
- not more than 60 years old at the time of application
- not previously granted a repair and/or improvement loan by the SSS or NHMFC
- not been granted final SSS benefits
- borrower and spouse is updated in the payment of their other SSS loan(s)
SSS Calamity Loan
Also one of the loans offered by the Social Security System is the SSS Calamity Loan which members can turn to in times of natural disaster. Here are the qualifications under the loan offer:
- member must have updated payment contributions and loan remittances
- has posted at least 36 monthly contributions with at least six (6) contributions posted within the last 12 months prior to the month of the filing of loan application
- residing in area declared under a State of Calamity
- has not received a final benefit from the Social Security System
- has no outstanding restructured loan under the SSS
As mentioned, the Social Security System or SSS also has benefit offers. They come with different requirements:
gusto Kong magkontinyos sapag nang SSS ko anong gagawin ko?