Guide on the SSS Monthly Contribution 2023 – The Rates Based on Salary
SSS MONTHLY CONTRIBUTION 2023 – You can check the comprehensive guide below for the contribution rate set by the Social Security System for members who earn between P5,250 – P7,749.99.
Millions of Pinoys are working or have worked in the private sector in the Philippines thus they are members of the Social Security System. A lot of private employers require their employees for membership to SSS for their own benefits and to widen their resources.
Meanwhile, although the biggest chunk of SSS members is composed of people who are working in private companies and establishments in the country, the SSS membership is also open for self-employed individuals.
Furthermore, the SSS membership also accepts overseas Filipino workers (OFWs) from any country abroad who wants to be apply provided that the qualifications are met.
The SSS offers several benefits as well as SSS loans for its members. For eligibility to these offers, it is important to maintain an active and up-to-date account. This is by posting the monthly contribution regularly.
Have you checked the SSS monthly contribution 2023?
The SSS monthly contribution rates differ depending on the source of income of the member as well as the amount that he or she earns in a month. In this article, we will focus on the SSS monthly contribution 2023 for employed individuals who earn between P5,250 – P7,749.99.
For the SSS monthly contribution 2023 for employed members earning between P5,250 – P7,749.99, here’s a guide for you:
If you are earning between P5,250 – P5,749.99…
- ER – P522.50
- EE – P247.50
- Total – P770.00
If you are earning between P5,750 – P5,249.99…
- ER – P522.50
- EE – P247.50
- Total – P770.00
If you are earning between P5,750 – P6,249.99…
- ER – P570
- EE – P270
- Total – P840
If you are earning between P6,250-P6,749.99…
- ER – P617.50
- EE – P292.50
- Total – P910
If you are earning between P6,750 – P7,249.99…
- ER – P665
- EE – P615
- Total – P980
If you are earning between P7,250 – P7,749.99
- ER – P712.50
- EE – P337.50
- Total – P1,050
The most popular loan offer by the Social Security System is the SSS Salary Loan. It was designed to help meet the short-term financial needs of members. It is multi-purpose and is open for SSS members who have posted at least 36 monthly savings.