SSS Contribution Table 2024 for Employers & Local Employee Members — A Guide…

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Check the SSS Contribution Table 2024 for Employers & Local Employee Members in PH

SSS CONTRIBUTION TABLE 2024 – Here is a guide on the monthly contributions set by the Social Security System for employers and local employees.

In the Philippines, one of the state-run social insurance giants is the Social Security System. It has millions of members across the nation as well as many members in different countries abroad.

SSS
Photo Credit: Philippine Business Directory

The SSS has been in the service of the Filipino people for decades now. It has several offers for its members and countless Filipinos allot a part of their monthly earning for the SSS monthly contribution.

SSS Contribution Table 2024 for Employers, Local Employee Members

SSS Membership

The membership to the Social Security System are under two (2) types — Compulsory and Voluntary. It is open for individuals who are at least 18 years old but not more than 60 years old upon the application for membership.

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

SSS Loans & Benefits

There are several loans and benefit offers for the members of the Social Security System. Here are the loan offers that members may qualify to apply for and their eligibility requirements:

SSS Salary Loan

  • 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

  • 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

  • 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

Aside from the loan offers of the Social Security System, there are also benefit offers and they come with specific purposes and list of documentary requirements for application for claim.

SSS Contribution Table 2024

Among the members of the Social Security System are local employees in the private sector in the Philippines. The SSS contribution table 2024 for these members include the share of the employers.

SSS Contribution 2024 of Employers, Employees

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