Update on SSS Monthly Contribution 2021 Following An Increase
SSS MONTHLY CONTRIBUTION 2021 – The Social Security System (SSS) implements an increase on the monthly contribution starting this January.
A huge part of the Filipino population is a member of the Social Security System or more commonly called as SSS. It is social insurance institution that is under the government.
Most of the SSS members are people working in the private sector. Meanwhile, there are also voluntary memberships – for example you are not employed in a private company and you have your own business.
Every month, members of the SSS update their account with a monthly contribution depending on their salary. For the employed members, a part of the monthly contribution is shouldered by the employer.
Accumulated SSS monthly contributions makes a member eligible to obtain the benefits and other services offered by the social insurance institution. It has a lot of loan offers, too.
Do you want to check on the loans offered by the Social Security System? You may visit – SSS LOANS: 3 SSS Loan Offers For Members & How To Apply For Them.
The contribution to the social insurance institution may increase under the law. For the SSS monthly contribution 2021, a 1% increase will be implemented starting this month of January.
From 12%, the SSS monthly contribution 2021 starting this month is going to be 13%. If you are earning under Php 10,000.00 and you used to pay Php 1,200.00 to SSS every month, your monthly contribution will increase to Php 1, 300.00.
Thank you for visiting our website. We hope we have helped you with regards to this SSS matter. You may keep coming back for more informative guides.
READ ALSO: SSS HOUSING LOANS – List of Housing Loan Offers for SSS Members
Have a blessed Sunday Sir , Madam how much my benefits for my maternity leave ? Less than 3 years I’m a member of SSS . Thank you for your information God bless 🙏