TheEmployerpays the amount in the“Total Contribution – ER”column, while theEmployeepays the amount in the“Total Contribution – EE”column. The amount to be remitted to SSS by the employer is the sum of the two, and can be seen in the“Total Contribution – Total”column. So in the...
Scenario: I was told that the last 5 years of contribution will be the basis of the calculation for the retirement benefits. Please let me know if that is false. I would appreciate it if you could please show me how to calculate my benefits, if I retire at 65 years old, with the in...
Please see this post for the sample computation and more detailed discussion on Retirement.But basically you must have contributed at least 120 months of contribution, to be able to get the pension benefit. Disability Benefit The disability benefit, once you’ve reached 36 months of contri...