Starting January 2021, all employed SSS members with monthly salary credit of at least P24,750 will need to contributeP650.00 to the mandatory SSS Provident Fund. This amount is to be shared by the employee and employer, with the employee paying P225.00 and the employer paying P425.00 every ...
Sample computation:First, you need to compute how much is your DAILY SALARY CREDIT For example, your contribution is 1,760 pesos/month (maximum contribution). Your Monthly salary credit is 16,000. To get the Daily Sickness Credit, your Monthly Salary Credit is 16,000 divided by 30 ...
Update as of Feb 2016: SSS releasednew rules on increasing monthly contributions. 2b.About pension computation I have writtenabout how to estimate your pension here. Assuming that all these 3 following factors are true — that your last 60 contributions are all maximum (maximum salary credit is ...