New Rate – 4.5% Employee Share + 8.5 % Employer Share = Total of 13%Minimum and Maximum Monthly Salary Credit (MSC) Old MSC – Php 2,000 to Php 20,000 New MSC – Php 3,000 to Php 25,000Significant Features of the New Contribution Schedule1...
Every year, the contribution table for the Social Security System (SSS) updates and this is depending on how the economy is. Moreover, it’s essential to know the values of contributions if you are an employer because it can be a lawful act if you make mistakes in terms of paying for ...
RCBC to release SSS “UMID PAY” cards in early 2023 RCBC and SSS signs agreement to be partnered making every SSS member to become part of financial system. SSS president … Lifetime validity for birth, death and marriage certificates now a law ...
I. For salaried employees, the amount of the EmployER share and EmployEE share can be seen in the“Total Contribution”columns. TheEmployerpays the amount in the“Total Contribution – ER”column, while theEmployeepays the amount in the“Total Contribution – EE”column. The amount to be remit...