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Social Security System encourages members to boost their savings with the MySSS Pension Booster program, offering a projected annual return rate of 7.2%. Open to professionals, OFWs, and young savers alike, make that move and get that boost! In a press briefing, Macasaet said that SSS offers them the MySSS Pension Booster as a program to boost their retirement funds and savings, which can provide a projected annual return rate of 7.2 percent. Macasaet said that the MySSS Pension Booster is composed of mandatory and voluntary schemes. “Under the mandatory scheme, members contributing above the ceiling of P20,000 to the Regular SSS Program are automatically enrolled in the savings plan.” Meanwhile, Macasaet said that the voluntary scheme is open to all members, especially those who want to invest more in their retirement or savings. SSS also invites those applying for the issuance of a Social Security (SS) number to enroll in the program. Macasaet explained that they only need P500 to st...

Here's the tutorial on how to compute on your Monthly Contribution with SSS, PAG-IBIG and PhilHealth if you are a public or private employee. Meanwhile, an individual at least 18 years old but not more than 65 years old may register with the Fund under voluntary membership. However, said individual shall be required to comply with the set rules and regulations for Pag-IBIG members including the amount of contribution and schedule of payment. In addition, they shall be subject to the eligibility requirements in the event of availing of loans and other programs/benefits offered by the Fund. SSS computation of your Monthly Contribution is 4.5% of your Total Salary while 2.25% of your salary for PHILHEALTH Contribution if below 90,000. If your salary is Ph 90,000 and 4.5% will be applied to your PhilHealth Contribution.  PAG-IBIG Contribution is pretty straightforward and there is no need for the Calculator because it is fixed for  Php100 Monthly Contribution only. “Monthly Compen...

Are you a Social Security System contributor and want to know and compute your possible retirement benefit with SSS?  The Social Security System has an online retirement calculator where you can use to compute your possible retirement monthly pension. On 20th January 2023, the Social Security System (SSS) said it has started implementing the provisions of the Republic Act of RA 11199 or the Social Security Act of 2018, which mandated a contribution hike to ensure the financial viability of the state pension fund for private sector workers. SSS President and Chief Executive Officer Rolando Ledesma Macasaet said the law-mandated contribution increase would translate to immediate benefits to the country’s 13 million workers and will ensure the viability of the SSS fund designed to provide them with social security protection. Enacted on February 7, 2019 by Congress, the Social Security Act of 2018 rationalized and expanded the powers and duties of the Social Security Commission (SSC) ...