The Social Security System (SSS) in the Philippines has set new contribution rates for 2024, affecting both employers and employees. These contributions are essential for receiving financial benefits from the SSS. Let’s cut into the SSS Contribution Table 2024, how to check your contributions, and how to make payments.
Contribution
For 2024, the SSS contribution rate is 14%, with employers contributing 9.5% and employees 4.5%. Monthly salaries must range between ₱4,000 to ₱30,000 to determine the contribution amount. The table outlines required monthly payments and is based on the member’s salary.
Monthly Contribution Breakdown
| Monthly Salary Range | Employer Contribution (9.5%) | Employee Contribution (4.5%) | Total Contribution |
|---|---|---|---|
| ₱4,000 – ₱30,000 | 9.5% of Salary | 4.5% of Salary | 14% of Salary |
These contributions ensure members receive retirement, disability, pensions, loans, and other financial assistance.
Checking Contributions
You can check your SSS contributions online by following these steps:
- Visit the SSS Portal: Go to www.sss.gov.ph and log into your account.
- Navigate to Contributions: Select the ‘Contribution’ button on the upper right panel of the homepage.
- Enter Details: Fill out the required details on the new page to view your monthly contributions, including SE/VM (voluntary/self-employed), WISP Plus, Flexi Fund, and WISP contributions.
Alternatively, you can check your contributions by texting your valid SSS number and PIN to 2600.
Paying Contributions
To pay your SSS contributions, follow these steps:
- Log into Your Account: Access your SSS account online.
- Receive a PRN (Payment Reference Number): Ensure you have a PRN for the payment.
- Use Payment Platforms: Log in to GCash or any BIP mobile application.
- Select Payment Method: Go to ‘Pay Bill,’ choose ‘Government,’ then ‘SSS Contribution.’
- Complete the Form: Fill out the application form with the required details and proceed to receive payment confirmation.
You can also pay your SSS contributions at partner banks such as Asia United Bank, Bank One Savings Bank, Philippine Business Bank, Bank of Commerce, and First Isabela Cooperative Bank.
Key Points
The SSS Contribution Table schedules annual payments with monthly contributions from employees and employers. These contributions support salary loans, death benefits, disability benefits, retirement benefits, unemployment separation benefits, sickness benefits, and more.
Both employers and employees must contribute to qualify for these benefits. Individual members can verify their contributions through the SSS table, which aligns with their income and determines available benefits and loans.
FAQs
How can I check my SSS contributions online?
Log into www.sss.gov.ph, navigate to ‘Contribution,’ and enter your details.
What is the SSS contribution rate for 2024?
The rate is 14%, with 9.5% from employers and 4.5% from employees.
How do I get a Payment Reference Number (PRN)?
Log into your SSS account online to receive your PRN.
Can I pay SSS contributions via GCash?
Yes, you can use GCash or any BIP mobile application to pay.
What are the partner banks for SSS contributions?
Asia United Bank, Bank One Savings Bank, Philippine Business Bank, Bank of Commerce, and First Isabela Cooperative Bank.