Saving and preparing for retirement should be among the top priorities, especially when you reach mid-age. Social Security System, or SSS is one of the ways you can secure your future. For freelancers, it is wise to voluntarily pay for your SSS contributions as soon as you shift to freelancing. Not only is it a way to secure your retirement, you can also avail of many benefits such as sickness, maternity, disability, death and funeral, and salary loan.
The good thing with paying for your SSS membership contribution today is you can already pay conveniently through affiliated payment centers. Your SSS monthly contribution will depend on your salary bracket. It would be great to pay the same amount as your last contribution as this will impact the amount of benefits you can avail. But if not, you can pay the minimum amount.
SSS CONTRIBUTION TABLE 2019
For Self-employed, voluntary members effective April 2019
| Range of Compensation | Monthly Salary Credit | SSS Contribution |
|---|---|---|
| BELOW – 2,250 | 2,000 | 240.00 |
| 2,250 – 2,749.99 | 2,500 | 300.00 |
| 2,750 – 3,249.99 | 3,000 | 360.00 |
| 3,250 – 3,749.99 | 3,500 | 420.00 |
| 3,750 – 4,249.99 | 4,000 | 480.00 |
| 4250 – 4,749.99 | 4,500 | 540.00 |
| 4,750 – 5249.99 | 5,000 | 600.00 |
| 5,250 – 5,749.99 | 5,500 | 660.00 |
| 5,750 – 6,249.99 | 6,000 | 720.00 |
| 6,250 – 6,749.99 | 6,500 | 780.00 |
| 6,750 – 7,249.99 | 7,000 | 840.00 |
| 7,250 – 7,749.99 | 7,500 | 900.00 |
| 7,750 – 8,249.99 | 8,000 | 960.00 |
| 8,250 – 8,749.99 | 8,500 | 1,020.00 |
| 8.750 – 9,249.99 | 9,000 | 1,080.00 |
| 9,250 – 9,749.99 | 9,500 | 1,140.00 |
| 9,750 – 10,249.99 | 10,000 | 1,200.00 |
| 10,250 – 10,749.99 | 10,500 | 1,260.00 |
| 10,760 – 11,249.99 | 11,000 | 1,320.00 |
| 11,250 – 11,749.99 | 11,500 | 1,380.00 |
| 11,750 – 12,249.99 | 12,000 | 1,440.00 |
| 12,250 – 12,749.99 | 12,500 | 1,500.00 |
| 12,760 – 13,249.99 | 13,000 | 1,560.00 |
| 13,250 – 13,749.99 | 13,500 | 1,620.00 |
| 13,750 – 14,249.99 | 14,000 | 1,680.00 |
| 14,250 – 14,749.99 | 14,500 | 1,740.00 |
| 14,750 – 15,249.99 | 15,000 | 1,800.00 |
| 15,250 – 15,749.99 | 15,500 | 1,860.00 |
| 15,750 – 16,249.99 | 16,000 | 1,920.00 |
| 16,250 – 16,749.99 | 16,500 | 1,980.00 |
| 16,750 – 17,249.99 | 17,000 | 2,040.00 |
| 17,250 – 17,749.99 | 17,500 | 2,100.00 |
| 17,750 – 18,249.99 | 18,000 | 2,160.00 |
| 18,250 – 18,749.99 | 18,500 | 2,220.00 |
| 18,750 – 19,249.99 | 19,000 | 2,280.00 |
| 19,250 – 19,749.99 | 19,500 | 2,340.00 |
| 19,750 and above | 20,000 | 2,400.00 |
1. Sickness – If you get sick or injured, you can get a daily cash allowance for the number of days you are unable to work.
CONDITIONS:
2. Maternity – A daily cash allowance is given to a female member who is unable to work due to childbirth or miscarriage. The Expanded Maternity Leave Law took effect last March 11, 2019 which means female SSS members can enjoy a leave of 105-days .
For Normal Delivery – 105 days
For Caesarean Delivery – 105 days
Miscarriage – 60 days
Solo Parent (either Normal or Caesarean) – 120 days
CONDITIONS:
HOW TO COMPUTE:
The SSS Maternity Benefit is based on your Monthly Salary Credit (MSC) of your SSS contribution. On April 1, 2019, the maximum MSC was raised to P20,000. The higher your MSC, the higher your SSS Maternity Benefit will be.
Example: If you are paying 1,500 for your SSS monthly contribution, your Monthly Salary Credit (MSC) is 12,500 based on the SSS Contribution Table for 2019 above.
If you have less than 6 contributions within the 12 months prior to your semester of contingency, then add only the MSC of those contributions.
SSS Maternity Benefit Computation Example: Delivery Month – May 2020
|
Month |
Contribution |
Monthly Salary Credit (MSC) |
|
Dec 2019 |
1, 500.00 |
12, 500.00 |
|
Nov 2019 |
1, 500.00 |
12, 500.00 |
|
Oct 2019 |
1, 500.00 |
12, 500.00 |
3. Disability – You can avail of this cash benefit either through lump-sum or monthly pension basis in the event that the member becomes completely or partially disabled.
4. Death – The beneficiaries of the deceased member can avail of this cash benefit either through lump-sum or monthly pension basis in the event.
5. Funeral – 20, 000 pesos is granted to whoever shouldered the burial expenses of the deceases member.
6. Salary Loan – All members (employed, self-employed, voluntary) can take advantage of this loan. It is given in a form of check.
For SSS voluntary member contribution payment, you would need to log on to their website, sss.gov.ph to get your PRN. The PRN is needed for you to pay your contribution. In order to browse the SSS website, use Internet Explorer (I know it is outdated but this seems to be the only browser that works fine with their website).
For loan payments, no need to get the PRN. You just pay directly through SSS and accredited payment centers.
If you forgot your SSS login id and password, you can call the SSS contact number and toll free hotline at 1800- 1022-557-77. The customer service rep will give you two options to reset your online account:
1. Email onlineserviceassistance@sss.gov.ph using the following format:
SUBJECT: ACCOUNT RESETTING
BODY:
Complete name
SSS ID
Birthdate
Mother’s maiden name
Company (if applicable)
Email address that was last used (if you can still recall)
2. Go to the nearest SSS branch to have your account reset and bring with you 2 valid IDs.
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