For the year 2020, the Social Security System retains the SSS contribution brackets they started implementing last April 2019. All SSS members must comply with the updated contributions to maintain active membership status.
Pursuant to the enactment of Republic Act No. 11199, which includes a provision that increases the contribution rate to 12%, the minimum Monthly Salary Credit (MSC) to P2,000, and the maximum MSC to P20,000, the new SSS Contribution Schedule of employers (ER), employees (EE), self-employed, voluntary members, OFWs, kasambahay, and non-working spouse is issued and shall be effective for the applicable month starting April 2019.
What is SSS Contribution Table?
SSS Contribution Table is the official contribution schedule issued by the Social Security System (SSS) in the Philippines to guide SSS members the specific amount of their monthly contributions according to their monthly salary credit or range of monthly compensation.
I thought to share the latest SSS contributions schedule 2020 here. It will be very helpful if you print it out especially if you’re an employer so you can update your employees’ contributions earlier and not rush doing it at the exact time of your payment.
SSS also advise voluntary members, OFWs, self-employed, household employers and kasambahays to know the update and check the new amounts from the table to avoid payment errors.
By the way, all members of SSS including employers are now required to have an SSS online account. Apparently, the Social Security System is aiming to make everything online now which is great I think. Eventually, we don’t need to go to the SSS to transact or inquire about our account.
There are features on the online account such as viewing premiums, static information, and employment history download and PRN forms that are now working.
If you want to view and check your SSS account online, we have the ultimate guide here:
SSS Contribution Table 2020
SSS Contribution Table for Employed Members and Employers
This SSS Table will guide employees and employers about their latest salary brackets and monthly contributions. The data also sort the employee and employer’s share from the total contribution. Additionally, the EC amount is also listed from the table above.
SSS Contributions Table for Self-employed, Voluntary Member and Non-Working Spouse
If you are not an employee, you may switch into a voluntary member if you still want to resume your SSS membership. If you are a self-employed professional or a freelancer, you may also follow the contributions below. Likewise, if you are a non-working spouse and you retain your SSS active membership, you must follow the premiums below.
The minimum Monthly Salary Credit under this category is P2,000.
According to SSS, the contribution of the non-working spouse shall be based on 50% of the MSC (Monthly Salary Credit) of his/her working spouse.
In case the 50% of the working spouse’s declared monthly income does not correspond to any MSC in the Contribution Schedule, the immediately higher MSC shall be the basis.
SSS Contributions Table for OFW
Overseas Filipino Workers who are members of SSS must pay their contributions following the amount below. As of 2020, the minimum Monthly Salary Credit for OFW member is P8,000.
SSS Contributions Table for Household Employers and Kasambahay
Under Republic Act 10361 or the Domestic Workers Act or the Batas Kasambahay, the household employers pays the entire SSS contribution if the kasambahay earns less than P5,000 per month.
SSS Contribution Table PDF Version
If you want to download the PDF version of SSS Contribution Schedule, you may download at this link.
How is SSS contribution calculated?
To compute SSS contribution for an employed person, just add Employer’s Share + EC + Employee’s Share. For example, if your monthly salary credit is 10,000, your employer will pay 810 (800 ER + 10 EC) and you will pay 400. A total of 1210 is your total monthly contribution.
How can I see my SSS contribution online?
- Log in to your MySSS account
- Select Inquiry from the menu
- Choose Member Info
- Select Actual Premiums
How much is the SSS contribution per month?
If you are self-employed or voluntary member and you are earning 20,000 per month, under the SSS contribution table above, you will need to pay SSS contribution of 2,400 per month. SSS also allows quarterly payment for more convenience.
Can I increase my SSS contribution?
Yes, if your salary has increased, your employer can update your monthly salary credit. The same is true with your monthly contributions. They will follow your updated salary bracket from the contribution schedule.