Here Is The List Of The SSS Monthly Deduction For 2020
SSS MONTHLY DEDUCTION 2020 – Every month, working-class Filipinos enrolled in the Social Security System gets a deduction in their salary as a contribution to their SSS membership.
As such, each year, the SSS releases a new table and schedule of fees showing how much the members, both employees, and employers, need to pay as contributions monthly. Furthermore, the following table can be used by individual members to check their contributions online.
Additionally, the table’s monthly salary credit (MSC) will also be based on your salary bracket. This determines the loan benefits we could avail from the SSS.
For members of SSS who are employed, the minimum monthly salary credit is worth P2,000. This tops out at a total contribution of P250. Meanwhile, the max MSC an individual can make is P20,000 with a total contribution of P2,430.
On the other hand, if you’re self-employed, or have voluntary members/non-working spouses, the minimum contribution is P240 and P2,400 respectively.
Here is the payment schedule for SSS members both employees and employers:
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