SSS MONTHLY CONTRIBUTIONS 2023 – Below is a full list of the contribution of Social Security System members in table guide.
Members of the Social Security System (SSS) have several offers to turn to – benefits and loans. To be eligible to these offers, a member must have reached the required monthly contributions posted. The SSS monthly contributions 2023 change from time to time.
SSS Contribution 2023: Full List of Contribution Rates for SSS Members
Guide on SSS Contribution 2023 for Employed Members
SSS CONTRIBUTION 2023 – Here is a full list of the monthly contribution rates for the members of the Social Security System (SSS).
Many Filipinos are members of the Social Security System. More commonly called SSS, it is a state-run social insurance institution where employees of private companies in the Philippines can apply for membership for insurance.
Aside from employees of private firms, the SSS membership is also open to self-employed individuals, overseas Filipino workers (OFWs), non-working spouses of SSS members, and voluntary members.
Every month, the SSS members contribute a certain amount to the social insurance institution based on the rate set for them. The rates depend on the source of income and the amount earned by the member every month.
The Social Security System monthly contributions change annually. With regards to the monthly contributions of the employed members of the SSS, their employers have a part on the amount set as their contribution.
For the SSS Contribution 2023 for employed members of the social insurance institution, the employer contribution rate increases from 8.5% to 9.5%. Here are the other significant changes:
- the Minimum Monthly Salary Credits (MSC) is P4,000 while the Maximum MSC is P30,000
- SSS members who earn below P20,000 will be facing between P40 to P200 increase in their monthly contribution
- SSS members who are earning P30,000 monthly and above, the increase is P950
Based on an article on PhilPad, here is a table of the SSS Contribution 2023 for the members of the Social Security System:
Monthly Contribution 2023 for Regular Employees and Employers
Monthly Contribution 2023 for Self-Employed Members
Monthly Contribution 2023 for Voluntary Members & Non-Working Spouse
Monthly Contribution 2023 for Household Employers and Kasambahays
Monthly Contribution 2023 for Land-Based Overseas Filipino Workers (OFWs)
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