Details about the SSS Monthly Contribution 2024 for Household Employee Members & the Employers’ Share
SSS MONTHLY CONTRIBUTION 2024 – You can check the table below for the monthly contributions set for the household employee members of the Social Security System and the employers.
Are you one of the millions of members of the Social Security System? More popularly called SSS, it is one of the giants in the country in the field of social insurance. Its members are coming from different walks of life.
Among the members of the Social Security System are household employees or kasambahays. A membership of the houshold employees to the state-run social insurance institution is under a mandatory membership.
An SSS membership widens the resourses of a member. There are options that kasambahays who have active and updated SSS accounts may turn to in times of financial needs due to certain circumstances.
The employers have a share on the SSS monthly contribution 2024 of the household employees. On an annual basis, there might be changes on the rate of the premium thus it is important to check the possible changes from time to time.
You might like to check on the SSS monthly contribution 2024 for household employee members as well as the share of the employers. Here’s a guide on the premium rates:
There is a huge benefit in maintaining an active and updated account to the Social Security System. The state-run social insurance institution has set qualifications in applying for each offer and the lists include the required number of premiums posted.
This Social Security System loan offer is multi-purpose and was designed to help members meet their short-term financial needs. Here are the eligibility requirements for application:
- has posted at least 36 monthly contributions in the SSS account
- updated in the payment of the SSS contributions
- 65 years old and below at the time of the loan application
- currently employed, self-employed, or voluntary member of the Social Security System
- has not received any final benefit from the SSS
- has not been disqualified due to fraud committed against the SSS
The SSS also has a Housing Loan offer and it can finance the purpose house repair or home improvement. Here are the qualifications for application:
- a member of SSS who has at least 36 months contributions with 24 continuous contributions in the period prior to application
- not more than 60 years old at the time of application
- not previously granted a repair and/or improvement loan by the SSS or NHMFC
- has not been granted final SSS benefits
- updated in the payment of their other SSS loan(s), if any
When natural disaster happens, the SSS members who are living in areas declared under a State of Calamity may apply for a Calamity Loan offer to SSS. Here is a set of the eligibility criteria in applying for the loan offer:
- residing in an area declared under a State of Calamity by the National Disaster Risk Reduction and Management Council (NDRRMC)
- registered on the My.SSS portal
- has posted at least 36 monthly contributions
- has not availed of final benefits
- has no outstanding balance in CLAP or the SSS Loan Restructuring Program (LRP)
