Details about the SSS Monthly Contribution 2024 for Self-Employed Members
SSS MONTHLY CONTRIBUTION 2024 – You can check the table below for the monthly contributions set for self-employed members of the Social Security System.
In the Philippines, one of the state-run social insurance institutions with millions of members is the Social Security System. More popularly called SSS, it is in the service of the Filipino people for several years now.
Most of the SSS members are locally-employed individuals in the private sector in the Philippines and self-employed individuals. These are two (2) categories that occupy the biggest chunks of the member populace of the state-run social insurance entity.
There is a huge benefit in maintaing active and updated accounts to the Social Security System. To do so, a member must regularly submit monthly contributions.
Every year, one wise move is to check the monthly contribution rates as there may be changes from time to time. You need to pay the exact monthly contribution to ensure that your SSS account is updated.
Are you eager to check on the SSS monthly contribution for this year 2024? If you are a self-employed member of the state-run social insurance agency, here is a guide on the SSS monthly contribution 2024:
What is on the other side of regularly posting monthly contributions to the SSS? You may qualify to the loans and benefit offers of the state-run social insurance agency. The eligibility requirements under the loan offer include the number of contributions required for qualification to the offer.
One of the loans offered by the Social Security System is the SSS Salary Loan which is a multi-purpose cash loan offer. 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 offers a Housing Loan for the purpose house repair or home improvement. Here are the eligibility requirements in applying for the loan offer:
- 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
Also one of the SSS loan offers is the Social Security System. Members who are living in areas left under a State of Calamity may apply for the offer to obtain financial assistance in recovering from the impacts of a natural calamity. Here are the eligibility requirements 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)