Details about the SSS Contribution 2024 List Per Category
SSS CONTRIBUTION 2024 – Here is a guide on the premium rates set by the Social Security System for its members this year.
One of the giant institutions in the Philippines in terms of social insurance is the Social Security System or more popularly called SSS. It has millions of members from across the nation and there are also a lot of overseas Filipino workers (OFWs) who are members of the state entity.
Under the SSS, the membership may either be mandatory or voluntary. Here are the categories wherein the membership to the state-run social insurance agency is compulsory:
- Employers (Business and Household)
- Locally-Employed individuals in the private secctor
- Self-Employed individuals
- Overseas Filipino Workers (OFWs)
As mentioned, the Social Security System is also open for voluntary memberships. The following may apply for a voluntary membership to the state-run social insurance giant:
- separated members of the SSS
- non-working spouses of SSS members
From time to time, the SSS monthly contributions may have changes. Thus, countless members of the state-run social insurance institution most especially employers who take a share in the payment of their employees’ premium want to check the SSS contribution 2024 based on their category ahead.
Checking the SSS contribution 2024 is one way to ensure that your SSS account is updated and eligible for the loans and benefit offers of the state-run social insurance agency. Here is a full list of the guides on the premiums set for this year under each category:
The Social Security System members who have updated accounts may qualify to the loans and benefit offers of the state-run social insurance agency. Here are the loan offers provided by the state entity:
This multi-purpose cash loan offer was designed to help the short-term financial needs of the members. Here are the qualifications 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
SSS members who are in need of a financing of a house repair or home improvement may apply for the SSS Housing Loan offer. 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
In times of natural disasters, the SSS can be a turn to for its members as it provides a Calamity Loan offer. Here are the qualifications for application:
- 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)
