Guide on How to Enroll to MySSS Pension Booster To Save Better
HOW TO ENROLL TO MYSSS PENSION BOOSTER – Here is a guide on how you can register and save under this Social Security System program.
Preparing for retirement should not be optional. It is one of the biggest decisions you should make. Unfortunately, not many people realize it until they are already in their 50s or 60s.
In the Philippines, one of the ways to prepare for retirement is to maintain an active membership to a social insurance giant — the Government Service Insurance System or GSIS for those who are employed in the government and the Social Security System or SSS for those who are employed in the private sector, self-employed, working abroad, and those who voluntarily want to be a member of a social insurance entity.
If you are an SSS member, you have the access not just to preparation for retirement but as well as ways to boost what awaits you when you finally retire from working. Have you heard about the MySSS Pension Booster?
The MySSS Pension Booster is a voluntary and mandatory savings that is tax-free. It is formerly known as the WISP and WISP Plus. It is designed to make high returns on top of the member’s regular SSS retirement benefits.
How to enroll in MySSS Pension Booster? The process depends entirely on your current SSS membership type.
The Mandatory Track (Employed Members)
If you are a formally-employed corporate professional or executive earning above P20,000 per month, there is actually no need for you to check on how to enroll in MySSS Pension Booster. There is automatic enrollment.
Under the automatic enrollment, your contributions which include your employer’s shared portion are automatically deducted.
The Voluntary Track (Self-Employed, Voluntary, and OFWs)
For self-employed professionals, voluntary members, maritime workers, and Overseas Filipino Workers (OFWs) who want to know how to enroll to MySSS Pension Booster, the enrollment must be initiated manually through your digital portal.
To qualify for enrollment to the savings program, you simply need at least one (1) posted regular contribution and no prior final benefit claims filed.
Here are the steps on how to activate your voluntary account:
1. Log In to My.SSS: Requires active account.
Go to the official SSS portal or open the MySSS Mobile App. Enter your User ID and password to access your member dashboard.
2.Navigate to Services: Locate the program.
Once inside the portal, click on the Services tab found on the main navigation menu.
3.Select the Pension Booster: Choose voluntary option.
Look for and click on “Enroll to MySSS Pension Booster (Voluntary)” from the dropdown options.
4.Accept Terms and Conditions: Finalize registration.
Review the terms of the program carefully. Check the box to agree and accept the conditions, then click submit to officially activate your account.