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News and Events

How Much Lower Is Your Salary Going to Get With the Increase in SSS Contribution?

It starts this April

The first wave of the increase in  Social Security System (SSS) monthly contributions will begin this month, April 2019. From 11 percent, SSS contributions will now amount to 12 percent of the individual's salary with the employers shelling out more than the employees ...

by Rachel Perez for SmartParenting.com.ph  | April 07, 2019 08:00:00
News and Events

What’s the Impact of the Planned Hike in SSS Contributions on Employees’ Take Home Pay?

Can you afford the proposed higher social security contributions?

The state-run Social Security System (SSS) has announced plans to increase members’ contributions starting January 2018 to compensate for the higher pensions given to retirees and to sustain the pension fund’s actuarial life.According to reports in the Philippine Daily Inquirer and Philippine ...

by Pauline Macaraeg  | October 02, 2017 07:00:00
Startup Tips

How the SSS Salary Loan Really Works, Plus Answers to FAQs About Your Contributions

SSS Assistant Vice President for Media Affairs Ma. Luisa Sebastian answers some of your concerns

You’ve probably been contributing to SSS for years now partly because it’s the law, and partly because your employer deducts your share automatically. Or maybe you’ve left your regular job and gone freelance, which has made you stop contributing because you feel ...

by Charlene J. Owen of Femalenetwork.com  | September 10, 2017 05:00:00
Startup Tips

SSS rules on voluntary contributions

The SSS suspended the implementation of its guidelines on voluntary contributions for members age 65 and over.

The Social Security System (SSS) suspended the implementation of its guidelines on voluntary contributions for members age 65 and over, who lack the required monthly contributions for retirement pension.SSS Vice-President Agnes San Jose explained that the intention of the guidelines was to ...

July 15, 2013 01:00:00
Business Ideas

What you need to know about retirement benefits for your employees

SSS announced its new guidelines on contribution payments.

The Social Security System (SSS) announced its new guidelines on contribution payments of voluntary members aged 65 and above who lack the required 120 monthly SSS contributions mandated by law to qualify for retirement pensions.SSS President and Chief Executive Officer Emilio de ...

June 07, 2013 02:00:00
Business Ideas

Pension perks

SSS pensioners can now remember their annual schedule for confirming their eligibility to pension.

Social Security System (SSS) pensioners can now easily remember their annual schedule for confirming their eligibility to pension, with the yearly visit to banks or SSS now based on the members’ birth month, instead of the month of contingency such as retirement, ...

April 15, 2013 10:00:00
Business Ideas

SSS call center now open 24 hours on weekdays

The service will allow members to access to updates about their contributions, benefits, loans and other transactions.

The Social Security System (SSS) has extended its call center operations from 16 hours to 24 hours every weekday to give members more access to over-the-phone updates about their contributions, benefits, loans and other SSS transactions.SSS President and Chief Executive Officer Emilio ...

April 02, 2013 10:00:00
Business Ideas

Know your SSS rights

The Social Security System (SSS) filed charges against more than 1,400 delinquent companies in 2012.

The Social Security System (SSS) filed charges against more than 1,400 delinquent companies last year for various violations, the most common of which is their failure to remit the monthly SSS contributions of their employees."To protect themselves against negligent employers, we urge ...

March 25, 2013 01:00:00
Business Ideas

What the new SSS rule means to you

The Social Security System (SSS) has started issuing Employer (ER) Numbers to household employers.

The Social Security System (SSS) has started issuing Employer (ER) Numbers to household employers, as part of the SSS registration requirements under the newly-signed Kasambahay Law that ensures the social security protection of househelpers such as maids, family drivers, nursemaids or yaya, ...

March 13, 2013 02:00:00
Business Ideas

Easier SSS registration for home-based SMEs

SSS reaches out to micro-entrepreneurs through SEDP partnership.

Thousands of home-based workers and micro-entrepreneurs in Legazpi and in neighboring provinces will benefit from easier Social Security System (SSS) registration and wider access to SSS benefits and services after a local diocese-run institution gained SSS’ accreditation as a servicing partner ageSSS ...

February 05, 2013 09:00:00
Startup Tips

What you need to know about permits and SSS coverage

New agreement on business permit issuance strengthens protection of workers.

The Social Security System (SSS) has renewed its partnership with the Department of Interior and Local Government (DILG) to strengthen the monitoring of businesses’ SSS compliance as part of the pension fund’s campaign to protect its members from erring employers.SSS President and ...

January 14, 2013 10:00:00
Business Ideas

Calamity relief package available for SSS members

Financial help for those affected by the floods

The Social Security System (SSS) has announced a calamity relief package that offers early release of pensions, eased-down loan terms, and an extended payment period to help members affected by widespread floods caused by heavy southwest monsoon rains.SSS President and Chief Executive ...

August 14, 2012 09:00:00
Business Ideas

What you should know about SSS salary loans

SSS partnered with Citibank for a new Prepaid Card for loans and benefits.

The Social Security System (SSS) plans to shift to the electronic disbursement of salary loans and short-term benefits from its current system of releasing them through checks. This will make it more convenient for members and employers.As an initial step, this year ...

June 27, 2012 02:00:00
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