SSS Contribution Table 2019: How much is your SSS Contribution now?

Have you heard the news that our SSS contributions will increase starting April 2019?

Well, you heard it right! The Social Security System has recently announced that effective April 2019, there will be a new SSS Contribution Table 2019 which will be the reference for the amount of contributions of members – employed, self-employed, voluntary, non-working spouse, or OFW member.

New SSS Contribution Table 2019

EMPLOYED MEMBERS

If you are an employed member, you don’t really need to worry about this because your employer or your HR personnel will be the one to update your information and do the necessary deductions for your SSS contributions.

sss-contribution-table

SELF-EMPLOYED, VOLUNTARY, and NON-WORKING SPOUSE MEMBERS

For Self-Employed, Voluntary, and Non-working Spouse, since your pay your SSS contributions voluntarily or personally, you would have to enter the updated amount of your contribution to SSS starting April 2019.

For example, if you are earning Php 5,000 per month, and you used to pay Php 550 monthly contribution before, it will now be Php 600.

The monthly salary credit or MSC remains the same at Php 5,000. The MSC is used when computing for your SSS benefits.

sss-contribution-table

HOUSEHOLD EMPLOYERS and KASAMBAHAY MEMBERS

If the kasambahay earns less than Php 5,000, her employer shall pay her entire SSS contribution. This is based on the Kasambahay Law.

sss-contribution-table

OFW MEMBERS

For OFW members, the minimum contribution is Php 960 for the MSC of Php 8,000. The maximum monthly contribution is Php 2,400 for the MSC of Php 20,000.

Since most OFWs pay in advance and usually annually (for the entire year), if you have made advance payments for 2019, you would have to pay additional payments for the months of April to December 2019 with the applicable increase in contribution based on the new SSS Contribution Table 2019.

If for example, you paid the maximum amount of Php 1,760 per month for the entire 2019 amounting to Php 21,120:

  • Php 5,280 for January, February and March 2019 (Php 1,760 per month x 3)
  • Php 15,840 for April to December 2019 (Php 1,760 per month x 9)
    • Option 1: If you want to pay the new maximum contribution which is Php 2,400 per month (for MSC Php 20,000), you will have to pay additional Php 5,760 (additional Php 640 per month x 9)
    • Option 2: If you want to retain your contribution and you don’t want to pay additional amount, your SSS contribution will be posted under the MSC of Php 14,500.

sss-contribution-table

FAQs for SSS Contribution Table and Schedule 

What has changed in the new SSS Contribution Table 2019?

The new schedule of of SSS Contributions is pursuant to the enactment of Republic Act No. 11199, also known as the Social Security Act of 2018, which includes the following provisions and changes:

  • Increase in the contribution rate to 12% – from 11%
  • Minimum Salary Credit (MSC) of Php 2,000 – from Php 1,000
  • Maximum Salary Credit (MSC) of Php 20,000 – from Php 16,000

What should I do if I already made advance payments for my SSS contributions for April 2019 or any succeeding month? 

If you have already paid your SSS contribution for the month of April 2019 or any month after that prior to the release of the new SSS contribution table, here’s what you should do:

  • If you paid your SSS Contribution at the minimum MSC of Php 1,000, you must settle your underpayments amounting to Php 10 per month. Otherwise, your advance payment will be considered as ineffective contributions.
  • If you paid your SSS Contribution at an MSC other than the minimum of Php 1,000, you must pay the corresponding increase in contribution to retain posting at the same MSC. Otherwise, your payment will be posted at the applicable lower MSC.

For example, you earn Php 5,000 per month and you pay P550 per month of contribution to SSS.  If you have already paid your contributions for the months of April, May, and June 2019 in advance at Php 550 each, you need to make additional payments of Php 50 per month (Php 150 in total) for it to be posted under the MSC of Php 5,000.

If you don’t pay the additional Php 50 per month, your Php 550 contribution will be posted under the MSC of Php 4,500.

Disclaimer: This is a personal interpretation of the topic. For clarification or questions about the new SSS Contribution Table, please contact the Social Security System directly.

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