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The New SSS Contribution Table Effective January 2014

The new contribution table shall be implemented effective January 2014, for your guidance.

The Social Security System (SSS) just recently released the new and updated SSS Contribution Table to be use next year starting January 2014. This new SSS Contribution schedule showcases the additional 6% in the SSS Contribution rate that should equally by the Employer (ER) and the Employee (EE) who shall pay at 7.37% and 3.63% respectively.

Likewise, Self-Employed (SE), Voluntary Members (VM) and OFWs members shall pay at the total rate of 11%.

It was also noted by SSS President Emilio de Quiros in an interview that the agency will increase it’s pensions up to more than P13,000 from the current P12,000 and burial benefits will increase from P30,000 to P40,000.

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