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Friday, February 02, 2018

4 Easy Steps to Check Your SSS Contribution Online



As a member of Social Security System or SSS, there are many reasons why you should regularly check your contribution online.    As an employee of a company, you will know if your employer is remitting the exact amount of your contribution. If you are a self-employed and voluntary member, you will know immediately if you have missed or incorrect payment by regularly monitoring your contribution.    SSS is indeed a big help in times of financial difficulty. As a member, you can avail of an SSS loan, SSS housing loan and other SSS benefits such as for sickness and maternity.    If you think that checking your SSS contribution is a hassle, well not anymore because you can do it online, anytime, anywhere. All you need now is an access to SSS website.
As a member of Social Security System or SSS, there are many reasons why you should regularly check your contribution online.

As an employee of a company, you will know if your employer is remitting the exact amount of your contribution. If you are a self-employed and voluntary member, you will know immediately if you have missed or incorrect payment by regularly monitoring your contribution.

SSS is indeed a big help in times of financial difficulty. As a member, you can avail of an SSS loan, SSS housing loan and other SSS benefits such as for sickness and maternity.

If you think that checking your SSS contribution is a hassle, well not anymore because you can do it online, anytime, anywhere. All you need now is an access to SSS website.



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The following are four easy steps to check your SSS contribution;

First Step - Go to SSS Website

You need to have a My.SSS account before you can access your SSS contribution online. You can do the checking in less than five minutes but it will depend on the speed of your internet connection.

To use the website properly, download and install Internet Explorer (IE) 11. If you’re using another browser such as Google Chrome, Mozilla Firefox, or Safari, a message prompt appears on the screen when you get to the homepage.
(Photo Credit to www.moneymax.ph)


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Step - 2 Log into your My.SSS account

You will see this on the right panel of the SSS home page. Enter your My.SSS account’s user ID and password under Member Login.

If you forgot your user ID or password, click on “Forgot User ID or Password?” under the Submit button. You’ll see a page where you’ll have to enter your user ID (if you forgot only your password) or your email address (if you forgot both your user ID and password.) Click Submit and check your email for instructions from SSS about the retrieval or reset of your My.SSS account login details.



Step - 3 Go to the Member Inquiry page


Point your mouse over the E-SERVICES menu and then click on "Inquiry". The Member Inquiry page will show up where you will see your SSS membership information.
(Photo Credit to www.moneymax.ph)
Step - 4 Go to the Contributions – Actual Premiums page

On the Member Inquiry page, select the "Member Info" bar and then click on "Actual Premiums."
(Photo Credit to www.moneymax.ph)
There you have it, the Contribution - the Actual Premium page will show all your monthly contribution paid since the year you started as an SSS member. Here you will see which months you have no posted contribution. No posted contribution means, you are unemployed during those months or your employer has not remitted your contributions yet.

In this page, you can also view your total number of SSS contribution posted and the total amount of contribution you paid.
(Photo Credit to www.moneymax.ph)
If you see some inconsistencies, you can talk to your HR department if you are employed. If you are self-employed, you can make the needed corrections.

By checking online your SSS contribution you will know if you are now eligible for an SSS loan. When applying for an SSS loan, you need to have at least 36 posted monthly contribution. Six of which should be within the last 12 months prior to the month of filing of an application.
By regularly monitoring online your SSS contribution you will know if you can avail the loan or not!

Checking your contribution regularly will lessen the possibility of some problems when you apply for a SSS loan or SSS pensions even claiming your benefits when you need it!





This article is filed under: SSS Email, SSS Main Office, SSS Check Status, SSS Program, SSS Membership



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SSS Monthly Pension Calculator Based On Monthly Donation

As an SSS member, do you any idea how much you will get after many years of religiously paying your contributions?   We will give an idea on how SSS monthly pension is computed.         The monthly pension computation is based on this formulas and whichever the higher value may be, that will be the amount of your monthly pension.   A) 300 + (20% x AMSC*) + (2% x AMSC) x (CYS** – 10)    B) 40% x AMSC;     C) The minimum pension of P1,200, if with at least 10 CYS; or P2,400, if with at least 20 CYS, whichever is applicable.    *AMSC (Average Monthly Salary Credit)  ** CYS (Credited Years of Service)    Using three computations above, assuming the case of someone who contributed for 25 years based on the AMSC of P16,000.      Using the first formula, we have P300 + 20 percent (16,000) + [2 percent (16,000) x (25-10)]=P300 + P3,200 + [320 x15]=P8,300. The basic pension amount in this case is P8,300.    The second formula, which is 40 percent of the AMSC, will be 40 percent of P16,000=P6,400.      Applying the third formula would yield P2,400 as the basic pension.       Since the law provides that the highest amount shall be granted as the pension, this means that the basic pension shall be P8,300.       Sponsored Links        For example, the cases of Juan and Pedro. Juan has a monthly salary credit of P1,000 (the lowest salary level subject to the SSS contribution) and contributes to SSS based on this salary for 25 years, while Pedro has a monthly salary credit of P16,000 (the maximum salary as of to-date) and also contributes for 25 years.       Juan’s monthly contribution of P110 would total P33,000 after 25 years of contribution to the SSS, while Pedro, whose monthly contribution of P1,7650, would sum up to P528,000 after 25 years.    If they both file for retirement pension at the same time and receive pensions for 25 years, Juan, whose pension will amount to P2,400 per month, would have received a total of P780,000, while Pedro, whose monthly pension is P8,300, would have received P2,699,500 after 25 years.      If they both pass away their pensions will cross over to their spouses as their primary beneficiaries.    Now that you have an idea how much you will be received in case you will retire, it is in your hands how much would you like to contribute for your retirement. The bigger your contribution, the bigger pension you will get once you retired.    Read More:   Popular Pinoy Stores In Canada  10 Reasons Why Filipinos Love Canada  Comparison Of Savings  Account In The Philippines:  Initial Deposit, Maintaining  Balance And Interest Rates  Per Annum  Mortgage Loan: What You Need To Know  Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily   Did You Apply for OFW ID and Did You Receive This Email?  Jobs Abroad Bound For Korea For As Much As P60k Salary  Command Center For OFWs To Be Established Soon    ©2018 THOUGHTSKOTO  www.jbsolis.com   SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below

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