Bilang isang miyembro ng SSS, may ideya ka ba kung magkano ang matatanggap mong SSS pension pagkatapos mong magbayad ng iyong kontribusyon?
Bibigyan namin kayo ng idea kung paano ito kinocompute.
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The monthly pension computation is based on these formulas and whichever the higher value may be, that will be the amount of your monthly pension.
*AMSC (Average Monthly Salary Credit)
Since the law provides that the highest amount shall be granted as the pension, this means that the basic pension shall be P8,300.
Bibigyan namin kayo ng idea kung paano ito kinocompute.
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The monthly pension computation is based on these 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.
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.
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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.
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.
TRY THIS CALCULATOR HERE. INPUT YOUR MONTHLY CONTRIBUTION AND NUMBER OF YEARS YOU PAID AND YOUR CATEGORY WHETHER EMPLOYED, SELF-EMPLOYED, OFW, OR VOLUNTARY MEMBER
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This article is filed under: SSS Email, SSS Main Office, SSS Check Status, SSS Program, SSS Membership
©2020 THOUGHTSKOTO
5 comments:
If the member is single, and her main benificiaries both deceased, can she change her or nominate new benificiary?
If a member migrated oversea, can she apply for lumpsum?
How can a member check his total contributions? Is there a way to check contributions online?
How if 15 years ka Lang naghulog then Ang monthly contribution mo is 2,400 every month.How much Kaya Ang mapepention mo every month...
Tengo una duda, si yo he trabajado en una tienda online de extintores en pais distinto al mío, ¿Cómo tendría que cotizar en la Seguridad Social de mi pais?
La empresa de extintores en la que trabaja vendían sus extintores y todos los demás elementos que forman parte de los sistemas de protección contra incendios por toda España y creo que en el extranjero, aunque supongo que eso no tiene nada que ver no?
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