Skip to content The Social Security System (SSS), is one of the government institutions that provide insurance for employees in the private, professional, and informal sectors. One of the benefits of being an SSS member is that you’ll be eligible for different types of loans when you reach a certain amount of contributions. Just like any other insurance program, you would have make contributions to succumb the need or to be eligible for loans and different services. Moreover, if you’re an employee and you become sick (without pay), the SSS often reimburses the salary you were not able to get at a fixed amount.
Read: How To Process And Avail SSS Sickness Benefit
Given the fact that you need a certain amount of contributions to the institution, all employees should know how much they’re paying for. Most of the time, their salary gets automatically credited by the primary governmental requirements: The SSS, Pag-IBIG (HDMF), and PhilHealth.
So how much does an employee contribute every time they earn their paychecks?
In general, the total monthly contributions of an employee would be 11% of their total monthly salary. This is when an employee earns not more then Php16, 000/ month. Although you might think that this is quite a big amount, the employees aren’t actually draining that much because this contribution is shared between the employer and the employee.
Generally speaking, the employee handles the 3.63% of the total contributions while the employer shoulders the remaining 7.37%. Of course, not all salaries are the same. This is why the SSS uses a table to determine the amount that should be gone from an employee based on their monthly income.
Read: Updated SSS Contribution Table 2018
This table is the extreme guide on whether you’re paying for the right amount of contributions or not. Let’s give a simple and concrete example.
magkano npo ang nadistribute nang employer k?
At ilang n ang nabayad k s first loan k?