MSC Archive

SSS explains impact of new contribution schedule on advance payments

The Social Security System (SSS) advises members who already paid advance premiums to review and update their payments in line with the new contribution rate and maximum monthly salary credit (MSC) that will take effect in January 2014. SSS President and Chief Executive Officer Emilio S. de Quiros, Jr. said individually-paying members such as the [&hellip

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SSS contribution rate increase effective January 2014

New SSS Contribution Rate Schedule can be found below. The Social Security System (SSS) will implement a 0.6-percent increase in its current 10.4-percent monthly contribution rate, setting the new rate at 11 percent effective the applicable month of January 2014, as well as the increase in the maximum monthly salary credit (MSC) from P15,000 to [&hellip

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SSS bares new terms for retirees to qualify for pensions

The Social Security System (SSS) announced its new guidelines on contribution payments of voluntary members aged 65 and above who lack the required 120 monthly SSS contributions mandated by law to qualify for retirement pensions. SSS President and Chief Executive Officer Emilio de Quiros, Jr. made the announcement and called on members who are 65 [&hellip

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