When to Restart Paying the Maximum SSS Contribution

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  1. Hi Nora, thanks for the very helpful posts. Question: I have very low contributions when I started 25 years ago. Would those low contributions lower my pension, even if they are not within the last 120 contributions?

  2. Hi i started working on 1981 till june 2017. I am 58 yrs old now. Just hd my early returement. Do i still nred to pay my sss till i reach 60 yrs till 2019? Thank you

  3. I am a medical doctor, 54 years old with present monthly contribution of 1210Php. I was told that I can still pay up to 65 years old. Is it right for me to increase to maximum contribution at age 60? Or because I,m now 54, will I increase now to max before I reached my 55 years?

  4. Hi po tanong ko lang po kasi from January-June 2017 ay Voluntary Member po ako and nitong July lang OFW na po status ko & last week nag update po ako ng contribution ko at lumabas na na missed ko pala mag bayad nung March2017. Pwede ko pa po bang mabayaran yung contribution ko for the month of March2017 na that time voluntary member pa po ako pero ngayon ofw na? thank u po in advance

  5. Or, I can pay the maximum amount of contribution for 120 months, and stop my contribution because im already qualified for the pension benefit,and just wait for my retirement age, for my pension,.

  6. Reading all your comments, it means I can pay small amount 1st for 10yrs, then stop, then pay the maximum amount at age 55, all I concerned is the pension,.

  7. Hi po Ms.Nora,
    Magandang araw po im 36yrs old OFW po ako at naka 126month na hulog na po ako sa sss maximum 1760 dahil may flexifund po ako nag continue pa po ako hulog ang tanong ko po kung sakali na stop ko na po ang hulog at icontinue ko na lang po ulit at age 54 pra maka avail parin ng high amount po ng pension pwede po kaya yun may pagibig din po kz ko hndi pa nka 240months may MP2 rin po tsaka balak ko po invest pa sa iba like mutual fund kaya gsto ko po sana stop na yung sss sa ngayon wala nman po ako anak may problema po kz ako magbuntis at hiwalay na po kya ung benefits na maternity malabo ko na magamit thanks po god bless.

  8. Hi po, paano po kung na miss ko po ang payment one month lng po? Ano ang penalty? babalik to zero ba ang contribution ko? Tnk u

  9. Hi nora
    Gandang araw po sa inyo
    Ask ko lng po employed po ako at the present sa trabho ko ang monthly contribution ko is 880 i know it kc everytime n ngbbyad ang agency ko ngtetex ang sss sa akin pero po nung last month of jun 440 ito lng ang ng post sa bnyaran ng agency ko pg gnito po ba baba ang braket ko mga 11 mos n po para mka120 mos ako sa contribution 34 yers old po ako maari ko b ireklamo kc bka pag ibnba nila ang contribution
    D nmm po kmi ngplit ng agency o work alam ko malamang baba ang braket at benfits pgdting ng arw
    Slamat po sa sagot

  10. hello..need pa ba magfile sa sss kung mag change ako from non working spouse to voluntary..

  11. Hi Nora
    Nathalie here I have a question I hope you would answer.My mom is 42 yrs old.She started paying her SSS contribution at 22 yrs old.She paid for atleast 5 yrs then she stopped paying because she stoped working and decided to stay home .She hasnt paid for the last 18 yrs.But now I d like to pay it for her. How does this work ? what is the procedure if I want to pay the lost yrs.How do you compute ? Does it have interest?

    Thanks and I will wait for your response

  12. Hi Nora,

    JM here. Question for my father. 47 yrs old n po siya currently 550 monthly contribution nya. Pwede q po bang iincrease to maximum ang payment to any bayad centers without consulting or informing SSS na magincrease na po siya? Automatic po bang iaaccpet or mapopost yun?

    Thanks.

  13. Good day Ms.Nora! Nagbabayad po ako as voluntary payor sa sss then last week nagpunta po ako sa sss branch para itanong kung pwede ko na iincrease yung contribution ko since me application po ako abroad. If in case po ba na not within this year ako makaalis pwede ko pa din po ituloy as voluntary payor with the same amount before yung ibayad ko hanggang hindi ako nakakaalis ng bansa?o possible po na nabago na niya sa system ng sss na ofw ako the day na naginquire ako sa sss branch?

  14. Hi edwin, yes, ang rule naman is pag 55 or older na, the member can increase by one level once every calendar year, so puede pa starting this June or July. Remind ko pala na 550 na ang minimum, hindi na 500. About investing in uitf for future contribution payments, okay na plan yan, or you can invest in Pag-ibig MP2

  15. thanks po s reply.ntnong ko lng kc nakabayad n ng 1st half this year ung tatay ko.good to know n pde pala itaas s 2nd half.

    dun s earlier commenter worrying n bka wla n cyang kakayanan n maghulog ng max at the the age of 54,gnun din ang naisip ko nung una.tpos nabalitaan ko nga n pde n umakyat ng khit ilang level then i decided n mghulog ng minimum for ofw (500) and ung sobra from 1760 ay ilagay s isang uitf acct as assurance n may panghulog ako ng max from age 54 although it will take a lot of discipline not to touch it when times get rough.and medyo mtagal p un,posibleng mrmi pang magbago s rules ng sss

  16. Hi edwin, oo, puedeng in the middle of the year, pero if you can, para magiging higher ang Average Monthly Salary Credit mo, simulan mo na yong increase early in the year. Kasi ang icocompute nila is the last 60 monthly contributions prior to semester of retirement — roughly contributions from age 54 and 6 months to 59 and 6 months.

  17. good day po.after age 55,isang level n lng ang pdeng iangat every year.pde po b n mgcmula ung pagangat in the middle of the year ?

  18. Hi Nerisse, sorry, hindi allowed yong request mo. Hindi allowed ang retroactive payments or payments for past years. Merong payment deadlines. This is how to register as self-employed. You need to register as self-employed (keep your SSS-stamped-approved registration form) para magiging valid ang mga payments mo.

  19. Hi, I’m not yet a member of SSS and I’m already 28yrs old and planning to apply this year. My question is, since this year pa lang ako mag member, pwede ba ako mag bayad ng contribution sa years na hindi ako member just to possibly increase my pension in the future? For example, I want to pay the worth sana ng contribution from when I was 22yrs old, I’m now 28 so mga 6 years worth. Pwede ba yun? Or kailangan kung kelan ka lang nagstart mag member?

  20. Hello, good day mam Nora, I am finished paying the 120 months and I think I already exceeded – into 130 months. Just asking, can I stop payment for my Contribution? And if I stop contributing, can I still avail the sickness benefits anytime? And what’s the benefits if I will continue to contribute even if I’m already finished the 120 months? Thank you so much.

  21. Hi Val, you need to visit the nearest SSS, and ask the SSS officer about your incorrect data. Puedeng meron kang kapangalan with similar info, so na-mix-up ang data ninyo. It’s better na maayos mo ito earlier.

  22. Hi Jeziel, yes, puede sa Bayad Center as Voluntary. Pero kung hindi ka nag-start as employed SSS member noon, at hindi ka nakapag-send ng OFW form, para sure, visit the nearest SSS, and verify your date of coverage. If you have a date of coverage, valid ang membership mo at puede ka nang magbayad sa Bayad Center. Enroll also in online SSS so you can check your payments and other data.

  23. Helo po ofw ako. End contract.want to continue my contrbution.. pwede direct na bayad sa bayad center as voluntary?

  24. Hi po, ask ko lang po. Kakacheck ko lang ng SSS contributions ko online. Then nagtaka ako nung makita ko yung contributions ko. Nagstart siya noong 1981 and 1982 tapos nagstop. The funny part is, 1991 po ako pinanganak and 2014 ako nagstart magwork. Magkakaroon po ba ako ng problema dito? Thank you!

  25. hi po, if kasama po sa computation for monthly pension ang CYS, pano po magiging computation kung saktong 120 months lang nagMC eh diba po 2% of AMSC x CYS-10 eh kung saktong 10 years lang po ung CYS nya, magiging 0 po ba un?

  26. Hi Iana, ask your tita to go now to the nearest SSS today. Ngayong araw! Today is the deadline of the loan restructuring program. Last year pa ito nagsimula. Bakit kaya hindi niya nabalitaan? Dalhin nia mga IDs niya. Dapat ngayong umaga kasi magpapa-notarize pa siya (150 to 250 pesos for notary). Baka maraming taon na uli ang lilipas bago meron uli restructuring. Yong 10k na loan ay super laki na ngayon, so it’s wise na pumunta siya sa SSS ngayon. Malaking bawas sa pension siya kapag hindi nia mabayaran ang loan niya, so dapat pumunta siya agad ngayon sa SSS. Siguradong mahaba ang pila ngayon, so dapat pumunta siya ASAP this morning.

  27. Hi po, ang tita ko kasi nakapagbayad daw ng sss for 3 years nung nagwork siya sa isang company then nakapagloan dn sya ng Php10,000. But nung naging selfemployed na siya nung 1997, d na siya nakapaghulog sa sss and d rin nya nabayaran loan nya. Gusto daw nya po icontinue ulit maghulog sa sss pero nagwoworry po sya sa loan nya na d nbayaran 20yrs ago. Ano po dapat nyang gawin?

  28. Hi Nora! Ako po ay OFW since 2012 pinapatuloy ko ang minimum monthly contribution ko kahit nung nwalan ako ng trabaho at hangang nkabalik ako ulit as ofw. Nung aug 2016 bumalik na ko ng pinas ng dahil natapos na ang contract ko..nabayaran ko po ung buong 2016 Sa minimum monthly contribution. Manganganak po ako ngayon sept 2017 makakaavail po b ako ng maternity benefits kahit Hindi na ko nakabayad simula Jan 2017? Pwd ko bang bayaran ng mas mataas ng konte mula Jan-March 2017 para mas mtaas ang makuha ko na benefits? Hangang kelan ko po ba dapat bayaran ito?Sa ngayon po ay wala ako trabaho kinakailangan ko bang palitan status ko as voluntary pra lng makaavail ng maternity benefits? Pwd ko bang ihinto muna pansamantala ang pangbayad ng contribution? Salamat sa tulong.

  29. Hi Roland, yes, puede pang mag-contribute. What were your last monthly payments in 1989? Kasi meron nang rule about increasing only by one level and only once per year kapag 55 and older na. Do you have an online SSS account? Makita mo ba na OFW pa ang member category mo? Kasi meron ding exemption, so let’s see kung puedeng exemption.

  30. I am 58years old nag contribute po ako sa SSS from 1980-1989 pwede po ba ituloy hulog sa SSS kahit di na ko nagtratrabaho nakapagsave naman ako kahit papaano nung nagwork ako abroad.

  31. Hi Anne, if you’re younger than 55, yes, you can increase or decrease your contribution amount to any level any time by any number of times. I’ll give you the link to the SSS circular later. But if you’re already 55 or older, SSS allows you only one change per year and only one level per year. Write me again if you’re 55 or older so I can give you tips.
    About your brother’s SSS, yes, he can start contributing again anytime. What’s his age? And has he accumulated at least 120 contributions? If already 55 or older, what were his last 3 or 5 monthly contribution amounts? So I can give a better advice.

  32. Hello po. I resigned from previous work a year ago and since then I am paying the maximum contribution as a voluntary member. I’m having financial difficulties and was thinking of decreasing the contribution I’m paying. Meron po bang restriction kung ilang level sa contribution bracket ang pwede kong ibaba? Pag po ba nagchange ako ng contribution and naging ok un financials ko anytime pwede ko bang itaas ulit contribution?

    Another question po, my brother is now residing in Australia pero he used to have SSS when he was working locally. Pwede po ba activate ulit ung SSS nya? Thanks.

  33. Hi Hershey, nagwo-work pa ba as OFW? If yes, magbayad siya as OFW. If hindi na OFW, voluntary na ang isulat na member category sa payment slip. Ang purpose ba ng pagpatuloy sa pagbayad ay to complete 120 contributions? Or para dagdagan ang pension amount? Puedeng magpatuloy magbayad until age 65. Puede lang magpatuloy magbayad after age 65 kung hindi pa na-complete ang 120 contributions. Kung today ay meron nang 120 contributions, at gusto lang na tumaas ang pension, yes, tataas kasi madagdagan yong number credited years at yong average salary credit (ASC). Pero konti ang effect sa ASC kung yong last monthly contribution ay mababa. After age 55, isang level na lang puedeng mag-increase per year. Ano ang mga last contributions niya? Wala pa ba siyang 120 contributions?

  34. Hello po. If 60 na po sya ngaung 2017, pero 1 year na sya nahinto mag pay ng contribution for one year now, pede pa po ba sya maghulog ng contribution as ofw? Until what age sya allowed maghulog sa sss and tataas ba ang pension nya kung ituloy nya? Thank you po.

  35. Hi rose, bago ka magbayad, mag-register ka as self-employed. Bring proof of your source of income (commission receipt, etc). Puede ring barangay certificate certifying your source of income and your estimated monthly income. Then bring your ID and go to SSS and fill out the self-employed registration form. Pag approved na ng SSS, you can start paying. Your monthly contribution is based on your monthly income, so look at this SSS table of contributions and decide which monthly income you will declare for your barangay certificate or to SSS.

  36. Hi Madison, are you paying as employee? Meaning nag-register ang father mo as self-employed and sole proprietor and then na-report ka as employee? or as voluntary? If your member category is Employee, yes, your father can pay for your past contributions, but with penalties. Your father fills up the forms at the SSS branch, so he can have the penalties computed there.
    If voluntary, you can no longer pay for contributions that are past the payment deadlines. But you can re-start paying. This March, you can pay for the Jan to March quarter.

  37. Hello. I was employed by my father for his laundry business. Unfortunately, we were not able update my contributions religiously. May I ask if I can still pay my contributions for the year that has passed since today? Thank you.

  38. Ask ko lang po,gusto ko din kasi magkaron ng sss..
    SSS number lang po ang meron ako..pano po pagbabayad,at San?

  39. Hi Delia, kung nakabayad ka ng 120 monthly contributions (10 years) or more, meron kang pension starting age 60. Kung less than 120, lump sum ang ma-claim mo at age 60. You can visit the nearest SSS with your ID and verify your contributions para madagdagan mo ang contributions mo kung kulang ka pa sa 120, para mag-pension ka starting age 60. Kung actively paying member, merong maternity, sickness or disability benefits.

  40. HI,ASK KO LANG PO ANO ANG MGA REQS FOR SSS PENSION CLAIM NASA AMERICA YUN NAG AAPLY?KUNG PWDE I SUBMIT YUN REQS SA PILIPINAS THRU REPRESENTATIVE?SAAN PO PWDE KUMUHA NG SPA KAPAG NASA ABROAD KA?PAANO MG OPEN ACCOUNT NG DEBIT CARD SA PILIPINAS kung nasa us ka ?

  41. Hello Im Delia Elas Balbuena. Ako ay dati miembro sa SSS. Ako po ay nahinto sa aking contribution dahil nawala na ako sa trabaho. Nakahinto ako sa pagbayad sa SSS nuong 1991. Kaya I ask from your good office kong ano ang gagawin ko sa SSS ko. Nuong ng isinilang ko ang aking pangalawang anak ay nakaclaim ako ng maternity leave. Pero pagkatapos nuon hindi na ako nagbalik sa trabaho ko. Kaya nga ano ang ma-advice mo sa akin. May benefits ba ako makukuha dyan sa nahinto kong SSS.

  42. Hi Zj, walang penalty. Puedeng tumigil mag-contribute ang voluntary member any time at puede ring mag-resume na magbayad any time. Pero hindi na puedeng bayaran ang mga matagal nang lumipas na months or quarters. This month, hindi na puedeng bayaran ang months in 2015 and in 2016. Ang puede mong bayaran this month ay Jan to Mar (kung quarterly payment). Kung monthly payment, you can pay for the month of March. Puede pang bayaran ang month of Feb, pero sa SSS ka na magbayad (merong payment deadlines based on the last digit of your SSS number).

  43. Hi Nora,

    Ask ko lang if you have any idea to this. I’m a voluntary member. Then late 2015 until now, I wasn’t able to pay my monthly premiums due to financial issues. Then gusto ko na sana siya icontinue now. May penalty ba? Nahinto ako sa pagbayad for more than a year.

  44. Hi Ann, they will compute both the 2 averages you mentioned, then kung ano ang higher average, yon ang gagamitin. With your plan of decreasing your contribution amount, puede naman, kasi you still have time to increase it when you get employed again. But if you plan to get married soon and have a child, you need to maintain a higher contribution to avail of a higher maternity benefit.

  45. Hi Mrs Nora! In the pension formula.. Will SSS use the AMSC of the last 5year contribution or the average of all the years of contribution?
    Im kind of confuse on how they compute the AMSC. I’m 26yrs old, resigned and planning to be a voluntary member. I already contributed for 3 years and wanted to know if it’s ok to decrease my contribution to minimum.

  46. Panu po magbyag my remittance din po ba abroad? Dto po kc aq taiwan usually kc pinapahulog ko sa pinas…anu po mas easy way to pay? Kng mghuhulog po aq example for 6mos.contributions?

  47. Hi Lalala land, yes, if you accumulate 120 or more monthly contributions, you will get a pension when you turn 60. Siempre mas higher ang pension kung mas maraming taon na nag-contribute ng maximum. Ang basis ng computation ay yong the last 60 monthly contributions/salary credits and the number of credited years.

  48. Hello Ms. Nora,

    I am 30 years old and I paid a total of 66 contribution at the maximum amount. I am an OFW now, and I am planning to continue my contribution until i reached 120.

    My question is, can I still get pension?

  49. Hi Dennis, you have 17 to 18 years more before you turn 60. You can have your highest pension amount if your last 60 monthly contributions are maximum contributions (currently 1760) and you have more years of contributions. Since SSS considers the last 60 monthly contributions, you can contribute lower amounts now (minimum is 550) and then pay the maximum contributions later on (last 60 months), but because we can’t predict what’s our situation in the future, you can start with maximum or near-maximum contributions.
    About paying 120 contributions in 5 years, this is not allowed. You have to pay 120 contributions in 10 years. You can pay many months in advance but SSS will post your payments as the actual months arrive in real time. This means if you start this month, you will have to pay contributions until 2026. If you already have an SSS number, make your first payments from abroad so you’ll be verified as OFW.

  50. Hello,

    I currently working as ofw, Im 42 years old now, I want to be a SSS member and get the highest monthly benefit.

    If i will start now, can you please advise me in what formula should i take, if can pay the total 120 contributions in 5 years time.

  51. Merry Chiristmas po Ms.Nora,

    Ofw po ako, dito sa saudi, member po ako sa sss,sinusubukan ko pong magregister online para makta ko ung mga contribution ko, ang problema ko po ung RECEIPT NO./OTC: di ko lam kung saan ko makikita, may mga nakalagay sa resibo na rcpt no. at sss transaction number sinubkan ko pera ayaw din po.
    please help po.
    thanks in advance

  52. I am an OFW, and started paying 1,650 beginning 2015 til Feb of 2016.
    I was unable to make contributions beginning March 2016. I have more than 120 contributions already.
    Now I read about the computation for pension at age 60. I am 43 now. And I am considering other options for my retirement. I want to decrease my payment however I was told that I can only go down as far as 2 brackets from my present contribution. My option is to stop contributions altogether then just resume payment at age 55. Any thoughts on this pls?
    Thanks in advance.

  53. Hello im regine I want to apply sss my ages 35 yrs old but I want to pull payment in 1 time for 10 years limit for my sss it will considered? And what is Mc means? What is MSC?

  54. yes mam, im 33yrs old. mam pde po ako mag bayad ng highest amt last 5yrs before i plan to retire or stop payment as long as i complete the 120 contribution tama po ba? salamat po

  55. hi maam, just want to know from1760 can I decrease my payment to 550? im an ofw plan to pay the maximum amt before may age of retirement. thank u and God bless

  56. Hi jean neri, enroll in online SSS so you can check if you have a Date of Coverage (this means your registration and contributions are valid) and you can track your no. of contributions. Yes, if you have 120 or more valid contributions, you can apply for pension when you turn 60. If you’re employed, you’re mandated to continue contributing even if you’ve already accumulated 120.

  57. Hi, I would like to confirm my understanding. I am 31 yrs old and already have 96 contributions. so meaning I can stop paying once I reach the 120 total and that would be an assurance that I will get a pension?

  58. hi po.. im 26 at gusto mag start magbayad ng sss. panu po ang mainam na gawin?
    1. can i start paying min and 60months before i complete the 120months mag max po…. ? pag na complete na ang 120months mag stop na.?
    2. bakit po ung iba 20yrs or more magbayad.? ano po ang kinaiba pag nagbayad ka ng more than 120months.

    salamat po 🙂

  59. Hi Ads, yes, you can continue paying the maximum monthly contribution as Voluntary. Yes, you will receive pension if you will accumulate 120 monthly contributions. Yes, you can do with SSS as you have planned, but make sure to look for other safe investment schemes because the SSS pension won’t be enough for retirement. When BDO launches its PERA scheme, consider it. Check out also Pag-ibig 1 and Pag-ibig MP2. Or the SSS PESO.

  60. I am 33 now and I still have 5 more years to pay to complete the 120 contributions. I used to work in a private university but now I decided to do homebased job. Can I continue paying the max MC and once I reached the 120 contributions, can I stop contributing to SSS? If I do this will I stil receive pension in the future?

  61. Hi tine, 1. If your parents are still alive when you pass away, it will be them who will be able to claim because they are next in line after legal spouse (if there is) and minor children. If they have passed away by that time, then the next in line will be anyone written as your beneficiary in your SSS records (I assume your daughter’s name is already written there as your beneficiary).
    Five years or 60 monthly pensions is the guaranteed number of pensions so if you have received already 60 or more monthly pensions then you pass away, then no more benefit is given to your daughter or parents, only the funeral benefit.
    2. Yes, even if you stop paying at age 45 as long as you have accumulated 120 monthly premiums, you will get pension when you turn 60. If that is your plan, pay the maximum contributions from age 41 to 45 so your pension will be higher.

  62. hi po im single mom 1. if pass away at age 62 then my only beneficiary is my daughter but she’s 30 by that time, is she eligible for the lump sum that I saved? 2. if I accumulate 120 monthly contributions before i reach 60 for example 45 yrs old po completed, am I entitled for pension once i reach 60? thanks po

  63. Hi tine, yes, you can do that. Start paying the maximum at around age 54 and 6 months. But I have to say that if you decrease, note that if you claim benefits during your low-paying periods, computations will be based on these lower contributions. God bless too

  64. hi i just want to ask im an ofw and i have been paying the maximum amt. which is 1760 for the past 2yrs is it ok if i decrease the monthly contribution and will increase 5 yrs before my retirement so i can still have the maximum pension? thank you and God bless

  65. Hi Elena, I hope you can contribute this month and the next months until about 4 to 6 months before your 60th birthday — SSS considers the last 60 contributions prior to the SEMESTER of retirement. Contribute 1,595 because your last contribution was 1,540. Those more than 55 are not allowed to increase their contributions by more than one salary bracket from last posted contribution per year. If you can write your last 60 contributions and corresponding salary credits (count 60 contributions backward from July 2015), and your calendar years of contributions, then we can estimate your pension amount. This is better: you enroll in online SSS so you can check your contributions, your CYS and your estimated pension. When 6 digits are asked during registration, try using 6 digits from your July 2015 receipt. If no longer recognized, pay for this month at SSS, so you can enroll online again after your payment is posted.

  66. Ellen Hi mrs Nora, I’m Ellen.I’m turning 59 this month.I have worked for almost 25 continued years.My last contribution before i resigned was 1500, that was March 2001. On the same year i paid 24mos contribution as voluntary member at the lowest amount of monthly contribution. After 10 years i’ve heard that the bases of computation is the last 5years of maximum contribution before age 60.I’m worried because of the smallest amount I contributed, so even though its so hard to produce money, I contributed 660 on April 2015,on May 2015 I paid 825, on June 2015 I paid 1100 and on July 2015 I paid 1540…I have stop paying due to financial shortage. What will be my expected pension when I turn 60 years old next year. I plan to contribute again if I have enough amount of 1760 so I should have chance to receive the right amount of pension I expect.

  67. Hi alex, yes, you’re right. I’m glad you’re analyzing these things well. For maximum amount, those retiring at age 60 should start paying the maximum at age 54 1/2 so that all the last 60 monthly contributions are maximum. SSS considers the last 60 contributions prior to the semester of retirement, not prior to the month of retirement.

  68. Hi, Individual payors younger than 55 are allowed to increase their monthly contribution to any higher salary bracket
    Based on the above rule, the payorA(age 25) need only to increase his MC from 550 to 1760 on age 54-55
    1. 25 – 55 = 550(Minimum for OFW)
    2. Age 55 = 1760 or 1 bracket below since you can still increase by one bracket
    3. Age 56 to 60 = 1760
    So the above payorA even though contributed less will receive the same pension as the payorB paying the max from the start.

  69. Hi Ms. Nora,
    I filed my manual verification last February 2015 here in Cebu City SSS office and I was told to come back for a follow up in December of the same year. When I came back the clerk told me that the computation was not yet finished and a task force had been created so that by January, computation will already completed. So, by end of January 2016 I made a follow up again. SSS told me that there is no need to make a follow up of the manual verification but have to wait and see our bank pension accounts because the lump amounts of the manual verification will be deposited there. And until now, it is already May 2016 nothing has been deposited in my account. I made a follow every month to SSS, but the personnel assigned would just tell you to read a noticed posted on the front door of SSS
    Cebu saying ” There’s no need for SSS pensioners to follow up manual verification because the amounts will be added to their bank accounts”.My question is, until when I will wait for the said amounts to be deposited in my bank account?

  70. Hi Nora!
    I have been an SSS member since I was employed in 1980. I have paid MSC @16000 since 1994 and thus have been paying P1760 till I retired (early retirement) in 2015 March. I continued paying P1760 for the whole of 2015 as a voluntary member.Thus my total SSS contributions is 420 months, of which 252 months paying at MSC. If I stop paying my contributions effective 2016, how will this affect my pension benefits? Or is it advisable tp stop and just wait for my pension at 60? I am 57 yrs old now. Can I still avail of loans or heaven forbid if I become disabled at any time before I turn 60, am I eligible for disability benefits? Thank you for your assistance. Your site is very informative.

  71. how to continue pay my sss while im working in saudi arabia almost 2 yrs i stop my payment

  72. Hi Geronimo,

    Then that is too bad. If that is true then that’s a little wicked trick not to get the MSC @ max. Seriously who in their 50’s who are mostly retired can afford to pay the 1760 max. contribution?

  73. @ Russel, Greetings!

    I don’t think so that you will get MSC @ 16000.

    Remember the critical period is the last 5 years until you reach 60.
    It will be your age at 55 whatever month and end at 60 whatever month falls. What basis then that they will give you for your MSC if you did not contribute for the last 5 years of yours? I guess they will compute it as averaging. They may compute the last contributions of yours and to the minimum contributions @ 5000 if you are OFW. Not sure……that is exciting to know.

  74. Hi russel, yes, it appears to be so. My basis is my present pension computation on my online SSS account, which I observe is being automatically computed using my last 60 contributions, without considering my gaps. I’m computing manually, and I get the same pension amount, and as I continue paying, my pension amount also changes. There were months within the past 60 months I didn’t pay maximum, so my pension amount changes as I add maximum payments. You can check your own pension computation (your online SSS account), compute manually also and observe. Would you please comment again about what you find out. Thanks again

  75. Hi Nora,

    Russel again. This one’s bothering me. As I had stated above I am 45 now and my last 10 payments @ 1760. If I’ll pay my contribution without fail I will complete the 60 contributions at maximum when I reached 50 years old. If I stopped my contribution then and just wait for my pension when I reached 60, I assume I would still get the MSC @ 16000?

  76. Hi Geronimo, I’m glad that you’re investigating these things so you can maximize your resources to increase your pension. yes, you’re right, the last 60 contributions prior to semester of retirement and the CYS are the two factors that determine your pension amount. Thanks again for commenting.

  77. Thank you Mrs Nora for the clarification.
    Take note that when you reach 50 your MC must be 1430 so that when you reach the five years computation of your AMSC it will be computed on the maximum of 16000 which you pay at 1760. Examples;

    50 1430
    51 1485
    52 1540
    53 1595
    54 1650
    55 1705
    56-60(5years) 1760

    the computation of your pension depends on the last 5 years of your contributions. In doing so when you reach 56 your contribution must be on the maximum to enjoy the full benefits. Also CYS also affects much.
    i dont know also if you are 49, the allowed prevailing minimum Salary Credit for OFW is 5000 that is 550 MC. If that so from 550 at the age of 49 jumping to 13000 that is 1430 MC will be advantageous to OFW.
    Noting from below circular, you can jump to 16000 MSC from 5000 MSC below 55 yeras old. Meaning, If you are 54 paying 500pesos you can increase 1760pesos if you reach the age of 55….well that’s great!
    “1. An SE/VM/OFW member who is below 55 years old shall be allowed to change his/her MSC without limit in frequency and in number of salary brackets in a given calendar year, but in no case shall it be lower than the prevailing minimum MSC for SE/VM/OFW members.”

  78. russel computation is wrong.
    SSS cannot allow you to jump from 500 to 1760 contribution.
    the jumping is per year examples;
    2015 550
    2016 605
    2017 660 etc.

  79. Hi Japs, thanks for your comments. I’m glad that more young people are thinking about their finances. In your other comments, you said you’ve accumulated about 8 years of contributions when you worked here in the Phils. As you’re abroad working, I think it’s wiser if you continue paying your contributions and complete at least 10 years of or 120 monthly contributions to ensure your eligibility for pension. Then think some more about these CYS and average-monthly-salary-credit things after your 120th. Consider also saving with Pag-ibig MP2 if you don’t yet have this.
    May I ask a favor from you? When you have time, would you please access your online SSS account, and try to check your estimated SSS pension. Obviously, you’re not yet eligible — but I’d like to know what info does SSS gives if you’ve contributed only around 96 contributions. Thank you very much.

  80. Hi russel, it’s good to know you’ve accumulated more than 120. Indeed, you have valid arguments in planning to stop contributing for a while, or to continue but pay the minimum. But whether you stop or pay the minimum, it’s wise to save with Pag-ibig MP2, or increase your savings if you’re already with MP2.
    If you decide to contribute the 550 minimum to increase your CYS, consider its immediate impact on your average monthly salary credit.
    You can check your estimated pension if you haven’t yet, and I hope this helps a bit.

  81. Hi Ms. Nora, this really an interesting topic which totally cleared my doubts. Same as russel, I am thinking why we need to pay max contribution at the earlier stage if at the end of the day it is the CYS that matters.

  82. Hi russel, may I think about your data? What’s your date of birth? And how many contributions (no. of contributions) have you paid in all? And how many 1,760s have you paid?

  83. Hi Nora,

    Russel again. Thanks for the clarification. It’s really an eye opener especially for self employed/voluntary/ofw like me. But now I am in a quandary if I will go down to minimum in my contribution or continue paying the maximum and stop when I reach the required 60. My worry is that maybe if I start paying the Max. at 55 I am no longer in a capacity (financially) to pay that amount. On the other hand I could lower my contribution at the lowest and divert instead the money to other investment like PagIbig.

    Anyway thanks again. You’ve been a big help. More power to you.

  84. Hi russel, yes, you’re right in your comparison and that the total amount of contributions is not a factor, and yes, there’s an unfairness to it. In a way, OFW, voluntary and self-employed members who know the pension computation are luckier because they can manipulate their contributions to their advantage, but employees cannot and those individual payors who don’t know this formula cannot.
    Your Member No. 1 case illustrates the case of employees earning 15,750 and above, who cannot control their SSS deductions, and as in taxation or in Philhealth contributions, they will carry most of the burden, as this how social institutions work. Imagine if all individual-payor members stop paying, and restart only before they turn 55. Tt might prompt the SSS to ask Congress for a change in the AMSC formula or pension formula, or in how individual payors pay. I think the recent SSS circular changing their policy on increase in contributions is in response to this issue.
    It’s good though for the SSS as an institution that 73% are employees and the rest are individual payors.
    Anyway, back to your concern, yes, of course, you can manage your SSS contributions to your advantage. I’m glad you’re looking into these things because it means you’re also looking at other investments and savings schemes. Please comment again if I missed something.
    By the way, after I read your comments, I checked how the US SSS computes pension — they consider the salaries for the last 35 years or last 420 months to get the average salary. 420 months! They also adjust for inflation, meaning they multiply an index to the earlier salaries for earlier years. Then they divide the average into 3 brackets, in which the benefit is a % of the average salary. You can see in their table that those with higher salary averages get a lower %, meaning in the US SSS, the higher-earning members also carry the burden.

  85. Hi Nora,

    Correction on the member No. 2 total contribution after 20 years. 500*12*15+1760*12*5 = 195,600. I’ve written 20 instead of 5.

  86. Hi Nora,

    Russel here. Thanks for this post. Anyway I really could not find any advantage (pension),in paying the maximum before the last 60 months of contributions. I made a calculation between 2 members paying their contributions at the span of 20 years. I will use the formula number 2 as it’s usually the one giving the highest yield. Pls. correct me if I’m wrong.

    1.Member No. 1 contribution: Maximum @ 1,760. Total contribution after 20 years is 1760*12*20 = 422,400.
    Monthly pension: 300+.20*16000+.02*16000*(20-10) = 6,700

    2.Member No. 2 contribution: First 15 years @ 500, last 60 contributions @ maximum (1,760). Total contributions after 20 years is 500*12*15+1760*12*20 = 195,600
    Monthly Pension: 300+.20*16000+.02*1600*(20-10) = 6,700.

    As we can see both are getting the same pension @ 6,700 even though the 1st member paid more than half of that of the 2nd member. This proves that the amount in contribution is not really a factor but the number of years and the last 60 at maximum.

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