**Question from Emy:**

If I pay 770 pesos every month to SSS, **how much will be my SSS pension** when I

turn 60?

I’m 24 years old, and I have just started paying my contributions.

**Answer:**

Over the 36 years that will pass before you turn 60 years old, we can expect that there will be increases in SSS contributions and salary credits.

Your 770-peso monthly contribution **will surely change** over the years.

For this reason, whatever pension amount I come up with will not be accurate.

But I will compute on the assumption that your average monthly salary credit (AMSC) will be 7,000 pesos since you said you will pay 770 pesos every month.

[adsense]

The salary credit for 770 pesos is 7,000 pesos.

I will use the following formula:

**300 pesos**

** + 20% of AMSC**

** + 2% of AMSC x CYS in excess of 10**

300 pesos

+ 20% of 7,000 pesos

+ 2% of 7,000 pesos x (36 years – 10 years)

300 pesos

+ .20 x 7,000 pesos

+ .02 x 7,000 pesos x 26 years

300 pesos

+ 1,400 pesos

+ 140 pesos x 26 years

300 pesos

+ 1,400 pesos

+ 3,640 pesos

= 5,340 pesos

**Your monthly SSS pension will be 5,340 pesos**

**REMINDER:**

My computation is only an ESTIMATE.

Surely, your AMSC will not be 7,000 pesos.

It can increase or decrease, depending on your future contributions and

changes in SSS contributions and salary credits.

**Is it worth paying 770 pesos monthly for 36 years?**

770 pesos x 12 months x 36 years

= 332,640 pesos

This means you will contribute a total of 332,640 pesos over 36 years.

Assuming you will live until age 90, you will receive your pension for a period of 30 years.

5,340 pesos x 12 months x 30 years = 1,922,400 pesos

Your total pension for 30 years is 1,922,400 pesos

**NOTE:**

You can see the other SSS pension formulas here:

Hi Maria Fe, mag-file ka uli ng claim. To support your claim, ipa-medical mo siya, para makakuha ka ng medical certificate na meron siyang cerebral palsy. Kung meron kang other documents to prove that meron siyang cerebral palsy since birth or noon pa, submit them too to SSS. Kung since birth, dapat maibalik yong mga pension niya since 21+, kasi dapat naging tuluy-tuloy ang pension niya if SSS was informed about his condition. Sabihin mo na lang if they’ll ask you na why file only now, na you didn’t know na puede palang tuluy-tuloy ang pension ng merong permanent disability. I hope mabalitaan mo kami later on.

A blissful day…widow po ako 14yrs.na.may monthly sss pension po na rrecib.. ask ko po kung may benefits o monthly pension pa po ba anak ko na may cerebral palsy condition. 25years old na po sya ngayun.kasi po nun mag 21 na sya stop na po pension para sa kanya. Maraming salamat po.

Hello Claribel

Maaari mo itong macheck sa iyong MySSS account. Meron dun pension calculator type mo lang date of contingency (18 YRS. FROM NOW?) Medyo matagal pa ata yun !

Hello po, tanong ko lang how much will be my pension when I turn to 60. I’m 42 years old now and paying a monthly contribution of 1,100.00. But before I have already 86 months contribution the amount of 770. Thank you…

hi po.tatanong ko lang po kng magkano dapat kong ihulog sa sss para maabot ko yung pension na 10k,68 months na po akong naghuhulog at sa kasalukuyan ay 51 yrs old na ako

Hi po uli tanong po ng kaibogan ko… kung paano daw po ang computation sa naka 15 yrs na contribution sa halagang 1650?

Thank you!

Hi Mam Nora tanong ko lamang po kung magkano po ang mgiging pension ko sa nakumpleto kong 10 yrs na contribution at yng huling 61 months ko pong contribution ay 1650 a month at isa pa pong tanong pwede na po bang magfile ng retirement pag 60 yrs old?

Sir/mam,

Tanong kailan po ako makatanggap nang pension ko sa SSS?….

Voluntary members po ako,nagfile ako retirement July 26,2017 tapos mag 60 years old ako Oct.01,2017…………

Hoping tohear you soon regarding this matter….

Regards,

Noe

Good day po i have contibuted 1760 for 193 months po sa sss magkunu po maging pension ko after my 60 this 2018

hi po gdpm ask qlng kng magkano ang malalansome ng papa q kc 71 n xa eh dpa tpos ung hulog nia pde b mlaman kng mgkano mata2ngap nia ble 300plus lng hulog nia quarterly tanx mam…

I am 57 yrs old and still working. I contributed to SSS more than 20 yrs already and still doing it until now. Can you tell me how much will the estimate sss monthly pension will i receive on my 60th birthday? My sss no. is 03-5815723-6. Thank you.

Hi Boyet, doon sa pension-increase bill ng Congress, kasama yong pag-increase ng minimum pension from 1,200 to 3,200. Hindi ko pa sure kung kasama ito doon sa pinirmahan ni Pres Duterte last year. Di ba nga inapura yong pagpirma due to public pressure. Executive Order pa nga ang ginawa. At imbes na 2000 increase ay 1000 increase muna, na sa year 2018 pa yong another 1000 increase.

Ang isip ko as of now, kasi naaprub yong 1000, ang minimum pension dapat as of now is 2,200, at dahil ang estimate natin na pension mo is 1,600, at 2,200 ang minimum, so 2,200 ang pension mo, kasi 2,200 nga ang minimum (so kasama ka na sa increase). Kapag maibigay na uli yong another 1000k increase, dapat 3,200 na rin ang pension mo.

Babawiin ko na rin pala yong suggestion ko na tataasan mo yong monthly contribution mo, kasi wala na rin palang effect. Kahit tataas sa 4500 ang average salary credit mo, ang kuentada is mas mataas pa rin yong minimum pension (na 2,200 or 3,200). So sige continue mo na lang yong 400 pesos na monthly contribution mo.

Remember na opinion ko lahat ito, and although I have basis, I can be wrong. I’ll email you if I see the document signed by Duterte last year.

My pension will start next year of Feb 2018. Upon computation, may i asked if I am included to 1000 pesos increase of pension monthly.

Thanks again

Boyet

many thanks nora

Hi Boyet, nag-increase ka ba ng contribution this 2017? Kung hindi pa, ask to increase by one level, para makatulong din sa pension increase. And another one-level increase in 2018. Kasi ang basis ng pension computation is your average monthly salary credit (AMSC) for the last 60 months. Sa 440 contribution, ang salary credit is 4,000. Ito yong pension formula na highest yong result >>> 40% x AMSC >>> 40% x 4,000 = 1,600 pesos. Sorry hindi ko sure kung kasama sa na-approve yong minimum pension proposal na 3,000 pesos. I’ll check

I started a sss member since 1981 on and off po ang contribution ko as company then become self employed. I earned 60months contribution when I rearched 60 yr old. I decided to retire working overseas year July 2011. Upon verification with sss I choose to continue instead to get the lumpsum. I started paying 400pesos of my contribution monthly. After 2years it was increased as per sss to 440 pesos per month. Next year of February 2018 my total contibution to sss will be 120 months. Please advised if I am entitle for 1000 pesos increase to my pension and rough estimate of my pension monthly. thank you and more power

Hi Julieta, I hope you can go to your former college admin/HR and ask them for certified copies of your SSS contribution payments with payment receipt numbers. Ask them na bakit hindi naka-post sa SSS. Did they remit your contributions to SSS? Ikaw lang ba ang ganon? Maybe ask your former co-teachers who are also getting pensions. File one set of certified copy sa SSS with a letter to SSS requesting them to post the contributions attached and to recompute your pension. Maybe a copy of your pension voucher will be required. Submit two copies of your letter at pa-stamp mo yong isa para meron kang proof that they received your request. You will use this for your follow-ups. Floating (hindi posted) or na-post sa iba ang contributions kapag merong mali (incorrect SSS number, incorrect name, or incorrect amount — yong walang amount na ganoon sa SSS table at the time of payment). If your 1985-1989 contributions were during your college work years, then maisasama na ito kapag maayos mo na ang records mo. I hope you’ll be able to correct your records so your pension will increase. Naka-enroll ka ba sa online SSS? So you can track your records and changes?

Dear ms Nora. I have 160 contributions to SSS, – that was my SSS contribution in high school. I also have SSS contribution in the college department. What I am receiving as pension is my high school contributions only php2500. Nag inquire po ako about my SSS contributions in college. The answer is baka daw po baka floating. I’m just wondering kasi using SSS number lng nman ang gamit ko. Another question is about the manual verification of my SSS contributions from 1986-1989. Please help me na madagdagan ang pambili ko ng nga kailangan Kong nga gamot.Sslamat po.

hello..medyo nahihirapan po ako mgcompute..ask ko nlng po..halimbawa po 50 yrs.old ako now mghuhulog ako ng 1ooo monhtly mgkano po mappension ko estimate po?thank u admin????????

hello..medyo nahihirapan po ako mgcompute..ask ko nlng po..halimbawa po 50 yrs.old ako now mghuhulog ako ng 1ooo monhtly mgkano po mappension ko estimate po?thank u admin????????

Hi Alona, good that you are encouraging your son to be an SSS member. Wala bang SSS yong Jeepney Operator & Driver association niya? Marami na ngayong associations na merong SSS Alkansiya program ang mga members. Kung wala, para matulungan mo talaga siya, punta ka sa pinakamalapit sa inyo na SSS (doon din siya pupunta later on) at humingi ka ng self-employed registration form. Tanungin mo na rin kung ano ang puedeng proof of source of income ng PUJ driver. Puede bang driver’s license lang? or yong certificate of JODA membership? I-fill niya ang form, then punta nang maaga sa SSS with his driver’s license, other ID kung meron at proof of source of income. Puedeng isulat na 5,000 pesos ang monthly income niya, para ang monthly contribution niya is 550 pesos. Ito yong SSS table of contributions kung gusto mong tingnan yong ibang contribution amount. Kung gusto niyang 495 lang ang monthly contribution niya, isulat niyang 4,500 ang monthly income niya.

Hi…ask ko lang po ang anak ko kasi 21 years old na at di po siya nkapag tapos nang pag aral sa dahilan na ayaw niya na talaga mag aral. nag drive po siya ngayon nang PUJ at binata pa…hinikayat ko po siya kumuha nang sss para mkapag save man lang po siya para sa future niya…nag ok naman po siya at ask niya sa akin if hanggang kailan daw po siya dapat maghulog, at magkano daw po ang babayaran niya monthly..?

Salamat po

Ask ko lng po kung pwede pang mag apply ng SSS yung mama kahit 57yrs old na sya ngaun?

I will turn 60 in April 2017 and want to receive pension. I worked and contributed for more than 20 years. How do I start my application for pension? I am now living in the US.

Hi mam!ask ko lang po kung may adjustment ako?my husband died last

August 2012 at nagpension ako nung may 2oi3

Hi Nieves, yes, puedeng-puede. Maraming voluntary members na former OFWs. Did you start as SSS member when you went abroad as OFW? Did you fill up an SSS OW-1 form before you paid? Kung hindi mo matandaan, enroll in SSS online system so you can check your Date of Coverage before you come home for good.

Hi! Gud pm po.ako po si Nieves baler cabacungan 6years + as ofw member magfor good na po ako sa oct na po itong tao.pwde ko po bang ipagpatuloy as a vulontary contribution pag nasa pilipinas na po ako..marami pong salamat.

Hi Eutiquio, have you accumulated 120 monthly contributions? How many 330 did you pay these past months? May years ba? Sana konti lang. The basis of your pension will be the average of your last 60 monthly salary credits. So kung mas marami ang salary credit mo na 10k sa last 60 monthly contributions, mas higher yong pension mo. Kung around 6 months na lang is mag-60 ka na, wait mo na lang yong pension mo. Kasi meron ding rules about increasing contributions at age 55 and older. When will you turn 60?

Hi Nora, Good Morning.

My name is Eutiquio Ranollo. I have a question I am working previously and has salary at 10,000 per month and I resigned and stop paying my comtribution but decided to continue payment as a voluntary contribution at 330 pesos per month what will be the basis of my monthly pension will it be 3000 or 10,000 what happen to my contribution which is bigger in the previous months during my work if in case I will not continue paying the contribution how much my monthly pension would it be?I am now 59 years old next year will be 60 years old.What good advice can you offer if any?

Hi Ms Nora, ask ko lang po kung makaka receive ba ng backpay for 1985-89 adjustment yung naka claim na ng partial disability? Di po ba kasi kulang ng 5 yrs yung computation nila? Thanks mariz

Hi Rodolfo, I’ll estimate assuming you paid 1,560 and 1,760 for the last 60 months prior to the semester of your surgery. The 1,760 maximum started in Jan 2014. Let’s say, your average salary credit for the last 60 months is 15,450. Your monthly pension could be 6,480. But this is not accurate because I made assumptions that might not be correct.

Do you have an online SSS account? If not yet, here’s how to enroll in online SSS. After getting your account, read this guide on how to see your estimated monthly pension. You can also check your disability info. Just please comment again if there’s something not very clear

Hi Nora hope you can help me.I was approved by the SSS partially disability because I was operated on my spinal column doctor remove T4T5T6.my monthly contribution was 1750..1 work as a seaman for 20 years I am 44 years old..how much will I received for my monthly pension for 15 months

Hi Gail, based on your plan, and assuming that the maximum salary credit will still be 16,000 pesos when you retire, your average monthly salary credit will be 16k pesos, and your extra credited years will be 10. Your pension will be 300 + 20% x 16k + (2% x 16k) x 10 = 6,700 pesos

Hi mrs Nora, I’m a Voluntary payor. I’m paying the maximum monthly, and plan to finish that for 20yrs, How much will be my pension?

Hi len, how old are you now? SSS issued a new circular regarding change in SSS contributions. It says that we can increase our monthly contributions by any number of levels as long as we are younger than 55. By age 55, we’re limited to one increase by one level per year. This means that you can increase your contributions by any amount as long as you’re under 55.

During my employment i contributed 1,100/month,

now i am Separated from work.

it is high to shoulder 1,100/month as voluntary

i am planning to become a voluntary member for 330/month.

and increase my contribution

is it possible to make my contribution increase..

by 1 step by 2 step

January 330 January 330

February 385 February 440

March 440 March 550

April 495 April 660

so on… so on….

so that i can reach maximum contribution later on before retirement in 5 years

thank you

Hi Fernando, if you want a higher pension, you can continue paying 1,760 (or the maximum contribution if the maximum is increased in the future). I guess you know already that you should not contribute less than maximum because it will reduce your average salary credit. Enroll in online SSS so you can check your estimated pension. After log-in, select Eligibility, then click DDR. Input your retirement date (60th birthday and 65th birthday). You might want to consider also saving with Pag-ibig MP2 or Flexi-Fund. I’m glad you’ve accumulated more than 120, you’re contributing the maximum and that your job there is great.

HI MOM NORA, Good Day! I’m OFW, i am contributed 1760 per month,and i’m already over 120 months contribution, now I’m already 59 years old shall i continue my contribution till the age of 65 years old or even after 65 years old? I have no plan to claim my monthly pension because i’m enjoyed working here in abroad. Your prompt reply is highly appreciated.

thanks and best regards.

Hi Lily, it’s true that you need 120 monthly contributions to qualify for a pension. Since you have only 89 contributions, you need 31 more. That means you need to contribute for 2 years and 7 months more. You’ll be more than 68 by that time. It’s also true that you can decide to claim your benefit now. What you will get is a lump sum — it’s equal to the total of all your contributions plus interest. If you decide to continue, it’s wise to increase your contribution, but go to SSS and ask how much you can increase your contribution.

I WORKED IN A PRIVATE CO. FOR 8 YEARS.FROM THEN ON I STOPED PAYING MY CONTRIBUTIONS.BUT NOW I CONTINUE PAYING AGAIN MY CONTRIBUTION AS VOLUNTARY.I HAVE EARNED 89 MOS WHILE WORKING COZ THEY SAID I NEED TO HAVE 120.IAM ALREADY 66 YRS OLD.OTHERS SAID I CAN AVAIL LUMP SUM BENEFITS EVEN I DONT CONTINUE PAYING FOR MY CONTRIBUTIONS.BUT I WILL NOT BE ABLE TO AVAIL OF THE MONTHLY PENSION.

ello Maam Nora,

Good day.

I have something to ask about SSS. An OFW now aged 45 years old, worked for 15 years. His contributions for that period of 15 years is in maximum.

After 15 years, he decided to settle down. This means that his income is lower than usual. In connection with this, he can only afford to pay his monthly contribution of let us say 676.00 pesos – good for another 10 years( age will be 55 after 10 years).

Five(5) years prior to his retirement, he wanted to have a bigger monthly pension afterwards – he increased his contribution to the maximum.

If he do this, what wil be his monthly pension after retirement.

They said that the last 5 years is an important. Is it right, that a person will only pay the minimum for all previous years, then 5years before retirement he will will pay the maximum contribution.

Maam, could you please send me some scenarios, for us to easily understand all about it.

Your site is really good. This is my first time here an dI learned a lot.

Thanks and more power.

Hi mon, you can continue paying immediately, as long as you’re sure your SSS no. is correct. Pay your monthly contribution as OFW or as Voluntary (if not OFW) through accredited SSS collectors there abroad (I-Remit, Ventaja, Lucky Money and the remittance partners of Landbank, PNB, Veterans, Metrobank, AUB, BDO). The minimum for OFWs is 550. If you’re 54 or older, it’s advisable to pay the monthly maximum (1,760). Enroll in the online SSS system so you can track your payments.

I stopped my SSS contribution for 8 years since i’m here abroad. if i will continue what should i do? thanks.

Hi Mizaila, if you want to pay for past quarters, then pay as OFW because OFWs are given more flexible payment deadlines. If you pay as voluntary or self-employed, you can no longer pay for past quarters. You download the OW1 form, fill it up, then scan it or picture it, then email it to ofw.relations@sss.gov.ph . Then you can pay as OFW through IRemit, BDO, PNB, Metrobank, Ventaja partners there, and specify June 2015 to Nov 2015. You can pay 550 (the minimum for OFWs) or any higher amount. Here’s a Table of SSS Contributions. You can pay for June to Sep 2015 only this year, up to Dec 31. For Oct to Dec 2015, you can still pay it in Jan 2016.

Hi Ms. Nora! Good day! I have a question po. I worked po since I was 18 years old and I have SSS already. When i resigned after working for 1 year and 6 Months my SSS contribution stopped last year April 2014. My next company continued contributing starting last January 2015 and stopped again last May 2015. Can I contribute now starting from June up to this Month since I’m already here in Abroad? I just want to continue my SSS contribution as self employed. How much will be my monthly contribution? Please tell me what will be the process re this matter. Thank you so much…

Hi Lilia, is your husband a Voluntary member? Was he employed before he became voluntary? I asked because voluntary members need to be sure they have a Date of Coverage. You can check it through his online SSS account. About pension: yes, your husband will get a pension because he has contributed more than 120 contributions, which is the minimum requirement. Even if he stops at age 52, he’ll get his pension. Stopping is allowed, but of course, he’ll get a higher pension if he continues paying until just before age 60. If both wife and husband die before pension age, the minor children (under 21) will get their pension. If 21 or older, they will get a lump sum (total of all contributions paid plus interest). If they both die with only 1 or 2 years of pension (less than 5 years of enjoying pension), the children (if all are 21 and older) will get a lump sum equivalent to 4 or 3 years of pension — this will complete 5 years of pension years for the member. will get back…

Hi Ms. Nora, I’d like to know about the case of my husband who has paid 1560 for 13 years and 2 years of 1760. He’s 44 now and he plans to pay for 8 more years of 1760 then he’ll stop; by that time he’ll be only 52 years old. Will he get a pension and how much would it be? Does he need to continue paying until 60? Second question po: if both the husband and wife die before the pension age that the maximum amount was paid for 30 years and the children left behind are above 18, do the children get pension? Thanks po.

Hi Merille, about pension computation, SSS will base their computations on your average salary credit (based on the contributions you have paid) and the no. of years you contributed. About possible deficiencies in your contributions, SSS requires you to present paylips and other documents if you file your complaint with SSS.

Hi Ms. Nora, how about if I have different amounts for contribution since I’ve been with different companies? How should we compute that? and some of my employers are not remitting the same amount in my sss contributions, for example with company a first month was P832 second month was 1560 then third month was 884, how is it if it’s like that? It’s only now I have sss online so i wasnt aware that my contributions were like these. I have been awol from that company, does that mean I can no longer file a complaint if there are deficiencies? I have not kept my payslips since they were online and can only be browsed in the premises of the company.

Hi cristina, did you check how much is your loan balance now? Will you not be able to pay off your loan? When will you be 60? I think you will still have pension even if you have an unpaid loan because you worked for many years. If your loan remains unpaid when you file your pension claim, what SSS will do is to compute your pension then use your first monthly pensions to pay off your loan from month to month. You will start receiving your monthly pensions only after your loan has been paid off.

my question is iam a sss member for long time and i have loan a 5t but that amount i not pay so i still have pension when i reach my age of 60. thank you

Hi melody, sorry, every processing is different. I don’t know. Change of civil status usually takes 1 month. Maybe it takes them a longer time to verify birth records.

hi po, how many months po before the correction of birth date is posted?

Hi maddam, pls consider my concern. My mother is already 57 yrs.old & shes paying 300+/monthly for sss contrbution. She started this since 1984 until now. she got married to my father in the year 1985 whos a global maritime proffessional. Just wanna ask if how much will be my mothers pension If she turns 60. Thanks

Hi Nora!i need your advise please as i have been pushed back and forth by SSS for my issue.1st concern is, my boyfriends family are now residing in the U.S. and are now citizens there.They requested me to help them with their SSS pension. most of them had already forgotten their sss numbers, and so when i went to SSS i was just equipped with their info such as full name,date of birth,address in the phils.SSS pushes me away and insists that these people should COME HOME TO THE PHILS. to process their pensions themselves since i don’t have their SSS numbers.is there another way for us to be helped because aside from the fact these people are already very old, the fare from there to the phils.and back is no joke as well. my 2nd concern is i also have a relative who is incarcerated and i am trying to process her retirement pension with SSS but apparently SSS is also giving me a very very very difficult time.please help.how do i process the pension for my incarcerated relative?

Thank you for your help

im 49 y/o and i want to continue my SSS contribution. If i intend to contribute 1,760/mth for up to 65 yrs old, how much will i get for my monthly pension? I worked at Phil Airlines for 8 yrs. from Dec 1, 1991 to 1998 with my last mthly salary at 12,500. Will it also be added in the computation?

mam totoo po ba ngfile kasi ako funeral claim hndi pa pinafile ung death claim ko na pension kasi dpat dw marelease muna ang cheke ng funeral e kasi po bulacan namaty asawa ko fairview ako ngfile n branch malapit samin mtatagalan pa daw ng 1month bago ko makuha ung 20,000 tpos dun palang ako mgfile ng death claim? hndi ba pwede isabay n po ifile?

Hi joanna, yes, the baby in your womb is entitled to a pension because he/she was conceived before the date of death of your husband, but you will have to file this after delivering your baby because you need his/her birth certificate for filing. Ask advice about filing now and file another later, or filing for the 3 of you all at one time after giving birth.

hi ms i have question po my husband died last week march 8, 2015. we’re married and we have a child 2yo in august. I’m also pregnant 6mos. We’re entitled to pension benefits, my child and I. Will my baby still in my womb be entitled to a pension? My due date is july this year. He contributed 52mos to SSS. Can I also file for my baby still in my womb? thanks

Hi Rachel, if you’re changing your surname because you got married, go to SSS with your IDs, your marriage cert (xerox and orig) and fill up SSS E4 form.

Hi Bobby, yes, I agree with your analysis. And yes, the 2 cases you described will have the same average salary credit and the same pension amount. And I also have had the same thoughts about the seeming unfairness of the SSS pension formula. But maybe that’s the formula because SSS is a social insurance, in which those who have more in life share to those who have less, just like taxation, and like the social health insurance, Philhealth, in which those paying 875 pesos get the same coverage with those paying only 200 per month or those with free memberships. Employees also don’t have control over the amounts of their SSS deductions; only individual payors like us have control.

Just like you, I also thought about paying the lowest first, and then the maximum later on, but what if I pass away while paying the lowest premiums? My beneficiaries will then get the lowest pensions. So maybe we choose the middle brackets and then the maximum bracket starting at age 55. Thanks a lot again for sharing your thoughts

By the way, you can also see here that the contribution-benefit ratio of those paying less is much bigger than those paying more: https://sites.google.com/site/informationphilippines/sss/retirement-claim-checklist

I just want to ask how can I change the surname of my SSS no.

Hi Ms.Nora,

Kudos to your blog. Very helpful. Anyway, i have another query in regards to the basis of computing sss pension.

Case 1. I will pay a total of 20 years. For 1st 10 years i’ll be paying 750 with a monthly salary credit of 8000. For the next 10 years i’ll be paying 1760 maximum with a salary credit of 16000. Total contribution is 301,200 pesos.In the computation…for the whole 20 years, what will be my monthly salary credit.

Case 2. I will also pay a total of 20 years. For the whole duration. i will pay the maximum of 1760.Total contribution is 422,200 pesos.

The difference of contribution for case 1 and 2 is 121,200 pesos.

Assuming that the salary credit be given to both cases is the same as 16,000, base from the formula, they will be receiving the same pension. Therefore, case 2 is luging luging, kasi mas malaki total binayad. Please clarify.

Basis of computation should consider the total amount of contribution, not the salary credit given. Otherwise, I will pay the lowest first then, eventually, i will change to the maximum.

Hi Bobby, yes, you still deduct 10, and yes, your formula is correct. Why deduct 10? It’s because it’s what the SSS formula says: 300 plus 20% of AMSC plus 2% of AMSC multiplied by no. of years in excess of 10. Why 10? It’s because this is the no. of years of contributions that a member should accumulate in order to qualify for pension. If less than 10, the retiree does not get a pension; he gets only a lumpsum, which is equal to total contributions paid to SSS.

Dear Ms. Nora, I’m a bit confuse regarding the formula you’ve given. What is the meaning of the -10 from the 36 figure. In case I paid 20 years, which is the required number of years to pay, from the formula itself, do you still need to deduct 10 from 20 years. I am paying maximum, and my AMSC is 16000. Does the formula still goes this way?: 300+ (20% of 16000) + (2% of 16,000) x (20 years – 10 years). Thanks for the clarification.

Hi Erin, it’s great that you have the privilege to choose to be a fulltime mom. Happy for you. About your pension: The salary credit for 1760 is 16k. Since you said you’ll pay 1760 for all 120 months, then your average salary credit will be 16k. We will use Formula 1 as listed here: http://www.workingpinoy.com/2012/10/magkano-sss-pension-10-years-monthly-contribution/.

Your pension will be 40% of average salary credit, and that’s 40% of 16k, which is 6,400. This will be your pension amount.

Hi Ms Nora! I find your blog really helpful since I will be resigning from the service next year to fulfill my long time dream to be a full time mom. Yey! In this case, Im planning to be an SSS voluntary member. My question is this; if in case I maybe able to pay a maximum contribution of P1,760 for straight ten years (120 mos), how much will be my monthly pension when I reach the age of 60. TIA 🙂

good day, thank you so much.maraming salamat sayo at sinasagot mo ang mga katanungan namin 🙂 .

kahit na estimate lamang ang binibigay mo at least nalalaman namin.sana maari ko din malaman ang sa flexi fund.

Hi teresa, to make an estimate, we will make 3 assumptions:

1. when your husband retires, the maximum salary credit is still 16k

2. he’ll pay the maximum premium for the 60 months immediately prior to his semester of retirement, so his average salary credit will be 16k

3. he’ll accumulate 34 years of active membership (credited no. of years)

The formula to be used will be: 300 pesos plus 20% of average salary credit plus 2% of average salary credit x 24 years (from 34-10)

300 pesos plus .20 x 16k plus (.02 x 16k) x 24

300 + 3200 + 7680 = 11,180 pesos

Your husband’s estimated monthly pension will be 11,180 pesos. Please remember this is only my estimate, based on current rules and the assumptions I mentioned. Ask others too.

About Flexi-Fund, I’ll give you the link to our new post about it later on.

my husband is paying 1,760 a month plus 500 for flexifund. he’s paying for almost 30 years now. the previous ones were 1,560 plus 500 flexifund. since the increase, we’ve been paying the maximum 1,760 plus flexifund 500. how much will be his pension? good day and thanks

Hi Avenio, yes, he can continue paying — the mandatory retirement age under SSS is 65. I’m curious why you chose 240 and why you mentioned “maximum in “maximum 240 contributions”.

My brother will turn 60 this coming December. His SSS contribution that time will be 225 contributions. Can he delay his retirement claim until he pay his contribution to maximum 240 contibutions? Thanks for your reply.

Hi Nora, I would like your advise since I am an SSS member and its been awhile I haven’t pay my contribution. I would like to activate my account again and increase my monhly contribution. I am a resident in Canada but have a business in the Philippines. What are the forms to fill up? How to pay? I hope to hear from you soon.