SSS Contribution Table 2024: How to check Contribution? How to Pay? All We Know

Updated on February 10, 2024

Learn all about the SSS Contribution Table for 2024 in this guide. Discover how to check your contributions, make payments, and understand the new rates set by the Social Security System in the Philippines for both employers and employees. Contributions play a vital role in securing financial benefits, and this article will provide insights into the monthly contribution details based on SSS membership. Keep reading to stay informed on SSS contributions for 2024 and how to contribute.

SSS Contribution Table 2024

In 2024, the Social Security System has set a contribution rate of 14%, with 9.5% for employers and 4.5% for employees, applicable to monthly salaries ranging from R4,000 to P30,000. The SSS Contribution Table outlines the mandatory payments in the Philippines.

This table, determined by salary and SSS membership, requires contributors to make monthly payments for various benefits and services offered by the federal organization. These contributions cover areas such as retirement, disability, pensions, and financial assistance, with the amounts dependent on both employer and employee contributions.

How to check Contribution?

Here’s a simple guide to check your SSS Contribution Table:

Step 1: Visit the official Social Security System portal and log in to your account.

Step 2: Once logged in, find the contribution option among the four buttons on the upper right panel. Click on it to be directed to a new webpage.

Step 3: Fill in the required details and click on the SSS contribution inquiry page. Here, you’ll find information on your monthly contribution, SE/VM contribution for voluntary or self-employed members, WISP Plus, Flexi Fund, and WISP.

To check your SSS Contribution Table easily, use the portal by entering your User ID and Password. Alternatively, you can also inquire about your contribution by texting “SSS Contribution” with your valid SSS number and PIN to 2600.

How to Pay SSS Contribution?

To settle your SSS Contribution, make sure you meet the criteria outlined in the federal SSS Contribution Table. Once eligible, follow these steps:

  1. Access your Social Security System account by logging in.
  2. Obtain a Payment Reference Number (PRN).
  3. Log in through GCash or any BIP mobile application.
  4. Navigate to pay bills and select Government >> SSS Contribution.
  5. Complete the application form by providing the necessary details and click “next” to confirm.

By following these steps, you can successfully pay your SSS contribution. Additionally, you have the option to settle your contribution at the SSS teller or partner banks, which include Asia United Bank, Bank One Savings Bank, Philippine Business Bank, Bank of Commerce, and First Isabela Cooperative Bank.

All We Know

The annual release of the SSS Contribution Table outlines monthly payments involving both employees and employers. These contributions are essential for individuals managing short wages and tight budgets, considering additional expenses and employment statuses. The table encompasses various factors such as compensation range, monthly salary credits, total contribution amounts, and membership types.

To qualify for SSS benefits, both employers and employees must contribute. These benefits include salary loans, death benefits, disability benefits, retirement benefits, unemployment separation benefits, sickness benefits, and more. Individual members can also check their SSS Contribution Table to verify their contributions. This table is tailored to the recipient’s income, aligning with the benefits and loans offered through the Social Security System.

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