SSS short for Social Security System is an insurance program mandated by the Philippine government to cover all income earners or workers in the private sector. SSS was created to provide private employees and their families with protection against disability, sickness, old age, and death.

How is SSS contribution calculated?

SSS contributions are calculated based on the official SSS contribution schedule. You can refer to the most recent schedule here: SSS Contribution Schedule (January 2023).

HReasily automatically calculates the SSS contributions. For example, if an employee has the following income details:

• Monthly Salary: ₱50,000
• Pay Items subject to SSS computation: ₱10,000

The SSS contributions will be as follows:

• Employer Contributions: Employer Contribution from Regular SS + Employer Contribution from EC + Employer Contribution from WISP = 1900 + 30 + 950 = ₱2,880.00
• Employee Contributions: Employee Contribution from Regular SS + Employee Contribution from EC + Employee Contribution from WISP = 900 + 0 + 450 = ₱1,350.00

Refer to the table and look under the column titled "Range of Compensation" to find the range that includes P60,000.

Breakdown of the SSS contribution table:

• ER: Employer’s Contribution
• EE: Employee’s Contribution
• EC-ER: Employee’s Compensation Program
• SE: Self-Employed
• VM: Voluntary Members
• OFW: Overseas Filipino Worker

New SSS Contribution Table Effective January 2023

For more details, kindly visit the SSS website: https://www.sss.gov.ph/