How to Compute Your SSS Pension

SSS Pension

As paying members of the Social Security System (SSS), we are all looking forward to that day when we can just sit back, relax, and wait for our monthly pension to arrive.  We count the years until we are prepared to retire from our jobs and finally be able to take that much needed vacation, spend quality time with our children, and no longer be bothered by “work”.  We look forward to that day when we can finally ask ourselves, “What do I do with all these free time on my hands?”

But the question we should all be asking at this point is, how much must I expect as monthly pension from the SSS and will that be enough to sustain my needs as I approach my senior years?

To help you determine your monthly pension, here is a guide lifted from the SSS website and a recent article from the Manila Bulletin.

WHAT IS YOUR SSS COVERAGE?

Are you under the Compulsory or Voluntary program of the SSS?

The Compulsory program covers employers and their employees, as well as self-employed individuals.  Their contributions are automatically deducted from their monthly salaries and remitted by their employers to SSS.

Voluntary members are OFWs, non-working spouses of SSS members, and members who have separated (resigned) from their jobs.  They pay their monthly contributions “voluntarily” by going to SSS offices or accredited payment centers.

Apart from the two programs, SSS also encourages its members to establish a separate savings account under the SSS Personal Equity and Savings Option (PESO) to add to their retirement funds.  This is a tax-free investment fund that can earn income based on interest rates of five-year Treasury yields.  At a minimum amount of Php 1,000 per month, a qualified SSS member is able to basically double his SSS savings.

HOW DO YOU COMPUTE FOR YOUR RETIREMENT PENSION?

A member’s pension is determined based on the number of credited years of service (CYS) and the number of dependent minor children.

There are three formulae that the SSS uses to compute for a member’s pension; the monthly pension will be the highest amount resulting from any of the three formulae.

  1. The sum of = Php 300.00 + 20% of the Average Monthly Salary Credit (AMSC) + 2% of the AMSC for each Credited Year of Service (CYS) in excess of 10 years, OR
  2. 40 % of the AMSC, OR
  3. Php 1,200.00 if the CYS is at least 10 but less than 20.
  4. Php 2,400 if the CYS is 20 or more.

Note: The AMSC is determined by the SSS based on your monthly compensation.  Salaries from Php 15,750 and above are assigned an AMSC of 16,000.

Example:

Using formula number 1, here is a sample computation for an individual who:

  1. Is earning Php 30,000.00 monthly
  2. Has worked and contributed to the SSS for 40 years

Monthly Pension (MP) = P300 + (20% of AMSC) + (2% of AMSC x 30 years (40 years – 10))

MP = Php 300.00 + (20% x 16,000.00) + (2% x 16,000 x 30 years)

MP = Php 300 + 3,200 + 9,600

MP = Php 13,100.00

ARE YOU QUALIFIED YET?

There are two ways to determine if you are qualified for SSS retirement benefits:

a. You are 60 years old and are no longer working or have ceased to be self-employed.  You have made at least 120 monthly contributions before the semester of retirement.

b. You are 65 years old – may be employed or not – and have made at least 120 monthly contributions before the semester of retirement.

HOW TO CLAIM YOUR SSS MONEY

There are also two ways to receive your retirement benefits:

a. Lifetime monthly pension – receive your pension monthly through the bank that you pick as your designated bank.

b. Lump sum – receive the first 18 months of your pension at a discounted rate determined by the SSS.  Your monthly pension will begin on the 19th month.

WHAT ARE THE DOCUMENTS YOU NEED TO PREPARE?

Be ready with the following IDs and documents when filing for your retirement benefits:

  1. Retirement claim application form (SSS Form DDR – 1);
  2. DDR Saving Account form;
  3. Certificate of Separation from last employer (for members less than 65 years old);
  4. Passbook (if pension);
  5. Certified true copies of birth or baptismal certificate of dependent children;
  6. Certificate of cessation of business or practice of profession (for self-employed less than 65 years old);
  7. Certified true copy of marriage certificate (if with dependent children);
  8. Proofs of filiation for illegitimate dependent children; and
  9. SSS digitized or E-6 (acknowledgment stub) with two valid IDs, one of which has a recent photo.

For a more thorough and accurate computation of your retirement benefit, visit the nearest SSS branch.

Source:

http://www.mb.com.ph/how-much-will-you-get-from-the-sss-when-you-retire/

https://www.sss.gov.ph/sss/appmanager/pages.jsp?page=retirementpension

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84 thoughts on “How to Compute Your SSS Pension

  1. Nagmigrate po kami ng family ko dito sa US almost 5 years ago. Bago po yun, nakapagcontribute po ako sa SSS ng mahigit 10 years. Makukuha ko pa rin po ba yun mga naihulog ko kahit US citizen na ako at wala pa sa retiring age? Balak ko po kasi na magbalikbayan at isa po sa itinerary ko ay lakarin po itong sa sss ko. Salamat po sa inyong magiging tugon at more power po.

  2. Sir tanong ko lng kung ung dagdag na 1 thousand pesos ay kasama s monthly pension ko this may 2018 kc d sinabi dun s sulat kung ksma

  3. can i get my pension when i reach 60 yo even if i’m still working in another country? i’ve already made more than 300 contributions and still continuing it up to now as voluntary member.

      1. paano po pag nawowork pa pero nka 23-yrs. ka nang hulog sa sss, pwede bang mag file ng lumpsum pension ,

      2. Hi Ruben,

        Narito ang policies ng SSS pag dating sa claiming ng pension:

        a. You are 60 years old and are no longer working or have ceased to be self-employed. You have made at least 120 monthly contributions before the semester of retirement.

        b. You are 65 years old – may be employed or not – and have made at least 120 monthly contributions before the semester of retirement.

        Sa edad nagbabase ang SSS ng qualification for pension, hindi sa employment. So, kung ikaw ay nasa 60 to 65 years old na, kahit nagta-trabaho ka pa, pwede ka nang mag claim ng pension from the SSS.

        MC

  4. Ask ko lang po kasi separated ko ako for twenty two years wala na po akong balita sa kanya kasi nung huling pag uusap namin last 1992 me kinakasama na po sya kaya po nakipaghiwalay na ko ask ko lang puede ko po ba maibalik ang apilyedo ko sa pagkadalaga wala naman akong pera para para mag pa annul im 58 years old na po at malapit na po akong magpension gusto ko po na bago ako mag pension maalis ang surname nya sakin ano po ang gagawin ko salmat po

    1. Hanggat hindi na a annul yung kasal nyo na yun technically married ka. Try mo pumunta sa munisipyo kung saan naka register yung kasal nyo inquire mo yung nullity of marriage i explain mo na wala ka ang contact sa kanya for 20 yrs na.

  5. Totoo po ba na mas malaki ang pension ng member pag 5 years before na magretire ay di mag miss sa pagbayad ng contribution kesa don sa member na may kaparehong no. of monthly contributions pero di regular ang contribution 5 years before retirement

    1. Hi Placido,

      Ang regular remittance ng monthly contribution ay makakatulong na mapataas ang pension na tatanggapin ng isang member. Pero hindi lang ito ang basehan. Maaaring mas malaki pa din ang makuha ng hindi regular ang remittances kung mas malaki naman ang naging total contributions nito.

      MC

  6. Ask ko lng po, meron na po akong 15yrs contribution then german citizen na po ako.. Still maaavail ko pa po ba ang benefits ko like pension when 60years old na ako or burial if ever?? Thanks in advance sa reply..

      1. Ask ko lang Po Ang father ko ay 81 yrs old sinabi nya na Ng contribution sa sss nahinto sya nong ngkasakit sya Ng stroke paano Po b nmin Malalaman kng ilan na yng na contribute na hiningian kami nd authorization letter para ma check e Ang problema d n mka galaw father ko saan kmi lalapit para malaman my ma claim kaya kmi thx

      2. Hi Romeo,

        Subukan ninyong gumawa ng online SSS account para sa father mo.

        1. Mag log-on kayo sa http://www.sss.gov.ph
        2. Sa upper lefthand corner ng screen, hanapin niyo ang My.SSS. Click niyo ito.
        3. Piliin ang Registration at Member Registration

        Pagkatapos nito ay papipiliin kayo ng information na maaari ninyong gamitin para makapag register ang father ninyo. Kung wala kayong makuhang information base sa listahan (Savings Account Number / Citibank Cash Card / UBP Quick Card / UMID – ATM Saving Account Number Registered in SSS, Mobile Number Registered in SSS, UMID Card, Employer ID Number, Payment Reference Number), ay mas mabuting makipag ugnayan na kayo sa SSS at ipaliwanag sa kanila ang sitwasyon ng father ninyo.

        Kung makakagawa naman kayo ng online account niya, makikita na ninyo online kung naka ilang contributions ba siya at kung qualified siya sa mga benepisyo.

        MC

  7. Dati sa companya po ako nag work naka 118months napo ako now contenue akosa kasmbahay law magkano ang maging pension ko if…mag60ako as of now 58 ako thanks!!!

  8. Panu po ung father q eh 5 years lng hulog nia….60 na xa this year..di na po kayang mag trabaho dahil sa atritis nia.panu po iyon

  9. Good day! Ask ko lang po. Updated po ako nagbabayad ng Contribution meron nko 291 Contributions as of now for almost 24 years, un last contribution paid by the employer/employee year 2008 in the amount of almost 1,250. Noon mawalan ko trabaho pinagpatuloy ko as Voluntary, so the last nine years up to now i only paid 520-550 for monthly contribution. I still have 10 more years to get 60 years of age(retiring). Kung ipapagpatuloy ko ang hulog ng 550 prin ang ibabayad ko sa loob ng 10 yrs ay 66,000 pa ang ibabayad ko. Un 550 na ibinabayad ko ay nasa bracket lng ng MSC 5,000, so sa Straigt computation 5,000 x 40%= 2,000 lang ang magiging Monthly Pension ko. Tama po ba. Marami na ako numbers of contribution at malaki narin total amount naihulog. Pero un Monthly pension na 2,000 ay kagaya rin lang ng iba as basic pension na nagcontribute lang ng 120 months. Parang unfair po un computation. Para sa aken lang po ang fair na computation ay base sa total amount of Contribution at kung saan bracket umabot e un ang basis ng Pension, di un doon lang ako papatak sa 2,000/mo. kung ganun stop ko nlng un pagbayad ko ng Contribution for the remaining 10 yrs. Kung mag pension na ako for the remaining life 10 to 15 yrs e di sapat un pension sa lahat na naging contribution ko. Gusto ko lang po maklaro buhat sa inyo kasagutan. Marami salamat po.

    1. Hi Felicias,

      Ibig nyo po bang sabihin ay punuan ang mga buwan na hindi ninyo nahulugan ng SSS contribution?

      Ang SSS po ay hindi tumatanggap ng retroactive payments for unpaid months. Maaari niyo lamang pong ituloy ang inyong paghuhulog sa SSS hanggang ma-reach ninyo ang retiring age.

      MC

  10. How will i continue my payment naglast p 2011 ung company nagbabayad,, self employed ba mode of payment ko ngaun kc gusto ko ituloy where will i have to pay

  11. Gud pm po. 58 yrs old na po aq pwd bang magapply ulit as a member? Kc nga naging 3 po ang account ko eh pinpaayos ko po sa sss ang daming requirements na pinapakuha, ang gusto ko lang po sna mangyari kung kuha nlang aq ng panibagong account at iyon nlang po ang hulugan ko?

  12. 59 years old nPo gusto bayaran un sss meron napo ako hulog pRa.pa makapension ako pwede bayaran ko para makabuo ako ng 120 hulog? At magkapension ako?

  13. May i ask if a pensioner like my father who died last january 2017 do still have claim benefits with sss inspite of being widow and no dependent at all?

      1. Hi po! paano po un , my father died last oct. 2017 matagal din syang naging member ng sss 71-yrs. old po sya , paano po ung pension nya ? e 5 kaming magkakapatid 3 ang may asawa na, paano po mag file ng pension at sino po sa amin ang mag fa file sa pension nya ?

      2. Hi Ruben,

        Ang legal spouse ang dapat na mag file ng claim sa SSS.

        Kung wala na din ang legal spouse ng member, maaari itong ma-claim ng mga anak. Narito ang mga conditions ng SSS kung mga anak ang mag claim ng pension from the SSS:

        As to a child, he or she must be unmarried, not gainfully employed and has not reached twenty one (21) years of age, or if over twenty one (21) years of age, he is congenitally or while still a minor has been permanently incapacitated and incapable of self-support, physically or mentally to qualify as a primary beneficiary (Sec. 8 (e), R.A. No. 8282). The same qualification applies to legitimate and illegitimate children.

        Ibig sabihin, kung of legal age na ang mga anak, walang kapansanan at may kakayahang mag trabaho, hindi na sila makaka claim pa sa SSS.

        MC

  14. Hi ask ko lang po employer po yung papa ko yung regster na employe nya mama ko.my remittance po dati tapos nangyari yung from 2004-2016 d na po nakapgremit yung computation po na principal nya as of 2017 45,000 plus kaya lang yung penlaty 96,000 din mahigit.ykung bayaran namin yun lang contribution na 45k ok lang sana kaso babayaran pa namin yung penalty di naman mapupunta sa contribution ng mama ko.so saan po mapupunta yung penalty? 96k din yun.bakit ngpepenalty ang sss ng ganun kataas wla pang condonation talaga.anong gagawin ng sss sa pera kung sakali.

  15. ask ko lang, i’m going to file a retirement application on April 17, 2017. I have 2 minor illigitimate dependents, 16 and 12 yrs old respectively, they are using their mother surname, they are both under my care eversince. I would like to know if I could include them as dependents. Their Birth Cert. bears my name signature.

  16. Nag over payment po ako sa aking loan.13500 po ang naloan ko nung una, ngrenew po ako after 12 months, ang nkuha ko po ay 16000, bnawas po dito yung loan balance ko pero, nung matotal ko po yung actual posted payment ko and deduction frm my new loan is sobra po ng mhigit 3k, ano po ang aking gagawin? Thanks

  17. Ask ko lang f ano po pwede kong gawin,kc di ko po nabayaran ung month of sept nd oct,nung babayaran ko na po sana sa bayad center ayaw na raw po tanggapin,san po ako pwedeng pumunta? Ano po ba dapat kong gawin…

  18. straight po n 3 years lng nhulog ko ko at may loan p ako 1year or 50% lng ng loan ang naihulog ko mag kk pension kaya ako after retirement age ko

  19. Hi po how to verify all my contributions po mula pa noong year 2000 ako nag umpisa nag work kinaltasan ako noon ng company nmin tpos nahinto after 9m0s tpos na continue uli after 2002 kc nag work uli ako after po 2002 hindi ko na nsipagpatuloy contributions ko bali naputol po ang pag hulog sa sss tpos nung year 2010 nag continue ulit ako ng hulog tpos po last year n this year nahinto na nman po…

  20. 64 yrs old napo ako,nakapaghulog napo ako ng may 1 yr as voluntary,puede ko po ituloy ang kulang ko pang months para magkapension ako?

    1. Hi Emma,

      May dalawa po kasing batayan ang SSS para ma-determine kung qualified na kayo sa SSS pension:

      a. You are 60 years old and are no longer working or have ceased to be self-employed. You have made at least 120 monthly contributions before the semester of retirement.

      b. You are 65 years old – may be employed or not – and have made at least 120 monthly contributions before the semester of retirement.

      Dati po ba kayong employed? Naka ilang hulog po kayo sa SSS ninyo nung employed pa kayo? Naka buo po ba kayo ng 120 monthly contributions or more?

      Pwede po kayong mag tungo sa pinaka malapit na SSS branch para ma-review ang inyong records. Sila din po ang makakapag sabi sa inyo ng pinaka mahusay na paraan para makapag pension mula sa SSS.

      MC

  21. Gusto n po nmen byaran ung sss ng byenan ko.. para makapensyon n po sya kac 65 n siya. Magkano pa kaya bbyran nmen para mkatanggap n siya ng pensyon monthly?? Tapos pagnakapaghulog n po kami ilang months bago niya matanggap pensyon niya? Sana may response.. tnx in advance

  22. nag pa opera po ako ng ovarian cyst, ask ko lang po if saan ko ito i file sa sickness ba o sa disability….51 yo na po ako at 20 years na po ako nag huhulog sa sss,,,then last 2009 nag stop ako ng hulog 20 years…then itong 2016 jan until july continue ko po ang pag huhulog…ask ko lang is qualified ba ako sa sickness o dis ability may makuha ba ako? nag pa opera po ako nitong june 28 2016.

  23. Nag-migrate po kami ng family ko sa US. Bago po ito, mahigit 10 years din po akong naghulog ng contributions ko. Makukuha ko pa rin po ba ang retirement pay ko? Hindi pa po ako US citizen. Malaking tulong po ang magiging tugon nyo. Salamat po.

  24. minimum monthly payment SSS contribution, magkano kaya pension ko kada buwan? patapos na ako magbayad this year, pero magka pension ako tagal pa..

  25. why us there a calculation that says 2400Php, is it the maximum allowable monthly pension for a retiree? The article said whichever is higher, so does it mean 2400Php is the highest monthly pension?

  26. Hello ask k lng if pano ang pgprocess ng loan i have 6years in SSS n pghulog thru Security Agencies b4 emmerate Securty now is SWAG S.A na til now tuloy ang kaltas mnthly s akin pero nag inquire po aq at kkuha sana ng copy ng hinolog ng Agency k pero hnd nila aq binibigyan ano po kya ggawin ko tnx a lot.

  27. hi po ask ko lng po currently ngavail po me ng partial disability since age of 51 yrs old now I’m 54 yrs old npo and just wandering if pag ng 60 yrs old npo ba ako mababawas sa retirement ko ang partial disability na natatangap me?

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