Beyond Dawlish

The Social Security System (SSS) in the Philippines plays a crucial role in providing social protection for workers in the private sector. It offers various benefits such as retirement, disability, maternity, and sickness benefits, funded by contributions from both employees and employers. The SSS contribution table serves as a guide to determine the required monthly payments based on an individual's compensation, ensuring that both employees and self-employed members contribute fairly according to their earnings.

The SSS contribution table is divided into multiple salary brackets, with corresponding employee and employer contributions. As of the latest update, the minimum monthly salary credit is %u20B14,000, while the maximum is %u20B130,000. The contribution rate is set at 14% of the monthly salary credit, with employers covering 9.5% and employees contributing 4.5%. For voluntary and self-employed members, the full contribution rate is covered by the individual. The contributions not only support short-term needs like sickness or maternity but also long-term benefits like pensions and death claims.

Staying up-to-date with the latest contribution table is essential for both employers and employees. Employers need to ensure they remit the correct amounts, while employees should be aware of their deductions and entitlements. For freelancers, voluntary members, and overseas Filipino workers (OFWs), keeping track of contributions can ensure access to SSS benefits when needed most.