News and Updates

SSS Hike contribution rate starting January 1, 2025  

Effective January 1, 2025, the SSS contribution rate will increase up to 15% according to SSS Circulars No. 2024-006 to 2024-010 released last December 19, 2024. The adjusted contribution rate will apply to all business employers and employees, household employers and workers (kasambahay), self-employed individuals, voluntary and non-working spouse members, and land-based Overseas Filipino Worker (OFW) members.

For business employers and employees, self-employed members, voluntary members, and non-working spouse members, the minimum Monthly Salary Credit (MSC) will increase to P5,000, while the maximum MSC will be adjusted to P20,000. For household employers and workers, the minimum MSC will increase to P1,000, with the maximum also adjusted to P20,000. For land-based OFW members, the minimum MSC will increase to P8,000, with a maximum MSC of P20,000.

https://www.sss.gov.ph/.../12/CI-2024-006-Publication.pdf