The SSS contribution schedule is based on the member’s Monthly Salary Credit (MSC), with both employers and employees sharing the payment. Here’s a breakdown of how it works:
- For Employed Members: The employer contributes 8.5% of the MSC, while the employee contributes 4.5%.
- For Self-employed/Voluntary Members: The contribution is fully shouldered by the member based on their chosen MSC.
- OFWs: Overseas Filipino Workers can also choose their MSC and are responsible for the full contribution. Contribution rates are regularly updated, so it’s important to stay informed about any changes in rates or schedules.
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