This tool estimates your Regular SSS retirement pension using the standard SSS formulas
based on your Average Monthly Salary Credit (AMSC) and Credited Years of Service (CYS).
Results are for guidance only and may differ from official SSS computations and your
actual contribution records.
SSS Pension Calculator
The SSS Pension Calculator helps members of the Social Security System (SSS) in the Philippines estimate their future pension benefits. The SSS provides financial security during retirement, maternity, sickness, disability, and death. To understand how to compute SSS contribution, remember that it depends on the employee’s monthly salary—15% in total, with 10% contributed by the employer and 5% by the employee.
It’s the best time for Filipinos to contribute to the Social Security System and secure their future with confidence. With the help of the SSS pension calculator based on contribution, they can easily plan their retirement and look forward to a comfortable life at home. The SSS also provides essential support during times of need, such as disability, maternity, and death benefits.
Does SSS Pension Calculator work for all programs?
Yes, the Social Security System calculator works for estimating the benefits of various programs. The given list of programs is calculated by the SSS retirement calculator.
- Retirement Pension
Your estimated monthly retirement pension is calculated according to your contributions and the service years.
- Sickness Benefits
The Sickness Benefits of a person are calculated that he/she is going to receive per year for 120 days
- Maternity Benefits
The maternity benefits are those benefits that you can receive during your maternity period.
- Disability Benefits
Unfortunately, in the case of disability, you can also get disability benefits that are calculated.
- Death Benefits
In case of your death, your beneficiary can get the death benefit.
- Funeral Benefits
The funeral benefits are provided to the person who conducts your funeral services to facilitate them. This is also calculated by the SSS calculator.
- Salary Loan
If you need some amount on loan, then you can also calculate it using by SSS Pension Calculator. You can estimate the amount that you can get a loan.
This contribution is automatically deducted from the salary of regular employees and other self-employed employees who voluntarily pay the contributions by themselves. Later on, these funds are provided to them in the form of insurance, retirement, and other forms. So all Philippine Businesses must contribute to the SSS for the better future of their employees. Besides, these employees are also offered to contribute to SSS according to their job positions.
Who Is Eligible for SSS Retirement Benefits?
The Social Security System (SSS) provides retirement benefits to all employees and workers in the Philippines, helping them ensure financial security for themselves and their families in the years ahead. Anyone qualified under the program can compute their benefits using the SSS retirement calculator and enjoy the following SSS retirement benefits:
- Private Employees
All the persons who work in the private sector are included. Whether they are involved in a small-scale or a large-scale business they are covered by SSS Benefits.
- Self-EmployedPerson
Those persons who are not involved in any kind of private sector and do their own work or operate their own businesses like freelancing, entrepreneur consultants etc. Those persons are also covered by SSS Benefits.
- Household Helpers and Domestic Workers
Those persons who are involved in household and domestic work like child care and household choresare linked with the private sector and get the SSS benefit too. These persons include maids, cooks, nannies, gardeners and many more.
- Drivers and Operators of Public Utility Vehicles
Such Philippines operate public transport like buses, jeeps, taxis etc. They are also granted SSS benefits according to their services and the nature of their jobs.
How To Compute SSS Pension?
You can quickly compute your SSS Retirement Benefits using the SSS calculator or by following these simple steps.
- Calculate Average Monthly Salary Credit (AMSC)
From the record of your SSS contributions, get the record of your last 60 months’ contributions and add them. After adding, divide it by 60 to get your average monthly salary credit (AMSC).
- Calculate Credit Year of Service (CYS)
Again check your SSS contributions records and count the no of years you have made contributions to the Social Security System. That is yours CYS.
- Use the SSS Retirement Benefits Formula
There are three Formulas to calculate the SSS Retirement Benefits. Use all those Formulas and get the estimated pension amount.
- Choose Highest
The highest among these amounts that are calculated by the Formulas is your SSS Retirement Benefits amount.
Formulas for SSS Pension Computation
The following are the three Formulas that are used for calculating the SSS Pension;
- Formula 1
300 + (20% × AMSC)+ (2% × AMSC) × (CYS – 10)
- AMSC is the Average Monthly Salary Credit
- CYS is the Credited Year of Service.
Example: Assume your AMSC is P24,000 and your CYS is 35 years , then your SSS Pension is;
= 300 + (20% × P24,000) + (2% × P24,000) × (35 – 10)
= 300 + (0.2 × P24,000) + (0.02 × P24,000) × 25
= 300 + P4800+ P480 × 25
=P17,100
- Formula 2
40% ×AMSC
- Hence AMSC is the Average Monthly Salary Credit.
Example: let your AMSC is P20,000, so your SSS pension is;
= 40% × P20,000
=0.4 × P20,000
=P8,000
- Formula 3
If the CYS is at least 10 years, then P1,200, and if the CYS is at least 20, then P2,400. Hence, CYS is the Credited Year of Service.
What Is AMSC in SSS?
According to the Social Security System, AMSC is the Average Monthly Salary Credit. It is the Average of your contributions that you make in the last 60 months. AMSC is the basis for calculating the SSS Retirement Benefits. AMSC affects your pension. If you have a higher AMS, then you have a higher pension and vice versa.
How to calculate AMSC?
AMSC is easily calculated if you have your SSS contributions records. Follow these steps and calculate your Average Monthly Salary Credit.
- Gather the contributions data of your SSS (Social Security System) for the last 60 months.
- Add up the contributions that you have made in the last 60 days.
- Now divide your sum of contributions by 60 to get the Average.
- The number that you get asa result of this calculation is your AMSC.
How to use SSS Pension Calculator Online?
Follow these steps to use the SSS Calculator Online;
- Visit SSS Official Website
Pick up your mobile phone and connect to a stable Internet connection. Open your Chrome and search for the SSS Official Website or directly click on this link and navigate to the SSS Website: https://www.sss.gov.ph/.
- Locate Pension Calculator
Now search for a pension calculator. Scroll down and you find the Calculator icon with the statement “Check Out the Pension Calculator,” and click it. There are two boxes, “SSS Contribution” and “Voluntary Contributions”. Just read and get the details, and click the below blue box “Proceed” button.
- Input Details
On clicking the proceed, you navigate to the next page where you are asked for some details like your age and monthly income/salary. Choose the estimated monthly pension box and input your desired monthly pension. Scroll down and press the “Click to Calculate” blue button.
- Get your Estimated Pension
In a few seconds, you get your Estimated Pension with all the contributions and other details. You can also get the summary of your pensionby clicking on the summary. The summary contains all the details like total Contributions, Contributions per year and many more.
SSS Retirement Benefits
The Social Security System facilitates the old, maternity, disabled and needy persons of the Philippines by providing the Retirement Benefits. This benefit is provided in the form of cash to the needy. The benefit is given monthly or in the form of a lump sum to those who are unable to work due to age or some other issues.
Types of Retirement Benefits
SSS (Social Security System) provide two types of Retirement Benefits that are following;
- Monthly Pension
A monthly pension is paid to those SSS members who have paid at least 120 monthly contributions before retirement. Those members secure their future with the present. Now at that time when they are unable to do something, they get their pension and spend their life smoothly.
- Lump Sum Benefits
A lump sum benefit is paid to those retired members who didn’t pay their 120 monthly contributions before retirement. So a one-time cash is paid to them that includes their monthly contributions and interests.
Pension Calculation Mistakes to Avoid
While calculating the pension we make some common mistakes that are listed below with their solution;
- Wrong salary base of AMSC
Often we use our monthly salary for AMSC which is incorrect so use your estimated 60 months’ contributions for correct results.
- Not understand AMSC Formula
Many Retired persons are unaware of the correct AMSC Formula and use the incorrect formula. So use the write way that is the sum of your last 60 months’ contributions. And then divide by 60 to get an accurate AMSC.
- Earning Records are not verified:
Some pension holders are unaware of their contribution records and use estimated amounts that disturb your calculation. Trying to verify all your contributions so that you get the entitled pension too.
- No Estimation of pension benefits before retirement
Sometimes applicants don’t estimate the pension benefits and apply for it. In this way they are unable to estimate the correct time for getting the pension and miss some benefits. Before applying for a pension, estimate your pension and get it according.
- No knowledge of SSS Retirement Calculation
Some of the applicants try to calculate their pension manually and make some mistakes, like calculation errors or wrong formulas, etc. So it’s better to use the online calculator to save time and get accurate data.
Who can perform SSS contributions?
The Philippines can make the SSS Contributions.
- Regular Employers and Employees
The contributions of the regular employers and employees are deducted from their salaries. According to the SSS contribution rates, out of 14%, 9.5%of the employee’s goes to SSS contributions while the remaining 4.5% goes from the employee credit.
For those who are self-employed or contributing on a voluntary basis, the SSS pension calculator for voluntary members provides an easy way to plan their retirement and understand how much pension they can expect.
- Self Employed
The self-employed members also need to pay the SSS contributions. They also have to contribute the same 14% of their earnings. However, the self-employed have no employer who contributes on his/ her behalf, so they have to pay alone.
- Volunteer and non-working Spouses
Contribution for the volunteer and non-working spouse are the same as the employed one. They have used to make a contribution of 14 % of their Monthly Salary Credit (MSC). Volunteer MSC depends on the monthly income, whereas non-working spouse MSC is based on 50% of the earnings of the working spouse.
- Overseas Filipino Workers
Those Filipinos who are working abroad in any sector. SSS provides them a secure network for them and their families who are settled back. So they also have to contribute 14 % of their Monthly Salary Credit. They can make their feature-securing contributions online through the online banking and remittance Centre etc.
Frequently Asked Questions
How much is the maximum SSS pension?
The maximum SSS pension is calculated based on the applicant's Average Monthly Salary Credit (AMSC) and the Credited Year of Service (CYS). Accurate get both of them and calculate the maximum SSS pension.
How Many Contributions to Avail SSSPension?
To Avail of the Monthly pension from SSS, you have to pay contributions for 120 months, which are 10 years before retirement. After that, you get a Monthly Pension.
How Much Pension Will I Get from SSS After 10 Years?
If you contribute for 10 years before retirement, then you can get the monthly pension. Your monthly pension is based on your Average Monthly Salary Credit (AMSC), Credited Years of Service (CYS), and the pension Formula. You can get a minimum pension of P1,200 and more on the basis of your services and salary.
What Is SSS Pension Booster?
SSS Pension Booster is a Philippine program that helps the elderly increase or boost their saving amount of pensions before retirement. So by the pension Booster, the SSS member can easily increase the pension amount that they are saving.
The Social Security System (SSS) in the Philippines helps residents build pension savings throughout their working years. All companies in the country are registered under SSS, with both employers and employees required to contribute. Additionally, self-employed individuals, overseas Filipino workers, volunteers, and non-working spouses can also make contributions based on their Average Monthly Salary Credit (AMSC) and Credited Years of Service. To estimate their future pension benefits, members can use the SSS Pension Calculator or compute the amount manually. Start contributing today to secure a stable and worry-free future.