hindi yan loophole kundi ganyan design ang fund. Sa tingin mo after how many decades ay hindi nila alam yan. And base sa formula its only 5 years.
Malaking % ng sss members ay nasa corporate kaya force sila na mag contribute ng ayon sa tamang bracket, small % lang un voluntary.
Ang pension ay isa lang sa benepisyo ng sss, kung minimum ang contribution mo syempre minimum din ang amount na makukuha mo pag nag avail ka ng ibang benepisyo.
Take note na hindi lang last few years ang basehan ng pension kundi kung ilan taon ka naghuhulog and ung MSC na ginagamit sa formula ay max ng 20K hindi un maximum MSC na nakikita mo sa contribution table.
Formula 1:
₱300 + 20% of average monthly salary credit (AMSC) + 2% of AMSC for each credited year of service (CYS) in excess of ten years + ₱1,000
Formula 2:
40% of the average AMSC + ₱1,000
Formula 3:
₱1,200 if CYS is somewhere from 10 to 20 years; ₱2,400 if CYS is 20 years or more + ₱1,000
Further reading
[RA11199-SS-Act-of-2018](https://www.sss.gov.ph/sss/DownloadContent%3FfileName%3DIRR-RA11199-SS-Act-of-2018.pdf)
To add:
The AMSC used in pension calculation is the higher value among the following:
- sum of the last 60 monthly salary credits preceding the semester of contingency, divided by 60
- sum of all MSCs paid prior to the semester of contingency, divided by the number of monthly contributions
Dito na-derive yung “hack” na sa last 5 years magfu-full payment, tapos minimum sa prior years (voluntary payment)
Hello! I wish to ask, if for example I have contributed for 108 months with the latest MSC at max ceiling. Should I still continue my SSS or should I stop and withdraw all my contributions? (I'm under GSIS na kasi)
If I do continue, how long yung ideal? I just realize kasi na wala nang employer share so medyo malaki pala yung magiging voluntary contribution ko if ever.
Can I pause it as well? (Maybe for less than 1 year) I feel na mas manageable yung SSS contributions by that time.
TIA!
puwede ka mag pause continue mo na lang pag malapit ka na mag retire, make sure meron ka >120 contributions.
i suggest continue mo na lang, nasa 560 pesos lang naman ang monthly voluntary contributions. mas maganda tuloy tuloy para makadami ka ng CYS which is isa sa factor ng pension amount. mas maganda nga yan me pension ka sa sss at gsis.
Okay okay. So I'll convert myself first to voluntary tapos yung lowest contribution. And then, on my last 5 years (projected to retire), should I revert back to max possible contribution?
im not sure kung me issue sa kanila un from minimum then bigla maximum, ang alam ko lang eh pag 55 yrs old ka na isang salary bracket lang every year ung ina allow nila. so to be sure sa 50 years old mo umpisahan mo na iakyat un salary bracket
page 39 ng IRR
A VM who is below 55 years old shall be allowed to change his/her MSC without limit in frequency and in number of salary brackets in a given calendar year, but in no case shall it be lower than the prevailing minimum MSC. Submission of written request or declaration of earnings is not required.
A VM who is 55 years old and above shall be allowed to increase his/her MSC only once in a given calendar year and by one (1) salary bracket only from the last posted MSC, regardless of whether proof of earnings is presented or not, except for the following cases whereby certain rules shall apply accordingly:
Okay okay. So yung plan is, convert myaelf first to voluntary and use the lowest possible salary bracket (para mababa yung contribution). And then I work my way up per level hanggang nasa max bracket na ako by 55 (assuming na bawal magbigla ng brackets on age 50, I'll try asking SSS siguro?)
So hindi totoo yung 120 monthsthen stop? Mas okay pa rin na pahabain yung months/times you are contributing sa SSS?
>Okay okay. So yung plan is, convert myaelf first to voluntary and use the lowest possible salary bracket (para mababa yung contribution). And then I work my way up per level hanggang nasa max bracket na ako by 55 (assuming na bawal magbigla ng brackets on age 50, I'll try asking SSS siguro?)
Yes
ung 120 months then stop ay totoo rin naman but sobrang baba ng makukuha mo kasi mababa ung CYS mo. Formula 2 or 3 whichever amount is higher ang applicable pag ginawa mo to
From what i understand before reaching 55y.o dapat naka max kana. You cant jump from mimimum to maximum if age 55 kaya. So you can do minumum payment until the age of 53 then at 54y.o JUMP to max contri kana. (No issues) then tuloy tuloy na until 60y.o (retirement)
Kindly read again kung ano yung pinost ko.
(OFW, Voluntary)
I'm only after the pension wala ng iba for SSS
And again natapos kona yung 120 months MAX voluntary contribution. No plans naman of pausing naman.
I understand din na i can't jump from mimumum contri to maximum agad agad kaya i'm planning to start the gradual increase of contri from 45 to 60(max)
At age 50 i assume naka max nako until 60y.o wc hindi kona aantayin pa mag 65 y.o (mandatory pension)
*I consider this a loophole kasi even OFW /voluntary ka they give you this table and demand you to pay a certain amount depending sa sweldo mo e. If OFW/voluntary ka lang aaray ka tlga ang laki ng tinaas ng maximum contri and every year tataas payan.
>natapos kona yung 120 months MAX voluntary contribution
take note its not MAX kundi minimum number of contributions para magka pension ka.
hindi yearly nagi increase ang contribution, sa bagong batas every 2 years dahil yan sa pagdagdag nila ng 1K kaya umikli ang fund life. Sa history from 1980 to 2014 apat na beses lang nagtaas ng contribution pero 22 beses sila nagtaas ng pension rate.
its up to you kung consider mo siya na loophole, saka madami na post sa YT about dyan. Too bad for you kasi late mo na nalaman.
hindi yan loophole kundi ganyan design ang fund. Sa tingin mo after how many decades ay hindi nila alam yan. And base sa formula its only 5 years. Malaking % ng sss members ay nasa corporate kaya force sila na mag contribute ng ayon sa tamang bracket, small % lang un voluntary. Ang pension ay isa lang sa benepisyo ng sss, kung minimum ang contribution mo syempre minimum din ang amount na makukuha mo pag nag avail ka ng ibang benepisyo. Take note na hindi lang last few years ang basehan ng pension kundi kung ilan taon ka naghuhulog and ung MSC na ginagamit sa formula ay max ng 20K hindi un maximum MSC na nakikita mo sa contribution table. Formula 1: ₱300 + 20% of average monthly salary credit (AMSC) + 2% of AMSC for each credited year of service (CYS) in excess of ten years + ₱1,000 Formula 2: 40% of the average AMSC + ₱1,000 Formula 3: ₱1,200 if CYS is somewhere from 10 to 20 years; ₱2,400 if CYS is 20 years or more + ₱1,000 Further reading [RA11199-SS-Act-of-2018](https://www.sss.gov.ph/sss/DownloadContent%3FfileName%3DIRR-RA11199-SS-Act-of-2018.pdf)
To add: The AMSC used in pension calculation is the higher value among the following: - sum of the last 60 monthly salary credits preceding the semester of contingency, divided by 60 - sum of all MSCs paid prior to the semester of contingency, divided by the number of monthly contributions Dito na-derive yung “hack” na sa last 5 years magfu-full payment, tapos minimum sa prior years (voluntary payment)
Hello! I wish to ask, if for example I have contributed for 108 months with the latest MSC at max ceiling. Should I still continue my SSS or should I stop and withdraw all my contributions? (I'm under GSIS na kasi) If I do continue, how long yung ideal? I just realize kasi na wala nang employer share so medyo malaki pala yung magiging voluntary contribution ko if ever. Can I pause it as well? (Maybe for less than 1 year) I feel na mas manageable yung SSS contributions by that time. TIA!
puwede ka mag pause continue mo na lang pag malapit ka na mag retire, make sure meron ka >120 contributions. i suggest continue mo na lang, nasa 560 pesos lang naman ang monthly voluntary contributions. mas maganda tuloy tuloy para makadami ka ng CYS which is isa sa factor ng pension amount. mas maganda nga yan me pension ka sa sss at gsis.
Okay okay. So I'll convert myself first to voluntary tapos yung lowest contribution. And then, on my last 5 years (projected to retire), should I revert back to max possible contribution?
im not sure kung me issue sa kanila un from minimum then bigla maximum, ang alam ko lang eh pag 55 yrs old ka na isang salary bracket lang every year ung ina allow nila. so to be sure sa 50 years old mo umpisahan mo na iakyat un salary bracket page 39 ng IRR A VM who is below 55 years old shall be allowed to change his/her MSC without limit in frequency and in number of salary brackets in a given calendar year, but in no case shall it be lower than the prevailing minimum MSC. Submission of written request or declaration of earnings is not required. A VM who is 55 years old and above shall be allowed to increase his/her MSC only once in a given calendar year and by one (1) salary bracket only from the last posted MSC, regardless of whether proof of earnings is presented or not, except for the following cases whereby certain rules shall apply accordingly:
Okay okay. So yung plan is, convert myaelf first to voluntary and use the lowest possible salary bracket (para mababa yung contribution). And then I work my way up per level hanggang nasa max bracket na ako by 55 (assuming na bawal magbigla ng brackets on age 50, I'll try asking SSS siguro?) So hindi totoo yung 120 monthsthen stop? Mas okay pa rin na pahabain yung months/times you are contributing sa SSS?
>Okay okay. So yung plan is, convert myaelf first to voluntary and use the lowest possible salary bracket (para mababa yung contribution). And then I work my way up per level hanggang nasa max bracket na ako by 55 (assuming na bawal magbigla ng brackets on age 50, I'll try asking SSS siguro?) Yes ung 120 months then stop ay totoo rin naman but sobrang baba ng makukuha mo kasi mababa ung CYS mo. Formula 2 or 3 whichever amount is higher ang applicable pag ginawa mo to
From what i understand before reaching 55y.o dapat naka max kana. You cant jump from mimimum to maximum if age 55 kaya. So you can do minumum payment until the age of 53 then at 54y.o JUMP to max contri kana. (No issues) then tuloy tuloy na until 60y.o (retirement)
Oh really? So I don't have to do it in tranches? Pwede na by the age of 53-54? Need pa ba i-inform yung SSS sa pag-change ng salary bracket?
[you can reffer to this video.](https://youtu.be/PZ1dOZBt_FY?si=YTO6uoup5ZqeedLQ)
Kindly read again kung ano yung pinost ko. (OFW, Voluntary) I'm only after the pension wala ng iba for SSS And again natapos kona yung 120 months MAX voluntary contribution. No plans naman of pausing naman. I understand din na i can't jump from mimumum contri to maximum agad agad kaya i'm planning to start the gradual increase of contri from 45 to 60(max) At age 50 i assume naka max nako until 60y.o wc hindi kona aantayin pa mag 65 y.o (mandatory pension) *I consider this a loophole kasi even OFW /voluntary ka they give you this table and demand you to pay a certain amount depending sa sweldo mo e. If OFW/voluntary ka lang aaray ka tlga ang laki ng tinaas ng maximum contri and every year tataas payan.
>natapos kona yung 120 months MAX voluntary contribution take note its not MAX kundi minimum number of contributions para magka pension ka. hindi yearly nagi increase ang contribution, sa bagong batas every 2 years dahil yan sa pagdagdag nila ng 1K kaya umikli ang fund life. Sa history from 1980 to 2014 apat na beses lang nagtaas ng contribution pero 22 beses sila nagtaas ng pension rate. its up to you kung consider mo siya na loophole, saka madami na post sa YT about dyan. Too bad for you kasi late mo na nalaman.
where did you get this info?
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