15% SSS Contribution Rate Takes Effect This Year

Beginning in January 2025, the Social Security System (SSS) has implemented the planned 15% increase in employer and member contributions.

The Social Security Act of 2018, also known as Republic Act No. 11199, provided for the increase in the contribution rate. The law would require SSS members to increase their contributions by 1% every two years, beginning at 12% in 2019 and reaching 15% in 2025.

The employee's contribution is set at 5%, while the employer's part will be 10% as of this month.

To check the updated contribution schedules showing the gradual increase from 2021 to 2025, visit the SSS Contribution Table page here: https://www.sss.gov.ph/sss-contribution-table/

“These changes are designed to strengthen the Social Security System, at magbigay ng mas magagandang benepisyo at pangmatagalang financial security para sa lahat ng miyembro,” the SSS said in its website.

Rep. Arlene Brosas, the Gabriela Women's Party-list representative and the House's assistant minority leader, denounced the SSS contribution rate hike on Friday, calling it a "cruel New Year's gift."

"This is the government's buena mano for 2025 - another round of burden for our workers. Sa halip na dagdag sahod, dagdag kaltas ang ibinigay sa mga manggagawa," Brosas stated.

(Our employees will receive greater salary deductions in lieu of higher wages.)

The SSS stated back in 2022 that the fund life had been extended to 2054 as a consequence of increased employer and member payments.

After the P1,000 increase in pension payments was put into effect in 2017, the fund life was initially anticipated to run until 2032.