{"id":31763,"date":"2025-01-21T12:05:52","date_gmt":"2025-01-21T06:35:52","guid":{"rendered":"https:\/\/akriviahcm.com\/resources\/?post_type=payroll_alerts&p=31763"},"modified":"2025-01-21T18:11:41","modified_gmt":"2025-01-21T12:41:41","slug":"revision-in-sss-contribution-rate-monthly-salary-credit-limit","status":"publish","type":"payroll_alerts","link":"https:\/\/akriviahcm.com\/resources\/global-payroll\/alerts\/revision-in-sss-contribution-rate-monthly-salary-credit-limit","title":{"rendered":"Revision in Social Security System (SSS) Contribution Rate and Monthly Salary Credit Limit"},"content":{"rendered":"
\n

Country:<\/b> Philippines<\/p>\n

Compliance category:<\/b> Social Contribution Rate Change<\/p>\n<\/div>\n

\n

Regulatory Information:<\/h2>\n

Regulation: <\/b>Social Security Act<\/p>\n

Notification\/Circular No: <\/b>Office Order No. 2024-06<\/p>\n

Notification date: <\/b>December 19, 2024<\/p>\n

Source: <\/b>Social Security Contribution Rate 2025<\/a><\/p>\n<\/div>\n

\n

Updates in Compliance:<\/h2>\n

Summary:<\/strong><\/p>\n

Pursuant to the Social Security Act of 2018, which includes provision for increasing the contribution rate, as well as adjustments to the minimum and maximum monthly salary credit (MSC) limits, the Social Security System (SSS) has issued a circular introducing the Schedule of SSS Contributions for all business employers and employees.<\/p>\n

Effective Date:<\/strong> January 01, 2025<\/p>\n

Overview of changes to SSS Contributions:<\/p>\n

\n\n\n\n\n\n\n
Particulars<\/b><\/strong><\/td>\nExisting<\/b><\/strong><\/td>\nRevised<\/b><\/strong><\/td>\n<\/tr>\n
Contribution Rate<\/b><\/strong><\/td>\n14%<\/td>\n15%<\/td>\n<\/tr>\n
Minimum MSC<\/b><\/strong><\/td>\n4000<\/td>\n5000<\/td>\n<\/tr>\n
Maximum MSC<\/b><\/strong><\/td>\n30000<\/td>\n35000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

For more details at slab level of Monthly Salary Credit please refer the source provided.<\/p>\n<\/div>\n

\n

Our Analysis:<\/h2>\n

The increase in contribution rate is designed to bolster the sustainability of the SSS fund, ensuring that it can meet future obligations to members. The adjustments in Monthly Salary Credit(MSC) reflect an effort to align contributions with the rising cost of living and inflation rates, providing better financial support for beneficiaries.<\/p>\n

Employers will now contribute a higher amount towards SSS, which may affect their payroll budgets. However, this increase is also expected to benefit employees in the long run through enhanced retirement and disability benefits.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Country: Philippines Compliance category: Social Contribution Rate Change Regulatory Information: Regulation: Social Security Act Notification\/Circular No: Office Order No. 2024-06 Notification date: December 19, 2024 Source: Social Security Contribution Rate 2025 Updates in Compliance: Summary: Pursuant to the Social Security Act of 2018, which includes provision for increasing the contribution rate, as well as adjustments […]<\/p>\n","protected":false},"author":1,"featured_media":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"countries":[717],"class_list":["post-31763","payroll_alerts","type-payroll_alerts","status-publish","hentry","countries-philippines"],"acf":[],"yoast_head":"\nRevision in Philippines SSS Contribution Rate and Monthly Salary Credit Limit<\/title>\n<meta name=\"description\" content=\"Know about the updated SSS contribution rate and MSC limits in the Philippines, effective January 2025, enhancing financial support for beneficiaries.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/akriviahcm.com\/resources\/global-payroll\/alerts\/revision-in-sss-contribution-rate-monthly-salary-credit-limit\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Revision in Philippines SSS Contribution Rate and Monthly Salary Credit Limit\" \/>\n<meta property=\"og:description\" content=\"Know about the updated SSS contribution rate and MSC limits in the Philippines, effective January 2025, enhancing financial support for beneficiaries.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/akriviahcm.com\/resources\/global-payroll\/alerts\/revision-in-sss-contribution-rate-monthly-salary-credit-limit\" \/>\n<meta property=\"og:site_name\" content=\"Akrivia HCM\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AkriviaHCM\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-21T12:41:41+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Revision in Philippines SSS Contribution Rate and Monthly Salary Credit Limit\" \/>\n<meta name=\"twitter:description\" content=\"Know about the updated SSS contribution rate and MSC limits in the Philippines, effective January 2025, enhancing financial support for beneficiaries.\" \/>\n<meta name=\"twitter:site\" content=\"@AkriviaHCM\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/global-payroll\\\/alerts\\\/revision-in-sss-contribution-rate-monthly-salary-credit-limit\",\"url\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/global-payroll\\\/alerts\\\/revision-in-sss-contribution-rate-monthly-salary-credit-limit\",\"name\":\"Revision in Philippines SSS Contribution Rate and Monthly Salary Credit Limit\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/#website\"},\"datePublished\":\"2025-01-21T06:35:52+00:00\",\"dateModified\":\"2025-01-21T12:41:41+00:00\",\"description\":\"Know about the updated SSS contribution rate and MSC limits in the Philippines, effective January 2025, enhancing financial support for beneficiaries.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/global-payroll\\\/alerts\\\/revision-in-sss-contribution-rate-monthly-salary-credit-limit#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/global-payroll\\\/alerts\\\/revision-in-sss-contribution-rate-monthly-salary-credit-limit\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/global-payroll\\\/alerts\\\/revision-in-sss-contribution-rate-monthly-salary-credit-limit#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/akriviahcm.com\\\/resources\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Revision in Social Security System (SSS) Contribution Rate and Monthly Salary Credit Limit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/#website\",\"url\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/\",\"name\":\"Akrivia HCM\",\"description\":\"Hire to Retire HCM Suite\",\"publisher\":{\"@id\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/#organization\"},\"alternateName\":\"Akriviahcm.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/#organization\",\"name\":\"Akrivia HCM\",\"url\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"\",\"contentUrl\":\"\",\"caption\":\"Akrivia HCM\"},\"image\":{\"@id\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/AkriviaHCM\",\"https:\\\/\\\/x.com\\\/AkriviaHCM\",\"https:\\\/\\\/instagram.com\\\/akriviahcm\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/akrivia-hcm\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Revision in Philippines SSS Contribution Rate and Monthly Salary Credit Limit","description":"Know about the updated SSS contribution rate and MSC limits in the Philippines, effective January 2025, enhancing financial support for beneficiaries.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/akriviahcm.com\/resources\/global-payroll\/alerts\/revision-in-sss-contribution-rate-monthly-salary-credit-limit","og_locale":"en_US","og_type":"article","og_title":"Revision in Philippines SSS Contribution Rate and Monthly Salary Credit Limit","og_description":"Know about the updated SSS contribution rate and MSC limits in the Philippines, effective January 2025, enhancing financial support for beneficiaries.","og_url":"https:\/\/akriviahcm.com\/resources\/global-payroll\/alerts\/revision-in-sss-contribution-rate-monthly-salary-credit-limit","og_site_name":"Akrivia HCM","article_publisher":"https:\/\/www.facebook.com\/AkriviaHCM","article_modified_time":"2025-01-21T12:41:41+00:00","twitter_card":"summary_large_image","twitter_title":"Revision in Philippines SSS Contribution Rate and Monthly Salary Credit Limit","twitter_description":"Know about the updated SSS contribution rate and MSC limits in the Philippines, effective January 2025, enhancing financial support for beneficiaries.","twitter_site":"@AkriviaHCM","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/akriviahcm.com\/resources\/global-payroll\/alerts\/revision-in-sss-contribution-rate-monthly-salary-credit-limit","url":"https:\/\/akriviahcm.com\/resources\/global-payroll\/alerts\/revision-in-sss-contribution-rate-monthly-salary-credit-limit","name":"Revision in Philippines SSS Contribution Rate and Monthly Salary Credit Limit","isPartOf":{"@id":"https:\/\/akriviahcm.com\/resources\/#website"},"datePublished":"2025-01-21T06:35:52+00:00","dateModified":"2025-01-21T12:41:41+00:00","description":"Know about the updated SSS contribution rate and MSC limits in the Philippines, effective January 2025, enhancing financial support for beneficiaries.","breadcrumb":{"@id":"https:\/\/akriviahcm.com\/resources\/global-payroll\/alerts\/revision-in-sss-contribution-rate-monthly-salary-credit-limit#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["https:\/\/akriviahcm.com\/resources\/global-payroll\/alerts\/revision-in-sss-contribution-rate-monthly-salary-credit-limit"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/akriviahcm.com\/resources\/global-payroll\/alerts\/revision-in-sss-contribution-rate-monthly-salary-credit-limit#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/akriviahcm.com\/resources"},{"@type":"ListItem","position":2,"name":"Revision in Social Security System (SSS) Contribution Rate and Monthly Salary Credit Limit"}]},{"@type":"WebSite","@id":"https:\/\/akriviahcm.com\/resources\/#website","url":"https:\/\/akriviahcm.com\/resources\/","name":"Akrivia HCM","description":"Hire to Retire HCM Suite","publisher":{"@id":"https:\/\/akriviahcm.com\/resources\/#organization"},"alternateName":"Akriviahcm.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/akriviahcm.com\/resources\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en"},{"@type":"Organization","@id":"https:\/\/akriviahcm.com\/resources\/#organization","name":"Akrivia HCM","url":"https:\/\/akriviahcm.com\/resources\/","logo":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/akriviahcm.com\/resources\/#\/schema\/logo\/image\/","url":"","contentUrl":"","caption":"Akrivia HCM"},"image":{"@id":"https:\/\/akriviahcm.com\/resources\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/AkriviaHCM","https:\/\/x.com\/AkriviaHCM","https:\/\/instagram.com\/akriviahcm\/","https:\/\/www.linkedin.com\/company\/akrivia-hcm\/"]}]}},"_links":{"self":[{"href":"https:\/\/akriviahcm.com\/resources\/wp-json\/wp\/v2\/payroll_alerts\/31763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/akriviahcm.com\/resources\/wp-json\/wp\/v2\/payroll_alerts"}],"about":[{"href":"https:\/\/akriviahcm.com\/resources\/wp-json\/wp\/v2\/types\/payroll_alerts"}],"author":[{"embeddable":true,"href":"https:\/\/akriviahcm.com\/resources\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":3,"href":"https:\/\/akriviahcm.com\/resources\/wp-json\/wp\/v2\/payroll_alerts\/31763\/revisions"}],"predecessor-version":[{"id":31780,"href":"https:\/\/akriviahcm.com\/resources\/wp-json\/wp\/v2\/payroll_alerts\/31763\/revisions\/31780"}],"wp:attachment":[{"href":"https:\/\/akriviahcm.com\/resources\/wp-json\/wp\/v2\/media?parent=31763"}],"wp:term":[{"taxonomy":"countries","embeddable":true,"href":"https:\/\/akriviahcm.com\/resources\/wp-json\/wp\/v2\/countries?post=31763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}