SSS Computation Calculator 2018
Calculate your SSS contributions, loans, and benefits for 2018 with our accurate and up-to-date tool.
Comprehensive Guide to SSS Computation Calculator 2018
The Social Security System (SSS) in the Philippines provides a comprehensive social security protection program for workers in the private sector. Understanding how your SSS contributions are computed is crucial for maximizing your benefits. This guide will walk you through everything you need to know about the SSS computation calculator for 2018.
Understanding SSS Contributions in 2018
The SSS contribution rate in 2018 was set at 11% of the monthly salary credit (MSC), shared between the employer and employee. Here’s the breakdown:
- Employer’s share: 7.37% of the MSC
- Employee’s share: 3.63% of the MSC
- Total contribution: 11% of the MSC
The monthly salary credit is determined based on the range where your actual monthly salary falls. For 2018, the minimum MSC was ₱1,000 and the maximum was ₱20,000.
| Range of Compensation (₱) | Monthly Salary Credit (₱) | Social Security (SS) Contribution |
|---|---|---|
| 999.99 and below | 1,000 | 110.00 |
| 1,000 – 1,249.99 | 1,250 | 137.50 |
| 1,250 – 1,749.99 | 1,750 | 192.50 |
| 1,750 – 2,249.99 | 2,250 | 247.50 |
| 2,250 – 2,749.99 | 2,750 | 302.50 |
| 2,750 – 3,249.99 | 3,250 | 357.50 |
| 3,250 – 3,749.99 | 3,750 | 412.50 |
| 3,750 – 4,249.99 | 4,250 | 467.50 |
| 4,250 – 4,749.99 | 4,750 | 522.50 |
| 4,750 – 5,249.99 | 5,250 | 577.50 |
| 5,250 – 5,749.99 | 5,750 | 632.50 |
| 5,750 – 6,249.99 | 6,250 | 687.50 |
| 6,250 – 6,749.99 | 6,750 | 742.50 |
| 6,750 – 7,249.99 | 7,250 | 797.50 |
| 7,250 – 7,749.99 | 7,750 | 852.50 |
| 7,750 – 8,249.99 | 8,250 | 907.50 |
| 8,250 – 8,749.99 | 8,750 | 962.50 |
| 8,750 – 9,249.99 | 9,250 | 1,017.50 |
| 9,250 – 9,749.99 | 9,750 | 1,072.50 |
| 9,750 – 10,249.99 | 10,250 | 1,127.50 |
| 10,250 – 10,749.99 | 10,750 | 1,182.50 |
| 10,750 – 11,249.99 | 11,250 | 1,237.50 |
| 11,250 – 11,749.99 | 11,750 | 1,292.50 |
| 11,750 – 12,249.99 | 12,250 | 1,347.50 |
| 12,250 – 12,749.99 | 12,750 | 1,402.50 |
| 12,750 – 13,249.99 | 13,250 | 1,457.50 |
| 13,250 – 13,749.99 | 13,750 | 1,512.50 |
| 13,750 – 14,249.99 | 14,250 | 1,567.50 |
| 14,250 – 14,749.99 | 14,750 | 1,622.50 |
| 14,750 – 15,249.99 | 15,250 | 1,677.50 |
| 15,250 – 15,749.99 | 15,750 | 1,732.50 |
| 15,750 – 16,249.99 | 16,250 | 1,787.50 |
| 16,250 – 16,749.99 | 16,750 | 1,842.50 |
| 16,750 – 17,249.99 | 17,250 | 1,897.50 |
| 17,250 – 17,749.99 | 17,750 | 1,952.50 |
| 17,750 – 18,249.99 | 18,250 | 2,007.50 |
| 18,250 – 18,749.99 | 18,750 | 2,062.50 |
| 18,750 – 19,249.99 | 19,250 | 2,117.50 |
| 19,250 – 19,749.99 | 19,750 | 2,172.50 |
| 19,750 and above | 20,000 | 2,200.00 |
How to Use the SSS Computation Calculator 2018
Our calculator simplifies the process of determining your SSS contributions and potential benefits. Here’s how to use it effectively:
- Enter your monthly salary: Input your actual monthly salary in Philippine pesos. The calculator will automatically determine your monthly salary credit based on the 2018 SSS contribution table.
- Select your employment type: Choose whether you’re employed, self-employed, a voluntary member, or an OFW. This affects how your contributions are calculated.
- Choose contribution type: Select between regular contribution or advance payment if you’re paying ahead.
- Loan information (optional): If you have an SSS loan, enter the amount and select the loan term to see your monthly amortization.
- Click Calculate: The calculator will process your information and display your contribution breakdown and potential benefits.
Understanding Your SSS Benefits in 2018
The SSS provides several types of benefits to its members. Here’s what you need to know about each benefit type based on 2018 rules:
1. Sickness Benefit
The sickness benefit is a daily cash allowance paid for the number of days a member is unable to work due to sickness or injury. In 2018:
- Must have paid at least 3 monthly contributions within the 12-month period before the semester of sickness
- Must have used up all company sick leaves with pay for the current year
- Must have notified the employer (for employed members) or SSS directly (for self-employed/voluntary members)
- Benefit is 90% of the average daily salary credit
- Maximum of 120 days in one calendar year
2. Maternity Benefit
The maternity benefit is a daily cash allowance granted to a female member who is unable to work due to childbirth or miscarriage. In 2018:
- Must have paid at least 3 monthly contributions within the 12-month period before the semester of childbirth
- Must have notified the employer (for employed members) or SSS directly (for self-employed/voluntary members)
- Benefit is 100% of the average daily salary credit
- 60 days for normal delivery or miscarriage, 78 days for caesarean section
- Can be advanced by the employer and later reimbursed by SSS
3. Disability Benefit
The disability benefit is a cash benefit granted to a member who becomes permanently disabled, either partially or totally. In 2018:
- Must have paid at least 1 monthly contribution for total disability, or 36 monthly contributions for partial disability
- Must be certified by an SSS-accredited physician
- For total permanent disability: monthly pension plus ₱500 supplemental allowance
- For partial permanent disability: lump sum amount based on the degree of disability
4. Retirement Benefit
The retirement benefit is a cash benefit paid to a member who can no longer work due to old age. In 2018:
- Must be at least 60 years old (optional retirement) or 65 years old (mandatory retirement)
- Must have paid at least 120 monthly contributions prior to the semester of retirement
- Monthly pension is the higher of:
- ₱1,200 if with less than 10 credited years of service (CYS)
- ₱2,400 if with at least 10 CYS
- ₱1,000 plus ₱200 for each CYS in excess of 10
- 40% of the average monthly salary credit
- Can be received as monthly pension or lump sum (if less than 60 months of contributions)
5. Death Benefit
The death benefit is a cash benefit paid to the beneficiaries of a deceased member. In 2018:
- Primary beneficiaries (spouse and dependent children) receive monthly pension
- Secondary beneficiaries (parents) receive lump sum
- Must have paid at least 36 monthly contributions for monthly pension, or at least 1 monthly contribution for lump sum
- Monthly pension is the higher of:
- ₱1,000 plus ₱200 for each CYS in excess of 10
- 40% of the average monthly salary credit
- Minimum monthly pension is ₱1,000
- Funeral benefit of ₱20,000 is also provided
6. Loan Privileges
SSS offers two main types of loans to its members:
- Salary Loan: A short-term loan granted to an employed, currently-paying self-employed or voluntary member. In 2018:
- 1-month loan: equivalent to the average of the member’s latest 12 monthly salary credits, rounded to the next higher MSC
- 2-month loan: twice the average of the member’s latest 12 monthly salary credits, rounded to the next higher MSC
- Interest rate of 10% per annum
- Payable in 24 monthly installments
- Calamity Loan: A loan granted to members who reside or work in areas declared under a state of calamity. In 2018:
- Equivalent to one month salary credit
- Interest rate of 10% per annum
- Payable in 24 monthly installments
- Must have at least 36 monthly contributions, 6 of which should be within the last 12 months before the month of filing
SSS Contribution Rates for Different Member Types (2018)
The contribution rates vary depending on the type of membership. Here’s a breakdown of the 2018 rates:
| Member Type | Total Contribution Rate | Employer Share | Employee Share | Self-Employed/Voluntary Share |
|---|---|---|---|---|
| Employed | 11% | 7.37% | 3.63% | N/A |
| Self-Employed | 11% | N/A | N/A | 11% |
| Voluntary Member | 11% | N/A | N/A | 11% |
| OFW | 11% | N/A | N/A | 11% |
| Non-Working Spouse | 11% | N/A | N/A | 11% (but only 50% of the spouse’s MSC) |
Common Questions About SSS Computations in 2018
Here are answers to some frequently asked questions about SSS computations:
1. How is the monthly salary credit determined?
The monthly salary credit is determined based on the range where your actual monthly salary falls. The SSS uses a schedule of compensation ranges and corresponding salary credits. For example, if your actual salary is ₱15,500, your monthly salary credit would be ₱15,750 (as per the 2018 table).
2. Can I pay more than the required contribution?
Yes, you can pay more than the required contribution to increase your monthly salary credit, which will in turn increase your potential benefits. This is particularly useful for self-employed and voluntary members who want to maximize their future benefits.
3. What happens if I miss a contribution?
If you miss a contribution, you can pay for the missed months through the SSS’s advance payment or retroactive payment programs. However, there may be penalties for late payments. It’s important to keep your contributions up-to-date to maintain your eligibility for benefits.
4. How are SSS benefits calculated?
Most SSS benefits are calculated based on your average monthly salary credit and your number of credited years of service. The exact formula varies depending on the type of benefit. For example:
- Sickness benefit: 90% of your average daily salary credit
- Maternity benefit: 100% of your average daily salary credit
- Retirement pension: The higher of ₱1,200 (if with less than 10 CYS), ₱2,400 (if with at least 10 CYS), or 40% of your average monthly salary credit
5. Can I still claim benefits if I stop paying contributions?
For most benefits, you need to have paid a certain number of contributions within a specific period before the semester of contingency (sickness, maternity, disability, etc.). However, once you’ve met the qualifying conditions (like 120 contributions for retirement), you can stop paying and still claim your retirement benefit when you reach the retirement age.
Tips for Maximizing Your SSS Benefits
To get the most out of your SSS membership, consider these strategies:
- Pay the maximum contribution: If possible, pay based on the maximum salary credit (₱20,000 in 2018) to maximize your future benefits.
- Keep your contributions updated: Regular payments ensure you meet the qualifying conditions for benefits when you need them.
- Take advantage of advance payments: Paying in advance can help you maintain your eligibility even during periods of unemployment or reduced income.
- Understand the benefit formulas: Knowing how benefits are calculated can help you plan your contributions strategically.
- Use the SSS website and mobile app: These tools can help you monitor your contributions and benefits.
- Consider voluntary contributions: If you’re not employed, voluntary contributions can help you maintain your SSS coverage.
- Plan for retirement: Start thinking about your retirement benefits early and make sure you’ll meet the contribution requirements.
Important SSS Updates and Changes After 2018
While this guide focuses on the 2018 SSS computation rules, it’s important to note that the SSS regularly updates its contribution rates and benefit structures. Some significant changes after 2018 include:
- 2019: The contribution rate increased to 12% (from 11% in 2018), with the maximum salary credit increasing to ₱20,000.
- 2021: The SSS implemented a new contribution schedule with higher rates (13% in 2021, increasing by 0.5% annually until reaching 15% in 2025).
- 2021: The maximum salary credit was increased to ₱25,000.
- 2023: The SSS introduced the Unemployment Insurance (UI) benefit for involuntarily separated members.
- 2023: The contribution rate reached 14%, with plans to increase to 15% by 2025.
These changes mean that the computation methods and benefit amounts have evolved since 2018. Always check the latest SSS circulars or consult with an SSS representative for the most current information.
Case Study: SSS Computation for a ₱20,000 Monthly Salary in 2018
Let’s walk through a practical example of how SSS contributions and benefits would be computed for an employee earning ₱20,000 per month in 2018:
- Determine the Monthly Salary Credit (MSC):
- Since ₱20,000 is the maximum in the 2018 table, the MSC is ₱20,000.
- Calculate the contributions:
- Total contribution: 11% of ₱20,000 = ₱2,200
- Employer’s share: 7.37% of ₱20,000 = ₱1,474
- Employee’s share: 3.63% of ₱20,000 = ₱726
- Potential Sickness Benefit:
- Average Daily Salary Credit (ADSC) = MSC ÷ 30 = ₱20,000 ÷ 30 ≈ ₱666.67
- Daily Sickness Benefit = 90% of ADSC = 90% × ₱666.67 ≈ ₱600
- For 14 days of sickness: ₱600 × 14 = ₱8,400
- Potential Maternity Benefit:
- Daily Maternity Benefit = 100% of ADSC = ₱666.67
- For normal delivery (60 days): ₱666.67 × 60 ≈ ₱40,000
- Potential Retirement Benefit (after 20 years of contributions):
- Average Monthly Salary Credit (AMSC) = ₱20,000 (assuming consistent maximum contributions)
- Monthly Pension = 40% of AMSC = 40% × ₱20,000 = ₱8,000
- Plus ₱1,000 + (₱200 × 10 excess years) = ₱3,000
- Total Monthly Pension = ₱8,000 (higher amount is used)
This example illustrates how contributing at the maximum level can significantly increase your potential benefits.
Common Mistakes to Avoid with SSS Computations
When dealing with SSS computations, members often make these common mistakes:
- Using actual salary instead of salary credit: Benefits are based on the salary credit, not your actual salary. Always refer to the SSS contribution table.
- Ignoring contribution deadlines: Late payments may affect your benefit eligibility. Pay contributions on time to avoid penalties.
- Not updating personal information: Ensure your contact details and employment status are always updated with SSS to avoid issues with benefit claims.
- Assuming all benefits are automatic: Some benefits require active application and documentation. Don’t assume you’ll automatically receive benefits when needed.
- Not keeping contribution records: Always keep records of your payments and SSS transactions for future reference.
- Overlooking loan repayment obligations: Failure to repay SSS loans can affect your future benefit claims and loan eligibility.
- Not understanding the difference between MSC and actual salary: Your benefits are based on your MSC, not your actual salary, which can be higher.
Alternative Tools for SSS Computations
While our calculator provides accurate computations for 2018, here are some alternative tools and methods you can use:
- SSS Mobile App: The official SSS mobile app allows you to check your contributions and compute potential benefits.
- SSS Website Calculator: The SSS website offers various online calculators for contributions and benefits.
- Excel Spreadsheets: You can create your own spreadsheet using the SSS contribution tables and benefit formulas.
- Financial Advisors: Consult with a financial advisor who specializes in Philippine social security benefits.
- SSS Branches: Visit your local SSS branch for personalized assistance with your computations.
Legal Basis for SSS Computations in 2018
The computation methods used by SSS in 2018 were based on several legal documents:
- Republic Act No. 8282 (Social Security Act of 1997): The primary law governing the SSS, which established the contribution rates and benefit structures.
- Republic Act No. 11199 (Social Security Act of 2018): This law, signed in February 2019, introduced several amendments to RA 8282, including increased benefits and contribution rates (though most changes took effect after 2018).
- SSS Circulars: Various circulars issued by SSS in 2018 provided specific guidelines for that year’s computations, including contribution tables and benefit calculations.
- Implementing Rules and Regulations: The IRRs for the Social Security Act provide detailed rules for implementing the law’s provisions.
Understanding the legal basis can help you better comprehend why computations are done in a particular way and what rights you have as an SSS member.
Comparing SSS with Other Social Security Systems
It’s interesting to compare the Philippine SSS with social security systems in other countries:
| Country | Contribution Rate (2018) | Retirement Age | Minimum Contributions for Pension | Pension Replacement Rate |
|---|---|---|---|---|
| Philippines (SSS) | 11% | 60 (optional), 65 (mandatory) | 120 months | 40% of average salary credit |
| United States (Social Security) | 12.4% (6.2% each for employer and employee) | 62-70 (full retirement at 66-67) | 40 credits (about 10 years) | About 40% for average earners |
| United Kingdom (National Insurance) | 12% (employee), 13.8% (employer) | 66 (rising to 67 by 2028) | 35 qualifying years | About 25-30% of earnings |
| Singapore (CPF) | 20% (employee), 17% (employer) | 65 | Varies by account type | Varies (lump sum system) |
| Japan (Kosei Nenkin) | 18.3% (shared) | 65 | 25 years | About 40% of average salary |
This comparison shows that the Philippine SSS has relatively lower contribution rates compared to some countries, though the benefit replacement rates are generally similar to international standards.
Future of SSS: What to Expect Beyond 2018
Since 2018, the SSS has undergone several changes and is expected to continue evolving. Here’s what members can expect:
- Increasing contribution rates: The contribution rate has been gradually increasing from 11% in 2018 to a planned 15% by 2025 to ensure the fund’s sustainability.
- Higher salary credits: The maximum salary credit has increased from ₱20,000 in 2018 to ₱25,000 in 2021, with potential for further increases.
- Expanded benefits: New benefits like unemployment insurance have been introduced, and existing benefits are being enhanced.
- Digital transformation: SSS is investing in digital systems to improve service delivery and make transactions more convenient for members.
- Stricter compliance: There’s an increasing focus on ensuring all eligible workers are covered and contributions are paid correctly.
- Investment diversification: SSS is exploring new investment opportunities to grow the fund and ensure long-term sustainability.
These changes aim to strengthen the SSS system to better serve current and future members, though they may also mean higher contributions for some members.
Conclusion: Making the Most of Your SSS Membership
The SSS computation calculator for 2018 is a valuable tool for understanding your contributions and potential benefits during that year. By familiarizing yourself with how SSS computations work, you can:
- Make informed decisions about your contributions
- Plan for your financial future with more accuracy
- Maximize your benefits when you need them
- Avoid common pitfalls that might reduce your benefits
- Stay compliant with SSS requirements
Remember that while this guide focuses on 2018 computations, the SSS system evolves over time. Always check for the latest updates from official SSS sources to ensure you have the most current information.
Whether you’re an employee, self-employed professional, OFW, or voluntary member, understanding your SSS benefits is crucial for your financial security. Use tools like our calculator, stay informed about SSS policies, and don’t hesitate to reach out to SSS representatives when you need clarification.
By taking an active role in managing your SSS membership, you’re investing in your future and ensuring that you and your family will have financial protection when you need it most.