How Much Will I Get From SSS Pension In Philippines?

Are you a retiree in the Philippines, wondering “how much will I get from SSS pension?” It’s an important question to ask. After working hard all your life, it is time for you to enjoy the fruits of your labour and reap the benefits that come with retirement. As a financial analyst (Philippines), I can provide valuable insight into this subject to help make your decision easier.

In this article, we’ll look at how SSS pensions work, what criteria affects payout amounts and other factors that may influence your overall benefit package. We’ll also discuss strategies on how to maximize your return by making smart choices along the way. Lastly, we’ll take a closer look at how inflation affects payouts over time and steps you can take now to ensure you get the most out of your pension plan.

By reading through this article, you should gain enough knowledge to make informed decisions about how much money you can expect when claiming your SSS pension in the Philippines. Let’s dive in!

Overview Of SSSS For Pension Amount In The Philippines

The Social Security System (SSS) in the Philippines provides members with important retirement benefits and other financial services. In terms of pension specifically, this benefit helps Filipino citizens who have reached at least 60 years old or those who have become permanently disabled due to an illness or injury.

Depending on the amount contributed over the years by the member, they can receive up to 70% of their average salary during their last five working years before reaching retirement age. However, if a member has not been able to make any contribution during his/her lifetime then he/she will be entitled to a minimum pension which starts from about Php 1,200 per month.

Overall, SSS membership offers its members several types of social security benefits which guarantee them a secure future in terms of health care needs and income sources after retirement. Since it is managed by the Philippine government there is also assurance that pensions paid out through this program will remain reliable despite economic fluctuations.

Who Is Eligible For An SSS Pension?

Under the Social Security System (SSS) of the Philippines, members who have contributed to SSS may be eligible for a pension. To qualify for an SSS pension in the Philippines, one must meet certain requirements. The main criteria are based on age and number of years contributing to SSS.

Generally speaking, those aged 60 or above with at least 120 monthly contributions must pay SSS contributions over five consecutive years prior to their retirement date in order to qualify for an SSS Pension. Those below age 60 may still be qualified if they have paid at least 360 monthly contributions from the time they started paying up until their retirement date.

Additionally, depending on the type of employment, there might also be other requirements that need to be met before becoming eligible for an SSS Pension.

The amount of benefit received by retirees is dependent upon how much was contributed during working years as well as when one retires, earlier retirements result in smaller pensions than those retiring later in life after having made a larger contribution towards the fund.

As such, meeting all qualifying requirements is essential to ensure eligibility and maximize benefits received through an SSS Pension in the Philippines.

How Much Is An SSS Pension?

In the Philippines, Social Security System (SSS) pension is an important source of income for retired members. The amount of a member’s SSS pension depends on several factors:

  • SSS Pension Amount: This is calculated based on your total monthly salary credit and years of contributions to the SSS. It ranges from Php 1,000 to Php 20,000 per month.
  • SSS Pension Calculation: Your pension can be computed using either the Average Daily Salary Credit or Monthly Salary Credit Formula, depending on the time period you’ve been contributing to the fund.
  • SSS Pension Rate: There are three types of rates that determine how much you will receive in terms of benefits. These are first-time members rate, regular rate, and increase benefit rate.
  • Eligibility Requirements: To be eligible for SSS Pension Benefits you must have paid at least 120 months of contributions before reaching 60 years old for female members and 65 for male members. Additionally, if you become disabled or lose your job due to involuntary separation or employer bankruptcy, then you may also qualify for benefits regardless of age or number of payments made.

The best way to ensure that you get the maximum amount possible out of your retirement plan is by making sure that all your contributions have been properly recorded with the corresponding payment dates so they can be accurately calculated when determining your final benefit amount.

Furthermore, it’s always wise to consult with a financial advisor who specializes in pensions and other retirement plans so they can help guide you through the process and provide professional advice tailored specifically to your individual needs.

Check Out: How Is Sss Disability Pension Calculated In Philippines?

Factors Affecting Pension Amounts

The amount of pension received from the Social Security System (SSS) in the Philippines depends on several factors. These include pensionable age, payment eligibility, salary level, contribution history and tax deductions. An individual’s monthly SSS pension can range from as low as P1,200 to as high as P19,000 depending on these factors.

Pensionable Age

The first factor that affects an individual’s SSS pension is their pensionable age. Generally, individuals aged 60 and above are eligible for retirement benefits if they have contributed to the system for at least 120 months or 10 years prior to applying for a benefit.

Those with fewer contributions may still be able to receive a lower monthly benefit but only after reaching 65 years old.

Also read: Highest SSS Pension In Philippines

Payment Eligibility

Payment eligibility is determined by whether an individual has made sufficient contributions over the last 12 months before filing for benefits and how long they have been contributing in total.

In order to qualify for full benefits based on their current salary level, individuals must have contributed 36 times within 15 consecutive calendar months immediately preceding their application date.

Otherwise they will receive reduced benefits based off their previous highest salary credit amount over 6 semesters or 3 years prior to when they filed.

Factors Affecting Pension AmountImpact On Monthly Benefit
Pensionable AgeReaching 60+ allows access to maximum possible benefit
Receiving minimum benefit requires being 65+
Payment EligibilityFull benefit given if 36 payments completed during past 15 months
Reduced benefit given if didn’t meet requirements
Salary LevelMaximum possible benefit based on current pay rate
Minimum possible benefit set by previous highest salary credit amount over 6 semesters or 3 year period leading up to filing date
Contribution HistoryBenefits increase according to number of contributions made since start of membership
Minimum required is 10 years/120 months prior to filing
Tax DeductionsNo deduction taken out of benefits provided by SSS

It should be noted that while there are no taxes deducted from an individual’s SSS pension payout, those who are receiving other income such as rental property income may be subject to taxation under certain conditions. Furthermore, any additional earnings outside of one’s retirement pay will also be taxed appropriately according to Philippine law.

Ultimately, each person’s specific situation determines what kind of monthly SSS pension they can expect upon qualifying for this type of financial assistance.

You may also like: How Much Is The SSS Pensioner Christmas Bonus?


In conclusion, the Social Security System (SSS) in the Philippines is a useful government program that provides pension benefits to many individuals. To be eligible for an SSS pension, one must meet certain criteria and contribute regularly to their account. The amount of money received as a pension depends on several factors like age and years of contribution.

It’s important for employees to note that understanding how much they’re entitled to from SSS Pension can help them make sound financial decisions when budgeting for retirement expenses. Knowing this information ahead of time will also enable them to plan accordingly to maximize their benefit payments over time.

Ultimately, with proper planning and preparation, employees can ensure that they receive the maximum benefit from their SSS Pension in the Philippines on retirement. This will allow them to enjoy secure finances during retirement without any worries about unexpected costs or reduced income.

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