SSS Announces 1% Contribution Rate Hike and 2025 Plans

The Social Security System (SSS) has announced a 1% contribution rate hike effective January 2025, raising the rate to 15%. This change is in accordance with Republic Act (RA) No. 11199, also known as the Social Security Act of 2018. The increase accompanies adjustments in the minimum Monthly Salary Credit (MSC) to P5,000.00 and the maximum MSC to P35,000.00.

The SSS President and Chief Executive Officer, Robert Joseph M. De Claro, emphasized that these reforms are crucial for ensuring the long-term viability of the SSS fund, extending its sustainability until 2053. De Claro noted that the additional collections, projected at around P51.5 billion in 2025, will bolster the Mandatory Provident Fund (MPF) and support national government initiatives like calamity loans.

In 2025, SSS plans to prioritize service excellence, enhance universal inclusion through its KaSSSangga Collect and E-Wheels Programs, and improve investment income performance. The SSS aims to make a significant impact on the lives of its members by providing quality social protection and promoting the value of saving for the future.

For more information on the SSS contribution rate hike and their plans for 2025, visit the official SSS website or contact their customer service.

Reference: SSS clarifies 1% contribution rate hike; bares plans for 2025 | Republic of the Philippines Social Security System