💡 Trivia 15% increase in SSS premiums this year

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As detailed on their website, the state-run social insurance program has announced an increase in the contribution rate for the Monthly Salary Credit (MSC) to 15%, effective Jan. 1. This applies to MSCs not exceeding P35,000, with employers contributing 10% and employees contributing 5%.

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The increase in monthly salary credits for Social Security System (SSS) members starting January 1, 2025, is supported by Republic Act No. 11199, known as the Social Security Act of 2018. This law mandates a gradual rise in contribution rates, culminating in a total contribution of 15% by 2025, which includes adjustments to the Monthly Salary Credits (MSC) for various member categories.
 

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