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  2. ssspensioncalc.comSSS Pension Calculator [Retirement Benefit Estimation Simplified]

    To calculate your SSS pension in the Philippines, you will need to use the formula provided by the Social Security System (SSS). Here is the formula: ₱1,200 if CYS is somewhere between 10-20 years; ₱2,400 if CYS is 20 years or more + ₱1,000.

  3. www.sss.gov.ph › sss › portletsRetirement Benefit Estimator - Social Security System

    To inquire your estimated Retirement Benefit, please provide the following data and click "Compute" button to proceed

  4. laborlaw.ph › retirement-payRetirement Pay - Labor Law PH

    Apr 14, 2024 · Retirement pay is an additional pay provided to a covered employee who is retiring. In the private sector, the ½ month pay in retirement pay is equivalent to 22.5 days. Retirement pay requires at least five (5) years of service. Retirement is optional at sixty (60) years old, while mandatory at sixty-five (65) years old.

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  6. ssspensioncalc.netSSS Pension Calculator [Reliable Retirement Benefit Estimator]

    The SSS Pension Calculator estimates retirement benefits based on salary, contributions, and service years. It helps plan for retirement by visualizing future pension amounts at different retirement ages. Users must have at least 120 monthly contributions to qualify for pension calculations.

  7. www.wikihow.com › Compute-SSS-Retirement-Benefits3 Ways to Compute SSS Retirement Benefits in the Philippines

    • Overview
    • Calculating Your Monthly Pension
    • Calculating Additional Benefits
    • Receiving Your SSS Benefits

    Curious how to calculate your retirement benefit? For Filipinos that have made 120 contributions to the Social Security System (SSS) over the course of their working years, one of those income sources will be a monthly pension paid by the government. We’ll walk you through how to compute SSS benefits in the Philippines, from calculating your monthl...

    See full list on wikihow.com

    Calculate your monthly salary credits for the past 60 months.

    Look through your records to find your monthly income during the past 5 years. Monthly salary credits are calculated through an income bracket system, where the more monthly income you have, the more salary credits you receive.

    In order to find your monthly salary credits, you’ll need to know what bracket your monthly income falls under. Take a look at this official chart to find the monthly income brackets:

    For example, if in the past 30 months you made an income of 10,800 PHP per month, the monthly salary credit would be 11,000 PHP, as 10,800 falls within the 10,750-11,249.99 bracket on the chart. If in the 30 months before this you made an income of 8,500 PHP, the monthly salary credit from those months would be 8,500 PHP, as 8,500 falls within the 8,250-8,799.99 bracket.

    Determine your Average Monthly Salary Credit (AMSC).

    The AMSC is the basis of some of the calculations needed for estimating your SSS pension. You can find your AMSC by adding your monthly salary credits from the past 60 months, and then dividing by 60. The amount of monthly salary credits you’ll earn in any given month depends on your income.

    See full list on wikihow.com

    Include the 13th month (Christmas) pension in your annual budget.

    Each year, SSS delivers pensioners an additional pension in December as a Christmas bonus. In recent years, the timing of when these pensions are disbursed has changed, but you should expect to receive your normal pension amount an additional time in December.

    Take advantage of automatic enrollment in PhilHealth.

    If you’ve made the 120 contributions necessary to receive a monthly pension, you’ll also have your healthcare taken care of by the government. Paying in the required 120 contributions entitles you to care even if you’re hospitalized, so it’s a worthy investment. You are immediately enrolled in PhilHealth, so no additional steps are necessary.

    Receive pensions for your dependent children.

    Up to 5 biological or adopted children, including illegitimate children, are also eligible to receive pensions, so long as they are under 21, unmarried, and not gainfully employed. These pensions are 10% of your own monthly pension, or 250 PHP, whichever is higher.

    See full list on wikihow.com

    Submit your savings account information to the SSS.

    In order to start receiving a monthly pension, you’ll need to be sure that the SSS has access to a functioning savings account. You will need to submit to the SSS office your savings account number, as well as a photo of your passbook.

    Contact a bank if you need help starting a savings account, or if you need help forwarding this information to SSS. Banks are experienced in helping clients get ahold of their pensions.

    Receive your monthly pension if you’ve made 120 payments.

    These pensions should be directly sent to your savings account. You can expect to receive your pension on the 19th of each month.

    Receive a lump sum payment if you are short on contributions.

    See full list on wikihow.com

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  8. businesstips.ph › how-to-compute-retirement-pay-inHow to Compute Retirement Pay in the Philippines | Business ...

    Mar 29, 2011 · Computation of retirement pay. A covered employee who retires pursuant to RA 7641 shall be entitled to retirement pay equivalent to at least one-half (1/2) month salary for every year of service, a fraction of at least six (6) months being considered as one whole year.

  9. filipiknow.net › sss-pension-computationHow To Compute SSS Pension: A Definitive Guide - FilipiKnow

    At a Glance: How to Compute SSS Retirement Benefits in the Philippines. Formula 1: The minimum pension shall be PHP 1,200 for members with at least 10 CYS and P2,400 for those with at least 20 CYS. Formula 2: 40 percent (40%) of the average monthly salary credit. Formula 3: The sum of PHP 300 plus 20 percent (20%) of the average monthly salary ...

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