Checking your SSS contributions and Monthly Salary Credits (MSC) regularly is one of the most important things you can do as an SSS member. Your contribution record affects your eligibility for SSS benefits, including your retirement pension. If you are planning for retirement, you should not simply assume that every contribution deducted from your salary…
If you previously saw WISP on your SSS contribution record, you may now see a different name: Mandatory MySSS Pension Booster. The Social Security System has rebranded the former Workers’ Investment and Savings Program (WISP) as the Mandatory MySSS Pension Booster. It is a provident-fund component designed to build additional savings for qualified SSS members…
Voluntary members can qualify for an SSS monthly retirement pension just like employed and self-employed members. The key requirements are your age, contribution history, retirement status, and the number of valid contributions posted to your SSS record. For most voluntary members, the most important requirement is: At least 120 monthly contributions paid before the semester…
SSTo qualify for a monthly SSS retirement pension, a member generally needs at least 120 monthly contributions paid before the semester of retirement. That is the basic rule. However, “120 contributions” is often misunderstood. It does not necessarily mean 10 uninterrupted years with the same employer, and reaching age 60 with only 110 or 119…
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