SSS Contribution Table 2024 for ER, EE, Voluntary, HE & SE
The Social Security System (SSS) is essential for ensuring social protection for workers in the Philippines. In 2024, the SSS Contribution Table has been updated to reflect adjustments in the contribution rates for different categories, including Employer (ER), Employee (EE), Voluntary members, Household Employers (HE), and Self-Employed (SE) individuals. Understanding these updated rates is crucial for compliance and ensuring the benefits provided under the SSS program.
1. Employer (ER) and Employee (EE) Contributions
For regular employees, both the employer and the employee contribute to the SSS fund. The total contribution is based on the employee's monthly salary, with specific percentages allocated to both parties:
- Employer (ER) Contribution: The employer shoulders a significant portion of the contribution, which is around 8.5% of the employee’s salary.
- Employee (EE) Contribution: Employees contribute around 4.5% of their salary.
These combined contributions are vital for various benefits such as retirement, disability, maternity, sickness, and death.
2. Voluntary Members
Voluntary members are those who are no longer employed or self-employed but wish to continue contributing to the SSS. They contribute based on the same schedule as employed members but cover both the employer and employee shares, contributing approximately 13% of their monthly salary credit.
3. Household Employers (HE)
Household employers, or individuals employing domestic workers, are required to register their employees under the SSS. They follow a similar contribution scheme as regular employers and employees, ensuring that household workers are entitled to SSS benefits.
4. Self-Employed (SE) Contributions
Self-employed individuals, such as freelancers, entrepreneurs, and professionals, must contribute both the employer and employee portions to the SSS. They contribute based on their declared monthly earnings, which fall within the standard SSS contribution table brackets.
Contribution Table 2024
Below is a simplified version of the 2024 SSS Contribution Table based on salary ranges for all categories:
| Monthly Salary Credit | Employer (ER) | Employee (EE) | Total Contribution | Voluntary/SE Contribution |
|---|---|---|---|---|
| 3,000 - 4,999 | PHP 315 | PHP 135 | PHP 450 | PHP 450 |
| 5,000 - 7,999 | PHP 525 | PHP 225 | PHP 750 | PHP 750 |
| 8,000 - 11,999 | PHP 945 | PHP 405 | PHP 1,350 | PHP 1,350 |
| 12,000 - 15,999 | PHP 1,155 | PHP 495 | PHP 1,650 | PHP 1,650 |
| 16,000 - 19,999 | PHP 1,365 | PHP 585 | PHP 1,950 | PHP 1,950 |
Conclusion
The 2024 SSS Contribution Table provides updated rates for different member categories, ensuring that all workers—whether employed, self-employed, or voluntary—receive comprehensive social security benefits. For employers, employees, and other contributors, it’s essential to stay informed about these changes to maintain compliance and continue enjoying the wide range of benefits offered by the SSS system.
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