Gov't Services SSS

For SSS Pension Plan: Should I pay the Maximum or the Minimum SSS Contribution?

My brother is an OFW in Saudi Arabia and he pays his maximum SSS contribution quarterly. I was surprised when he sent me a private message on Facebook and asked me if he should continue paying the maximum SSS contribution. When I asked why, he gave me the link to this video from ANC On the Money and he added that he thinks it’s unfair to pay for the maximum amount when what he’s going to receive for his pension is the same as the other members who pay less.

I got confused with what he said so I watched the video first.

ANC On the Money Video: When to Pay the Maximum SSS Contribution

Salve Duplito, ANC On the Money’s resident financial adviser, shared a question that one of their viewers asked regarding this topic. The viewer, named Noel, is currently paying the maximum amount of his SSS contribution voluntarily and he asked if it’s better to pay the minimum amount instead, since the SSS pension plan is computed based on 60 consecutive months or 5 years before retirement. He explained his point of argument using the examples below based on how he understood the process.

Paying the Maximum and the Minimum Amount for SSS Contribution (Courtesy of ANC On the Money)

Before we discuss this further, let me share with you these resources from ANC On the Money and SSS Philippines website, to know how to compute for SSS Monthly Pension benefit.

ANC On the Money Video: Computation for SSS Monthly Pension Benefit  

Courtesy of ANC On the Money - Computation for SSS Pension Benefit
Courtesy of ANC On the Money – Computation for SSS Pension Benefit

Computation for Monthly Pension, courtesy of the SSS of the Philippines. (Click the link for the complete details.)

Monthly Pension

  • Benefit Computation

The monthly pension depends on the member’s paid contributions,  his credited years of service (CYS), and the number of his dependent minor children that must not exceed five. The monthly pension will be the highest amount resulting from either one of these three pension formulae:

  1. the sum of P300 plus 20 percent of the average monthly salary credit plus two percent of the average monthly salary credit for each credited year of service (CYS) in excess of ten years; or
  2. forty (40) percent of the average monthly salary credit; or
  3. P1,200, if the CYS is at least 10 but less than 20; or P2,400, if the CYS is 20 or more. 

Don’t be confused with the computation for the SSS pension plan because it’s different from the computation of the other SSS benefits such as Calamity, Maternity, and Sickness because the latter is based from the actual or most recent contributions.

Going back, here is Salve’s take on the viewer’s question of whether he should pay the maximum contribution or less?

Salve says, “the Social Security System doesn’t allow massive jumps in the contribution rate. The increase has to happen gradually. Thus, you can only increase your contribution a couple of hundreds per year”.

From the example above, it only means that Kevin is NOT ALLOWED to increase his contribution from the minimum amount of P110 to the maximum amount of P1,760 within a given year. Again, the increase has to happen gradually.

SSS Contribution Table as of March 2015
SSS Contribution Table as of March 2015

Looking at the contribution table above, if Kevin is self-employed or a voluntary member, he can only increase his MSC (Monthly Salary Credit) only once in a given calendar year and by one salary bracket only from the last posted MSC, with some exemptions, which I will share in the next post. So if he is currently paying P110 per month for his SSS contribution, he can only increase it to P165 the next year.

CONCLUSION: For Kevin to be able to pay the highest contribution by age 55 (60 months or 5 years before he retires at 60), he should have increased his contributions gradually starting from age 26.

It is still better to pay the maximum amount of SSS contribution if you can afford it to be able to get the maximum benefits, not only for your Retirement or Pension plan, but also for the other benefits provided by SSS including sickness, maternity, death, and disability.

But let’s not also forget that SSS is not the only option to secure ourselves and our future. We can also consider other instruments like health insurance, life insurance, and Variable Life Insurace (VUL) that offer both health or death benefit and an investment feature. If you are more of an aggressive type of investor, you can also invest in other investment vehicles like the stock market or mutual funds for your future needs.  Like what Salve Duplito said, “It is never a good idea to depend on the Social Security System solely for you retirement. As long as the maximum allowable contributions stay low, the benefits they will provide will continue to be insufficient.”

On my next post, I will share with you a very detailed explanation about this topic that was sent by the Social Security System of the Philippines, exclusively for Pinay Investor and to all the readers of this website. Click HERE to read that post.

Sources: Security System of the Philippines, Salve Duplito, ANC on the Money,,  and the viewer who raised the question

Disclaimer: I’m not affiliated with the Social Security System of the Philippines. Some of  the information here are only based from my own opinion and on how I understood it. If you need a more accurate information of your SSS membership and contributions, please contact SSS directly.

Read Next: Step-by-Step Guide for SSS Loan Application, Requirements, and Payment

Investment Seminars

Andrew Stotz shares his Investing Principles in the Philippines

I was surprised when I received an email yesterday from Ms. Rizchelle Sampang-Manaog of the CFA Society of the Philippines. She said that she came across my Pinay Investor website while digging articles about Andrew Stotz.

I knew I haven’t written an article about Mr. Andrew Stotz but I already met him when I attended the Philippine Retail Investment Conference (PRIC) last May 28, 2014. Then I remembered that I posted a photo of him on my Photo Gallery page which might have led Ms. Rizchelle to this site.

Anyway, she asked me if I would be interested to write a blog about Mr. Andrew Stotz or schedule a one-on-one interview with him at 3PM today, October 1, 2014.

I didn’t know what to say. I was surprised! 🙂

I’d love to write a post about him but having an interview with someone like him, someone who I look up to in the world of investing, is something that I’ve never expected or even thought of happening. I mean it’s a great opportunity for me and for Pinay Investor and it would be an honor to interview him but I felt that I’m unprepared. 🙂

Ms. Rizchelle only contacted me yesterday and the interview with Mr. Stotz is scheduled today and I was just overwhelmed with the turn of events. 🙂 And because I also have another appointment set today, I had to decline to the invite and I wished there’s another opportunity like this next time. But I promised to write a post about him and so here it is…

Andrew-Stotz-Philipines Mr. Andrew Stotz is the current President of the CFA (Chartered Financial Analysts) Society of Thailand. He is an award-winning financial analyst and Investing-in-Asia expert who has spent more than 20 years analyzing and investing in Asian stock markets. Through his work, teaching, and consulting he has helped thousands of people move closer to their financial goals.

Like I said earlier, I first met him at the Philippine Retail Investment Conference where he personally handed me this small piece of index paper with his Info Card. This piece is valuable to me because this is where I wrote my first Financial Plan with the guidance of Mr. Stotz himself.


The photo is blurry but here’s what’s written here.

I, JANICE, will NOT get rich in the stock market.

I am 28 years old, want to retire when I am 50 and will live a happy life until 100.

My investing horizon is 20.

My retirement horizon is ___.

I will manage my money for the next 70 years.

This is an example of a Written Financial Plan that we (participants) copied from Mr. Stotz. We filled in the blank spaces and we did some computations to come up with the numbers. I don’t remember why it’s blank on the second to the last line. Maybe I failed to compute for the correct number. 🙂

I also remember that he facilitated an interactive game before his talk, where each of us used a 1-peso coin. I wished I won but I didn’t, thus I missed the free financial consultation with him. 🙁

Andrew Stotz at the Philippine Retail Investment Conference 2014

Aside from the written Financial Plan, I also learned about his Core Investing Principles:

  • You will not get rich in the stock market
  • Have a written plan
  • Time horizon is very long, build wealth carefully
  • Time is the easiest way to success in the stock market
  • As you get older, reduce your exposure to stocks
  • Every interaction with money causes emotional and biological changes in your body
  • Reducing risk is more valuable than picking winners
  • The past and present are more important and knowable than the future
  • Have no “memory” about any stock, be willing to buy it again
  • Stay concentrated, avoid owning less than 10 stocks or more than 20
  • Be most worried about stocks when everyone is positive about them
  • Don’t get stuck in any one style (value, growth, etc) or guessing when styles shift
  • Think of each investment as relative to another

I’m a newbie in stock market investing but I’m continuously learning by following principles like these of Mr. Stotz.

Andrew-Stotz-shares-Investment-Tips-to-Universities-in-the-Philippines We’re privileged because he’s currently in the Philippines for his #StotzOnCampusTour, to conduct a series of speeches in some universities to introduce his Principles for a Lifetime of Investing.  The schools that he will visit are De La Salle University-Dasmarinas, University of Mindanao, Ateneo de Davao University, Colegio de San Juan de Letran, and De La Salle University-Manila.

The financial world is totally overwhelming for most people, particularly those with no experience or interest in the area that’s why Mr. Stotz developed these principles to make it easier for us to follow and implement. His more than 20 years of experience in teaching finance at universities, in addition to his full-time job as a financial analyst, makes him perfect placed for this task.

These outreach efforts of Mr. Stotz is a great opportunity for us especially the students who will be equipped with a new hope and a clear path toward managing their own financial lives. And crucially, they will have in their hands a simple financial plan that they can follow for the rest of their lives.

Mr. Stotz has also been interviewed by Ms. Salve Duplito of ABS-CBN’s News Channel (ANC) “On The Money” program and I can’t wait to see that episode. 🙂

It’s with a heavy heart that I missed the opportunity to see and interview Mr. Stotz but I support him in his efforts to teach investing principles to Filipinos especially the students who will be the next leaders of the country.

Thank you Mr. Andrew Stotz and I hope to see you again soon! 🙂

Veteran of the Financial World Shares His Investment Tips in the Philippines (shared by Ms. Rizchelle Sampang-Manaog of the CFA Society Philippines)

Gov't Services SSS

How to Register or Sign-up for SSS ONLINE Membership Account

My sister saw me while I was checking my actual premiums on my SSS Online account. She asked me how she could also view her premiums as member of the Philippine Social Security System so I walked her through the registration process. While we’re doing it, I thought it would be a good idea to share this process to my readers as well. So I took screenshots of all the steps that we went through and here they are…

  1. Go to and click Sign Up as a Member SSS - step 1
  2. Fill out the Online Member User ID Registration Form, Enter the Code at the bottom, and hit Submit

SSS - step 2

CLICK HERE TO READ: 2018 Complete Step-by-Step Guide to Register your SSS Account Online

  1. You should see this Confirmation once you hit submit SSS - step 3
  2. Check your email account. You should receive an email with the subject SSS Website Email Validation. Then click the link.

SSS - step 4

  1. You’ll be redirected to this page which is the continuation of the registration form. The upper portion is already auto-populated with the information you’ve entered earlier.

SSS - step 5

  1. If you’re a pensioner, tick on the YES radio button and enter the required information. SSS - step 6
  2. If you’re not a pensioner,  tick on NO and click the option that applies to you (employed, self-employed, etc…)

*If Self-Employed / Voluntary  / Non-working Spouse / Overseas Contract Worker,

Provide any RECEIPT NO. Found on the RSS Receipt Form of SSS

(Please read the instructions on the form)

*For Employed / Household,

Provide any 13-digit SS Employer ID/Household SS Number where you worked for at least six months .

(For Employed, you may ask for your company’s Employer ID from your HR Staff)

(For Household, ask your boss or the person who you work for)

Check the box for the Terms and Conditions. Then hit Submit.

SSS - step 7

  1. You’ll then receive this confirmation SSS - step 8
  2. Check your email. You should receive an email with the subject SSS Website Registration. (Note: This may take a while. Mine took an hour before I receive this email)

SSS - step 9

*Once you receive the confirmation email, you may now log in to your SSS online account.

Click on the link or go back to


Enter your User ID and Password.

SSS - step 10

*Once you log in successfully, you’ll be able to see the Main Menu of your SSS Online Account.

Click Online Inquiry, then Actual Premiums if you want to check your actual premiums.

login info

member info

Here’s a sample:


There are other available options and information that you can find on the website. Just explore it by clicking the drop-down menu or the tabs on top.

Based on my experience, the SSS website is usually slow during weekdays. So if you want to register or check your SSS online, do it on weekends.


Check out my video tutorial on How to Register your SSS Account Online!

Check out my video tutorial on How to Check SSS Contributions Online in less than 5 minutes!

Should you have questions or inquiries, you may contact them directly through the following contact information which I got from their website:

Trunkline No. (632) 920-6401 / SSS Call Center: 920-6446 to 55 / SSS Email: /SSS Facebook: