THE Social Security System (SSS) announced a 1% increase in its contribution rate, effective January 2025, raising the rate to 15% from 14%. This adjustment, in line with Republic Act No. 11199 or the Social Security Act of 2018, also includes changes to the Monthly Salary Credit (MSC).
The minimum MSC will increase to ₱5,000 from ₱4,000, while the maximum MSC will rise to ₱35,000 from ₱30,000. These adjustments mark the final tranche of contribution and MSC increases initiated in 2019.
SSS President and CEO Robert Joseph M. De Claro emphasized the importance of these reforms, stating, “The scheduled increases are critical to ensuring the long-term viability of the SSS fund. With this last tranche, the fund life is projected to extend to 2053, doubling the previous estimate of 14 years in 2018. This ensures we can meet our social security obligations to current and future members.”
Increased Contributions and Benefits
The contribution and MSC adjustments are expected to generate an additional ₱51.5 billion in collections for 2025, with ₱18.3 billion (35%) allocated to members’ Mandatory Provident Fund (MPF) accounts.
De Claro added that these increased collections also strengthen SSS’s capacity to support the national government during crises. In 2024, the SSS disbursed ₱9.7 billion in calamity loans to over 500,000 members.
Plans for 2025
SSS’s priorities for 2025 include:
Enhancing Member Services: The agency aims to improve its programs and systems to deliver exceptional customer service.
Expanding Coverage: Through its KaSSSangga Collect and E-Wheels Programs, SSS will focus on covering self-employed workers across the country.
Boosting Investment Income: With a positive market outlook for 2025, SSS plans to optimize its investment portfolio and contribute to job generation as businesses grow and expand.
“Ultimately, our goal is to make SSS relevant to every Filipino at every stage of their lives by providing quality social protection and promoting the value of saving for the future,” De Claro concluded.