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Paano malaman kung magkano ang Sss Monthly Pension mo pag nag RETIRED kana?
View your Amount of benifit at age 60 years old Pension.
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How to Determine Your SSS Monthly Pension When You Retire
Retirement is a significant milestone in everyone’s life that requires careful planning and preparation. In the Philippines, the Social Security System (SSS) plays a crucial role in providing financial assistance to retired individuals. It ensures that they receive a monthly pension to support their needs during their golden years. If you want to know how much your SSS monthly pension will be upon retirement, here’s a guide to help you calculate it.
The SSS uses a specific formula to calculate the monthly pension. Key factors considered in determining the amount include the member’s paid contributions, the number of credited years of membership, and the average monthly salary credit (AMSC). The AMSC is a computation used to establish the maximum salary credit limit, which the SSS uses as a basis for determining the contribution and corresponding benefits.
To get an estimate of your monthly pension, you can follow these steps:
1. Determine your Credited Years of Service (CYS):
Your CYS is the total number of service years contributed to the SSS. This includes contributions as an employed member, self-employed, voluntary, or as an overseas Filipino worker.
2. Check your Total Number of Contributions (TNC):
Verify the total number of contributions you have made to the SSS. You can find this information on your SSS contribution stubs or by accessing your online SSS account.
3. Calculate the Average Monthly Salary Credit (AMSC):
The AMSC is based on your ten highest-paid Monthly Salary Credits (MSC) in the last five years before your retirement. You can find the MSC table on the SSS website or by visiting an SSS branch office.
4. Determine the Number of Credited Years (NCY) for Calculation:
The NCY is based on your Total Number of Contributions and credited years for each year of contribution. You can check the SSS website or speak to an SSS officer to determine your NCY.
5. Use the SSS Pension Calculator:
To make things easier, the SSS provides an online pension calculator on its official website. Input the necessary details such as your CYS, AMSC, TNC, and NCY, and the calculator will provide an estimated monthly pension amount.
Keep in mind that the estimated pension provided by the SSS calculator serves as a reference point. The actual pension amount may vary depending on SSS adjustments and changes in policies. For a more accurate calculation, it is advisable to visit your nearest SSS branch office or contact their hotline for assistance. They can process your request and provide you with an accurate computation of your monthly pension upon retirement.
It’s always beneficial to plan for your retirement ahead of time. By knowing how much your SSS monthly pension will be, you can make informed decisions about your future and ensure a comfortable life after you stop working.
How to determine the amount of your SSS monthly pension upon retirement? appeared first on Inflation Protection.
