Published: March 30, 2019
Heads up! There is a new SSS Contribution Table for 2019!
Under the Circular No. 2019-005 addressed to All Employers (ER), Employees (EE), Self-employed, Voluntary and Non-working spouse members there will be a new schedule of Social Security (SS) Contribution effective April 2019.
The new schedule is in line with the Republic Act No. 111999, known as the Social Security Act of 2018 wherein contribution rate increased by 12%, minimum Monthly Salary Credit (MSC) to 2000.00 and maximum MSC to 20,000 by year 2019.
Starting April 2019, the new schedule for SS Contributions of ER, EE, self-employed, voluntary members and non-working spouse will be based on the latest table, this is under the Social Security Commission (SSC) Resolution No. 16-s. 2019 dated March 13, 2019.