Pursuant to the approval of the increase in the contribution rate, from 10.4% to 11% and the maximum monthly salary credit (MSC), from P15,000 to P16,000 by the President of the Philippines, as recommended by the Social Security Commission under Resolution No. 262-s-2013 dated 19 April 2013, that shall be effective for the applicable month of January 2014 as per SSC Resolution No. 711-s.2013 dated 20 September 2013, the revised schedule of contributions, including the additional MSCs and corresponding amount of contributions, is hereby issued. The additional 0.6% in the contribution rate shall be shouldered equally by the employer (ER) and employee (EE) who shall pay at 7.37% (from 7.07%) and 3.63% (from 3.33%), respectively. Self-Employed/Voluntary/OFW members shall pay at the total rate of 11%.
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This information is credit to http://sss.gov.ph.
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