In 2025, The Republic of the Philippines Social Security System will be providing the SSS Pension 2025 to eligible beneficiaries. It plays an important role in giving out much-needed financial constancy to many Filipino households. To ensure that all the eligible beneficiary gets the important benefits after retirement they must have made sufficient contributions.
Right now, the contribution rate is 13 percent of a member’s monthly salary credit and will rise by 1 percent each year until 2025. Keep reading this post, to understand better about the SSS Pension 2025. We have included its definition, eligibility, maximum amount, and more.
Maximum SSS Pension 2025
The Social Security System Pension is a social insurance program in the Philippines that gives financial assistance to retiree members and their families when they need such as retirement, death, or disability. Those beneficiaries aged over 60 years are entitled to it. They can apply for it in the last months of their 59 ages. Beneficiary must be retired and shouldn’t have any additional income source.
One of the most important components is that the member must have made a minimum of 120 total contributions during their working years before retirement. Those with less than 120 contributions might get a lump sum payment, equal to their complete contributions. To be eligible for a monthly pension they have to make extra contributions to complete the least 120 months’ condition.
The SSS department has announced that the retirement pension is to see an increase at the start of 2025. The pension gain is anticipated to range from 14.5% to 15%. That typically means that the retirees can see their monthly pension go from ₱1000 to ₱2000. This SSS Pension Increase 2025 is a part of the continuing determination to line up the pension benefits with the increased living costs and inflation rates.
SSS Pension 2025- Overview
| Article On | Maximum SSS Pension 2025 |
| Department | Republic of the Philippines Social Security System |
| Country | Philippines |
| Year | 2025 |
| Beneficiaries | Pensioners aged above 60 years |
| Category | Finance |
| Official Website | sss.gov.ph |
What is the SSS Pension Benefit?
The SSS Pension is managed by the Philippines SSS. It is a monthly monetary benefit provided to eligible retirees when they reach their retirement age and successfully apply for the benefits.
The SSS Pension is of two types:
- Monthly Pension: The SSS Monthly Pension is a lifetime cash benefit given to the eligible retiree’s member every month. The beneficiary must have made 120 contributions monthly before the retirement.
- Lump Sum Benefit: The SSS Lump Sum benefit is a cash benefit that is only given 1 time. It’s equal to the contribution made by the member or their employers including the earned interest, that is paid to a beneficiary who hasn’t met the mandatory 120 regular contributions.
Qualifying Conditions of SSS Pension
The Social Security System has set certain SSS Pension Eligibility Criteria 2025 that need to be fulfilled by each beneficiary. Check the complete criteria below:
1. The beneficiary should have made at least 120 once-a-month contributions before their retirement; and
a) The recipient who has reached the age of sixty years and has separated from a job or has stopped to be self-employed, excluding:
- For those who are underground mineworkers, the age requirement is 55 years effective Mar 13th, 1998; and
- For those who are surface or underground mineworkers, the age requirement is 50 years in effect from April 27, 2016; or
b) Those recipient who are at least 65 years old, except;
- In such cases the underground mineworker in effect from March 13, 1998, or a surface mineworker in effect from April 27, 2016, and
- In the case of racehorse riders, at least 55 years old effect from May 24, 2016
2. A former retiree whose monthly retirement pension was deferred due to self-employment or re-employment and is now parted away from work or has stopped being self-employed.
How Much SSS Pension You Can Get?
The SSS Pension is calculated based on the contribution and their retirement age. There are three formulas to calculate the pension. Here is the procedure:
- Based on CYC
- If the Creditable Years of Service is between 10 to 20 years: ₱1,200
- If the Creditable Years of Service is more than 20 years: ₱2,400 + ₱1,000
- If more than ten years: 20 percent of the AMSC + ₱300 and ₱1000 + 2 percent of the AMSC for each credited year of service after the ten years
- Average AMSC: ₱1,000 + 40 percent of Average AMSC
How to Claim the SSS Pension 2025?
The beneficiary can claim for the SSS Pension 2025 from the steps mentioned ahead. It is a very simple process. The recipients who are already getting the SSS pension payments are not required to submit the application separately. If there is any increased amount, then it will be deposited to the account instantly. Here are the steps:
- Firstly, go to the official site of the SSS i.e. sss.gov.ph.
- Login to your account, and guide to “My Account’.
- Make sure the routing no. and account info is accurate.
- Fill in the application.
- You might be required to upload a few documents.
- Submit after completely reviewing it.
| Official Website | Click Here |
| Homepage | Philtranco.net |