Read all about SSS Online Payment 2024: How Much is SSS Contribution and How to generate PRN for SSS Loan Payment? The paperwork usually takes a lot of time. So we have come up with a new article, SSS Online Payment 2024, in which we will assist you with the online procedure. Paying an SSS contribution is necessary if you are an employer, self-employed, OFW, or a private employee.
SSS Online Payment 2024
Individuals who enrolled in the SSS are allocated a unique identifier. SSAN is used to track the Social Security Benefits, contributions, and other transcription-related history of the beneficiary SSS account. SSS in the Philippines is a social program run by the government and provides a financial benefit to its members. The various benefits that are provided under this program are disability benefits, retirement benefits, maternity, and even the death benefit to the family. To the qualified individual, it helps in giving long and short-term benfits.
If you are not willing to make any contribution to the SSS program, you can cancel the enrollment anytime. For cancelation of an SSAS account, individuals have to follow a complete procedure and submit all required documents. The deregister of your account with SSAS will affect your eligibilty for other benefits. So it is advisable to speak to the official authorities before making a decision.
How Much is SSS Contribution?
To become a member of the SSS program, individuals have to contribute some amount from their monthly income. In 2024 the contribution rate for the employer and employee will be 9.5% and 4.5%, respectively. The combined SSS contribution rate will be 14%. The monthly salary credit must range between P4000 to P30,000. Both the employers and the workers should strictly maintain this limit. The monthly salary credit of 14% is P30,000.
Other categories like the self-employed, non-working spouse, and overseas Filipino workers have to pay the entire SSS contribution rate. To get a monthly salary loan, the eligible must have contributed 36 months to the SSS contribution. Otherwise, have contributed six months in each year for SSS contribution. Being an employee you do not have to worry about the contribution. Prior to 2023, the rates were 13% and have inflated by 1% in 2024. The rates will again move up to 15% from January 2025.
Who is Eligible For SSS Contribution?
If you are working, your employer is responsible for making the SSS contribution on your behalf. In addition to that, he will also pay a portion on his behalf to your contribution. In case any individual is self-employed, they can make contributions through online mode or by suing a mobile application. Before planning for any contribution, create an account online via the official SSS web portal and your SSAS number.
Make sure that the personal data such as name, membership record, Date of birth, address, and Bank details are up to Date. The eligibility criteria for various benefits are different. For the retirement benefit, the individual must be 65 years old and residing in the Philippines. The member should have made 120 contributions before the retirement. All programs under SSS have unique plans and eligibility norms. To know the eligibility norms for the youdesire program kindly visit the official website.
How to generate PRN for SSS Loan Payment?
Typically, individuals interested can contact SSS customer services and submit a written request providing all proof of identity. Individuals can generate PRN online by following the piece of information mentioned in this part.
- Log in to the official SSS website through MY SSS account.
- Now, look for the PRN page on the home screen.
- The next step is to fill out all the required credentials, like the month and payment due.
- Later, tap on ‘Generate PRN’ to get PRN for SSS.
Generating PRN for SSS by sending SMS
- Create a text message to SSS using your mobile.
- Separated by space type, the SSS Number, significant month, and the amount due.
- Now send the text message to the appointed SSS PRN hotline No.
- After that, as a confirmation message, you will get the message with PRN SSS.
Several other methods are also there to generate PRN for SSS, which include developing an email, sending it, and creating a call on the hotline. Once the PRN is generated, you can use it for further payments.