SSS Pension Calculator – How to Use the SSS Pension Calculator

SSS Pension Calculator. The Social Security System (SSS) pension is a vital financial safety net for Filipinos who have contributed to the system throughout their working years. Whether you are a retiree planning your future, an employee checking your eligibility, or a self-employed individual ensuring long-term financial security, understanding how the SSS pension calculator works is crucial.

This article will explain everything you need to know about SSS pension computation, its benefits, eligibility criteria, and how to maximize your retirement payout.

How to Use This Tool

Here are some steps to use this tool:

• Enter your Current age.
• Enter your Current Monthly Income/ Salary.
• Enter your Current age and current monthly income
• Please select one and enter your “Desired monthly income” or “Voluntary Pension Booster contribution”.
• Click on the “Calculate” button.

Disclaimer

This site is connected to the official website. So don’t worry, your information is safe and secure.

The Social Security System (SSS) of the Philippines is responsible for assigning a monthly cash benefit to its retiree members once they have reached retirement age and after they have applied for the retirement benefits from the SSS. The pension can be paid as a monthly pension or as a lump sum. A lump sum is an option available to those who do not have the required 120 monthly contributions to be eligible for a monthly pension.

The amount of the pension is primarily determined by the number of credited years of service and average monthly salary credit, as well as the member’s age at retirement. Although age determines eligibility for a pension, more factors are involved in the calculation of the pension amount.

The SSS retirement age is divided into two categories:

• 60 years old (optional): At least 120 monthly contributions.
• 65 years old (mandatory)

If the member has made at least 120 monthly contributions, he or she can retire at 60 with an optional retirement age of 60.

However, mining workers are exempt since they are eligible to retire at 55 (optimal age) or at 60 and above (mandatory retirement age).

Read also: SSS Contribution Table 2025

Members of the SSS may calculate their monthly pension either manually or online using the SSS pension calculator based on their contributions. The amount of the SSS pension that members will receive is a common concern among SSS members. A person’s retirement benefit is primarily determined by the contributions paid, the length of their membership in the Social Security system, and the existence of dependent minor children.

The SSS pension is calculated using three different formulas. To determine the final pension value, we will use the one that results in the highest amount:

SSS Monthly Pension Formulas for Calculation

First formula	Php 300 + 20% of the average monthly salary credit (AMSC) + 2% of the AMSC for each credited year of service (CYS) in excess of 10 years + Php 1,000
Second formula	40% of the average AMSC + Php 1,000
Third formula	Php 1,200 for those with CYS from 10 to 20 years Php 2,400 for those with CYS 20 years or more + ₱1,000

Sample Calculation of SSS Pension

We will apply the same SSS pension formula to a different scenario, in order to make it easier to understand through a practical example.

Suppose a person who has been contributing to the Social Security System for 35 years and earns a monthly salary of $40,000. According to the latest SSS contribution table, their average monthly salary credit (AMSC) is $40,000 per month.

Here how SSS pensions are calculated

• Monthly Pension (MP) = ₱300 + (20% of AMSC) + [2% of AMSC x 25 years (35 years – 10)] + ₱1,000
• MP = ₱300 + (0.20 x 40,000) + (0.02 x 40,000 x 25) + ₱1,000
• MP = ₱300 + ₱20,000 + ₱8,000 + ₱1,000
• Monthly SSS Pension = ₱29,300*

A simplified example such as this does not account for any potential changes in contribution rates or other factors that may affect the final pension payment.

Here are some steps to check SSS pension:

• Register for a My.SSS Account: Visit the official SSS website and create a My.SSS account. You need to complete the registration process if you haven’t already.
• Log In: Enter your user ID and password. You can reset these on the login page if you’ve forgotten them.
• Navigate to Contributions: Click “Inquiry” in the main menu and select “Contributions” to see your contributions.
• View Your Contributions: Verify that the table of contributions is accurate. You should contact SSS or your employer if you find any discrepancies.
• Use the SSS Mobile App: After you have logged in to the SSS mobile app, you will be able to access your contributions quickly.

The SSS may not be able to pay out your full retirement benefit because of certain deductions applied by the SSS, if applicable. The above include any unpaid Social Security loans, any overlapping benefits you have received for sickness or partial disability, as well as adjustments for overpaid pensions that may arise in response to changes in your family status, such as the loss of a dependent, the return to employment after retirement, or the marriage of a spouse.

The SSS retirement program can be qualified for in two ways. To qualify, a member of the SSS must be at least 60 years old and have ceased to be employed or self-employed. At least 120 monthly contributions must have been made prior to the semester of your retirement. There is, however, the possibility of receiving a lump sum payment equal to the total amount contributed plus interest.

Another way to qualify is if you are an SSS member who is 65 years of age and employed or unemployed. The number of monthly contributions you must make before your semester of retirement must be at least 120.

These are the requirements for retirement benefits for employed and self-employed members, as well as for SSS pensions for voluntary members:

• If you are an underground miner, you must be at least 55 years of age and have retired from employment or self-employment
• At least 60 years old, whether you are employed/self-employed or not, if you are an underground mineworker (technical retirement).
• A total disability pensioner who has recovered from disability and is at least 60 years old (or 55 if you worked underground)
• Former retiree-pensioners whose pensions were suspended following their reemployment/self-employment and who have now separated from employment or ceased to be SEs
• If you are 60 years old or older but not yet 65, and you have 120 contributions or more, you may continue to pay as VM up to 65 if you qualify for the higher benefit.
• There are also pension requirements for beneficiaries of the SSS. In order to qualify as a dependent, you must be:
• A legitimate, legitimated, legally adopted, or illegitimate child who:
• Unmarried
• Not gainfully employed
• A minor who has not reached the age of 21; a minor who is already over the age of 21 who is congenitally incapacitated or while still a minor when incapacitated
• Common-law child younger than 18 years old who is in a common-law relationship

It provides both the retirement eligibility criteria for SSS members and the eligibility criteria for beneficiaries in a structured and easily understandable manner

Eligibility Criteria	Requirement
Standard Retirement Age	60 years of age, no longer working, with ≥120 contributions
	65 years of age, employed or unemployed, with ≥120 contributions
Special Conditions
Mineworkers underground	If separated from work, the SSS early retirement age is 55
	Regardless of employment status, technical retirement begins at 60
Total disability recovered	After recovering from a total disability, eligible at 60 or 55 for mineworkers
From Suspension to Return	If your pension was suspended due to reemployment or self-employment, and you have now separated or ceased self-employment, you must reapply for it
Continuing Contributions (60-65 years of age)	Continue to contribute as a voluntary member to receive a higher benefit if having ≥120 contributions
Beneficiary Requirements
Children (legitimate, legislated, adopted, or illegitimate)	An individual who is unmarried, unemployed, younger than 21 years old, or has been incapacitated since childhood
Children of common-law relationships	The eligibility age is 18 years old

The following documents are required to apply for retirement benefits:

• Complete the Retirement Claim Application (RCA) Form (3) or the Application for Disability Retirement Benefit (applicable under the Portability Law) (4).
• Please present your SSS ID, UMID card, or the receipt from SS Form E-6 (5) with two other valid forms of identification (at least one of which must include a photograph and signature).
• Ensure you provide a photocopy of your bank passbook, your ATM card displaying your name, your bank confirmation deposit slip, or your Cash Card Enrollment form.
• Please submit a photograph of 1 x 1 inch.

Those appointing representatives to submit retirement claims should do the following:

• An appointed person must present a primary ID (SSS ID, UMID, PRC card, Seaman’s Book, or Alien Certificate of Registration) or two alternative forms of identification.
• SSS members or special power of attorneys must complete a Letter of Authority (LOA) or Special Power of Attorney (SPA) stating the representative’s filing and signing privileges.
• If circumstances warrant, additional documentation may be requested (e.g., for people aged 60 to 64, for SSS employees, or for individuals employed by underground mines).
• SSS employees can make a claim for retirement benefits at any SSS office, through a designated representative, or online by accessing the My.SSS website.

SSS pension applications are easier to submit now thanks to the Internet. On the SSS website, you can find a copy of the SSS retirement form. For online application, members must have a registered disbursement account through the My.SSS Bank Enrollment Module, which includes UMID-ATMs, UBP Quick Cards, and any bank accredited by PESONet.

Online applications or claims for SSS retirement benefits can be made as follows:

• Go to the My.SSS member portal (6) and log in. If you do not have a My.SSS account yet, you may register using your email address.
• Click on the E-Services menu. Make sure that your disbursement account(s) are enrolled in the Disbursement Account Enrollment Module (DAEM).
• Upon approval of your DAEM account/s, you can file a retirement claim under the SSS E-Services menu.
• Once your retirement benefit has been approved, you will receive it in your chosen disbursement account. Your bank account will be credited with the benefit.

Pension applicants are advised to open a dedicated savings account for their pension and submit a copy of their passbook, ATM card, first deposit slip, bank statement, or enrollment form for a Visa Cash Card for the purpose.

Pensions from SSS are deposited through a bank chosen by the beneficiary, preferably one near their residence. Additionally, you can receive your SSS retirement benefit in two ways.

• Your monthly pension will be paid to you right after you file your retirement claim for a lifetime pension.
• In the case of lump sum payments, you can receive a discounted rate for your first 18 months of pension. On the 19th of the month, it will resume.

You should take note that the benefits of SSS monthly pensioners will be suspended if they choose to work again after attaining the age of 60.

There are two types of retirement benefits offered by the SSS.

• First is the SSS monthly pension, which provides retired members with at least 120 monthly contributions before the semester of retirement with lifetime cash benefits
• However, a lump sum will be paid to a member-retiree who has not paid the 120 contributions. This amount is equal to the member’s and his employer’s overall contributions plus interest
• The 13th month pension is payable to members-retirees every December, in a similar fashion to a Christmas bonus

Additional retirement benefits

• PhilHealth Membership: For members who are not yet National health insurance members after 65 years of age, there is also automatic membership in National health insurance available to them.
• Hospitalization Coverage: While SSS does not offer direct coverage for hospitalization for retirees and their dependents, PhilHealth does. Hospitalization benefits are only available to retirees with 120 contributions.
• Dependent’s Allowance: The SSS provides a dependent’s allowance for up to five minor children of the pensioner. Until the child turns 21 or becomes incapacitated, the dependent’s allowance is 10% of the pension or Php 250 per child.

How do you deal with retirement if you are worried that your pension won’t suffice? You can increase your SSS pension by following these tips:

• Ensure Eligibility for Monthly Pension: Make sure you have made 120 SSS contributions before applying. The threshold ensures continuous monthly pension eligibility, a more beneficial arrangement than lump-sum payments for those with fewer contributions. Check your contribution count online using the SSS portal.
• Continue Contributions After 120 Payments: After reaching 120 contributions, you should continue to contribute as a voluntary member until you reach 65 in order to enhance your retirement benefits.
• Catch-Up Contributions for Late Starters: If you are 65 years or older and haven’t met the 120 monthly contribution requirement, you can still make voluntary contributions. Pension benefits are then available to you on a monthly basis.
• Wait Until 65 to Claim Pension If Working: If you plan to work beyond retirement age, you should wait to claim your pension until 65. If a member under 65 re-enters the workforce, their monthly pensions will be paused.
• Maximize Your Contributions: Ensure that you contribute at the highest rate possible based on your salary. You will receive a higher pension amount as a result.
• Avoid Loan Penalties: Make sure your SSS loan repayments are on time. The amount of your pension can be reduced if you make late payments.
• Maintain Continuous Contributions: It is important that you make sure that you make your SSS contributions continuously so that you get a higher average monthly salary credit.

The SSS also offers pension loans to senior citizens on its website. It is believed that the enhanced Pension Loan Program (PLP) offers qualified retirement pensioners the opportunity to avail of loans worth 3, 6, 9 or 12 times their basic monthly pension (BMP) plus a Php 1,000 benefit. A maximum loanable amount of Php 200,000 may not be exceeded.

• A person must be 85 years of age at the end of the loan term
• SSS loan balances and benefit overpayments must not be outstanding
• A pension under the SSS Calamity Assistance Package must not be in effect
• They must have been receiving their regular monthly pension for at least 1 month

The good news is that if you’re already close to retirement age and don’t think your pension will be enough to cover your day-to-day living expenses, you can still get a quick cash loan from Digido!

If you are a repeat customer of Digido, you can get an easy credit of Php 1,000 minimum, and a maximum of Php 25,000 for repeat borrowers – in just five minutes, wherever you may be! Don’t waste your time lining up at a bank!

All you need to do is download and install the Digido App on your smartphone, sign up for an account, fill out the application form, attach one valid ID, and wait for your loan to be approved!

Digido will disburse your loan to your chosen bank account or e-wallet, as well as to Gcash. Remittance centers are available to repeat borrowers!

SSS retirement pension members are also eligible for the following benefits in addition to the cash benefit:

• Automatic PhilHealth registration: A retired member who is not currently a PhilHealth member will automatically be enrolled in the program and have access to the benefits that it provides.
• 13th-month pay: A retired member who has made at least one contribution during the calendar year is entitled to a 13th-month salary equivalent to one-twelfth of their annual retirement income.
• Funeral benefits: The primary beneficiaries or closest living relatives will receive a one-time cash reward equal to the members-only pension times the service years.

SSS Pension Calculator is an effective tool, but it’s important to avoid common mistakes that could lead to inaccurate results.

Miscounting Credited Years of Service

• Miscalculating your CYS is one of the most common errors.
• Pension estimates are often lower when periods of unemployment or late contributions are overlooked.
• It is important to ensure that your contributions are accurately recorded throughout your career.

Using Incorrect Salary Data

• A common mistake people make is using the wrong salary base when calculating their AMSC.
• In order to get an accurate AMSC estimate, make sure you use the highest 60 months of contributions instead of just your final salary.

Incorrect Formula Application

• Depending on the number of contributions you have made and your age at retirement, different formulas are used.
• Your pension estimate can be skewed if you use the wrong formula.
• You should review the latest SSS guidelines to ensure that you are applying the correct formula.

How to calculate monthly pension?

Ans: The pension amount is 50% of the emoluments or average emoluments, whichever is more advantageous. The minimum pension is currently set at Rs. 9000 per month. The maximum pension amount is 50% of the highest pay in the Government of India (currently Rs. 1,25,000) per month. In the event of death, the pension will be payable up to and including the date of death.

What is the maximum SSS monthly pension?

Ans: The maximum SSS pension in the Philippines is pegged at Php 18,495 per month, while the minimum is pegged at Php 2000 per month.

What is the formula for pension payout?

Ans: Multipliers typically range from 2% to 5%. In other words, if you worked 30 years, and your final average salary was $75,000, then your pension would be 30 x 2% x $75,000 = $45,000 per year. It is this $45,000 that becomes your lifetime income guarantee.

The SSS pension serves as a crucial financial safety net for Filipino retirees, ensuring that they receive steady monthly support after years of hard work. Understanding the SSS pension computation, eligibility criteria, and various benefits can help members maximize their retirement payout. By using the SSS pension calculator, members can estimate their potential pension, plan ahead, and make informed financial decisions. To secure a higher pension, members should continue making contributions, avoid loan penalties, and ensure their contributions are correctly recorded. With proper planning, the SSS retirement pension can provide stability and peace of mind during retirement.