How the pension works
Four things decide what you receive each month after retirement.
SSS computes three amounts and pays the highest: a formula based on your salary credit and years, 40 percent of your average salary credit, or the guaranteed minimum.
highest of 3At least 120 monthly contributions. Claimable from age 60 if you have stopped working, or from 65 either way.
age 60 or 65Pensioners receive a 13th payment every December, the same amount as the regular monthly pension.
every DecemberContributions on salary credits above ₱20,000 build a separate provident fund, paid at retirement on top of the regular pension.
above ₱20,000Which formula pays out
worth the waitSSS does not use one pension formula. It computes three amounts and pays whichever is largest. The first is ₱300 plus 20 percent of your average monthly salary credit, plus another 2 percent of that credit for every credited year beyond the first ten. The second is a flat 40 percent of the same average. The third is the guaranteed minimum, ₱1,200 for 10 to 19 credited years and ₱2,400 for 20 or more.
Your average monthly salary credit is drawn from your last 60 contributing months, or your whole membership if that runs higher, and for the regular pension it is capped at ₱20,000. Suppose you retire with a ₱20,000 average and 30 credited years. The first formula gives ₱300 plus ₱4,000 plus ₱8,000 for the 20 years past ten, so ₱12,300. The 40 percent formula gives ₱8,000. You receive the higher ₱12,300 each month.
You can claim from age 60 with at least 120 monthly contributions once you have stopped working, or from 65 whether or not you are still employed. With fewer than 120 contributions you receive a lump sum instead. Every December brings a 13th pension equal to your monthly amount, and each dependent child under 21 adds 10 percent of the basic pension or ₱250, for up to five children. To check the contributions feeding this, see the contributions calculator, and for salary credits above ₱20,000, MP2 savings work alongside the Pension Booster.
Questions people ask
answered in plain wordsSSS computes three amounts and pays whichever is highest: first, ₱300 plus 20 percent of your average monthly salary credit plus 2 percent of it for every credited year beyond 10; second, 40 percent of your average monthly salary credit; third, the guaranteed minimum of ₱1,200 (10 to 19 credited years) or ₱2,400 (20 years or more).
The average of your monthly salary credits over your last 60 contributing months before retirement, or over your whole membership if that average is higher. For the regular pension it is capped at ₱20,000, since contributions above that go to the MySSS Pension Booster instead.
From age 60 if you have at least 120 monthly contributions and have stopped working, or from age 65 whether or not you are still employed. Filing earlier locks in a smaller salary-and-years formula result than waiting and contributing longer.
You receive a one-time lump sum of your contributions plus interest instead of a monthly pension. If you are close to 120, you can keep paying as a voluntary member to cross the line; the difference in lifetime value is usually large.
Yes. Each dependent child below 21 adds 10 percent of your basic pension or ₱250, whichever is higher, for up to five children, paid until each child turns 21.
If your salary credit is above ₱20,000, the contributions on the excess go into this provident fund. It earns investment income and is paid out at retirement on top of your regular pension, as a lump sum, an annuity, or both. This calculator estimates the regular pension only.
No. Every calculation runs privately on your device. Nothing you type is stored, tracked, or sent to a server.
Where these numbers come from
straight from the sourceThe rates and rules on this page follow the official issuances below. When an agency updates a schedule, this is where to confirm the current figure against your own situation.