SSS Contribution Table for Overseas Filipino Workers (OFWs)

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The Social Security System (SSS) plays a crucial role in providing social protection to Filipinos, especially for our Overseas Filipino Workers (OFWs). However, OFWs will find it difficult to find an SSS office abroad, for trivial information such as their contribution rates. This is where the SSS Contribution Table for Overseas Filipino Workers (OFWs) comes into play.

The SSS Contribution Table for Overseas Filipino Workers (OFWs) is a tool that helps OFWs understand their obligations to the Social Security System (SSS) and determine how much they need to contribute depending on their income.

SSS CONTRIBUTIONS TABLE YEAR 2024 FOR OFW
RANGE OF COMPENSATIONMONTHLY SALARY CREDITAMOUNT OF CONTRIBUTIONS
REGULAR SOCIAL SECURITYWORKER’S INVESTMENT AND SAVINGS PROGRAMTOTALREGULAR SOCIAL SECURITYWORKER’S INVESTMENT AND SAVINGS PROGRAMTOTAL
BELOW 8,2508000–80001120–1120
8250 – 8749.998500–85001190–1190
8750 – 9249.999000–90001260–1260
9250 – 9749.999500–95001330–1330
9750 – 10249.9910000–100001400–1400
10250 – 10749.9910500–105001470–1470
10750 – 11249.9911000–110001540–1540
11250 – 11749.9911500–115001610–1610
11750 – 12249.9912000–120001680–1680
12250 – 12749.9912500–125001750–1750
12750 – 13249.9913000–130001820–1820
13250 – 13749.9913500–135001890–1890
13750 – 14249.9914000–140001960–1960
14250 – 14749.9914500–145002030–2030
14750 – 15249.9915000–150002100–2100
15250 – 15749.9915500–155002170–2170
15750 – 16249.9916000–160002240–2240
16250 – 16749.9916500–165002310–2310
16750 – 17249.9917000–170002380–2380
17250 – 17749.9917500–175002450–2450
17750 – 18249.9918000–180002520–2520
18250 – 18749.9918500–185002590–2590
18750 – 19249.9919000–190002660–2660
19250 – 19749.9919500–195002730–2730
19750 – 20249.9920000–200002800–2800
20250 – 20749.9920000500205002800702870
20750 – 21249.992000010002100028001402940
21250 – 21749.992000015002150028002103010
21750 – 22249.992000020002200028002803080
22250 – 22749.992000025002250028003503150
22750 – 23249.992000030002300028004203220
23250 – 23749.992000035002350028004903290
23750 – 24249.992000040002400028005603360
24250 – 24749.992000045002450028006303430
24750 – 25249.992000050002500028007003500
25250 – 25749.992000055002550028007703570
25750 – 26249.992000060002600028008403640
26250 – 26749.992000065002650028009103710
26750 – 27249.992000070002700028009803780
27250 – 27749.9920000750027500280010503850
27750 – 28249.9920000800028000280011203920
28250 – 28749.9920000850028500280011903990
28750 – 29249.9920000900029000280012604060
29250 – 29749.9920000950029500280013304130
29750 – Over200001000030000280014004200

What are the Contribution Rates for OFWs?

There are two categories for OFW contribution rates: land-based and sea-based. In both categories, the rates are based on monthly income, ensuring fair and balanced contributions for all. The contribution rates for both land-based and sea-based OFWs are as follows:

For those OFWs who earn a monthly salary of ₱10,000.00 or less, their contribution rate is fixed at 14% of their regular monthly salary credit. For example, if one OFW’s salary credit is at ₱8,000.00, the contribution rate would be ₱1,120.00.

₱8,000.00 (monthly salary credit) x 14% (fixed contribution rate) = ₱1,120.00

For OFWs that are earning ₱20,000.00 monthly salary or more, the contribution rate is also fixed at 14% of the monthly salary and Worker’s Investment and Savings Program (WISP). So for example, if you have a monthly salary of ₱20,000.00 and a WISP worth ₱2,000.00, then your SSS contribution should be ₱3,080.00

₱20,000.00 (monthly salary credit) + ₱2,000.00 (WISP) x 14% (fixed contribution rate) = ₱3,080.00

Benefits of Contributing to SSS as an OFW

Contributing to the SSS offers several benefits for OFWs:

Social Security Benefits – OFWs that are members of the SSS are entitled to a range of social security benefits, such as sickness, maternity, disability, retirement benefits, and death insurance.

Coverage for Dependents – OFWs are able to extend their SSS coverage to include their family members, ensuring that their families are also protected under the SSS system.

Loan Eligibility – Another benefit of being an active member is that they are able to apply for loans such as salary loans, calamity loans, and housing loans as long as they have made sufficient contributions.

Portability of Benefits – Contributions made by OFWs are portable, meaning they can continue to enjoy SSS benefits even if they return to the Philippines and become employed locally.

SSS Contributions Guidelines OFW

Determining Social Security System (SSS) contributions for Overseas Filipino Workers (OFWs) involves understanding the specific guidelines and requirements set by the Philippine government. Here’s a general overview of how it typically works:

Membership Categories – OFWs are categorized under the SSS as voluntary members which means that they have the option to continue their SSS membership even while working abroad.

Contribution Rates – The SSS contribution rates are based on the OFW’s declared monthly income, which should be at least equal to the minimum monthly salary credit (MSC). The MSC is determined by the SSS and is used as a basis for computing contributions.

Monthly Salary Credit (MSC) – The MSC determines the amount of contributions and benefits a member can receive OFWs need to declare their monthly income accurately to ensure correct contributions.

Payment Modes – OFWs have different options for paying their SSS contributions, which can include accredited payment centers abroad or through online payment channels.

Benefits – By being an active member and paying contributions regularly, OFWs are entitled to various SSS benefits such as maternity, sickness, disability, retirement, and death benefits, among others.

Updating Contributions – OFWs should regularly update their contributions to ensure they receive the full benefits entitled to them under the SSS program.

FAQs

What is the SSS Contribution Table for Overseas Filipino Workers (OFWs)?

The SSS contribution table for OFWs specifies the contribution amounts based on monthly salary brackets and outlines the minimum and maximum contributions, ensuring that OFWs contribute proportionately to their income.

How are SSS contributions calculated for OFWs?

SSS contributions for OFWs are calculated based on their monthly income. The contribution rate is applied to the declared monthly salary, determining the amount to be paid by the member.

What are the current contribution rates for OFWs?

As of the latest update, the contribution rate for OFWs is 14% of the monthly salary credit, with the member paying the entire contribution if there is no employer counterpart.

Can OFWs adjust their SSS contributions based on income changes?

Yes, OFWs can adjust their SSS contributions if there are changes in their income. They just need to update their salary information with the SSS to reflect the new contribution amount accurately.

How can OFWs register and start paying their SSS contributions?

OFWs can register for SSS by completing the Overseas Worker Record form (SSS Form OW-1) and submitting it to an SSS office or partner abroad.

What benefits do OFWs qualify for by contributing to the SSS?

By contributing to the SSS, OFWs qualify for several benefits, including:

  1. Retirement Pension – Regular income upon reaching retirement age.
  2. Disability Pension – Financial support in case of disability.
  3. Survivor’s Pension – Monetary benefits for beneficiaries upon the member’s death.
  4. Maternity and Sickness Benefits – Compensation for eligible maternity and illness-related absences.
  5. Loans – Access to salary, housing, and business loans.

Are there exemptions or special considerations for OFWs regarding SSS contributions?

There are no exemptions for OFWs from SSS contributions.

What are the penalties for late or missed SSS contributions for OFWs?

Late or missed SSS contributions incur penalties, including interest and fines. However, the specific penalties vary depending on the duration and amount of missed contributions.

Conclusion

Understanding the SSS contribution table is very important for OFWs as it not only secures their future but also provides immediate benefits to them and their families. By contributing to the SSS, OFWs ensure financial stability during unforeseen circumstances and retirement, making their hard-earned income work for their long-term welfare. Lastly, keeping track of contributions and staying informed about the SSS allows OFWs to maximize the benefits offered by the SSS.