New schedule of SSS contributions for all land-based OFWs effective January 2021

Pursuant to the enactment of Republic Act No. 11199, otherwise known as the Social Security Act of 2018, which includes a provision that increases the Social Security (SS) contribution rate to 13% and the maximum Monthly Salary Credit (MSC) to P25,000 effective year 2021, the new schedule of contributions of land-based OFW members is hereby issued and shall be effective for the applicable month of January 2021 as per Social Security Commission (SSC) Resolution No. 709-s.2020 dated 17 December 2020. Please note that the table below reflects the contributions for the Regular Social Security (SS) and the Mandatory Provident Fund (MPF) Programs that are administered by SSS.

Provided that, land-based OFW members who have already paid their contributions in advance for applicable months of January 2021 onwards based on the old contribution schedule are advised as follows:

1. Those with advance payments at the minimum MSC of P8,000 shall settle underpayments amounting to P80 per month to retain the posting of contributions at the same minimum MSC; otherwise, such advance payments shall be deemed as ineffective contributions; and
2. Those with advance payments at an MSC other than the minimum of P8,000 may opt to pay the corresponding increase in contributions to retain posting at the same MSC; otherwise, such advance payments shall be posted at the applicable lower MSC.

Please be guided accordingly.

Take note of the following due dates for your 2020 contribution payments!