New SSS Contributions Table for 2014

This post will give an insights for those members of Social Security System (SSS), Employers, Employees, Self-employed, Voluntary & OFW members. Effective on January 1, 2014 the new SSS contributions table of SSS in being implemented. On below image you will see the new SSS contribution Table 2014.




Brief details about SSS contribution table for 2014 effective for the applicable month of January 2014. The additional 0.6% in the contribution rate shall be shouldered equally by the employer(ER) and the employees(EE) who shall pay at 7.37%, respectively. Self-employed(SE), Voluntary members(VM) and OFW's shall pay at the total rate of 11%.

Check the SSS issued of Memorandum Circular 2013-010 dated October 2, 213