How to Compute SSS Monthly Pension

The significant reason to have an SSS Monthly Pension is once you retire, you can enjoy the retirement benefits as long as you have completed the 120 monthly premium contributions.

You have two ways to avail the retirement benefits from SSS either through monthly pension or lump sum amount.

An SSS member can only avail the SSS monthly pension when he/she has paid the required monthly premiums before the time of retirement.

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3 ways how the monthly pension is computed:

Using Formula 1  ₱300 + 20% of the average monthly salary credit + 2% of the average monthly salary credit for each “Credited Year of Service” exceeding to 10 years read more