Iris Perez | November 27, 2019
2 min read
Every business industry cannot escape the need for manpower, and yes, salaries or compensation comes in.
In the Philippines, salaries, wages, compensations, or whatever the term that is called out of income from human labor is being integrated by the government mandate for what is known as employee benefits. Examples for these are SSS, Philhealth, Pag-ibig or HDMF. Now, let’s talk about SSS.
Another thing is that the SSS also offers loan services to members and as well as maternity benefits to pregnant women. When it comes to deceased persons, SSS also facilitates death benefits and will also give a certain amount to the dependents of the deceased until it reaches the legal age of 18 years old.
Now, let’s move on to the terms of contribution. There are 2 modes of remitting your SSS contribution and these are:
What’s the difference?
· Unlike the self-employed, contributions for employed persons have counter contributions from their employer which makes the amount of contribution larger than the former.
How to know the amount of contribution?
· The SSS provides the table for the contribution that serves as the guide of what amount of contribution are you going to pay base on your salary range.
How to know if your employer remits your contribution?
The image on the left shows you how to inquire using SMS.
The latest one is the “mobile-based inquiry”. This is where you check your contributions on your smartphone through the SSS app which can be downloaded from the Google Playstore.