The Social Security System (SSS) doesn't define a single "SSS salary" amount; instead, SSS contributions are based on an employee's monthly salary credit, which falls within a range.
Here's a breakdown:
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Salary Credit Range: The salary credit range for SSS contributions is currently between ₱4,000 and ₱30,000. This means that regardless of your actual salary, the SSS contribution calculation will be based on a figure within this range.
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Contribution Calculation: Your SSS contribution is a percentage of your salary credit. This percentage is split between the employer and the employee. The contribution table determines the exact amount based on the salary credit.
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Example: Let's say an employee earns ₱25,000 per month. In this case, their salary credit for SSS contribution purposes will be ₱25,000 (as it falls within the ₱4,000 to ₱30,000 range). The contribution amount will then be determined based on the SSS contribution table for the ₱25,000 salary credit.
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Why the Range? The salary credit range ensures that even lower-income earners contribute to the SSS and receive benefits, while also capping the contribution amount for higher-income earners. This helps to maintain the sustainability of the SSS fund.
In summary, there isn't a fixed "SSS salary." Your contribution is calculated based on your salary credit, which is your actual salary within the range of ₱4,000 to ₱30,000. Consult the latest SSS contribution table for precise contribution amounts.
