SSS Pension Guide: Estimate Your Monthly Retirement Benefits
Complete guide to SSS retirement pension. Learn the official formula, contribution requirements, and how to estimate your monthly pension.
Planning for retirement? Understanding how SSS computes your monthly pension is crucial. This guide covers the official formula and requirements.
SSS Pension Requirements
- At least 120 monthly contributions (10 years)
- Reached retirement age (60 or 65)
- Separated from employment (for optional retirement at 60)
Official Pension Formula
Your monthly pension is the higher of:
Formula 1: Computed Pension
₱300 + (20% × AMSC) + (2% × AMSC × (CYS - 10)) + ₱1,000
Formula 2: Minimum Guarantee
| Years of Service | Minimum Pension |
|---|---|
| 10-19 years | ₱1,200 |
| 20+ years | ₱2,400 |
Key Terms
Average Monthly Salary Credit (AMSC)
- Sum of last 60 monthly salary credits ÷ 60, OR
- Sum of all monthly salary credits ÷ total months
- Whichever is higher
Credited Years of Service (CYS)
Total years you’ve paid SSS contributions.
Retirement Age Options
Optional Retirement (Age 60)
- Must be separated from employment
- At least 120 monthly contributions
Mandatory Retirement (Age 65)
- Can be employed or unemployed
- At least 120 monthly contributions
- Generally higher pension due to more contributions
Additional Benefits
| Benefit | Amount |
|---|---|
| Monthly Allowance | ₱1,000 |
| 13th Month Pension | December |
| Dependent’s Pension | For qualified dependents |
2025 Contribution Rates
| Component | Rate |
|---|---|
| Total Rate | 15% |
| Employee Share | 5% |
| Employer Share | 10% |
| MSC Range | ₱5,000 - ₱35,000 |
How to Increase Your Pension
- Pay higher contributions - Maximize your MSC
- Continue working longer - More years = higher pension
- Avoid contribution gaps - Maintain consistent payments
- Consider SSS Pension Booster - Additional retirement savings
What If Under 120 Contributions?
If you don’t reach 120 contributions:
- Continue paying as voluntary member
- Or receive lump sum of total contributions plus interest
Filing Your Retirement
Apply 60 days before desired retirement date.
How Pension is Paid
| Method | Details |
|---|---|
| UMID Card | Enrolled as ATM |
| Bank Account | Through DAEM |
| Check | Special cases only |
Frequently Asked Questions
How many years do I need? Minimum 120 contributions (10 years) for pension eligibility.
What’s the maximum pension? No fixed maximum - depends on your AMSC and CYS.
Can I still work after 60? Yes, but you can only claim pension once separated from employment.
When should I apply? 60 days before retirement, not more than 1 year prior.
Contact SSS
| Channel | Contact |
|---|---|
| Hotline | 8920-6401 |
| Website | sss.gov.ph |
| My.SSS | member.sss.gov.ph |
| Official Calculator | member.sss.gov.ph/member/pbl/pencalc |
Use our SSS Pension Calculator to estimate your monthly retirement benefits based on your contributions and years of service.