#SSS contribution hike

The long-planned increase in contributions to the Social Security System (SSS) has officially kicked in, with rates increased to 15% since January 1st, 2025. The law mandates a gradual increase in contributions, with a 1% hike every two years, starting from 12% in 2019. The SSS defends the contribution hike, saying it strengthens the system and ensures better benefits and long-term financial security. The Social Security System (SSS) said today it has started implementing the provisions of the Republic Act of RA 11199 or the Social Security Act of 2018, which mandated a contribution hike to ensure the financial viability of the state pension fund for private sector workers. SSS President and Chief Executive Officer Rolando Ledesma Macasaet said the law-mandated contribution increase would translate to immediate benefits to the country’s 13 million workers and will ensure the viability of the SSS fund designed to provide them with social security protection. Under the law, SSS should gradually increase the contribution rate by one percentage point every two years until it reaches 15 percent by 2025. Diokno has expressed his support for the new contribution rate saying, “it is the right thing to do for the institution and its members.” Macasaet said the implementation of the contribution hike would eventually redound in a system that would serve workers better. Read more in our articles including "SSS increases contribution rate to 15% starting January 2025" and "SSS to increase Contributions to 14% this January 2023".