SSS Pension Booster Announced: What is it? How to Benefit from it? All Details are available here this article provides more information for you to consider. SSS (The Social Security) Pension Booster is a retirement savings program in the Philippines that allows member to increase their pension savings. In 2025, the SSS contribution rate will increase to 14% of the Average monthly salary credit to ensure the sustainability of the pension system.
SSS Pension Booster
This SSS Pension Booster previously known as the workers’ investment and saving program, allows members to save and withdraw their money partially or in full after 5 years in the program.
What is SSS Pension Booster?
Members earning more than P20,000 are automatically enrolled on the Pension Booster Scheme, which allows members to earn more than the contribution ceiling. Currently, SSS contributes 14% of the monthly salary equally by the employees and employer with a salary cap of 30,000 pesos.
The maximum SSS Pension Amount in 2025
| Credited Years Of Service (CYS) | Pension Formula |
| 10-20 years | ₱1,200 (fixed) |
| Over 20 years | ₱2,400 + ₱1,000 additional benefit |
| More than 10 Years | 20% of AMSC + ₱300 |
| Each additional year | 2% of AMSC for every credited year |
The Philippines pension fund Social Security System (SSS) has launched a new programme which will allow members to add more to their pension savings on top of monthly contributions. The programme called Pension Booster is mainly targeted at professionals and middle-class workers, SSS says in a statement on October 9.
There is no maximum limit on how much one can fill. According to the scheme, members need to fill at least 500 pesos into their savings account. Members earning more than P20,000 are automatically enrolled on the Pension Booster scheme.
Currently, SSS contributions of 14% of monthly salary are shared equally by the employee and employer with a salary cap of 30,000 pesos. If an employee makes 50,000 pesos a month the SSS contribution will remain at 4,200 Pesos(14% of 30,000 pesos).
SSS pension loan is a safe and secured loan privilege for retiree pensioners who will meet the following conditions: Must be 85 years old or below at the end of the monthly loan term. The PLP was launched to assist retirement pensioners in their short-term financial needs by offering a loan at a low interest rate of 10% per annum.
An SSS retiree is allowed to monthly pension for as long as he lives. The maximum pension limit is 50% of the highest pay in the Government of India per month.
SSS Pension Booster requirements:
- Be an SSS member without a final benefit claim, such as retirement, death, or total disability
- Have a monthly salary credit (MSC)of more than PHP20,000
- Have at least one posted contribution
- have not filed a final claim yet
Requirements for mandatory and voluntary participation
- Mandatory Participation:- SSS members with a monthly salary credit of more than PHP20,000 are automatically enrolled in the mandatory saving scheme.
- Voluntary participation:- All SSS members can participate in the voluntary saving scheme with at least 1 posted contribution and no final claim yet.
Members have to pay at least 120 monthly contributions to the SSS during their working years to be eligible for a monthly pension.
Benefits from the SSS Pension Booster to the Philippines
To benefit from the SSS pension in the Philipines, You can apply for different types of benefits, including:
Unemployment benefit
You can file a claim online by logging into your My.SSS account, clicking “Unemployment Benefit” and providing your UMID-ATM card or preferred disbursement account.
Disability benefit
You can apply using the Disability Claim Application from a Members photo and Signature from and an SSS Medical Certificate form.
Types of Disability Benefits
- Monthly Pension- It is a cash benefit paid to a disabled member who has paid at least 36 monthly contributions to the SSSprior to the semester of disability.
- Lump sum amount– It is granted to members who have not met the required 36 monthly contributions to qualify for the pension.
Death benefit
The primary beneficiaries of a deceased member are entitled to a 13th-month pension and a funeral benefit.
Types of Death Benefits
- Monthly pension- A lifetime cash benefit paid to the primary beneficiaries of deceased members who had paid at least 36 monthly contributions before the semester of death.
- Lump sum benefit – A one-time cash benefit paid to the primary beneficiaries of a deceased member who had paid less than 36 monthly contributions before the semester of death.
- Contribute to the SSS program: You should be an employed member who contributes to the SSS program regularly and has a monthly Salary Credit (MSC)that is more than is more than ₱20,000.
- Avoid filing a final benefits claim: If you have not filed a benefit claim yet.
- The social security system in the Philippines provides a monthly pension to retirees people with disabilities and the dependents of deceased contributions.
- Withdrawal is allowed in the 1st year but only in case of members’ extreme hardship situations such as critical illness, involuntary separation from employment and other similar situations as determined by the SSS.
- Members enrolled in the program for 2 to 4 years are also allowed to withdraw their savings partially or in full, but reduce income depending on the years of membership.
- Members have the option to withdraw, partially or in full, their savings from my pension booster, from the 5th year in the program onwards.
Conclusion
The SSS Pension Booster initiative represents a significant stride in safeguarding the financial well-being of Filipino workers, aligning with the national government’s objectives of fostering inclusive economic growth. SSSprograme allows members to increase their pension saving by contributing more than their monthly contributions.