You can compute your estimated SSS pension now using the SSS retirement benefits calculator online. The calculator will calculate the amount of monthly pension that you will receive from SSS when you reach the earliest retirement age of 60 or the mandatory retirement age of 65 in the Philippines.
SSS has made an online pension calculator through its official website to help contributing members calculate their monthly pension when they retire.
To compute SSS Pension online for retirees, visit the SSS website, then tap the “Pension Calculator” link, select your monthly salary, select the age you start contributing to SSS, and tap the Calculate button. Below is the 4-step guide.
Step 1: Visit the SSS website
The official website of SSS is www.sss.gov.ph. The URL address on your preferred browser and hit Enter.
Step 2: Tap the Pension Calculator Link
Scroll to the bottom center of the SSS website then tap the Pension Calculator link.
Step 3: Enter the required personal information then tap the Calculate button
Using the respective dropdown menus, select your monthly SSS contributions or your monthly salary, and select the age when you start contributing to SSS. Afterward, double-check the information, then tap the Calculate button.
Step 4: View your estimated monthly SSS pension on your retirement
The pension calculator will show you the monthly pension (in Philippine pesos), the earliest age that you can apply for retirement, and the total pension that you will receive after 10 years, and 20 years, respectively.
Here is the SSS Pension Sample Computation
Here is the sample computation of the SSS Pension based on the minimum wage of 610.00 Philippine Pesos per day in Metro Manila.
If you are working for 22 days for a month and your wage is 610 pesos, then your monthly salary is calculated as 22 × 610 pesos, equivalent to 13420.00 Pesos. You started contributing to SSS at the age of 22.
Encode your monthly salary and age to the online calculator. Based on the online calculator you will have a monthly pension of 11560 Pesos when you retire at age 60.
How much monthly pension can Retirees receive from SSS?
The monthly pension that retirees can receive from SSS is between 2000 pesos and 20000 pesos. This highly depends on the amount of their monthly contribution to SSS.
How to Check with SSS if you are Eligible for Retirement?
To check with SSS if you are eligible for retirement, visit the SSS website and log in to your user account. On the homepage, mouseover to the “Inquiry” tab, then to “Eligibility,” and then to “Retirement.” Type in the “date of contingency” and tick the required information applicable to you. Afterward, tap Submit.
The “Eligibility” page will show the earliest retirement date, the total number of posted contributions, and the date of contingency considered. Roughly, it is the summary of your data with SSS.
What is the meaning of Date of Contingency in SSS?
For retirees, the meaning of the Date of Contingency in SSS is the date of separation from the job, the 120th or the last day of the voluntary member’s contribution, and the 60th birthday of the member.