This video will guide you how to know your monthly SSS Pension Retirement.

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Retirement can be a daunting prospect, but it doesn’t have to be. Knowing how to compute your Social Security System (SSS) retirement pension can help you plan for the future and make sure you have a comfortable retirement. Here’s how to do it.

First, you need to determine your Average Monthly Salary Credit (AMSC). This is the average of your 36 highest monthly salary credits over the last 10 years of your employment. To calculate this, add up all 36 of your highest monthly salary credits, then divide the total by 36. This will give you your AMSC.

Next, you’ll need to know your Credited Years of Service (CYS). This is the number of years you worked and contributed to the SSS. This includes any years you were on maternity leave, sabbatical leave, or any other leave of absence.

Once you have both of these numbers, you can calculate your monthly pension. To do this, multiply your AMSC by your CYS, then multiply the result by 0.02. This will give you your monthly pension.

For example, if your AMSC is Php 15,000 and your CYS is 10 years, your monthly pension would be Php 3,000 (15,000 x 10 x 0.02 = 3,000).

It’s important to note that the SSS also provides additional benefits for those who have worked for more than 15 years. If you have worked for more than 15 years, you can get an additional 10% of your AMSC for each year of service beyond 15.

For example, if your AMSC is Php 15,000 and you have worked for 20 years, your monthly pension would be Php 4,500 (15,000 x 20 x 0.02 = 4,500).

Finally, you should also keep in mind that the SSS provides a maximum monthly pension of Php 15,000. This means that if your monthly pension calculation exceeds this amount, you will only receive Php 15,000.

Computing your SSS retirement pension can help you plan for the future and make sure you have a comfortable retirement. Knowing how to do it can make the process much easier and give you peace of mind.