Estimate your monthly SSS retirement pension using the highest of the three statutory formulas.
Estimated monthly pension
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Formula 1
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Formula 2
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Minimum floor
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Worked example
Take an Average Monthly Salary Credit of 20,000 pesos and 25 credited years of service. Formula one adds 300 to 20% of the salary credit, which is 4,000, plus 2% of the salary credit for each year beyond 10. With 15 extra years that 2% layer is 0.02 times 20,000 times 15, or 6,000. So formula one is 300 plus 4,000 plus 6,000, which is 10,300. Formula two is a flat 40% of the salary credit, 8,000. The minimum floor for 20 or more years of service is 2,400. The SSS pays whichever is highest, so the monthly pension is 10,300. A 13th-month pension equal to one month is also paid each December, on top of the twelve monthly payments.
| Formula | Monthly (PHP) |
|---|---|
| Formula 1: ₱300 + 20% + 2% per year over 10 | ₱10,300 |
| Formula 2: 40% of salary credit | ₱8,000 |
| Minimum floor (20+ years) | ₱2,400 |
| Pension paid (highest) | ₱10,300 |
How it is calculated
The SSS retirement pension is the highest of three statutory results computed on your Average Monthly Salary Credit, the average of the salary credits used for your contributions, and your credited years of service. The first formula is 300 pesos plus 20% of the salary credit plus 2% of it for every year of service beyond the first ten, so it rewards both higher contributions and a longer career. The second is a flat 40% of the salary credit. The third is a minimum floor that rises with service, from 1,000 pesos under 10 years to 1,200 from 10 to 19 years and 2,400 at 20 years or more. The calculator runs all three and reports the largest, since that is what the SSS pays. A 13th-month pension is paid each December as well. This is an estimate: the actual pension depends on the precise salary credits posted over your highest- earning years and on any future SSS adjustments, so treat it as a planning guide rather than a guaranteed figure.