SSS Retirement Pension
Calculator
Estimate your monthly retirement benefits based on your Average Monthly Salary Credit (AMSC) and your total Credited Years of Service (CYS).
Minimum Required
120
Months (10 Years) of contributions
Additional Benefit
₱1,000
Added to base pension (since 2017)
Calculation Methods
3 Formulas
You receive the highest amount
Retirement Age
60 / 65
Optional vs. Mandatory
Your Details
Estimated Monthly Pension
₱0.00
Includes the mandatory ₱1,000 additional benefit allowance.
Computation Breakdown
The SSS uses three formulas to calculate your base pension. You are legally entitled to the highest resulting amount among the three.
Formula 1
₱300 + (20% of AMSC) + 2% of AMSC per yr over 10 yrs
₱0.00
Formula 2
40% of Average Monthly Salary Credit (AMSC)
₱0.00
Formula 3
Minimum Pension (₱1,200 for 10-19 yrs, ₱2,400 for 20+ yrs)
₱0.00
Understanding Your Retirement Benefit
The SSS Retirement Benefit is a cash benefit granted to a member who can no longer work due to old age. It serves as a financial safety net for your sunset years.
Eligibility Rules
- • Age 60 (Optional): Must be separated from employment or ceased self-employment/OFW operations.
- • Age 65 (Mandatory): Pension is granted regardless of current employment status.
- • Contributions: Must have paid at least 120 monthly contributions prior to the semester of retirement.
Payment Options
- • 18 Months Advance: You can choose to receive your first 18 months of pension in a single discounted lump sum upon retirement.
- • Monthly Pension: Standard lifetime monthly payout. Starts immediately, or resumes after the 18th month if advance was taken.
- • 13th Month: Pensioners are entitled to a 13th-month pension every December.
Maximizing Your Pension
Because Formula 1 relies heavily on your Credited Years of Service (CYS) and your Average Monthly Salary Credit (AMSC), the best way to ensure a high pension is to consistently pay SSS contributions over a long period.
Voluntarily increasing your MSC to the maximum (currently ₱30,000) during the last 5 to 10 years before your retirement will significantly bump up your AMSC, triggering a much higher lifelong payout.
