Hi Jane, you have 13 years to contribute before turning 60. Let’s say you increased your contributions for your last 60 months before turning 60 to 550 (salary credit of 5,000). Your pension will be the higher result using these 2 formulas:
1. 300 plus 20% of 5000 plus [(2% of 5000) x (13 years – 10 years)]
300 + 1000 + 300 = 1,600
2. 40% of 5000 = 2000
Your pension will be 2,000 because it is the higher result.
By the way, you should start paying as employed, OFW or self-employed, and not voluntary. How to register with SSS as self-employed
Hi I am an Australian & come to Cuenca in Batangas every January & February each year & am looking to purchase a Yamaha Sporty or similar machine on my return in January 2015, I was looking at the machines at a Motortrade showroom at Lipa 1 Bayan, in February this year (2014) & am trying to contact that showroom via Email, to get some prices on different models & start the process to purchase a new machine ready before I arrive back into the Philippines January 2015, can anyone reading this please advise me of a contact Email address for this showroom, sales person I spoke to was a “Lea”, my name is Geoff & my contact Email address for this matter is :- [email protected]