Outsourcing Alerts

SSS Rationalization Act Signed into Law

Republic Act (RA) No. 11199 or "An Act rationalizing and expanding the powers and duties of the Social Security Commission to ensure the long-term viability of the Social Security System (SSS) " was approved by President Duterte last February 7, 2019.  The law provided for a gradual increase in monthly contributions from the current 11% to 12% effective January 2019.  It will further increase by 1% every other year until it reaches 15% in 2025.  It also provided the gradual adjustment of the minimum and maximum salary credit.

We are also attaching a copy of the signed RA No. 11199 for your guidance.  Please note that SSS has yet to release the implementing rules and regulations (IRR) for this law.