May 26, 2021
REPUBLIC ACT NO. 11548
AN ACT GRANTING THE PRESIDENT OF THE PHILIPPINES THE POWER TO DEFER THE INCREASES IN CONTRIBUTIONS OF THE SOCIAL SECURITY SYSTEM FOR THE DURATION OF THE STATE OF CALAMITY UNDER PROCLAMATION NO. 929, S. 2020, AS AMENDED BY PROCLAMATION NO. 1021, S. 2020, AMENDING SECTION 4 (a) (9) OF REPUBLIC ACT NO. 11199, ALSO KNOWN AS THE "SOCIAL SECURITY ACT OF 2018"
SECTION 1.Section 4 (a) (9) of Republic Act No. 11199, also known as the "Social Security Act of 2018," is hereby amended to read as follows:
"SEC. 4.Powers and Duties of the Commission and SSS. —
"(a)The Commission. — For the attainment of its main objectives as set forth in Section 2 hereof, the Commission shall have the following powers and duties:
"xxx xxx xxx;
"(9)To implement the rate of contributions as well as the minimum and maximum monthly salary credits in accordance with the following schedule effective...
Amending the Social Security Act of 2018 (Republic Act No. 11199)
- Grants the President the power to defer the 2021 increase in contribution rates and monthly salary credits for the duration of the state of calamity under Proclamation No. 929, s. 2020, as amended by Proclamation No. 1021, s. 2020. (Section 1)
• The scheduled contribution rates and monthly salary credits for other years remain valid and effective.
- Contribution rates and monthly salary credits schedule: (Section 1)
• 2019 and 2020: 12% contribution rate (8% employer share, 4% employee share), minimum monthly salary credit of P2,000, maximum monthly salary credit of P20,000.
• 2021 and 2022: 13% contribution rate (8.5% employer share, 4.5% employee share), minimum monthly salary credit of P3,000, maximum monthly salary credit of P25,000.
• 2023 and 2024: 14% contribution rate (9.5% employer share, 4.5% employee share), minimum monthly salary credit of P4,000, maximum monthly salary credit of P30,000.
• 2025: 15% contribution rate (10% employer share, 5% employee share), minimum monthly salary credit of P5,000, maximum monthly salary credit of P35,000.
- Domestic workers or "kasambahays" receiving a monthly income lower than the minimum monthly salary credit shall pay contributions based on their actual monthly salary. (Section 1)
- Members subject to compulsory coverage and receiving a monthly income lower than the minimum monthly salary credit or more than the maximum monthly salary credit, and their employers, shall pay contributions based on the current minimum monthly salary credit or the maximum monthly salary credit, respectively. (Section 1)
- The Social Security Commission, after consultation with stakeholders, may recommend to the President the suspension of the 2021 increase in contribution rates and monthly salary credits for the duration of the state of calamity. (Section 1)
- No changes in implementing rules or administrative procedures shall be introduced by the Social Security Commission that will defer disbursement of benefits presently being enjoyed by its members. (Section 1)
- The rate of penalty on unpaid loan amortizations shall be determined and fixed by the Commission from time to time through rules and regulations on the basis of applicable actuarial studies, rate of benefits, inflation, and other relevant socioeconomic data. (Section 1)