Philippines · Guide
How is the SSS retirement pension computed?
SSS pays the highest of three formulas, never less than ₱1,200 a month with 10 credited years or ₱2,400 with 20, then adds a ₱1,000 additional benefit. It is paid 13 times a year, as at 12 October 2026.
Key facts at a glance
- Formula 1: ₱300 + 20% of AMSC + 2% of AMSC per credited year over 10.
- Formula 2: 40% of your Average Monthly Salary Credit.
- Formula 3: ₱1,200 (10–19 years) or ₱2,400 (20+ years).
- A ₱1,000 additional benefit is added to every pension.
- A 13th month pension is paid every December.
All figures correct as at 12 October 2026, sourced from the SSS, GSIS and DSWD. Next review: 1 September 2027.
The three formulas
| Formula | How it works |
|---|---|
| 1 | ₱300 + 20% of AMSC + 2% of AMSC × (credited years − 10) |
| 2 | 40% of AMSC |
| 3 | ₱1,200 with 10 years; ₱2,400 with 20+ years |
Worked example: Ramon, AMSC ₱20,000, 25 credited years
Formula 1 gives ₱10,300.00, formula 2 gives ₱8,000.00, formula 3 gives ₱2,400.00. The highest is ₱10,300.00; adding the ₱1,000 benefit makes ₱11,300.00 a month, or ₱146,900.00 a year with the 13th month.
SSS Retirement Pension Estimator
Try your own figures.
Estimated result
₱11,300.00 a month
About ₱146,900.00 a year, including the 13th month pension paid every December.
- Formula 1: ₱300 + 20% of AMSC + 2% per year over 10
- ₱10,300.00
- Formula 2: 40% of AMSC
- ₱8,000.00
- Formula 3: minimum by years of service
- ₱2,400.00
- Highest of the three (basic pension)
- ₱10,300.00
- Additional benefit
- + ₱1,000.00
- If you take the 18-month advance at 60
- ₱203,400.00
This is an estimate based on the published rules and rates of the SSS, GSIS and DSWD, correct as at 12 October 2026. Confirm your actual entitlement with the SSS, GSIS and DSWD — your circumstances may include assessments this tool does not model.
Frequently asked questions
How is the SSS pension computed?
SSS pays the highest of: ₱300 + 20% of your Average Monthly Salary Credit + 2% of AMSC for each credited year beyond 10; 40% of AMSC; or the minimum pension (₱1,200 with 10 years, ₱2,400 with 20+). A ₱1,000 additional benefit is then added.
Is there a 13th month SSS pension?
Yes. Every retiree pensioner receives a 13th month pension each December, equal to one monthly pension.
What is the 18-month advance?
Retirees aged 60 to 64 can take the first 18 monthly pensions as a discounted lump sum. The monthly pension then starts after the 18 months are used up.
Does my SSS pension increase with dependents?
Yes. Each dependent child under 21, up to 5, adds 10% of the basic pension or ₱250, whichever is higher.
Researched and fact-checked by
researches Australian retirement and social security policy full time. Not a licensed financial adviser — every figure on this page is sourced from the SSS, GSIS and DSWD or the Social Security Act of 2018 (RA 11199), RA 8291 and RA 9994 as amended by RA 11916.
Last reviewed: 12 October 2026
Figures as at: 12 October 2026
Next review: 1 September 2027
Change log: Reviewed 12 October 2026; figures checked against official sources correct as at 12 October 2026.