Once these calculations have been made, in order to calculate the salary differential to be paid by the employer, the following computations should take place: COMPUTATION OF SALARY DIFFERENTIAL The employer shall pay the salary differential between the full salary of female worker during her maternity leave and the actual cash benefits received from the Social Security System (SSS) which shall be computed as follows: 1. On the other hand, if you’re self-employed, or have voluntary members/non-working spouses, the minimum contribution is P240 and P2,400 respectively. SSS maternity benefit computed based on their average daily salary credit and; Salary differential to be paid by the employer, if any. sss deduction 2020, Maternity leave benefits shall still be enjoyed even if female worker has a pending administrative case. This will be deducted from your Full Pay, for this example, the MSC of the member is 12,000 PHP, Subtract the SSS Maternity Benefit to the amount of Full Pay less Social Contributions. 2 Replies. As such, the salary differential, being part of the maternity benefit, shall be treated under the same tax rules with the actual cash benefit received from the SSS. Since the new law has been expanded from the SSS maternity benefits to full pay or salary which includes now the salary differential as its component, it is clear that the salary differential is part basic salary which will be part of the gross income of the female employee as per Sec. Guide on the SSS Loanable Amount Under Salary Loan SSS LOANABLE AMOUNT – Here is a guide on the amount that you can borrow from the Social Security System through its Salary Loan. 3. The use of the PRN of SSS loan payments will be mandatory on February 1, 2021. sss deduction, Example, kapag March 2021 manganganak, gagamitin ng SSS ang 6 highest salary credits within Oct 2019 to Sep 2020. At least 72 monthly contributions = two-month salary For example, if you are receiving Php 15,000.00 every month, your maximum loanable amount under this loan offer is twice your monthly salary or Php 30,000.00. As such, each year, the SSS releases a new table and schedule of fees showing how much the members, both employees, and employers, need to pay as contributions monthly. As used in our income tax law, “income” refers to the flow of wealth. (take note that Leave Application and Maternity Notification are different), Here are the Maternity Benefit Forms you will be needing. SSS Contributions Table and Payment Deadline 2020 Posted By: sssinquiries_administrat0r December 26, 2019 If you want to download the SSS Contributions Table 2020, then you may double click this image and save on your phone for your handy reference Deduct the amount of SSS maternity leave benefit from the amount of full pay, net of social contributions. 2 Like. You must have posted at least 36 monthly contributions to avail of a one-month loan, or at least 72 monthly contributions for a two-month loan. Female workers who availed of the ML benefits shall be assured of security of tenure, ML benefits shall not be used as basis for demotion in employment or termination. We are continuously working with Certified Public Accountants when making changes to this app. Thus: Salary Differential (SD) = FP – SSSMB. Share. The SSS will only be accepting applications from April 16, 2020, to April 30, 2020. Full Pay refers to actual remuneration of earnings paid by an employer to a worker for services rendered on normal working days and hours not lower than the wage rate fixed by the Regional Tripartite wages and Productivity Board including allowances provided for under existing company policy or collective bargaining agreement, if any, Full Pay in the public sector includes the basic salary and allowances as may be provided under existing guidelines. SSS Maternity Benefit (SSMB) = [(MSC x 6) / 180] x 105. So if you are an SSS individual member who wants to pay your SSS loan online, we’ve come up with this tutorial to help you in paying your loan dues through the Internet. This means government nurses will be receiving salary differentials as if they already have the new SG salaries beginning January 1, 2020. The national average salary for a Sss is $43,406 in United States. Additionally, the table’s monthly salary credit (MSC) will also be based on your salary bracket. 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Ang salary differential po ay ganito. SSS MONTHLY DEDUCTION 2020 – Every month, working-class Filipinos enrolled in the Social Security System gets a deduction in their salary as a contribution to their SSS membership. A huge part of the Filipino populace in the Philippines are members of the Social Security System ( SSS ), a state-run institution that provides insurance to people working in private companies and sector. Employer and Employee will also receive an email regarding regarding the submission of Maternity Notification, Divide the total monthly salary credit by, Factor: 313 (for 1 rest day) or 261 (for 2 rest day/s), Child’s Father – married or not to the female member, or, Alternative Caregiver – relative or current partner sharing the same household, that the maternity leave benefit has not yet been settled; and, subject to submission of proof of member’s death or incapacity and compliance to applicable SSS rules. If you don’t have an account, registered first at My.SSS. Assuming MSC is P20,000.00. Salary differential refers to the difference that shall be shouldered by the employer when the actual cash benefit received from the Social Security System (SSS) is less than the full pay or full salary of the female employee during the duration of the maternity leave. Existing maternity benefits currently enjoyed under CBA, CNA, or present laws shall still be granted, if the same are more beneficial to the female worker. SSS Monthly Deduction 2020. SSSMB = [(P20,000.00 per month x 6 months) / 180 days] x 105 days = [P120,000 / 180 days] x 105 days = P666.666667 per day x 105 days = P70,000.00. : SSS Hotline: 1455: Asia: Middle East: Europe: SSS Trunkline No. Filter by location to see Sss salaries in your area. Paid maternity leave and allowances and benefits granted to female national athletes. You will also receive an email regarding the, Add the Employee from the list. Here is the payment schedule for SSS members both employees and employers: Thanks for reading. SSS Salary Differential. 2022 Elections: Are these Politicians Running for President/Vice President? This will differ for each employee and will be based on SSS formulae/computations. Employer shall pay to the SSS damages equivalent tot he benefits the female employee is entitled to in any of the following instances: Overall, the benefit of the member is inline with the contribution that you remit with SSS. The Republic Act No. Maternity Benefit filing period is within 10 years from the date of delivery, miscarriage or emergency termination of pregnancy, For Employers filing maternity reimbursement claims of their former female employees who were not able to submit the required documents, For female members who delivered live child but resulted to death of the newborn, For Still Birth (Fetus died before or during labor/delivery). We created this to allow individuals to have an idea on how much their net pay would be. A quick summary of all computations done above: A female member can fill out the Allocation of Maternity Leave Credits form and have an option to allocate up to 7 days of its maternity leave credits to: The maternity leave benefits shall accrue to the child’s father or to a qualified alternative caregiver subject to the following conditions: Grant of Maternity Leave Benefit after Termination of Employment. “This is more than double the previous maternity benefit of PHP32,000,” Ignacio said. How can employers apply? Since SSL-5 is effective January 2020, the DepEd Finance offices will compute and release salary differential starting January 2020 up to period when funding is available at DepEd level. This tops out at a total contribution of P250. He/she has used up all co… Enter the following details of the Employee. This is also improved to provide women with ample transition time to regain health and overall wellness as well as to assume maternal roles. Any other working arrangement which the female worker shall agree to and consented to in writing, during the additional maternity leave period, shall be allowed. Davao Oriental Jolted by 4.2 Magnitude Earthquake Today, EARTHQUAKE: 3.1 Magnitude Quake Hits Surigao del Sur, Batangas Rocked By 4.5 Magnitude Earthquake Today, EARTHQUAKE: 4.0 Magnitude Quake Hits Surigao del Sur, Harry Roque Wants To Remain As Spox, No Plan For Senate Due To This. Under the new SSS law, the highest Monthly Salary Credit or MSC for the year 2021 is P25,000 — up from the previous maximum MSC of P20,000 in 2020 — which means the member’s premium contribution will now be based on this P25,000 MSC. Please do not use the app as a replacement for a payroll personnel or accounting department. (Application for exemption shall be submitted to DOLE every 1st quarter of the year) SD = P104,985.417 – P70,000.00 Step 2: Once you access your My.SSS account, Under e-services, click the Salary loan and then input the required details needed. sss deduction 13th month, 2 Reply. Transfer to a parallel position or reassignment from one organizational unit to another in the same agency or private enterprise shall be allowed; Provided, that it shall not involve a reduction in rank, status, salary, or otherwise amount to constructive dismissal. The new law has also increased the minimum MSC from Php 2,000 in 2020 to Php 3,000 in 2021. For comments, concerns and inquiries contact: International Toll-Free Nos. Kunwari ang monthly sweldo mo ay 30k. How much does a Sss make? Maternity leave with full pay is granted even if the childbirth, miscarriage, or ETP occurs not more than 15 calendar days after the termination of service, as her right thereto has already accrued. 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