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It’s better to just set things straight away: the pension you’ll receive from the SSS won’t be enough to fund your retirement plan. As early as now, invest in a retirement savings plan to provide for your future self to live comfortably beyond 60 years. Having said that, you should learn how to compute your SSS pension since it will become a consistent source of income when you’re past your prime. The amount you’ll receive may not be ideal for an extravagant lifestyle, but it’s better than not having any pension at all. As per Republic Act 11199 or the Social Security Act of 2018, SSS monthly premiums increase by 1% every other year until 2025. However, the Senate has recently approved Senate Bill 2027 that seeks to authorize the President to hold off the SSS contribution hike for a limited period of six months. The deferment could be extended for a further six months.[1] How will this contribution hike affect your SSS pension in the future? If you want to know how to compute your retirement pay from SSS, keep reading. Get your calculator ready and start planning the future with this helpful SSS pension computation guide. How to Compute Your SSS Pension There are two ways to calculate your monthly SSS pension. You can either compute manually or online using the SSS website. Manual SSS Pension Computation The big question you’re probably asking yourself is, “How much is my SSS pension?” Your SSS monthly pension will depend largely on your paid contributions, your number of active years as... The post SSS Pension Computation: How Much Will You Receive When You Retire? appeared first on Moneymax.