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    Date: 2021-09-27 20:25:55.480089

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    Date: 2022-01-06 13:24:15.997898

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Information / Simulation Spreadsheet on How Monthly Pension is Derived

Requested from SSS by C. Yu at 08:25 PM on Sep 27, 2021.
Purpose: To understand how the SSS monthly pension is computed
Date of Coverage: 08/01/1982 - 08/30/2021
Tracking no: #SSS-744448355295

Yu 08:25 PM, Sep 27, 2021 

Hi,

I am trying to understand how monthly pension is derived in relation to the credited years of service (CYS) and average monthly salary credit (AMSC). I know there is a calculator in the website but it does not really explain the logic behind CYS and AMSC per SSS Act of 2018.

I'd like to request a spreadsheet or material simulating the monthly pension computation with the following considerations:

1. There is at least 20 CYS
2. First contribution started in 1982
3. Different contribution amounts across months and years to better visualize CYS and AMSC assessment

SSS 01:24 PM, Jan 06, 2022 

January 6, 2022

Dear Cristina Yu,

Greetings!

Thank you for your request dated Sep 27, 2021 08:25:55 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for Information / Simulation Spreadsheet on How Monthly Pension is Derived.

Response to Request

Your FOI request is approved. 
Kindly visit crms.sss.gov.ph for assistance on pension computation.

Your right to request a review

If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.

If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).

Thank you.

Respectfully,

FOI Receiving Officer, SSS
FOI Receiving Officer

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