Section 18June 18, 1954, Sec./Art. 18

Employee's Contribution. (a) Beginning as of the last day of the calendar month when an employee's compulsory coverage takes effect and every month thereafter during his employment, the employer shall deduct and withhold from such employee's monthly salary, wage, compensation or earnings, the employee's contribution in an amount corresponding to his salary, wage, compensation or earnings during the month in accordance with the following schedule effective on January 1, 1987:

Salary Bracket Number

Range of Compensation

Monthly Salary Credit

Monthly Contribution

Employer

Employee

Total

I

P 1 - 149.99

P 125.00

P 6.40

P 4.10

P 10.50

II

150 - 199.99

175

9

5.7

14.7

III

200 - 249.99

225

11.4

7.5

18.9

IV

250 - 349.99

300

15.2

10

25.2

V

350 - 499.99

425

21.6

14.1

35.7

VI

500 - 699.99

600

30.4

20

50.4

VII

700 - 899.99

800

40.5

26.7

67.2

VIII

900 - 1099.99

1,000.00

50.7

33.3

84

IX

1100 - 1399.99

1,250.00

63.3

41.7

105

X

1400 - 1749.99

1,500.00

76

50

126

XI

1750 - 2249.99

2,000.00

101.3

66.7

168

XII

2250 - 2749.99

2,500.00

126.7

83.3

210

XIII

2750 - OVER

3,000.00

152

100

252

The tabulated schedule for the monthly contribution of the self-employed and voluntary members effective January 1, 1987 shall be as follows:

Salary Bracket Number

Range of compensation

Monthly Salary Credit

Monthly Contribution

I

P 1 - 149.99

P 125.00

P 10.00

II

150 - 199.99

175

14

III

200 - 249.99

225

18

IV

250 - 349.99

300

24

V

350 - 499.99

425

34

VI

500 - 699.99

600

48

VII

700 - 899.99

800

64

VIII

900 - 1,099.99

1,000.00

80

IX

1,100 - 1,399.99

1,250.00

100

X

1,400 - 1,749.99

1,500.00

120

XI

1,750 - 2,249.99

2,000.00

160

XII

2,250 - 2,749.99

2,500.00

200

XIII

2,750 - OVER

3,000.00

240

The maximum covered earnings or compensation of all SSS members shall be limited to three thousand pesos per month as provided in the foregoing schedules unless otherwise provided by the Social Security Commission through rules and regulations taking into consideration actual calculations and rate of benefits. (As amended by Sec. 10, R.A. 1792; Sec. 11, R.A. 2658; Sec. 10, P.D. No. 24, S-1972; and Sec. 9, P.D. No. 1202, S-1986)

(b) Every employer shall issue a receipt for all contributions deducted from the employee's compensation or shall indicate such deductions on the employee's pay envelopes. (As amended by Sec. 12, P.D. No. 1636, S-1979)