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Written Report Rate of Contributions Pacasum

The document outlines contribution rates for the Philippines social security system, with employees contributing 1% if earning less than 1500 pesos per month or 2% if earning more, and employers contributing 2% of monthly compensation up to a maximum of 5000 pesos.

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Aljomar Han Pacasum
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26 views1 page

Written Report Rate of Contributions Pacasum

The document outlines contribution rates for the Philippines social security system, with employees contributing 1% if earning less than 1500 pesos per month or 2% if earning more, and employers contributing 2% of monthly compensation up to a maximum of 5000 pesos.

Uploaded by

Aljomar Han Pacasum
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Rate of Contributions

For Employees:
1% - for employees earning not more than Php 1,500.00 per month; and
2% - for employees earning more than Php 1,500.00 per month.
For Employers:
2% of the monthly compensation of all covered employees.
The maximum monthly compensation to be used in computing the employee and
employer contributions is Php 5,000.00. This maximum may be modified from time to time
by the Board of Trustees, taking into consideration actuarial calculations and rates of
benefits.

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