The Social Security System (SSS) has launched the MySSS Pension Booster program in 2025 to help members grow their retirement savings. It includes both mandatory and voluntary components and is designed to deliver higher earnings compared to traditional savings. The program is open to all SSS members, including employees, self-employed individuals, voluntary members, and overseas Filipino workers (OFWs). The government aims to provide a flexible and tax-free way for Filipinos to prepare for retirement with stronger financial stability.
SSS Pension Booster 2025 Announced
| Feature | Details |
|---|---|
| Program Name | MySSS Pension Booster |
| Year Launched | 2025 |
| Eligibility | All SSS members (employees, self-employed, voluntary members, OFWs) |
| Contribution Amount | Minimum ₱500 per payment; no maximum limit |
| Interest Rate (target for 2025) | 7.2% per annum |
| Tax Status | Tax-free on contributions and earnings |
| Withdrawal Options | After 1 year for hardship; after 5 years without penalty |
| Enrollment | Automatic for employees; optional for others via My.SSS online account |
| Official Link | See official SSS website |
Overview of the MySSS Pension Booster
The MySSS Pension Booster is a supplemental savings plan designed to increase the value of members’ retirement funds. It operates alongside the regular SSS pension scheme and allows members to contribute more voluntarily, with the benefit of tax-free earnings and compounding interest.
Mandatory and Voluntary Options
The program is divided into two parts:
Mandatory Pension Booster
Applicable to employed members with a Monthly Salary Credit (MSC) above ₱20,000. Employers and employees will share the additional contributions, which will be automatically deducted and remitted through payroll.
Voluntary Pension Booster
Available to self-employed individuals, voluntary members, and OFWs. Members can enroll through their My.SSS account and start contributing any amount starting at ₱500 per transaction. There are no required contribution schedules or maximum caps.
Contribution and Interest Features
The program offers a projected annual return of 7.2 percent. This return is higher than typical bank savings accounts or time deposits. Contributions and earnings are exempt from taxes, allowing members to retain the full value of their savings. Contributions are flexible, and members can deposit at their own pace as long as they maintain regular SSS membership.
Withdrawal Guidelines
Members may access their Pension Booster funds under these conditions:
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After 1 year for qualified hardship withdrawals such as medical emergencies or involuntary unemployment
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After 2 to 4 years, partial withdrawals may be permitted with reduced earnings
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After 5 years, full or partial withdrawals are allowed without penalties
Enrollment Instructions
For employed members, participation is automatic if their income qualifies. For all others, including OFWs:
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Log in to your My.SSS account
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Select the “MySSS Pension Booster” option under services
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Accept the terms and confirm your enrollment
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Make your first contribution online or through an accredited payment partner
Benefits of the Program
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High interest earnings with tax-free growth
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Flexible contribution terms without fixed schedules
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Access to savings in emergencies or after five years
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Automated tracking and updates through My.SSS accounts
Frequently Asked Questions
What is the MySSS Pension Booster?
It is a 2025 initiative by SSS that allows members to grow their retirement savings beyond the standard pension through higher returns and tax-free contributions.
Who can join the program?
All SSS members are eligible, including employees, self-employed individuals, voluntary contributors, and OFWs.
How much can I contribute?
The minimum is ₱500 per payment. There is no maximum limit.
Are the savings tax-free?
Yes. Both the amount you contribute and the interest you earn are exempt from taxes.
When can I withdraw the funds?
You can withdraw under hardship after one year. Full withdrawals without penalties are allowed after five years.
Do I need to apply if I’m employed?
No. Employees are automatically enrolled if their MSC is above ₱20,000. Others must enroll online through their My.SSS account.
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