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Credited Years of Service – The credited years of service shall be as follows: (1) For a member covered prior to January 1985, the credited years of service shall be 1985 minus the calendar year of coverage plus the number of calendar years in which six (6) or more contributions have been paid from
Jun 21, 2022 · Credited Years of Service (CYS) is the total number of years your SSS contribution is paid. One CYS is equivalent to at least 6 months’ contributions paid in any given year.
The Credited Years of Service (CYS) are simply the number of years you contributed to the SSS fund. To learn what the Average Monthly Salary Credit (AMSC) means, please see the FAQ section below.
Jan 13, 2014 · How to Compute SSS Pension, Philippines. Nora January 13, 2014 Retirement, SSS 171 Comments. Updated Jan 2017. To compute your SSS pension in the Philippines, you need to know 2 values: — your AMSC, which means Average Monthly Salary Credit. — your CYS, which means Credited Years of Service.
(a) Each employer shall immediately report to the SSS the names, ages, civil status, occupations, salaries and dependents of all his employees who are subject to compulsory coverage: Provided, That if an employee subject to compulsory coverage should die or become sick or disabled or reach the age of sixty (60) without the SSS having previously ...
Apr 1, 2024 · ⦁ ‘The minimum monthly Disability Pension is P1,000 if the member has less than ten (10) credited years of service (CYS); P1,200 if with at least 10 CYS; and P2,400 if with at least 20 CYS.’ (Summary of SSS Benefits, p. 1)
Mar 1, 2024 · Your paid contributions and the number of service years credited determine how much you will get as SSS retirement pension benefits. The greater your contributions and years of service, the larger your monthly pension will be. Moreover, there are two ways to claim your SSS benefits: as a lifetime cash benefit paid to you or as a lump sum amount.
