How to compute SSS Pension (2018)

In this video, we will show you how to calculate your monthly pension come retirement time from the Social Security System or SSS.

It's important to know how to calculate your pension so that when the time comes, you know that you're getting the right amount.

For voluntary members, you can practically choose how much monthly pension you want to get by reverse engineering this process.

There are two types of retirement benefit:

1. monthly pension - a lifetime cash benefit paid to a retiree who has paid at least 120 monthly contributions to the SSS prior to the semester of retirement.

2. lumpsum amount - granted to a retiree who has not paid the required 120 monthly contributions. It is equal to the total contributions paid by the member and by the employer including interest.

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