SSS Contributions

In this section, you configure the system to calculate the contributions to be paid to the Social Security System (SSS).

The SSS contributions are made up of the following contribution types:

• Social Security (SS)

• Medicare (MC)

• Employee's Compensation (EC)
  

To set up the calculation of SSS contributions, you:

• Define the SSS contribution schedule

• Define the wage types that are subject to SSS contributions

Further Notes

There are two methods of calculating SSS contributions:

If a percentage rate is entered in the Social Security Philippines infotype (0422), this rate is applied to the employee's total earnings subject to SSS.

If, however, you do not enter a percentage rate in infotype 0422, the SSS contributions are read automatically from the contribution schedule based on the employee's salary bracket.