
SSS Computation Manual For - Academic Year 2011-2025 free printable template
Get, Create, Make and Sign sss computation manual form



Editing computation manual printable online
Uncompromising security for your PDF editing and eSignature needs
How to fill out computation manual academic pdf form

How to fill out SSS Computation Manual For Academic Year
Who needs SSS Computation Manual For Academic Year?
Video instructions and help with filling out and completing computation manual
Instructions and Help about 2011 sss computation manual
This episode where I give a detailed explanation and how SSS pensions are computed a viewer sent me this question dear Sally I am a Seafarer and when I was on vacation I also paid my contribution voluntarily to SSS shall I pay only the minimum amount since paying more than this doesn't make any sense if I pay the maximum now way before I plan to retire and the computation of benefits is based on 60 straight months before retirement then I waste a lot of money no L know L also explain that he understands the calculation of other benefits like calamity Maternity for women sickness etc will be based on actual contribution, but he only cares about the pension he compared the total payments of two fictional characters Patrick and Kevin let's say they are friends in are of the same age they both paid voluntarily since they are self-employed they start paying SSS contributions at thirty years old Patrick based the maximum amount of 1,760 per month for a sixteen thousand monthly salary credit he thinks that the higher he pays, the more pension he will get when he retires his total amount of contribution is six hundred thirty-two thousand six hundred vessels for thirty years until he hits sixty Gavin pastes the minimum of one hundred ten pesos a month for 25 years after that he increases his monthly contribution to 1760 pesos a month, and he does this consistently for 60 straight months before he reaches his retirement age he contributes a total of 138 thousand six hundred pesos Noel then says if we are to compute their pension both of them will get the same amount of nine thousand nine hundred pesos look at this computation no I'll ask isn't it unfair to Patrick the difference of their paid contribution is huge but when the time comes for them to reap what they sow they only get the same amount Noel has a very good point in an ideal world we would all like to be Kevin that way we can truly maximize our essences contributions I was very impressed also with how he argued his point there are some hitches however the Social Security system doesn't allow massive jumps in the contribution rate you can increase your contribution only a couple of hundreds per year that means that you can't jump from one hundred ten passes to 1760 passes in a year's time the increase has to happen gradually the second problem is that one when we plan to retire at 16 life may have other ideas we may get sick need an accident or go through some other unforeseen circumstance that can cause us to gain into the retirement but sooner than expected if that happens we won't be able to get the highest benefit from SSS it is best to prepare as early as possible when dealing with risks the Social Security Systems benefits at their core is all about protecting us from risks there's another thing you have to consider SSS payments might be included in the data that the government will use to determine your creditworthiness paying your monthly payments will no we'll be necessary simply to get...
People Also Ask about computation manual online
What is sentence computation?
What is manual computation?
How do I fill out a tax form?
How do I fill out a Schedule 1?
What is the tax computation worksheet?
How to fill out a 8962 form for dummies?
What is form 8962 used to calculate?
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
How can I get computation manual pdf?
Can I create an electronic signature for signing my computation manual download in Gmail?
How do I fill out computer manual for children using my mobile device?
What is SSS Computation Manual For Academic Year?
Who is required to file SSS Computation Manual For Academic Year?
How to fill out SSS Computation Manual For Academic Year?
What is the purpose of SSS Computation Manual For Academic Year?
What information must be reported on SSS Computation Manual For Academic Year?
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
