WISP
Tuesday , Aug 31st, 2021, posted by - CRMSUser
  • Workers’ Investment and Savings Program (WISP)


    Coverage

    The Social Security (SS) contribution rate is 13% (Employee share 4.5%; Employer Share 8.5%),

    the minimum Monthly Salary Credit (MSC) is P3,000,

    and the maximum MSC is P25,000 effective year 2021.

    This includes the contributions for Regular Social Security (SS), the Employees Compensation (EC) and the Mandatory Provident Fund (MPF) Program.

    • Have no final claim in the Regular SSS Program; and
    • Have contributions(s) in the Regular SSS Program and whose Monthly Salary Credit (MSC) exceeds ₱20,000.

    Enrollment in the MPF Program shall be automatic when MSC exceeds ₱20,000 starting applicable month of January 2021.


    Contributions

    • MPF contributions shall be the prescribed contribution rate time MSC in excess of ₱20,000 up to the prescribed maximum MSC.

    • MPF contributions shall always be paid together with contributions under the Regular SSS Program.

    Important Reminders


    • Benefits & loans under regular SSS program based on P20,000 MSC, since all contributions in excess up to maximum MSC to be posted for WISP.

    • No need for WISP registration & later-on for filing of benefit claim applications.

    • Accumulated AV of WISP pensioners (annuity cases) to continue earning interest until fully settled.



    Related Videos





        WISP Plus


    WISP PLUS


    The Social Security System (SSS) introduces “WISP PLUS” - a new voluntary provident fund that empowers SSS members to participate in a safe, flexible, convenient, and tax-free savings scheme. Through WISP Plus, members can earn more compared to regular savings or time-deposits, and receive additional benefits when they retire.



    Here’s what you can expect from WISP Plus:


    • Open to all SSS members, regardless of monthly salary credit level

    • Contributions as low as P500 per payment

    • Contributions and earnings may be withdrawn either partial or in full after one year of membership

    • Continuous crediting of interest earnings even after the five-year maturity period

    • Tax-free earnings that compound annually


    THE NEWEST SSS VOLUNTARY PROVIDENT FUND THAT’S AFFORDABLE, WITH FLEXIBLE CONTRIBUTION OPTIONS AND TAX-FREE EARNINGS!



    To join, the SSS individual member* should not have made any final claim (e.g., Retirement, Permanent Total Disability) and has at least one (1) month contribution at any Monthly Salary Credit.

    Applying is easy – just go to your My.SSS account in the SSS Website and accept the WISP Plus Terms and Conditions.


    Sali na sa SSS WISP PLUS!
    Secured ang savings, secured ang future!


    For further details, email member_relations@sss.gov.ph
    with subject line “WISP Plus”

    *Employed, Self-Employed, Voluntary Members, Non-Working Spouses, and land-based OFW-members.


Related
  • No results found
Categories
  • No results found