Once again, the pension computation

Here is a question this blog has answered several times but bears repeating since sss is primarily a pension fund -

My question is, how is Pension credit calculated after completing 120 monthly contribution. Example, paying 1000+ for 7 years, then may gap na 10 years, then continued paying for the maximum MSC in the last 3 years to complete the 120 months. Q2. if you continue paying maximum for the next 5 years, how is the Pension credit calculated?

there are 2 important things in the existing pension formula -
one is the AMSC or average monthly salary credit that the member's payments are based on -
the other is the number of CYS  or credited years of service of the member -

the pension computation can be found in Section 12 of RA 8282 -      
"(a) The monthly pension shall be the highest of the following amounts:

  (1) The sum of the following:                                                                                  
       (i)     300 hundred pesos plus
       (ii)     20% of the average monthly salary credit; plus
       (iii)    2% of the average monthly salary credit for each credited year of service in excess of 10 years;    
             
                 300 +  (20% X AMSC)  +  (2% X  AMSC  X ( CYS - 10)

OR

  (2) 40% of the average monthly salary ;  OR

  (3)  1,000 provided that the monthly pension shall in no case be paid for an aggregate amount of less than 60 months


(b) notwithstanding the preceding paragraph, the minimum pension shall be 1,200 for members with at least 10 credited years of service and 2,400 for those with 20 credited years of service

AMSC is "the result obtained by dividing the sum of the last 60 MSC immediately preceding the semester of contingency by 60"  (in this case, the contingency is the retirement date) "    OR

"the result obtained by dividing the sum of all the monthly salary credits paid prior to the semester of contingency by the number of monthly contributions paid in the same period, 

whichever is greater."

CYS has changed its definition since RA 8282 was ratified but ....

"For a member covered prior to Jan 1985 , it is 1985 minus the calendar year of coverage PLUS the number of calendar years in which 6 or more contributions have been paid from Jan 1985 to the calender year containing the semester prior to the contingency.  For a member covered in or after Jan 1985, it is the number of calendar years in which 6 or more contributions have been paid from the year of coverage up to the calendar year containing the semester prior to the contingency."

This is not in RA 8282, in 2002,  the Commission changed the definition of CYS to mean number of months paid divided by 12.

So, the answer to the question posed by a reader, it depends.

Some answers to questions

ang tatay ko po ay 78 yrs old nakapag hulog sya sa SSS ng 120 months late 1970's magmula nun hinde na po nya nahulugan.tanong ko po may pension parin po ba sya makukuha? 

For as long as your Dad satisfies the 120 months eligibility requirements, he will have a pension.  His pension should start 6 months after the last payment

54 months na po ako nakapaghulog ng contribution ko na nagend last year January 2015 dahil tumigil po ako sa pagwork at hindi na po ako nakapahulog until this time. Pregnant po ako and my EDD is on October this year. Ask ko lang po if pwede ko po bayaran yung missed monthly payments for me to avail the maternity benefit. 

No retroactive payments allowed, so the answer is NO.

ang mother ko po 60 years old n next year..ngverify po kmi ng contribution nya is 31 monthz pla meaning kulang pa po xa ng 89 monthz..nhinto po kz xa z pghuhulog seen nwwlan xa ng work..anu po pwd nming gwin pra mreach ang 120 mons. Sa loob lng ng izang taon Pra ma-avail for pension??zana mtulungan nyo po ako.. 

Retroactive payments are not allowed so you can only pay forward, this means your mother will not get a pension until after 89+6 months

i was employed at private sector more than 2 years prior to joining govt service with 13 years of service am i qualified for portability law on retirement? also i stop paying SSS premiums can i continue as a member till i reach age 60 to be eligible for pension? i am 54 yrs old 

yes, you will qualify for the portability.

magfifile po ako ng maternity loan. and one of the requirements is L-501. is it necessary po for me if i am not currently working now. and i already resigned to my previous employer?

SSS does not offer maternity loans.

Gaano katagal maActivate ulit yung sss supended pension after mag pass ng ACOP's form sa abroad? 

Depends on when the ACOP was finally accomplished, and depends on the list of things the branch has to do

Good day, tanong ko lang po.. 2 yrs na kasi ako hindi nakabayad ng loan ko mula ng mag resign ako at mag abroad,,, pwed ko pa bang bayaran ng buo pag uwi ko? 

yes, you can pay when you return

Answers to some questions asked by some people who DO NOT fully read posts

Hello mam,ask ko lng po. Mgiisang taon n pong d n po aq ngwowork at kasabay po nun d n po aq nghulog ng contribution s sss. At my existing loan po aq.i dont hav enough budget to continue my contribution and pay d loan. Pg bumalik po b aq ng work, at magiging active po ulit ang sss ko do i have to pay the interest at ung naiwan kong loan? Or can i do something pra po d ko n po babayaran ung loan ko nun? (meron po bng i-back to zero contribution ko as a payment s unpaid loan q? Tnx po.mukha po kc matagalan p po aq babalik ng work on	interest on loans have to paid,  naturally this cannot be skipped however, penalties are worse. penalties can be much higher than any interest.
Hi I'm currently employed but I authorized my employer to stop contributing for my SSS since I've already gained 20 years contributions. Is this permissable to the SSS LAw?	The employer can be sued by SSS for non-compliance to the SSS Law. Having 20 years of contributions is NOT a reason to stop contributing.  Additional years add to the pension
Mam im a police officer naksidente po ako s motor nuong feb 23, 2016 d ako nagpaconfine dhil narin s mahal ng hospital bill s perpetual pgpasok k plng ng er ngbill n po ako ng 36 thouzands.mam panu k po un iclaim s sss on	Hospital bills are to be filed with Phil Health NOT SSS.  SSS Sickness claims only pay for the number of days a person is absent WITHOUT PAY
Good day, anong ko lang po kung ok pa ituloy sss ko nagloan po ako 1993. tapos po nagresign ako 1994,malaki po ba penalty?	dapat mabayaran yung loan kasi malaki yung penalty, Mas malaki sa interest.