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May 26th, 2022 10:06 AM #9
GSIS - The maximum monthly pension for those above 57 years old shall be 80% of the Average Monthly Salary (AMS) received during the last three years immediately preceding retirement. The maximum pension for those aged 57 and below shall be 75% of AMS.
So the higher your salary, the higher your contribution and the higher your pension when you retire.
Ex. if you're earning 100K and you meet the retirement conditions.. you get 80% of that or 80K a month pension.
SSS - dependent on the Maximum salary bracket still pegged at 20K a month..
Ex. If you were born 1970 and you started working 1990, and even if you are getting 100K a month when you retire.. your pension will only be:
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