Curious about what you can get out of the Social Security System when you retire? Well, wonder no more! Here is a SSS Pension Benefits Calculator to help you visualize your future as a retiree receiving pension from the system.
Are you satisfied with your pension? If you’re used to spending most of your income, you will likely have to downgrade your lifestyle or find some way to make up for the drop in your income when you retire.
The relatively small amount that Filipinos receive from Social Security (compared to our other Asian and Southeast Asian neighbors) means that we have to take active steps in managing our finances. Make sure you are saving and investing enough for your retirement years.
Disclaimer: This is not an official SSS calculator; the figures are based on computation guides from here. The values shown in the calculator are estimated and may vary from the actual values you receive. If you have any suggestions on how to improve the calculations or if you have any comments, feel free to contact me.