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Website. www .sss .gov .ph. The Social Security System ( SSS; Filipino: Paseguruhan ng Kapanatagang Panlipunan) is a state-run, social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954.
Lift the payroll ceiling. The payroll ceiling is now adjusted for inflation. Robert Reich, former United States Secretary of Labor, suggests lifting the ceiling on income subject to Social Security taxes, which is $168,600 as of 2024. Increase Social Security taxes. If workers and employers each paid 8.0% (up from today's 6.2%), it would ...
Medicare Part B (medical insurance) premiums are normally deducted from any Social Security or RRB benefits you receive. Your Part B premiums will be automatically deducted from your total benefit ...
Paycheck. A paycheck, also spelled paycheque, pay check or pay cheque, is traditionally a paper document (a cheque) issued by an employer to pay an employee for services rendered. In recent times, the physical paycheck has been increasingly replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll ...
How to check your Medicare application online. If you applied for Medicare online, you can check the status of your application through your Medicare or Social Security account. You can also visit ...
Workers pay 1.45% of all earnings to the Federal Insurance Contributions Act (FICA). Employers pay another 1.45%, for a total of 2.9% of your total earnings. Self-employed people pay the entire 2. ...
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