The Philippine Social Security System (SSS) has confirmed a new ₱3,400 monthly pension rate for retirees and those with long-term contributions, effective April 2025.
This update reflects recent reforms under Republic Act 11199 and aims to boost retirement benefits amid rising living costs.
Who Qualifies for the ₱3,400 Rate?
Eligibility Criteria
To receive the ₱3,400 monthly pension, claimants must meet the following:
- Be at least 60 years old (for optional retirement) or 65 years old (for technical retirement)
- Have paid 120 or more monthly contributions prior to retirement semester
- Have 20 or more years of credited service (CYS)
For those below contribution thresholds, lump‑sum payments remain available—but they won’t qualify for the ₱3,400 monthly rate.
What’s Included in the ₱3,400 Benefit?
Benefit Breakdown
- Base Monthly Pension: ₱3,400 for those with ≥20 CYS
- 13th-Month Pension: Annual bonus each December
- Supplemental Allowance: ₱1,000 (since 2017)
- Dependent’s Pension: 10% per qualified dependent (minimum ₱250 each)
Payment Schedule & Important Dates
Payment Schedule Table
| Month | Pension Release Date | Notes |
|---|---|---|
| April 2025 | 5th–15th | Starts ₱3,400 rate |
| December 2025 | 1st–10th | Includes 13th-month pension |
| Monthly | 1st–10th or 5th–15th | Varies by bank-disbursement schedule |
Most pensions are deposited between the 5th and 15th of each month. The ₱3,400 rate began in April 2025 .
Why This Increase?
Benefit Changes & SSS Reforms
- Law Implementation: RA 11199 raised SSS contribution rates (to 15%) and MSC range (₱5,000–₱35,000)
- Pension Enhancements: In April 2025, SSS issued an additional ₱1,976 tranche followed by the full ₱3,400 uplift
- Improved Servicing: ACOP simplification and potential home visits aim to expedite pension verification processes
How to Claim or Elevate to ₱3,400
Claim Process
- Verify Contributions: Access My.SSS portal or visit a branch.
- Meet Requirements: Ensure 120 contributions and relevant age.
- Submit Claim: Either online (via My.SSS E-Services) or in-person.
- Disbursement Set-Up: Link a UMID ATM or bank via DAEM
For Lump-Sum Holders
If you opted for lump-sum due to insufficient contributions, consider:
- Continuing contributions voluntarily to reach 120 months
- Upgrading to monthly pension route once qualified
Summary and Next Steps
In April 2025, SSS uplifted pensions to ₱3,400 monthly for qualified retirees with ≥20 years of service. Payments are released monthly (usually 5th–15th), with the 13th-month pension in December.
This reflects broader reforms to contribution rates and pension enhancements.
Take Action: Check your contribution records via My.SSS, verify you’re on track for ₱3,400 eligibility, and update your disbursement details to unlock full benefits.
This ₱3,400 monthly pension update in April 2025 represents a significant boost for long-serving retirees.
Verify your contribution history, confirm your eligibility, and ensure your payment details are updated to benefit from this increase.
FAQs
1. What if I have less than 20 years of contributions?
You qualify for lower-rate pensions: ₱2,200 (≥10 years) or lump-sum if contributions <120 months
2. When will I receive my first ₱3,400 pension?
Pensioners meeting the criteria in April 2025 began receiving the updated rate between the 5th and 15th of that month .
3. Can I still claim a lump‑sum if I prefer?
Yes—retirees below 120 contributions may opt for lump-sum or continue paying to meet monthly pension eligibility.