Learn More About the MySSS Pension Booster Program

Retirement is a highly anticipated milestone for many working people. To help you prepare for this milestone event, the Social Security System (SSS) provides the MySSS Pension Booster, a secure, tax-free, and affordable savings plan.

What is MySSS Pension Booster?

MySSS Pension Booster is a provident fund/savings program that consists of two (2) retirement savings plans for members: mandatory and voluntary.

Mandatory MySSS Pension Booster

​Formerly known as the Workers' Investment and Savings Program (WISP), this is mainly for employed members paying to the regular SSS program with a Monthly Salary Credit (MSC) of more than P20,000.00 who have not yet filed a final benefit claim. Any contributions beyond the P20,000 MSC are automatically credited to the member's Mandatory MySSS Pension Booster account. The monthly contribution is split between the employer and employee.

Voluntary MySSS Pension Booster

​This is the rebranded WISP Plus, which is open to all SSS members, regardless of MSC, who have one (1) posted contribution and have not submitted a final benefit claim, as well as those applying for a Social Security (SS) number.

​While the Voluntary MySSS Pension Booster is open to all SSS members, it is primarily aimed at mid- to high-income earners with the financial means to invest more, such as self-employed and maritime professionals, overseas Filipino workers (OFWs), and corporate executives, among others. By investing their extra income, these members can boost their savings returns and retirement income in the future.

Here are the most notable features of the Voluntary MySSS Pension Booster:

Affordable savings scheme

Under the Voluntary MySSS Pension Booster, members may contribute as low as P500.00 per payment, with no maximum limit (depending on the SSS-partner collecting agent).

High return of investment

In 2023, the fund for the voluntary retirement savings scheme reached ₱386 million, with ROI of 6.97%. This year, the SSS targets to reach 7.2% interest rate.

Tax-free investment

Total contribution and investment earnings under the MySSS Pension Booster (both mandatory and voluntary) are tax free.

Easy and fast posting of contributions

Contributions can be made online through the SSS website, SSS Mobile App, or SSS’ Collection Partners’ app using a Payment Reference Number (PRN), or over the counter through SSS branches with tellering facilities or collections partners’ branch/office (local or abroad).

Flexible payment terms

Members can contribute anytime depending on their capacity to save. However, payment to Voluntary MySSS Pension Booster contributions must be done together with their regular SSS contributions.

Easy access to MySSS Pension Booster records

Members can easily monitor their contributions through their individual My.SSS accounts as posting of contributions is real-time! Very soon, investment income shall also be visible in their My.SSS account.

Receive the total accumulated value (principal & investment income) tax free!

This is paid out as a pension, as lump sum, or a combination of both, and
on top of their final benefit under the regular SSS program.

Other benefits include:

• Members have the option to withdraw, partially or in full, their savings from MySSS Pension Booster, from the fifth year in the program onwards.  
• Members enrolled in the program for two to four years, are also allowed to withdraw their savings partially or in full, but with a reduced income depending on the years of membership.  
• Withdrawal is allowed on the first year, but only in case of member’s extreme hardship situation such as critical illness, involuntary separation from employment, repatriation from the host country (if an OFW), and other similar situations as determined by the SSS.

How to be a member?

• Employed members who are earning P20,000 and above are automatically enrolled in the Mandatory MySSS Pension Booster. Their contributions, along with their employer’s share, are included in the monthly SSS remittance by their companies.
• Other SSS membership types (Self-Employed/Voluntary Member/OFW) may enroll to the Voluntary MySSS Pension Booster through their individual My.SSS accounts. Just log in to your account, click “Enroll to MySSS Pension Booster (Voluntary)” under the Services tab, then read and accept the terms and conditions of the program.