Effective the applicable month of January 2018 onwards, the monthly premium contributions shall be at the rate of 2.75% computed straight based on the monthly basic salary, with a salary floor of P10,000.00 and a ceiling of P40,000.00, to be equally shared by the employees and their employer. With the removal of the salary brackets computation shall be based below.
Monthly Basic Salary x 2.75%
|
Monthly Premium
|
Personal Share
|
Employer Share
|
P10,000 and below
|
P275
|
P137.50
|
P137.50
|
P10,000 to P39,999
|
P275.02 to P1,099.99
|
P137.51 to P549.99
|
P137.51 to P549.99
|
P40,000 and above
|
P1,100
|
P550
|
P550
|
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