BUSINESS MATHEMATICS

Assignment
(research)

Submitted by:
Mecca Del Cielo O. Luneta
Submitted to:
Mr. Rolly Apdo
SSS Schedule of Contribution
 Phil Health Premium Contribution Table

Total
Salary Salary Salary Employee Employer
Monthly
Bracket Range Base Share* Share
Premium

*Employee share represents half of the total monthly premium

while the other half is shouldered by the employer.

**For Kasambahay helper receiving a wage of less than Five Thousand Pesos
(P5,000.00) per month,
the employer will shoulder both the employee and employer share based on the
premium schedule.

8,999.99**
1 8,000.00 200.00 100.00 100.00
and below

9,000.00 -
2 9,000.00 225.00 112.50 112.50
9,999.99

10,000.00 -
3 10,000.00 250.00 125.00 125.00
10,999.99

11,000.00 -
4 11,000.00 275.00 137.50 137.50
11,999.99

12,000.00 -
5 12,000.00 300.00 150.00 150.00
12,999.99

13,000.00 -
6 13,000.00 325.00 162.50 162.50
13,999.99

14,000.00 -
7 14,000.00 350.00 175.00 175.00
14,999.99

15,000.00 -
8 15,000.00 375.00 187.50 187.50
15,999.99
 Total
Salary Salary Salary Employee Employer
Monthly
Bracket Range Base Share* Share
Premium

16,000.00 -
9 16,000.00 400.00 200.00 200.00
16,999.99

17,000.00 -
10 17,000.00 425.00 212.50 212.50
17,999.99

18,000.00 -
11 18,000.00 450.00 225.00 225.00
18,999.99

19,000.00 -
12 19,000.00 475.00 237.50 237.50
19,999.99

20,000.00 -
13 20,000.00 500.00 250.00 250.00
20,999.99

21,000.00 -
14 21,000.00 525.00 262.50 262.50
21,999.99

22,000.00 -
15 22,000.00 550.00 275.00 275.00
22,999.99

23,000.00 -
16 23,000.00 575.00 287.50 287.50
23,999.99

24,000.00 -
17 24,000.00 600.00 300.00 300.00
24,999.99

25,000.00 -
18 25,000.00 625.00 312.50 312.50
25,999.99

26,000.00 -
19 26,000.00 650.00 325.00 325.00
26,999.99
 Total
Salary Salary Salary Employee Employer
Monthly
Bracket Range Base Share* Share
Premium

27,000.00 -
20 27,000.00 675.00 337.50 337.50
27,999.99

28,000.00 -
21 28,000.00 700.00 350.00 350.00
28,999.99

29,000.00 -
22 29,000.00 725.00 362.50 362.50
29,999.99

30,000.00 -
23 30,000.00 750.00 375.00 375.00
30,999.99

31,000.00 -
24 31,000.00 775.00 387.50 387.50
31,999.99

32,000.00 -
25 32,000.00 800.00 400.00 400.00
32,999.99

33,000.00 -
26 33,000.00 825.00 412.50 412.50
33,999.99

34,000.00 -
27 34,000.00 850.00 425.00 425.00
34,999.99

35,000.00
28 35,000.00 875.00 437.50 437.50
and up
GSIS Contribution
Section 11 of the Revised Implementing Rules and Regulations of RA 8291
approved on June 23, 2010 under Board Resolution No. 88 provides that the rate of
contribution payable by the member and the government agency shall be nine (9)
per cent and 12 per cent, respectively, based on the actual monthly salary of the
member.
Special members that include constitutional commissioners, members of the
judiciary and those with equivalent ranks are required by law to remit to the
System, three (3) per cent of their regular monthly compensation for both
employees and government agencys share as life insurance premiums to answer
for their life insurance benefits defined under RA 8291.
Mao ni ang mo gawas sa GSIS na page

Philippines Holidays
The regular holidays are:

January 1, 2017, Sunday New Year's Day

April 9, 2017, Sunday Araw ng Kagitingan
April 13, 2017 Maundy Thursday
April 14, 2017 Good Friday
May 1, 2017, Monday Labor Day
June 12, 2017, Monday Independence Day
June 26, 2017, Monday Eid'l Fitr
August 28, 2017, last Monday of August National Heroes' Day
September 1, 2017, Friday Eid'l Adha
November 30, 2017, Thursday Bonifacio Day
December 25, 2017, Monday Christmas Day
December 30, 2017, Saturday Rizal Day

Special (non-working) days:

January 2, 2017, Monday based on Proclamation No. 117

January 28, 2017, Saturday Chinese New Year
February 25, 2017, Saturday EDSA Revolution Anniversary
April 15, 2017 Black Saturday
August 21, 2017, Monday Ninoy Aquino Day
October 31, 2017, Tuesday additional special (non-working) day
November 1, 2017, Wednesday All Saints' Day
December 31, 2017, Sunday last day of the year

Filipinos will also have another special holiday for the observance of Eid'l Adha, but the date
has yet to be announced.

Proclamations to declare national holidays for Eid'l Fitr and Eid'l Adha follow after
approximate dates of the Islamic holidays have been determined.

This month, regular holidays include the following:

December 25 Christmas Day

December 30 Rizal Day
January 1 New Year's Day

On regular holidays, workers are entitled to receive their daily rate plus cost of living
allowance even if they don't go to work.