what is the maximum monthly salary credit in Social Security System based from its latest revision?
A. P500
B. P1,000
C. P15,000
D. P20,000
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what is the maximum monthly salary credit in Social Security System based from its latest revision?
A. P500
B. P1,000
C. P15,000
D. P20,000
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D
g) Monthly salary credit – The compensation base for contributions and benefits as indicated in this Act: Provided, That in the computation of benefits, the maximum monthly salary credit to be considered shall be Twenty thousand pesos (P20,000.00), until adjusted as provided in Section 4(a)(9).