Below article answers the question What is MPF in SSS?
The Workers’ Investment & Savings Program or WISP is a “safe, convenient, and tax-free individual retirement savings plan,” the state pensioner said in a presentation during a virtual briefing.
“It’s another layer, it’s our second layer of protection,” explained SSS Vice President for Benefits Administration Joy Villacorta. “Additional benefits ito to supplement your pension benefits.”
“The intent at the end, this will support retirement but also for final contingencies like total disability and death, this will also be used,” she said of the program.
WISP will cover all employees in the private sector, self-employed individuals, overseas Filipino workers, and voluntary members with monthly salary credit or MSC of over ₱20,000 and have no final claim in the regular SSS program. They must also have contributions to the program.
Enrollment will be “automatic” for members with the said MSC beginning January 2026, with membership in WISP beginning on the date of the member’s first posted contribution. Contributions to the new program — ₱650 per month, with private sector employers paying ₱425 and employees paying ₱225 — will be rendered along with the ones under the regular SSS program.