Contributions
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 agency’s share as life insurance premiums to answer for their life insurance benefits defined under RA 8291.
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