What is the minimum monthly salary credit (MSC) increased to effective January 2023?

The minimum monthly salary credit (MSC) is critical for determining the benefits and contributions under statutory monetary benefits programs, such as Social Security or pension systems. Effective January 2023, the MSC was officially increased to P4,000. This change reflects adjustments to ensure that benefits are aligned with inflation and the cost of living, enabling individuals to receive adequate support in times of need.

A salary credit of P4,000 allows for more substantial contributions, which subsequently enhances the benefits available to members. The increase is part of periodic adjustments made by governing bodies to keep pace with economic changes and the financial well-being of the workforce.

Regarding the other options, a minimum salary credit of P5,000, P6,000, or P3,500 does not align with the official announcement and regulations set for the timeframe specified. Therefore, B represents the accurate new minimum MSC effective in January 2023.