Social Security System (SSS) urged all delinquent employers to settle now the unpaid premiums of their employees and take advantage of the Contribution Penalty Condonation Program which will run only until September 1, 2019.
The penalty condonation for delinquent contributions is a transitory provision of the law that seeks to help employers, including household employers to comply with the SSS Act of 2018.
SSS President and Chief Executive Officer Aurora Cruz-Ignacio said that after this Contribution Penalty Condonation Program, employers who continue to violate the SSS law must pay penalties or face imprisonment if they continue to ignore their mandatory obligations to provide social security protection to all their employees.
“Since the Contribution Penalty Condonation Program started last March 5, 2019, from 16,460 employers with about 155,112 employees, SSS has collected 378.71 million in unpaid premiums and waived more than 1 billion in penalties, this does not include the household employers,” Cruz-Ignacio said.
Cruz-Ignacio shared that based on established collectibles, there are still more than 115,000 delinquent employers who should avail of this penalty condonation program for unpaid SSS premiums, and “if all the delinquent employers in our established collectibles settle their unpaid premiums, more than 1.4 million employees stand to benefit the benefits of SSS because these workers can finally maximize their benefits and privileges as SSS members.”
According to Cruz-Ignacio, interested employers should submit their letters of intent to the nearest SSS branch and applicants who want to remit their contribution delinquency in full should wait for the branch approval while the employers who choose to settle their contribution delinquency through installment should submit a proposal and collection list to the SSS branch.
