Payment Terms

SSS warns overdue payers at Isabela

TUMAUINI, Isabelle: The Social Security System (SSS) has given seven delinquent companies in this city and one employer in the city of Ilagan until November 22, 2022, to avail themselves of the penalty tolerance and pay their arrears of contributions.

Solicitor Vicente Cuenca, head of the SSS legal department for Luzon North 2, said in an interview on Friday October 14 that the letters of formal notice given to the eight employers would only be a 15-day relief.

Employers had 15 calendar days from the date of the visit to submit their request for cancellation of the penalties incurred from March 2020.

“We can press charges against them, but because of the pandemic, we will give them a chance while we enforce compliance and ramp up coverage and collection from employers through the Run After Contribution Evaders (RACE),” Cuenca said.

“Employers who are unable to pay their arrears in full or who have no other means of immediately settling their full obligations may benefit from the enhanced installment payment program. The SSS offers flexible payment terms of nine to 60 months, depending on the amount of the obligation,” he added.

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Porfirio Balatico, SSS Vice President for Luzon North 2 Division, said employers were negligent and snuffing out opportunities for workers who were meant to receive their social security benefits and privileges.

He encouraged business owners to pay their employees’ dues regularly to have accurate records as “it is their duty to assist the SSS in providing meaningful and adequate social security protection to members in the event of unforeseen circumstances. “.

He said they had offered out-of-court settlements under the pandemic relief and restructuring programs to allow employers to regain their good reputations and keep their employees actively engaged.