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Learn more about the consequences of delinquent SSS contributions for employers and employees. Stay updated on your contribution records to avoid penalties and ensure eligibility for benefits.
Learn more about the Social Security System’s call for over 1,200 employers to settle unremitted contributions amounting to over P335 million. Find out how workers can check their contribution records and the consequences of non-compliance. The Social Security System (SSS) in the Philippines has called on more than 1,200 employers across the country to settle their unremitted contributions to approximately 19,000 workers. The total amount of outstanding contributions is over P335 million. SSS President and CEO, Rolando Ledesma Macasaet, has urged workers to regularly check if their contribution records are updated using the my.sss portal accessible through smartphones. In case of non-compliance by employers, workers are advised to report it immediately to the nearest SSS branch office for investigation. The SSS has been actively pursuing delinquent employers through its Run After Contribution Evaders (RACE) operations. Violation notices have been issued to more than 1,200 employers. Macasaet emphasized the significance of up-to-date contribution records, as they determine eligibility for SSS benefits. Failure to update contribution records may result in workers being disqualified from claiming benefits or applying for loan programs. Non-compliance by employers can lead to criminal charges under Republic Act 11199, with penalties ranging from fines of P5,000 to P20,000 and imprisonment from six years and one day to 12 years.
Learn more about how the SSS successfully collected unremitted contributions from delinquent employers through their RACE campaign, resulting in a significant decrease in unremitted members’ contributions. Discover how the SSS intensified their efforts and took legal action to ensure compliance with contribution obligations. Read more about their achievements in 2023.
Learn more about the significant release of retirement benefits by the Social Security System (SSS) in 2023, amounting to nearly P157 billion. Retirement benefits accounted for 47 percent of the total benefits disbursed, making it the most availed benefit package. Read more about the other benefits provided by the SSS. Category: Business and Finance. Meta Description: Learn more about the significant release of retirement benefits by the Social Security System (SSS) in 2023, amounting to nearly P157 billion. Retirement benefits accounted for 47 percent of the total benefits disbursed, making it the most availed benefit package. Read more about the other benefits provided by the SSS.
Regain good standing with the Social Security System through the SSS Loan Condonation Program. Waive loan penalties and consolidate your unpaid loan into one manageable payment. Learn more about this program and how it can help you achieve financial stability.
