Connect with us

Hi, what are you looking for?

Stock Markets

SSS calls out 1,200 delinquent employers

By Aaron Michael C. Sy, Reporter

THE SOCIAL Security System (SSS) has called out more than 1,200 employers nationwide to settle unpaid contributions that sum up to over P335 million.

In a statement on Tuesday, the SSS said these delinquent accounts adversely affect the social security coverage of nearly 19,000 employees.

SSS President and Chief Executive Officer Rolando L. Macasaet led the Run after Contribution Evaders (RACE) operation on Tuesday and personally urged delinquent employers to religiously remit their workers’ contributions to ensure that their employees receive their benefits under the SSS.

“Our members can now easily check if their SSS contribution record is updated using the My.SSS Portal, which they can access through their smartphones. If they find out that their employers are not remitting their contributions, we advise them to report it immediately to our SSS Branch Office to investigate,” he said.

Mr. Macasaet said employees will not be able to claim their SSS benefits or apply for loan programs if their contribution records are not updated.

He added that the SSS will not hesitate to file charges against delinquent employers if these unremitted contributions are not settled soon.

“Non-remittance of SSS premiums is a criminal offense that violates Republic Act No. 11199,” he said.

SSS Executive Vice President for Branch Operations Sector Voltaire P. Agas said employers who fail to register their employees or have not deducted and remitted their contributions to SSS will be penalized with a fine of P5,000 to P20,000 and face imprisonment ranging from six years and one day to 12 years.

“Employers who received the violation notices are given 15 days to coordinate with their respective servicing SSS Branch Office and settle their contribution delinquencies, and if they fail to act on it, SSS will take legal action against them,” he added.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Stock Markets

June Cheryl “Chaye” Cabal Revilla (left), discusses MPIC’s commitment to sustainability and its best practices for the first episode of the CommChat series with...

Stock Markets

BASIC GOODS prices are not expected to rise at retail level if manufacturers continue to hold their prices steady, supermarket operators said. “As long...

Stock Markets

THE Department of Trade and Industry (DTI) said on Wednesday that the Board of Investments (BoI) will embark on an investment mission to Europe...

Finance

<?xml encoding=”utf-8″ ?????????> The Conservative Party is weighing the option of implementing a stamp duty cut ahead of the general election through the autumn...

Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Captain Of Success. All Rights Reserved.