Monday, May 20, 2019

SSS extends monthly contribution deadline

STATE-RUN Social Security System (SSS) on Tuesday, November 14, said it extended the payment deadline for contribution payments for January to December 2018 for SSS members except overseas Filipino workers (OFWs).

SSS president and chief executive officer Emmanuel F. Dooc said Social Security Commission Resolution No. 728 dated September 12 revised the deadline for the payment of contributions for 2018.

“We have decided to adjust the payment deadline for our employers and individual members to accommodate those who are willing to pay their monthly premiums to SSS but were slightly affected by the birth pains of the pilot implementation of the Real-Time Processing of Contributions (RTPC) program, which requires them to update their information with SSS and generate a unique payment reference number (PRN) before paying their premiums,” Dooc said.

Dooc clarified, however, that the new payment deadline does not apply to OFW-members, who can pay their January to December contributions any time within the same year and their contributions for the last quarter until January 31 of the following year.

Based on SSS Circular 2018-022, the deadline of payment of contributions for regular employers is revised from the current schedule, which is based on the 10th digit of the 13-digit SSS number of the employer, to the end of the month following the applicable month. For example, an employer must pay the contributions of its employees for the month of October 2018 by the end of November 2018.

On the other hand, household employers and individual members have until the end of the year to pay their monthly contributions. Since the last day of December 2018 is a non-working holiday, the payment deadline will be on January 2, 2019. Further, contributions for the fourth quarter of 2018 may also be paid on or before January 31, 2019. (PR)


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