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P92.4-B premiums uncollected by SSS in 2022 – COA

Published Jul 14, 2023 06:30 am
The Social Security System (SSS) had a low collection efficiency with more than P92.49 billion uncollected premiums, including penalties and charges, from 466,881 delinquent employers as of Dec. 31, 2022, the Commission on Audit (COA) said. Thus, COA said, SSS was deprived of the much-needed funds for the prompt delivery of social security protection, claims and benefits to its members and beneficiaries. It said the biggest number of delinquent business and household employers came from Luzon with 184,981 employers; National Capital Region (NCR), 137,335; Visayas, 73,568; and Mindanao, 65,012.  There were also 5,985 delinquent payors from the Account Management Group (AMG) - Large Account Division (LAD), it also said. It also said that the NCR had the lowest collection rate at 0.59 percent, followed by Luzon with 3.35 percent, Visayas with 4.72 percent, Mindanao with 7.42 percent. Based on its audit report, COA said that SSS collected from NCR only P383,781,230 out of the established collectibles of P64,669,675,166; Luzon collected P747,591,499 out of P22,332,591,305; Visayas collected P305,538,241 out of P6,477,339,329; and Mindanao collected P405,804,794 out of P5,467,665,038. Despite the low collection rate, COA noted that SSS collections in 2022 were still an improvement compared to the premiums collected in 2021. "Comparison of the collection efficiency between 2021 and 2022 showed an increase of P589.832 million or 31.15 percent," it said. Thus, COA recommended that SSS should beef up its Information Technology Management Group (ITMG) to enhance its Accounts Management System (AMsS) to ensure the generation of accurate reports on employers’ delinquencies.
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