State-run Social Security System (SSS) has further extended its contribution payment deadline until Nov.30 to give employers and members more time to settle their overdue contributions in the past months this year.
Under SSS Circular No. 2020-006-d issued by the agency over the week, regular employers may pay their employees’ contributions from February to October 2020 until Nov. 30 this year.
Contribution payments from January to September 2020 of self-employed, voluntary, and non-working spouse (SE/VM/NWS) members and household employers for their employees may also be paid until the deadline.
Employers with SSS-approved installment proposals are also given until the end of November to deposit their post-dated checks which fall due from March to October 2020.
According to SSS, contribution payments of employers for the applicable periods would not incur penalties if paid within the deadline.
The pension fund said that since Nov. 30 is a holiday, payments may be made on the next working day.
SSS President and CEO Aurora Ignacio urged covered employers and members not to wait for the last day to settle their contributions as the extension would give them ample time to pay.
“Apart from over-the-counter payment facilities, our bank partners and we have online platforms where employers and members can make their SSS payments in the convenience and safety of their homes or offices,” she added.
SE/VM/NWS members are also reminded that no contributions paid retroactively will be used in determining their eligibility for any benefit claim wherein the date of payment falls within or after the semester of contingency.
Contribution payment deadlines for the months or quarters, whichever is applicable, succeeding the covered periods of the said extension will follow their regular schedule based on SSS Circular 2019-012.