The Social Security System (SSS) has called on delinquent employers to avail of the pension fund’s ongoing condonation programs.
In a statement, Rolando Ledesma Macasaet, SSS president and chief executive officer, said employers who failed to remit the contributions of their workers in the previous months and years are encouraged to avail of the contribution penalty condonation programs.
Macasaest said employers can settle their contribution delinquencies through the Contribution Penalty Condonation, and Delinquency Management and Restructuring Program (CPCoDe MRP) for business employers.
There is also the Contribution Penalty Condonation and Restructuring Program (CPCR-P) for household employers.
Under these contribution penalty condonation programs, SSS assists business and household employers in defraying their delinquencies by allowing them to pay unremitted contributions while condoning their accrued penalties.
“SSS always take into consideration the welfare of its members and its employers which is the primary reason why we offer these condonation programs to help them out in settling their contribution delinquencies with us,” Macasaet said.
The CPCoDe MRP covers all employers classified as single proprietors, corporations, partnerships, cooperatives, and associations who have incurred delinquencies in contribution payments, including penalties, from the start of their actual date of operation.
Under the program, delinquent business employers would pay the unremitted SS contributions plus a legal interest of six percent per annum during the period where the employer has shown proof that the business suffered a net loss.
At the same time, SSS will condone the penalties incurred during the delinquency period.
“Delinquent employers can pay it in full or on an installment basis. Those who wish to settle it in full payment must pay it within 15 calendar days from receipt of the Notice of Approval by the SSS,” SSS Account Management Group Concurrent Acting Head Neil F. Hernaez said.
"On the other hand, employers who will avail of the installment option will need to pay a down payment equivalent to at least five percent of the total amount of delinquency while they can pay the remaining balance up to 48 months,” he added.
Meanwhile, the CPCR-P covers household employers who have delinquencies in remitting the contributions of their kasambahays or house helpers since the start of their employment.
Interested business and household employers may visit the nearest SSS Branch Office with jurisdiction over their accounts for the requirements and additional information on availing the said penalty condonation programs.