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Thousands to enjoy SSS benefits again
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One-time amnesty gives employers chance to comply
MANILA
Tens of thousands of employees of delinquent firms may now apply to have
their SSS benefits restored after congress passed an amnesty bill.
President Arroyo signed the measure into law on Thursday.
Senator Richard Gordon, co-author of the law, said he is optimistic thousands
of workers will be able to avail of their SSS benefits again.
“This law redresses aggrieved workers in the private sector whose
contributions were religiously deducted from their monthly salaries but could
not avail of loans and other benefits because their employers failed to remit
their contributions,” he said.
“Since the law condones the penalties for delinquent SSS policy contributions,
it also offers reprieve to thousands of employers with financial woes and
ensures that their businesses continue so that they can provide employment ,"
he said.
There are about 164,111 delinquent employers and P94 billion in receivables
from unpaid contributions to the SSS.
Under the law, delinquent employers may remit a down payment of at least 5
per cent of the total contribution delinquency and pay the remaining balance in
equal monthly installments over four years.
The law also provides that pending cases filed against the employers shall be
withdrawn without prejudice to the refiling of the case in the event the employer
fails to remit in full the required delinquent contributions.
"This is a one-time condonation program to make people more responsible, to
pay more attention to their obligations to remit the premiums of their
employees,” Gordon said.
MANILA
Tens of thousands of employees of delinquent firms may now apply to have
their SSS benefits restored after congress passed an amnesty bill.
President Arroyo signed the measure into law on Thursday.
Senator Richard Gordon, co-author of the law, said he is optimistic thousands
of workers will be able to avail of their SSS benefits again.
“This law redresses aggrieved workers in the private sector whose
contributions were religiously deducted from their monthly salaries but could
not avail of loans and other benefits because their employers failed to remit
their contributions,” he said.
“Since the law condones the penalties for delinquent SSS policy contributions,
it also offers reprieve to thousands of employers with financial woes and
ensures that their businesses continue so that they can provide employment ,"
he said.
There are about 164,111 delinquent employers and P94 billion in receivables
from unpaid contributions to the SSS.
Under the law, delinquent employers may remit a down payment of at least 5
per cent of the total contribution delinquency and pay the remaining balance in
equal monthly installments over four years.
The law also provides that pending cases filed against the employers shall be
withdrawn without prejudice to the refiling of the case in the event the employer
fails to remit in full the required delinquent contributions.
"This is a one-time condonation program to make people more responsible, to
pay more attention to their obligations to remit the premiums of their
employees,” Gordon said.
Workers in
delinquent
private are
expected to
avail of their
SSS benefits
again now that
the SSS
amnesty bill has
become law.
delinquent
private are
expected to
avail of their
SSS benefits
again now that
the SSS
amnesty bill has
become law.
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