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  • Writer's pictureBy The Financial District

SSS To Pursue Delinquent Employers

The Social Security System (SSS) has announced its aggressive pursuit of delinquent employers nationwide, signaling its unwavering commitment to addressing the issue of unremitted contributions.

Photo Insert: Errant employers will receive a demand letter from SSS which could lead to the filing of a case assuming the persistent non-compliance by the employer.

In a statement, Rolando Ledesma Macasaet, SSS president and chief executive officer assured the pension fund’s members of their dedication to pursuing these employers and vowing to further intensify their efforts.

Macasaet also emphasized the obligation of employers to faithfully remit the social security contributions of their employees, urging them to comply with their responsibilities without fail. He said that each employer is assigned an SSS Account Officer (AO) responsible for ensuring compliance with the Social Security Act of 2018.

Regular Statements of Account (SOAs) are prepared and payroll audits are conducted to address discrepancies. Employers receive billing letters to settle outstanding payments within the payment deadline.

Errant employers will receive a demand letter from SSS which could lead to the filing of a case assuming the persistent non-compliance by the employer.

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SSS intensified its Run After Contribution Evaders (RACE) campaigns, which aim to compel delinquent employers to comply with the law by issuing a Notice of Violation and instructing them to report to SSS within 15 days or face legal consequences.

“Even though we are aggressively pursuing delinquent employers, we still offer them some relief through our contribution penalty condonation programs for their consideration so that penalties may be waived if they are deemed eligible,” Macasaet said.

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“SSS is also continuously reconciling and updating its records since we discover that several employers sometimes neglect to update the list of their employees in the SSS records resulting in overstated SOAs being issued by SSS,” he added.

SSS issued hundreds of thousands of SOAs and billing letters, which have to be later classified depending on actions taken by SSS and/or the concerned employer.

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SSS regularly coordinates with state auditors toward fairness in the presentation of financial statements as well as in assessing compliance with pertinent laws, rules, regulations, and policies or procedures.

State auditors’ observations, recommendations, and reports help drive continuous efforts to improve SSS operations.

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Meanwhile, Macasaet ensures stakeholders that SSS is financially capable of continuously paying benefits and granting loans to its members and pensioners as its cash flows remain healthy, with revenues outpacing expenditures.

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