SSS collects ₱30.5 M from delinquent firms

State-run Social Security System (SSS) has raised more than ₱30.5-million contribution delinquencies from 71 employers that were served with assessment notices by its branches under one of the pension fund’s aggressive collection efforts.

Aurora C. Ignacio, SSS president and chief executive, said the employers settled their delinquencies after being served with Preliminary Assessment Notices (PANs) and Final Assessment Notices Before Seizure (FANS) under the process of serving Warrants of Distraint, Levy, and Garnishment (WDLG).

“This is only an initial collection as we have identified 93 other employers with combined contribution delinquencies amounting to nearly ₱200 million,” Ignacio said.

Serving assessment notices are the initial procedures of the SSS’ WDLG Program. These are given to delinquent/non-compliant employers for the option to either settle their delinquencies, avail of an installment payment scheme, or file a request for reconsideration or reconciliation. Failure to avail of any of the said methods will lead to the issuance of WDLG.

At end-September, two delinquent/non-compliant employers with total delinquencies of over ₱2.91 million are set for warrant execution.

The pension fund is in coordination with the Land Registration Authority, Land Transportation Office, and various banks to ensure the compliance of the said employers.

“The SSS has given these employers the opportunity to fulfill their obligations under the Social Security Act of 2018, especially through offering a Contribution Penalty Condonation Program (CPCP) for six months starting last March until September this year, but they still failed to comply,” Ignacio said.