SSS posts P42.57-B collection from 15.4 million members

The state-run Social Security System (SSS) said collections from its 15.4 million actively paying members amounted to P42.57 billion in the first three months of 2018, pushing its total revenues for the period to P49.72 billion. SSS President and Chief Executive Officer Emmanuel F. Dooc said that the total amount collected was a result of aggressive collection drives, such as posting of show cause orders in non-compliant establishments, serving of warrants of arrest together with the Philippine National Police, and the implementation of the Real-Time Posting of Contributions as a new form of collection system. “There was a large volume of paying members in the first quarter of this year, majority of them are voluntary members,” Mr. Dooc said.