SSS EXTENDS CONTRIBUTION PAYMENT DUE

SOCIAL Security System ( SSS) employers and members have been given more time to pay their overdue contributions in the past months this year in view of the coronavirus pandemic.

In a statement on Saturday, the state-run pension fund said it was stretching once again the contribution payment deadline until November 30 this year.

Regular employers may pay their employees’ contributions from February to October this year until the said deadline.

SSS added that contribution payments from January to September 2020 of self- employed, voluntary and nonworking spouse ( SE/ VM/ NWS) members and household employers for their employees may also be paid until November 30 this year.

Also, employers with SSS-approved installment proposals are given until the deadline to deposit their post-dated checks, which fall due from March to October 2020.

“The pension fund stressed that contribution payments of employers for the said applicable periods would not incur penalties if paid within the deadline,” the pension fund stressed.

Since November 30 is a holiday, payments may be made on the next working day, it added.

SE/VM/NWS members are also reminded that no contributions paid retroactively will be used in determining their eligibility for any benefit claim wherein the date of payment falls within or after the semester of contingency.

SSS said contribution payment deadlines for the months or quarters, whichever is applicable, succeeding the covered periods of the extension will follow their regular schedule.

SSS President and Chief Executive Officer Aurora Ignacio urged employers and members not to wait for the last day to settle their contributions as the extension would give them ample time to pay.

“Apart from over- the- counter payment facilities, our bank partners and we have online platforms where employers and members can make their SSS payments in the convenience and safety of their homes or offices,” she was quoted as saying.