The state-run Social Security System is urging more than 132,000 delinquent employers to avail of the penalty condonation program which stands to benefit close to 1.4 million employees in the private sector.
Finance Secretary Carlos Dominguez III, as ex-officio chairman of SSS, approved last week a circular on the non-imposition of penalties on delinquent contributions.
Delinquent employers may now submit their letters of intent to avail themselves of the condonation program at any SSS branch.
The condonation program for unpaid contributions will be implemented until Sept. 6, 2019.
“This is good news for employees of delinquent employers who may soon avail of the condonation program and make themselves compliant with the social security law. As much as possible, we want to avoid lengthy judicial processes,” Dominguez said.
“SSS contributions are savings for the future and hardworking Filipino workers deserve to benefit from the contributions employers are duty-bound to remit throughout their productive years,” he added.
SSS officer-in-charge Aurora Ignacio said about P10.66 billion in unpaid premiums based on established collectibles are expected to be collected from this one-time amnesty program.
About P13.91 billion worth of penalties are expected to be waived if the employers tagged as delinquent will file and avail themselves of the condonation program.