The Social Security System (SSS) reminded business establishments of their obligation to remit their workers’ contributions as the Labor Day approaches.
SSS executive vice president for branch operations Voltaire Agas said the agency would issue violation notices to delinquent employers nationwide in a synchronized Run After Contribution Evaders (RACE) operation. This serves as a warning of the legal consequences for failing to remit employee contributions, he said.
The campaign, dubbed “Alay ng SSS para sa mga Manggagawa – Serbisyong Mapagkakatiwalaan at Proteksyong Maaasahan” would be conducted on April 30.
“We want to assure our members that SSS will take action and penalize employers who fail to register their employees or haven’t deducted and remitted their contributions,” Agas said.
He noted SSS’ commitment to ensuring all Filipino workers have access to social security benefits in times of need.
Agas said SSS prioritizes Filipino worker welfare by ensuring they can avail of various social security benefits provided by the state pension fund. One key measure is ensuring employers are up-to-date in remitting contributions collected from workers.
“We’ve implemented new programs to reach out to our countrymen in the informal economy, especially those in rural areas and the grassroots, by encouraging them to enroll in SSS for social security coverage,” Agas said.
He explained the social security benefits available to SSS members, including sickness, maternity, disability, unemployment, retirement, funeral, and death benefits.
Retirement benefits are cash grants for members who can no longer work due to old age. Members with at least 120 monthly contributions before retirement receive a lifetime monthly pension. Those with less than 120 contributions get a one-time lump sum.