SSS revises payment deadlines for contribution payments

IN RESPONSE to the widespread request from employers and individual members, the Social Security System (SSS) said it revised the payment deadlines for the payment of contributions for the applicable months starting January to June 2018.

Under Resolution No. 361-s.2018, the Social Security Commission revised the payment deadlines.  For employers, the existing deadline of 10th, 15th, 20th, 25th and month-end following the applicable month depending on the 10th digit of the 13-digit Employer No. has been moved to month-end following the applicable month.

For example, if an employer’s deadline for the payment of contributions for the applicable month of March 2018 is April 10, 2018, such contributions can still be paid until April 30, 2018 without penalties.

Similarly, self-employed and voluntary members can pay up to the month-end following the applicable month or quarter of contribution payment regardless of the last digit of the individual member’s SS Number.

For example, if individual members failed to pay either their March 2018 or January to March 2018 contributions on their respective deadlines, they can still pay these contributions until April 30, 2018.

The revised payment schedule was implemented in view of the system infrastructure adjustments brought about by the Real-Time Posting of Contributions (RTPC) program.

Any penalties paid by employers based on the existing payment deadlines covering the applicable months of January to June 2018 shall be refunded.

As of end-December 2017, SSS has more than 960,000 registered employers and some combined 8.63 million registered voluntary and self-employed members.

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