The Social Security System (SSS) announced a new amnesty program for business owners that failed to remit their employees’ loan amortizations due on or before April 1 this year, a top official said.
SSS President and Chief Executive Officer Romulo Neri said the new amnesty complements an ongoing program condoning penalties on delinquent contributions of employers.
“The amnesty on loan penalties was approved by Malacañang on June 3 upon the recommendation of the Social Security Commission in a letter to President Arroyo dated March 29,” he said.
“The two programs give employers a chance to have a clean slate by the end of the year. Those who settle their overdue contribution and loan obligations will help their workers gain or restore access to SSS benefits and loan privileges,” he added.
The loan amnesty will run for six months but the availment period will start after publication of the programs guidelines through an SSS circular, which will be issued this month.
Employers with unpaid contributions must first settle their overdue SSS premiums by paying in full or submitting an installment proposal on or before July 31 to be eligible for loan amnesty.
SSS members who are employed make up 83 percent of the 6.8 million delinquents short-term loan accounts such as salary, calamity, emergency, educational, study now-pay later, vocational/technical, Y2K, stock investment and privatization fund loans.
The SSS has collected a total of P168.8 million in late contribution payments through its amnesty program, P90.65 million of which from encashed checks and P78.15 million in cash as of May 15. –Manila Times
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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