SSS Revises the Payment Deadlines for the Payment of Contributions

The Deadline for payments of SSS monthly contributions will be extended to the end of each month from the current deadlines set every 10th,15th, and 25th of each month, an SSS Advisory states.

According to the Facebook page of SSS, “The payment deadline for SSS monthly contribution payments for employers, self-employed and voluntary members is extended to the last day of the month from the current 10th, 15th, 20th and 25th day of the month, for the period January to June 2018. If the last day falls on a Saturday, Sunday or holiday, the deadline is moved to the next working day.”

This is mainly to prevent employers, self-employed and voluntary members from skipping contributions.

“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,” according to SSS’s website.