SSS President and Chief Executive Officer Rolando Ledesma Macasaet said the law-mandated contribution increase would translate to immediate benefits to the country’s 13 million workers and will ensure the viability of the SSS fund designed to provide them with social security protection. Under the law, SSS should gradually increase the contribution rate by one percentage point every two years until it reaches 15 percent by 2025. Workers earning less than P25,000 per month, who comprise 78 percent of SSS-paying employee members, will not be affected,” he added. (PECI), to suspend the implementation of the Social Security Act of 2018 that mandates the one percent increase in SSS contributions starting this month. However, there are incidents when the company or employers are delayed in the payments or forgets to remit the SSS contributions. Read more in our articles including "SSS to increase Contributions to 14% this January 2023" and "CICC cracks down on GoreBox after Tacloban school shooting".
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Jun 11, 2009SSS President and Chief Executive Officer Rolando Ledesma Macasaet said the law-mandated contribution increase would translate to immediate benefits to the country’s 13 million workers and will ensure the viability of the SSS fund designed to provide them with social security protection. Under the law, SSS should gradually increase the contribution rate by one percentage point every two years until it reaches 15 percent by 2025.
Workers earning less than P25,000 per month, who comprise 78 percent of SSS-paying employee members, will not be affected,” he added. (PECI), to suspend the implementation of the Social Security Act of 2018 that mandates the one percent increase in SSS contributions starting this month. However, there are incidents when the company or employers are delayed in the payments or forgets to remit the SSS contributions.
Our coverage of sss increase pay includes: "SSS to increase Contributions to 14% this January 2023"; "CICC cracks down on GoreBox after Tacloban school shooting"; "NVIDIA announces Halos for safer AI-powered robots". Each article provides unique insights and information.