Friday, June 29, 2018

SSS Loan and Contribution Payment Options (How To Pay)


Where to pay for SSS Loans and Contributions


We all know that we can pay our monthly contributions and loan amortizations to any SSS office. The majority of us surely take that route.

While it is alright to fall in line at the office, it is not practical for someone who lives outside the city especially for those self-employed and voluntary members who have to personally pay their monthly responsibilities unlike with employed members. 

Though we can consider that they manage their own time but to spend more on transportation is just not an exceptional idea.

As someone who lives far from the city and soon-to-be-mom, I wondered where and how can I possibly pay my monthly contribution and loan amortization without having to visit the SSS office.

What if there are other mediums used by SSS which can spare our time, effort, and finances?

So, I looked for ways on how to pay my monthly contributions and my salary loan.

As a former Call Center Agent, I used my research abilities to find multiple options. I considered online payments to GCash to Bayad Centers.

Good thing I was able to visit one of the SSS offices just last month and I was able to find notable information aside from the information I gathered from my online searches.

SSS Payment Partners in the Philippines


You might want to consider the following SSS partners when paying your contribution and loan amortizations.

1. BancNet


BancNet is the first multi-bank payment gateway where you can transact in a secure, real-time environment using our BancNet ATM Card. This is truly useful to OFWs and even to those living in the provinces who want to be updated with the payment of loans and contributions.

SSS members holding ATM Cards of Bancnet affiliated banks can opt to pay the monthly contributions online. All you have to do is access the Bancnet website and pay through your account.

Members need not worry about the registration and service charge as this is an absolute “no registration and no transaction fee” service.

2. UnionBank


UnionBank is a partnership among the Aboitiz Group, Insular Life, and SSS. If you have a UnionBank ATM Card, you can opt to pay SSS loan and contribution by directly going to their website.


The difference with UnionBank though is that you have to register an account before you can access the online payment service. But no need to worry over the registration process as there are instructions provided on the website.

Aside from SSS payments, UnionBank online payment service also allows you to transact payments for other government agencies such as Philhealth, BIR, and Pag-Ibig.

3. Bayad Center


Bayad Center is a pioneer in the industry of outsourced payment collections in the Philippines. With over 5000 payment locations nationwide, bills payment is made easier and faster. No need to travel far or fall in line.

The advantage of paying at Bayad Center is that there are a lot of partner agencies you can go to especially if you are living in a rural area and you do not have to access any website. All you have to do is fill-up the form, give it to the teller together with your money and they’ll take care of the payment.

No need to stress over the service fee as SSS has arranged an agreement with their partners not to collect additional charges. 

Just make sure to keep your receipt as proof of payment should any issue arise in the future. It is better to be safe than sorry later.

Types of Payments Accepted at Bayad Center:


  • SSS contribution of self-employed, voluntary, OFW
  • Short term and real estate loans
  • Employer or kasambahay payments
  • SSS ID payments
  • SSS Flexifund for OFWs
  • SSS loan payments under the loan restructuring program

Bayad Center Authorized Partners:


  • Robinsons Department Store
  • Robinsons Supermarket
  • Isetann
  • The Landmark
  • Sta. Lucia Mall
  • Walter Mart Supermarket
  • SRS
  • LBC
  • BHF Baguio Pawnshop
  • Sinag Pawnshop
  • Pera Center
  • LDB
  • Raquel Pawnshop
  • eBiz
  • PeraHub
  • Netopia
  • Go Beyond
  • USSC

Bayad Center Selected Branches:


  • 2GO Express
  • PHLPost
  • Tambunting
  • Palawan Pawnshop Express Padala
  • Super Metro
  • Metro Supermarket
  • CityState
  • Villarica
  • DA5

4.   GCash


GCash is a virtual wallet service offered by Globe Telecom that enables users to carry out financial transactions using mobile phones. This payment scheme is available to all self-employed and voluntary members including OFWs and non-working spouses.

To take advantage of this new payment channel, you need to have either a Globe prepaid/postpaid sim or a TM prepaid sim.

You can directly dial *143# on your mobile phone and look for GCash to register or you can opt to download the mobile app for easy access. Registration is easy and only takes minutes. You can also contact GCash Care through their Facebook account for assistance.

To use GCash to pay for loans or contributions, you can deposit funds to your GCash account through GCash outlets, mobile phone banking, and online bank transfers, among others. You can opt to deposit your account through 7-Eleven, Cebuana Lhuillier, and some Cooperatives.

5. Cooperatives


Cooperatives are financial institutions that offer various loan services. Just recently, I noticed a cooperative who partners with SSS in collecting contributions and loan payments for the benefit of their loyal members. If you happen to be a member of a Cooperative, you may inquire with them if they do accept SSS payments.

Do you know other SSS payment partners where we can pay our SSS loan amortizations and monthly contributions?

Friday, June 22, 2018

Understanding SSS Maternity Benefit


Maternity Benefit


In the event that you are an expecting mother, understanding the SSS maternity benefit is essential.

Before I conceived my first child, I ensured that I had a clear understanding of this sort of SSS privilege, how this works and how I might be able to take advantage of this as an SSS member.

Maternity Benefit is a day by day money stipend allowed to a female member who can't work because of labor or an unnatural birth cycle. 

Self-employed and voluntary members are likewise qualified for the maternity advantage, provided that the SSS qualifying conditions are met. 

Under existing law, the maternity advantage will be paid uniquely for the initial four (4) conveyances or unsuccessful labors. 

The measure of the everyday maternity advantage remittance is comparable to 100% of her Average Daily Salary Credit (ADSC) which is duplicated by 60 DAYS for ordinary conveyance, unnatural birth cycle, or ectopic pregnancy WITHOUT activity/hydatidiform mole (H-mole) and increased by 78 DAYS for cesarean area conveyance or ectopic pregnancy WITH activity. 

Here are the qualifying conditions and procedures regarding SSS maternity benefit.


1. Must have paid at least 3 months


So as to qualify for the maternity benefit repayment, the expecting female member must have paid at least three (3) months contributions within the 12-month time frame preceding the semester of her labor, premature delivery, or procedure.

A semester refers to two (2) continuous quarters finishing off with the quarter of contingency while a quarter alludes to three (3) consecutive months finishing March, June, September, or December. 


2. Must have submitted Maternity Notification


The expecting mother is required to inform SSS prior to delivery by completing the Maternity Notification Form

For employed individuals, maternity notice ought to be through the business. The business should then present the notice structure to SSS after its receipt from the worker.

Bosses can likewise present the worker's maternity warning through their record at the SSS site. 

On the off chance that the member conceives an offspring or endures premature delivery yet, the commitments were not transmitted by the business, the advantages that the part would have been qualified for will be paid by the business. 

For independently employed and willful individuals, warning ought to be submitted straightforwardly to SSS. It very well may be finished by setting off to the SSS office, submitting on the web through the SSS site, utilizing the Text-SSS Facility, and documenting through the Self-Service Information Terminal. 

When the member's pregnancy is affirmed, she should promptly advise her boss or the SSS straightforwardly of the pregnancy, including the likely date of her labor at any rate 60 days from the date of origination to have the option to get ready for potential possibilities, for example, unsuccessful labors. 


3. Must have submitted MBRA or MBA


Just because the female member is pregnant doesn't mean she is naturally qualified for the advantage repayment. She should apply for repayment at the closest SSS branch. 

Employed individuals through their employers need to present the Maternity Benefit Reimbursement Application (MBRA) Form, Maternity Notification Submission Confirmation, evidence of pregnancy and duplicates of legitimate IDs of the filer to be able to receive the reimbursement.

Independently employed and Voluntary individuals, on the other hand, need to present the Maternity Benefit Application (MBA) Form, Maternity Notification Confirmation, evidence of pregnancy, duplicates of legitimate IDs of the filer and other supporting archives to be able to claim the maternity benefit after delivery or procedure.


Calculation of reimbursement


Range of Compensation
MSC
1,000 – 1,249.99
1,000
1,250 – 1,749.99
1,500
1,750 – 2,249.99
2,000
2,250 – 2,749.99
2,500
2,750 – 3, 249.99
3,000
3,250 – 3, 749.99
3,500
3,750 – 4, 249.99
4,000
4,250 – 4, 749.99
4,500
4,750 – 5, 249.99
5,000
5,250 – 5, 749.99
5,500
5,750 – 6, 249.99
6,000
6,250 – 6, 749.99
6,500
6,750 – 7, 249.99
7,000
7,250 – 7, 749.99
7,500
7,750 – 8, 249.99
8,000
8,250 – 8, 749.99
8,500
8,750 – 9,249.99
9,000
9,250 – 9,749.99
9,500
9,750 – 10,249.99
10,000
10,250 – 10, 749.99
10,500
10,750 – 11,249.99
11,000
11,250 – 11, 749.99
11,500
11,750 – 12,249.99
12,000
12,250 – 12,749.99
12,500
12,750 – 13,249.99
13,000
13,250 – 13,749.99
13,500
13,750 – 14,249.99
14,000
14,250 – 14,749.99
14,500
14,750 – 15,249.99
15,000
15,250 – 15,749.99
15,500
15,750 and over
16,000


Here is how to compute the maternity reimbursement.

1. To compute the maternity repayment, you need to exclude the semester of contingency.

2. Count twelve months in reverse, beginning from the month preceding the semester of possibility. Recognize the six' (6) most noteworthy Monthly Salary Credit (MSC) inside the year preceding the semester of possibility. 

MSC implies the remuneration base for contributions and benefits identified with the absolute income for the month. The greatest secured profit or remuneration is Php16,000 valid January 1, 2014. (The table above demonstrates the MSC for certain compensation extend.) 

3. After recognizing the MSC, you include the six (6) most elevated MSC to get total MSC. 

4. Then, divide total MSC by 180 days to get the Average Daily Salary Credit (ADSC). This is proportionate to the everyday maternity stipend. 

5. You then multiply the day by day maternity remittance either by 60 or 78 days, to get the aggregate sum of maternity benefit. 

For instance: 

An SSS member conceived an offspring in December 2016. The semester of possibility would be from July 2016 to December 2016. The year time frame before the semester of possibility would be from July 2015 to June 2016. Assuming that the 6 most elevated MSC are Php15,000 each. Therefore, the total MSC would be Php90,000 (15,000 x 6). 

The every day maternity remittance would then be Php500 (90,000 ÷ 180). Contingent upon her maternity case, the total maternity advantage due would either be: 

Php30,000 (500 x 60 days) for ordinary conveyance, unnatural birth cycle, ectopic pregnancy without activity/H-mole. 

Php39,000 (500 x 78 days) for cesarean conveyance/ectopic pregnancy with activity. 


Maternity Benefit Disbursement Process


A female member can't claim for ailment benefit for a time of 60 or 78 days which she has been paid the maternity benefit.

As a policy, no member can be qualified for two (2) benefits for a similar period. 

For employed individuals, the benefit ought to be completely given ahead of time by the business to the certified female representative inside 30 days from the date of documenting of the maternity leave application. 

The SSS, thus, will promptly repay the business 100% of the measure of maternity benefit paid in advance to the female employee once all the pertinent documents are received from the employer.

For this reason, all businesses are required to take on the Sickness and Maternity Benefits Payment through the-Bank Program (SMB-PTB) wherein SSS repayments will be saved straightforwardly to the current investment account of the business in an SSS-certified bank.

The payment notice containing the details of the Sickness-Maternity repayment will be sent to the business' "My.SSS" account. 

For self-employed, voluntary, and separated from work, the maternity benefit is paid straightforwardly to them by the SSS through their single investment funds/current/money card/prepaid record in an SSS-certified bank under the SMB-PTB. 

For this reason, the part whose endorsed advantage sum is more than Php1000 and whose address is inside 30 kilometers from the closest SSS-licensed bank is required to open solitary investment funds or current record with an SSS-certify bank or utilize his/her current one with an SSS-authorized bank, to which the advantage installment will be transmitted. 

On the off chance that the member doesn't have a current financial balance, the SSS will give a Letter of Introduction (LOI) structure that must be displayed to the SSS-certify bank picked by the part for the reasons for opening a solitary investment account or money card account.

The member will at that point be advised by SSS through email or through text regarding their maternity benefit.

For further questions, please use the comments section below.


Related:


Friday, June 15, 2018

7 SSS Benefits You Should Know


SSS Benefits

SSS was created to give security to the Filipino individuals against the unusual occasions that may bring about monetary weights, such as, inability, disorder, maternity, and death. The program had already helped a lot of Filipino members since it started.

However, there are SSS members who don't know about the different SSS benefits they or their family can claim.

Some only know about the retirement benefits they can enjoy when they arrive at retirement age. Some are not even aware of maternity advantage.

Hence, I choose to share this information so others may know and guarantee their privileges.

Types of SSS Benefits in the Philippines


Here are the 7 benefits that we can possibly claim as an SSS member.


Sickness benefit


Sickness benefit is daily money recompense paid for the number of days a member can't work because of illness or injury and is conceded up to a limit of 120 days in one schedule year. 

The measure of the member's day by day ailment benefit remittance is equal to 90% of his/her Average Daily Salary Credit (ADSC). 


The qualifying conditions are:


1. The member can't work because of ailment or damage and is limited either in an emergency clinic or at home, for at any rate four (4) days. 

2. The member has paid in any event three (3) months of commitment inside the year time frame preceding the semester of infection or damage. 


3. The member has spent all organization debilitated leaves with pay for the present year and has properly informed the business. 


4. If separated from work, an independently employed or voluntary member, or an abroad Filipino laborer (OFW), the member should tell the SSS DIRECTLY by documenting an affliction advantage application.


Maternity Benefit


Maternity benefit is a day by day money remittance allowed to a female member who can't work because of labor or premature delivery and is offered up to the initial four (4) conveyances or unsuccessful labors in particular. 

The measure of the day by day maternity advantage stipend is equal to 100% of her Average Daily Salary Credit (ADSC) which is increased by 60 DAYS for ordinary conveyance, unsuccessful labor, or ectopic pregnancy WITHOUT activity/hydatidiform mole (H-mole) and duplicated by 78 DAYS for cesarean area conveyance or ectopic pregnancy WITH activity. 


To know more about maternity benefit including its qualifying conditions, please check our post about it.


Disability


Disability benefit is a money benefit allowed either as a month to month benefits or a single amount add up to a member who turns out to be for all time handicapped. 

On the off chance that the member is qualified, he/she is conceded a month to month handicap benefits in addition to a Php500 month to month supplemental stipend. 


On the off chance that the part has less than ten (10) Credited Years of Service (CYS), the most minimal month to month handicap annuity is Php1000. 


In the event that the part has AT LEAST 10 Credited Years of Service, the most reduced month to month incapacity benefits is Php1200. 


In the event that the part has AT LEAST 20 Credited Years of Service, the most reduced month to month incapacity benefits is Php2400. 


Here are the other qualifying conditions:


1. The member has paid in any event one (1) month commitment before the semester of inability. 


2. The member was more likely than not paid at any rate 36 month to month commitments (3 years) preceding the semester of incapacity to have the option to meet all requirements for a month to month inability annuity. 


3. If the member has paid less than 36 month to month commitments, he/she is allowed a singular amount sum.


Retirement Benefit


The retirement benefit is a cash benefit either as a month to month annuity or a single amount add up to a part who can never again work because of mature age. 

On the off chance that the member is qualified, he/she will be conceded a month to month retirement benefits in addition to a thirteenth-month annuity payable each December. 


On the off chance that the member has subordinate MINOR youngsters, they are given a reliant's benefits comparable to (10%) of the part's month to month annuity or Php250, whichever is higher. Just five (5) minor youngsters, starting from the most youthful, are qualified for dependent's benefits. No substitution is permitted. 


The most reduced month to month retirement annuity is Php1200 if the part has in any event 120 month to month commitments and Php2400 if the part has 240 month to month commitments. 


The retiree, notwithstanding, has the alternative to get the initial eighteen (year and a half) annuity in a singular amount, limited at a particular pace important to be dictated by the SSS. This choice can be practiced uniquely upon the documenting of the primary retirement guarantee. The reliant's benefits and thirteenth-month annuity are rejected from the propelled year and a half benefits. 


Here are the qualifying conditions for retirement benefit:


1. The member is in any event 60 years of age which is discretionary retirement age, isolated from business, or has stopped to act naturally utilized and has paid at any rate 120 month to month commitments (10 years) preceding the semester of retirement. 


2. The member is 65 years of age which is the compulsory retirement age, regardless of whether utilized or not and has paid in any event 120 month to month commitments before the semester of retirement. 


3. The member more likely than not paid at any rate 120 month to month commitments before the semester of retirement to fit the bill for a month to month retirement benefits. 


4. If the part has LESS than 120 month to month commitments, he/she might be conceded a single amount sum, however, he will likewise be given the alternative to keep paying commitments to finish the 120 months to end up qualified for a month to month benefits.


Death


The death benefit is a money advantage that is given either as a month to month benefits or a singular amount add up to the recipients of a perished part.

In the event that the member is qualified, the primary beneficiary is granted monthly death benefits in addition to a thirteenth-month annuity payable each December. 


On the off chance that the part has subordinate MINOR kids, they are given a needy's annuity proportional to (10%) of the part's month to month benefits or Php250, whichever is higher. Just five (5) minor youngsters, starting from the most youthful, are qualified for dependent's annuity. Still, there is no substitution permitted. 


On the off chance that the part has LESS than 10 Credited Years of Service, the most minimal month to month demise benefits are Php1000. 


On the off chance that the part has AT LEAST 10 Credited Years of Service, the most minimal month to month demise benefits are Php1200. 


In the event that the part has AT LEAST 20 Credited Years of Service, the most reduced month to month passing benefits are Php2400. 


Here are the qualifying conditions:


1. A month to month demise benefits is conceded to the essential recipient of the deceased member who has paid in any event 36 month to month commitments (3 years) preceding the semester of death. The essential recipient could be the authentic life partner until he/she remarries, and legitimate, legitimated or lawfully embraced, and ill-conceived youngsters. 


2. If the departed member has only paid LESS than 36 months contribution, a lump sum amount is conceded to the primary recipient. 


3. If the departed member has no primary recipients, the member's auxiliary recipients (subordinate guardians) will be given a singular amount sum.


Funeral


Funeral benefit is a kind of cash benefit that is given to whoever paid for the internment costs of the deceased member. It is a variable sum going from at least Php20,000 to a limit of Php40,000 relying upon the part's paid commitments and credited long stretches of administration. 

The qualifying conditions for this benefit are:


1. The worker part is accounted for inclusion by the business. 


2. An independently employed member, OFW or non-working companion who has paid at any rate one (1) month commitment. 


3. A deliberate member who is recently secured either as employed, independently employed, or OFW and has paid at any rate one (1) month contribution.


Employees’ Compensation (EC) Program


EC is a type of cash benefit for brief ailment or incapacity, lasting fractional or complete inability, and demise. It likewise covers therapeutic administrations, recovery administrations, apparatuses, and supplies. This program means to help the individuals who experience the ill effects of work-associated ailment or damage bringing about incapacity or passing. 

Beginning in June 1984, the advantages under the EC Program might be delighted in all the while with benefits under the Social Security Program permitting twofold pay for secured individuals who endure business-related possibilities. 


All SSS-enlisted managers and representatives are obligatorily secured under the EC program and don't have to enlist again under the EC.

What other SSS benefits do you know are available for us Filipinos? Please tell us in the comments section below.

Friday, June 8, 2018

SSS Maternity Notification Now One Text Away



With the growing numbers of SSS individuals every year, SSS keeps on improving its administration conveyance by contriving all the more friendly, helpful, and available methods for doing transactions with them.

One of the best administration conveyance channels is the improved SSS site and its different online administrations. The accessibility of the improved SSS site alone is as of now its very own fruitful program.

A definitive objective of SSS with this improvement is to save their valued members' time and effort in setting off to their branch workplaces for essential request and accommodation of advance applications.

Simply this year, SSS has opened another road in submitting maternity notice as one of the maternity benefits requirements.

Besides the present act of submitting maternity notices straightforwardly to the SSS office, individually paying female individuals currently have another alternative in informing SSS about their pregnancy. 

SSS has declared recently that independently employed and voluntary female individuals can utilize the Text-SSS Facility in submitting maternity notice as a major aspect of its command to constantly give better service.

This one-message away program is unquestionably the most helpful road for anticipating moms in notifying SSS about their pregnancy without visiting the closest office just to comply with the SSS maternity benefits requirements, particularly for those individuals who live from afar like me. 

How to Submit SSS Maternity Notification Via Text


SSS has made things better and easier for their members, yet, there are also some guidelines to follow just like when notifying SSS about your maternity via text.

When texting SSS about your maternity, follow the format below:

SSS MATERNITYNOTIF <SSS Number> <PIN> <Expected Delivery Date in MM/DD/YYYY> <Total Number of Pregnancies including the current pregnancy>

In the event that I am to send a maternity warning to SSS by means of Text, at that point, I need to type the accompanying data: 

SSS MATERNITYNOTIF <1234567890> <1234> <07302018> <2> 

The message should then be sent to 2600. 

The cost for each text is Php2.50 for Globe, Touch Mobile, and Smart subscribers, Php2.00 for Sun Cellular subscribers. 

When the maternity notice is effectively gotten by SSS, the member will receive a confirmation that the notification was successful.

With the utilization of the Text-SSS facility, the member won't be at first required to present the verification of pregnancy upon notice, yet it must be submitted during the actual application of the maternity benefit at the SSS office. 

Beside the Text-SSS Facility, independently paying female individuals likewise have an alternative to present their maternity notification on the web through the improved SSS site.

They just have to visit and register to the portal in order to gain access to the online service. With the online notice, the expecting female member is required to give data about the expected delivery date, the number of delivery, and the date of the last delivery or miscarriage.

This new program, nonetheless, is accessible for independently employed and voluntary members. Employed individuals still need to present the notice through their bosses per SSS guidelines.

What do you think of this SSS new program in submitted maternity notification? Let us know in the comments section below.

Friday, June 1, 2018

SSS Revised Payment Deadlines of Contributions 2018


Revised SSS Payment Deadlines of Contributions


We all get entangled with our bustling lives each day that we will, in general, overlook the significant things in our lives, for example, our birthday celebrations and wedding commemorations, and even a portion of our duties like bills installment. 

As we get more established, we appear to have a lot of activities so as to get by with our everyday battles. Here and there, our month to month pay rates is insufficient to give every one of our needs.

There are occasions wherein we scarcely carry foods to our tables and it's sort of disappointing particularly in the event that you have children to deal with. 

Additionally, paying for protection plans or different premiums like SSS month to month commitments is another weight we need to hold up under.

This isn't an issue however for employed SSS individuals. In any case, for us independently employed and voluntary SSS members, this is something we need to deal with. 

While having them verifies the eventual fate of our family, however, with various needs each day, we sometimes put these things off and appeal to God for an extension of our due dates. 

Good thing SSS has been lenient this year to the majority of their individuals.

In light of the far-reaching solicitation of all SSS individuals including businesses, SSS has overhauled the installment cutoff times of commitments for the material months beginning January to June 2018, under Resolution No. 361-s.2018. 


Revised Deadlines of the Payment of Contribution 

Here are the separate revised deadlines for employers and for self-employed and voluntary SSS members in the Philippines.

· For Employers 


The current cutoff time of tenth, fifteenth, twentieth, 25th, and month-end following the material month relying upon the tenth digit of the Employer Number has been moved to month-end following the appropriate month. 

For instance: 

On the off chance that a business' cutoff time for the payment of contribution for the applicable month of March 2018 is April 10, 2018 – the contribution can still be paid until April 30, 2018, without punishments. 

· For Self-Employed and Voluntary Members 


The payment of monthly contributions can still be paid up to the month-end following the applicable month or quarter regardless of the last digit of the member's SSS Number. 

For instance: 

On the off chance that the individual member neglected to pay either their March 2018 or January to March 2018 commitments on their particular cutoff times, they can in any case pay until April 30, 2018. 

With this program, the punishments paid by businesses dependent on the current installment cutoff times covering the applicable months of January to June 2018 will be discounted to them according to SSS. 

This revised calendar of payment of SSS monthly contributions was executed in perspective We as a whole get snared with our bustling lives each day that we will, in general, overlook the significant things in our lives, for example, our birthday celebrations and wedding commemorations, and even a portion of our duties like bills installment. 

As we get more established, we appear to have a lot of activities so as to get by with our everyday battles. Here and there, our month to month pay rates is insufficient to give every one of our needs.

There are occasions wherein we scarcely carry nourishment to our tables and it's sort of disappointing particularly in the event that you have children to deal with. 

Additionally, paying for protection plans or different premiums like SSS month to month commitments is another weight we need to hold up under. This isn't an issue however for utilized SSS individuals.

In any case, for us self-employed and voluntary individuals, this is something we need to deal with.

While having them verifies the eventual fate of our family, however, with various needs each day, we often put these things off and appeal to God for an extension of our due dates. 

Good thing SSS has been indulgent this year to their members.

In light of the far-reaching solicitation of all SSS individuals including businesses, SSS has overhauled the installment cutoff times of commitments for the material months beginning January to June 2018, under Resolution No. 361-s.2018. 

Overhauled Deadlines of Payment of Contribution 


· For Employers 


The current cutoff time of tenth, fifteenth, twentieth, 25th and month-end following the material month relying upon the tenth digit of the Employer Number has been moved to month-end following the appropriate month. 

For instance: 

On the off chance that a business' cutoff time for the installment of commitments for the pertinent month of March 2018 is April 10, 2018 – the commitment can even now be paid until April 30, 2018, without punishments. 

· For Self-Employed and Voluntary Members 


Installment of commitments can at present be paid up to the month-end following the pertinent month or quarter paying little mind to the last digit of the part's SSS Number. 

For instance: 

On the off chance that the individual part neglected to pay either their March 2018 or January to March 2018 commitments on their particular cutoff times, they can in any case pay until April 30, 2018. 

With this program, the punishments paid by businesses dependent on the current installment cutoff times covering the appropriate a very long time of January to June 2018 will be discounted to them according to SSS. 

This updated calendar of SSS contribution was executed from the perspective of the system infrastructure adjustments realized by the Real-Time Posting of Contributions (RTPC) program. 

As of the end of December 2017, SSS has effectively in excess of 960,000 registered employers and some consolidated 8.63 million enlisted self-employed and voluntary individuals.

This revised payment schedule is certainly an uplifting new for everybody. 

What's your opinion about the reconsidered installment cutoff times of SSS Contributions? If it's not too much trouble let us know in the remarks segment beneath.