The Social Security System (SSS) collected P98.26 billion in contributions over the first three quarters of this year, higher by 10 percent from the P89.03 billion total for the same period in 2014, with the pension fund achieving growths in all four major segments of SSS membership.
SSS Officer-in-Charge of Management Services and
Planning Division Eleonora Y. Cinco said that contribution collections
from employees (EE), self-employed individuals (SE), voluntary members
(VM) and overseas Filipino workers (OFW) attained year-on-year increases
that ranged from six to 11 percent.
from employed members amounted to P85.50 billion, which was 11 percent
higher than the P77.35 billion total for the same period last year. This
was the result of our coverage drives and stricter implementation of
policies concerning the SSS obligations of employers,” Cinco said.
Employers that are classified as large accounts, or those with at least
100 EEs, remitted a total of P57.35 billion or about two-thirds of the
total EE collections. Collections from employers under branch accounts,
which pertain to those with less than a hundred EEs, reached P28.16
The SSS has been exerting greater pressure on delinquent
employers to comply with their responsibilities under the law through
legal actions such as issuance of demand letters and filing of court
cases for non-remittance of contributions. Over 7,000 employers have
been sued by the SSS since 2010.
Cinco advised employed members to register at the My.SSS facility of the SSS Website (www.sss.gov.ph)
so that they can monitor whether their employers have been remitting
their monthly contributions to the SSS. The website services are also
available for those covered as SE, VM and OFW.
Similar to EE
contributions, the nine-month VM collections also achieved an 11 percent
growth, totaling P5.47 billion this year from P4.93 billion in 2014. SE
collections grew by nine percent from P4.02 billion to P4.40 billion,
while OFW contributions rose by six percent from P2.73 billion to P2.88
“The growths in SE, VM and OFW collections are
encouraging for these are sectors that are much harder to cover as
compared with the EE segment. It shows that these individuals have a
better appreciation of the social security benefits that they can get
when they religiously pay their contributions,” Cinco noted.
Initiatives aiming to increase the number of SSS-covered workers, such
as the AlkanSSSya Program targeting the informal sector, tie-ups with
state-run agencies for the SE coverage of job order and contractual
hires excluded from the pension scheme for government employees and
setting up of new overseas SSS offices for the convenience of OFWs,
helped boost collections from the non-EE membership.
“We are also
making it easier for individually-paying members to remit their SSS
payments as they have no employer to do it for them. For example, we
have been accrediting cooperatives and microfinance institutions to act
as collecting agents for the SSS payments of their members and clients,”
The SSS has 33.33 million registered members at
present. EEs accounted for over 70 percent of the total, and nearly half
of SSS membership are based in the National Capital Region.