SSS aims to collect P180B this year
THE Social Security System (SSS) expects its collection of members’ contributions to grow to about P180 billion in 2018 as it embarks on initiatives aimed at reducing the number of delinquent employers.
In a statement, the state-run pension fund said the projected amount, if reached, would be a 12-percent increase from the amount posted last year.
“Our campaign against delinquent employers actually gained results with the increase in contribution collections. From P132.61 billion in 2015, it jumped to P144.36 billion in 2016 [and]P159.72 billion in 2017,” it added.
A program involved in that campaign is Run After Contribution Evaders (RACE), which SSS said “involves posting show-cause orders in establishments found to have violated [Republic Act 8282, or the Social Security Law], like [the]non-registration and non-remittance of contributions.”
“SSS also has its own version of Operation Tokhang in partnership with the Philippine National Police, [in which]warrants of arrest are issued to employers convicted by the regional trial courts for violation of the SS Law,” it added.
According to the pension fund, it would also start issuing warrants of distraint, levy and garnishment to delinquent employers, both convicted and at large; and get more account officers, as a budget for them has been allocated for this year and next.
The SSS management considers hiring such personnel and studying the feasibility in tapping third parties to collect contributions as among its revenue-improvement measures.
This comes after a Commission on Audit (CoA) report showed that uncollected premium contributions reached P13.778 billion as of end-2017 because SSS lacked account officers to monitor remittances.
In the first quarter, SSS reported that its collection of members’ contributions rose by 7.64 percent from P39.55 billion in the same period last year.
The post SSS aims to collect P180B this year appeared first on The Manila Times Online.