Social Security System (SSS) has given yet another extension of payment due on December 1 of this year. In view of the global pandemic COVID-19, SSS has given consideration to employees and self-employed contributors.
The State-run pension fund had already stretched the due date to November 30 as approved by the Social Security Commission but in their recent announcement, they had once again extended the due till December 1. In light of November 30 being a holiday, the deadline was moved till the next day.
Also to follow the Bayanihan to Recover as One law, initiated by the government.
Employers can still pay their worker’s dues, also the Self Employed, Voluntary Members and Non Working Spouse (SE/VM/NWS) can also submit their contributions on the said date. There will be no penalties incurred as long as they pay within the announced deadline. The deadline also applies to loan repayments and employers who have SSS-approved installment proposals.
Aurora Ignacio, SSS President and Chief Executive Officer, reminds everyone to avoid the last minute bell and try to settle their contributions as early as they can to avoid overcrowding inside the establishment and make use of the extended deadline wisely.
SSS have partners and different payment options for their contributor’s convinience. They can use over-the-counter payment facilities or their bank partners. They also have online payment platforms such as GCash and PayMaya in which members can pay from the safety of their homes or offices.
COVID-19 has spread around the globe faster than we could anticipate and it not only poses as a health threat but also brought economies down. Tourism and transportation industries had suffered heavy losses. People lost jobs and businesses leading to decrease in income which is the main cause for the creation of Bayanihan to Recover as One Act. We can all get through these tough times as one, and so it is best to keep in mind the safety protocols in public locations.