SSS advises OFWs, self-employed and voluntary members to settle contribution underpayments


The Social Security System (SSS) called on self-employed and voluntary members, including overseas Filipino workers (OFWs), to settle any contribution underpayments to ensure that their monthly premiums for January 2014 onwards are aligned with the new SSS Contribution Schedule.
Underpayments are caused by monthly contributions that were paid in advance and based on the old SSS contribution rate of 10.4 percent and maximum monthly salary credit (MSC) of P15,000. Starting January 2014, the contribution rate has increased by 0.6 percent to 11 percent, while the maximum MSC is now P16,000. Affected members include those who made advance payments prior to the announcement of the new SSS Contribution Schedule – such as self-employed and voluntary members –as well as members unaware of changes in the amount of contributions that took effect starting this year.
Self-employed and voluntary members who paid at the minimum MSC of P1,000 would have an underpayment of P6.00 per month. As for affected OFW-members who paid contributions based on their minimum MSC of P5,000, their underpayment would amount to P30.00 per month.
“Members can settle their underpayments at any SSS branch with tellering facilities, which are open from Mondays to Saturdays, or in any of our accredited local banks. They must use the SSS Form RS-5 and indicate that the amount paid is intended for settling their underpayment for the specified applicable months,” said Judy Frances See, SSS Senior Vice President for Account Management.
Meanwhile, affected self-employed, voluntary and OFW members with payments above the minimum MSC may opt to pay the corresponding increase in contributions to retain the posting of their payments at the same MSC. Otherwise, their contributions will be posted at the applicable lower MSC.
“We advise members to settle their underpayments and put their contribution records in order as early as now to avoid issues arising from 'out-of-bracket' payments. Members paying at the minimum MSC, in particular, will have their contributions deemed 'ineffective' if they fail to settle the corresponding underpayment that will complete the full amount of the minimum monthly contribution,” See added.
She urged members to strive to pay contributions at higher MSCs to benefit from bigger SSS benefits and salary loans. The MSC, which relates to the amount of the member's monthly income covered by contributions, serves as a major basis for computation of benefits and loanable amounts.
Members can view the new SSS Contribution Schedule and the SSS Advisory showing the list of underpayment amounts per MSC at the SSS Website (www.sss.gov.ph). Various SSS forms, including the RS-5 Form needed for settling contribution underpayments, are also downloadable from the SSS Website.

Comments

Post a Comment

Popular posts from this blog

POPCOM, gagamit ng ‘digital platforms’ para pagtibayin ang mga ugnayang pampamilya

Mas pinalalawig ng Komisyon sa Populasyon at Pagpapaunlad (POPCOM) ang adhikain nitong pagpapalaganap at pagpapabuti ng pakikipag-ugnayan ng mga nakakatandang Pilipino sa kanilang mga anak na nagdadalaga at nagbibinata. Nitong Setyembre 21, ang POPCOM ay nagsagawa ng isang “parent-teen talk webinar” gamit ang Zoom, kung saan ang isang “interactive program” ang nagbigay ng naaayon na kaalaman at kasanayan sa mga magulang, habang tumulong ito sa mga anak na teenager na maabot ang kanilang buong potensyal. Hinikayat din nito ang mga nanay at tatay na sumali sa malayang usapan, lalo na sa mga usapin ukol sa sex at sekswalidad, na nakikitang makakatulong upang bumaba ang mga bilang ng mga pagbubuntis sa hanay ng mga kabataan. Maaaring mapanood ang webinar sa https://youtu.be/lZ9jrJCjYas. Ayon kay Ikalawang Kalihim (Undersecretary) Juan Antonio A. Perez III, MD, MPH, “ang webinar ay naging isang tagapag-simula at ‘padaluyan’ ng pag-uu
Read more

Biden said set to make push for demilitarized Palestinian state as part of new doctrine ---By LAZAR BERMAN

New York Times’ Thomas Friedman, who’s close to the US administration, says emerging doctrine would include Saudi-Israeli normalization, 2-state solution, and campaign against Iran US President Joe Biden’s administration is homing in on a new doctrine involving an unprecedented push to immediately advance the creation of a demilitarized but viable Palestinian state, The New York Times’ Thomas Friedman reported on Thursday. The plan, Friedman wrote, “would involve some form of US recognition of a demilitarized Palestinian state in the West Bank and Gaza Strip that would come into being only once Palestinians had developed a set of defined, credible institutions and security capabilities to ensure that this state was viable and that it could never threaten Israel.” White House officials “have been consulting experts inside and outside the US government about different forms this recognition of Palestinian statehood might take,” revealed Friedman. What he termed the new “Biden Doctrin
Read more

In Cairo, senior Hamas officials discuss hostage deal with Egyptian intelligence chief ---By TOI STAFF, AGENCIES and LAZAR BERMAN

Delegation said led by terror group’s Qatar-based political leader Ismail Haniyeh; Wall Street Journal reports Hamas demanding 150 security prisoners for each female soldier A delegation of senior Hamas officials arrived in Cairo on Thursday for talks with Egyptian officials on a possible deal that would see the release of hostages held by terrorists in Gaza. The delegation was led by Hamas political leader Ismail Haniyeh, who lives in Qatar, and included senior members Mousa Abu Marzook and Khalil al-Hayya, the Qatar-based Al-Araby news outlet reported, citing an unnamed Egyptian source. The Hamas officials met with the head of Egyptian intelligence, Major General Abbas Kamel, to discuss the details of a hostage deal proposal that was presented to the Gaza terror group earlier this week by Qatari and Egyptian mediators. The outline of the deal was drawn up during a meeting in Paris last week in the presence of Israeli and US officials, as well as Qatari and Egyptian negotiators, a
Read more