National

SSS extends contribution payment deadline to Dec. 1

SSS extends contribution payment deadline to Dec. 1

MANILA, Philippines — Amid the prolonged COVID-19 pandemic, the Social Security System (SSS) has again given employers and the self-employed some more time or until Dec. 1 to remit their mandatory employee contributions to the state-run pension fund.

In a statement, the SSS said the newest payment deadline was originally on Nov. 30 as approved by the Social Security Commission, but since it fell on a holiday (Bonifacio Day), the remittances will be accepted until the next working day.

The extended cut-off date will cover workers’ dues from February to October if these were yet to be paid by their employers.

The new deadline applies to employers with SSS-approved installment proposals who needed to deposit their postdated checks falling due between March and October.

—Ben O. de Vera

The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link .

Subscribe to Inquirer Business Newsletter