The Social Security System on Monday, Aug. 16, reminded all employers — registered or unregistered — to be compliant with their legal obligations to their employees, regardless of employment status, to avoid criminal prosecution under the provisions of the Republic Act No. 11199 or the Social Security Act of 2018.
Employers should also deduct from the employees’ salaries the employee share in their monthly SSS contribution and pay together with the employer share of the contribution including the Employees’ Compensation contribution. “We have also been receiving reports of unposted loan payments from our employed members. However, employers have failed to submit the loan collection lists to SSS which is very important since it is the basis for the crediting of loan payments to the member’s account,” Ignacio explained.
However, if the violation consists in failure or refusal to register employees or himself, in case of the covered self-employed, or to deduct contributions from the employee’s compensation and remit the same to the SSS, the penalty shall be a fine of not less than P5,000.00 nor more than P20,000.00 and imprisonment for not less than six years and one day nor more than 12 years.
Source: Law Daily Report (lawdailyreport.net)
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