SSS revenue up 5.9% in April

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State-run Social Security System (SSS) said its revenue collection from members’ contribution in April rose by 5.9 percent from a year earlier, bringing the four-month tally up by almost 10 percent.

In a statement over the weekend, SSS said April collections rose to P12.63 billion, a positive growth performance of 5.9 percent from a year earlier.

In first four months of 2017, contribution collections jumped by 9.6 percent from the P47.59 billion recorded in the same period last year.

PHOTO BY ROGER RAÑADA

Emmanuel Dooc, SSS president and chief executive officer said this was mainly driven by the aggressive contribution collection drive of SSS dubbed as “Operation Tokhang” or “Run After Contribution Evaders” (RACE) or delinquent employers.


RACE was launched in April in Greenhills Shopping Center and about 684 retailer stores were mapped for their compliance with Republic Act 8282 or the SS Law.

Recently, the SSS in cooperation with the Criminal Investigation and Detection Group (CIDG) of the Philippine National Police (PNP), arrested the owner of a security agency for violation of Republic Act 8282 or also known as Social Security Act of 1997, with delinquencies reaching to more than P180,000.

The SSS has also developed and submitted to the office of President Rodrigo Duterte the manual on Warrant of Distraint, Levy and Garnishment (WDLG).

The proposed WDLG is similar to the tax collection power of the Bureau of Internal Revenue whereby SSS can seize real and personal properties of employers, subject to an auction sale, as payment for unpaid contributions.

“We’ve also increased our presence to our members so they can easily reach us as we opened three new branches, 15 new service offices and two foreign offices. We’ve also relocated 14 of our branches since we assumed the post last November 2016,” Dooc said.

SSS has also signed official memorandums of agreement with different professional groups like the Integrated Bar of the Philippines (IBP) to encourage lawyers to become active SSS members.

“Our current contribution collection and investment income from last year is enough to finance the additional P1,000 benefit for pensioners so we assure the public that the pension fund remains strong and viable,” Dooc added.

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