26.4 C
Tuesday, January 28, 2020
Home Business Corporate News P759-M unpaid SSS premiums collected

P759-M unpaid SSS premiums collected


STATE-RUN Social Security System (SSS) has collected P795.97 million in unpaid premiums since the implementation of its Contribution Penalty Condonation Program (CPCP) in March. In a statement over the weekend, the pension fund said the unpaid premiums were collected from 31,774 employers benefiting 307,578 employees as of July. It added that it had condoned P1.67 billion in penalties through the program. It explained that the transitory clause of the Republic Act 11199, or the “Social Security Act of 2018” provides that a contribution penalty condonation program be implemented for six months from its effectivity in March. Thus, the deadline for the CPCP implementation is on September 6. The SSS is urging more than 100,000 delinquent employers to avail themselves of the program.

Sarah Brightman to perform in PH in June

British classical and theater singer Sarah Brightman will hold a concert in the Philippines in June this year. On Monday night, Brightman, known for portraying...

Bryant’s helicopter flew in fog that grounded other choppers

CALABASAS, California: The helicopter carrying Kobe Bryant and eight others that crashed into a rugged hillside outside Los Angeles was flying in foggy conditions...

‘Draconian’ travel curbs needed to halt spread of virus – scientists

HONG KONG: Governments need to implement "draconian" travel curbs to stop a mystery coronavirus in China becoming a global epidemic, a team of experts...

China extends holiday to buy time as virus keeps spreading

WUHAN, China: China on Monday extended its biggest national holiday to buy time in the fight against a viral epidemic, as the death toll spiked...

2 of 11 suspected 2019-nCoV carriers are in Metro Manila

TWO of the 11 persons under investigation on suspicion that they were infected with the novel coronavirus (2019-nCoV) are in Metro Manila, the Department...

Today’s Front Page January 27, 2020

Today’s Front Page January 27, 2020