SSS posts 10% jump in 4-month revenue

The Social Security System reported a 10-percent year-on-year jump in its revenue collection for the first four months of 2017 to P52.2 billion partly due to its aggressive drive against delinquent employers.

In a statement, SSS president and chief executive Emmanuel F. Dooc said collection for January alone showed the highest monthly growth rate at 14 percent to P13.6 billion.

Growth in February earnings also hit two digits at 12 percent (P12.9 billon) while March and April revenues rose 7 percent (P13.1 billion) and 6 percent (P12.6 billion), respectively.

The sustained monthly growth was “mainly driven by the aggressive contribution collection drive of SSS such as ‘Operation Tokhang’ or ‘Run After Contribution Evaders,’” Dooc said.

To help in raising revenue further, Dooc said the SSS had submitted to the Office of the President the proposed manual on Warrant of Distraint, Levy and Garnishment (WDLG), which was similar to an effort of the Bureau of Internal Revenue through which the agency can seize real and personal properties, 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,” Dooc said. “We’ve also relocated 14 of our branches” since November 2016.