ECC lowers fine on unpaid SSS, GSIS premiums | Inquirer Business

ECC lowers fine on unpaid SSS, GSIS premiums

04:59 AM August 05, 2019

MANILA, Philippines — The penalty imposed on employers by the Employees’ Compensation Commission (ECC) for failure to remit their employees’ compensation (EC) contribution to the Social Security System (SSS) and the Government Service Insurance System (GSIS) has been reduced from 3 percent to 2 percent per month, according to Labor Secretary Silvestre Bello III.

“ECC amended its rules on employees’ compensation in response to the penal provisions on the collection of contributions of [the] SSS and [the] GSIS,” said Bello, who chairs the ECC board.

The ECC deemed it proper to revise the prevailing percentage or the amount of penalty to be imposed on employers who fail to pay their EC contribution to avoid confusion. —Tina G. Santos

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: ECC

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.