The Social Security System (SSS) on Tuesday clarified that about half of the PhP89 billion in uncollected contributions from employers flagged by the Commission of Audit (COA) has already been collected.

In a Palace briefing, SSS President and CEO Robert Joseph de Claro explained a report cited figures from previous years, including those during the pandemic when most businesses struggled to continue operations.

As of October 2024, the uncollected contributions are already down to PhP46 billion. De Claro said the state-run pension fund is assessing the sources of other discrepancies.

“It’s an old COA report that talks about the delinquency of employers from SSS. From that time it was P89 billion. After reconciliation, as of October 2024 that number has gone down to P46 billion and we are constantly working on trying to assess ibang sources nitong discrepancy na’to,” De Claro said.

The 2023 COA report cited uncollected premium contributions from delinquent employers. According to the report, only PhP4.581 billion was collected in 2023 which is only 4.89 percent of the PhP93.747 billion collectibles for that year.

The figures accounted for 420, 767 delinquent business employers and household employers. | PND