TO: ALL SSS-OFW Members
SUBJECT: New Payment Deadline for Contributions of OFW-Members
Pursuant to Social Security Commission Resolution No. 406-s.2006 dated 27 September 2006, the deadline for the payment of social security contributions of overseas Filipino workers is hereby extended:
1. Contributions for the months of January to December of a given year may be paid within the same year; and
2. Contributions for the months of October to December of a given year may also be paid on or before the 31st of January of the succeeding year, or if it falls on a Saturday, Sunday or holiday, on the next immediate working day.
In case of advance payments, only the contributions applicable to the month(s) prior to any contingency entitling the member or his beneficiary to any benefit from the SSS shall be considered in the computation of such benefit, while the rest shall be refunded in case of a final claim or credited to his future accounts, in accordance with existing rules.
No contribution paid retroactively shall be used in the computation of any benefit arising from a contingency that preceded the date of payment of the retroactive contribution.
This Circular takes effect immediately. All other rules and regulations which are inconsistent with the provisions of this Circular are hereby repealed, amended or modified accordingly.
Issued this 15th day of November 2006.
CORAZON S. DE LA PAZ
President and CEO
SOCIAL SECURITY COMMISSION
THELMO Y. CUNANAN
15 November 2006
See SSS Circular No. 2015-007 that Revised the rule on benefit payments related to retroactive payments by OFWs. This circular was issued on April 28, 2015.