An official of the Social Security System (SSS) is urging delinquent employers to avail of the agency’s Pandemic Relief and Restructuring Program (PRRP) 2 and 3.
Last year, SSS launched five relief and restructuring programs for borrowers and employers with past-due payments on their employees’ compensation contributions as well as salary or housing loans to ease their financial burden amid the prolonged economic impact of the Covid-19 pandemic.
Under the Contribution Penalty Condonation Program also called PRRP 2, employers will be able to pay overdue SSS contributions free of penalties in full or installment for a period of four to 24 months depending on the total amount of delinquency.
“PRRP 2 and 3 are about employers. Yung mga nagka-delinquent accounts during the pandemic we gave them a chance to settle their accounts through PRRP 2, yun yung with condonation for employers and PRRP 3 for the extended payment,” said Greta Quayle, information officer of SSS-Davao.
The Enhanced Installment Payment Program or PRRP 3 allows qualified employers to pay their past due SSS employees contributions and compensation in installments for a period of nine months to 60 months depending on the total amount of delinquency.
“The PRRP programs of the SSS is still ongoing especially for employers. We would like to announce that we are still accepting applications for the PRRP 2 and 3. I hope the employers can personally see their account officers to know the mechanics of both programs,” Quayle said.
Meanwhile, the PRRP 1 was implemented in 2020 wherein SSS gave relief to its members so they can pay their June 2020 to October 2020 contribution until December 2020. The employers have no penalty that time and had the chance to pay their contribution.
“Ang PRRP 4 is something to do with a housing loan. Nagbibigay tayo ng condonation program. In fact, malapit na rin ang deadline and it was supposed to end on February 21, 2022, so SSS commission extended it to May 21, 2022,” Quayle explained.
PRRP4 or Housing Loan Restructuring and Penalty Condonation Program allows qualified SSS housing loan borrowers, successors-in-interest, and legal heirs may pay the outstanding principal, interests, insurance dues and legal expenses of their SSS housing loans in full within 90 calendar days from the receipt of the notice of approval of the application or pay 50% within 90 days from the receipt of notice of approval and pay the remaining 50% in 12 equal monthly installments.
“Parehas din sa ating PRRP 5 for short term loans supposedly nag-end na tayo nung Valentines Day and was extended until May 14, 2022 to give chance to other members na hindi naka apply,” Quayle said.
