SOCIAL Security System (SSS) President and Chief Executive Officer Michael Regino reminded delinquent employers that the deadline for application for its Pandemic Relief and Restructuring Program 2 (PRRP 2), a social security contribution penalty condonation program for business and household employers, will be on May 19, 2022.
"We encourage qualified employers to avail of the PRRP 2 early so that they can avoid the inconveniences of last-minute filing and face the risk of missing the opportunity," Regino said. "This will not only enable delinquent employers to regain their good standing with the SSS but will also prevent the further accrual of penalties on their past due social security contributions. It will also help their employees avail benefits and loans," he added.
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