DO you know that you can enjoy the convenience of paying your social-security contributions and loan amortizations without having to go to the bank every month? All you need to do is enroll your savings or current account in the automatic-debit arrangement (ADA) program that authorizes the bank to deduct your payments from your account and remit them to the Social Security System (SSS).
With this program, you save time, money and effort. Also, your payments are immediately posted. You no longer have to go to the bank or the SSS every month, fill out so many forms and queue for hours. If you are a voluntarily paying member, self-employed, household employer, overseas Filipino worker, employed member with loans, or separated from employment; and have a current or savings account with any of the banks participating in this program, you are qualified to join.
Simply fill out the ADA enrollment form, which is available at the participating bank where you have an account or at the nearest SSS office. Submit the filled-out form to your depository/participating bank or the SSS office for verification and processing. The SSS will then inform you when the automatic deductions from your bank account will begin. You just have to make sure that you have enough deposit to cover the amount of the payment you are making (for contributions or loan amortizations).
If you wish to make changes to the amount you are paying, due, for example, to the registration or resignation of househelps or the inclusion of newly availed loans, just fill out the ADA amendment form, which is also available at the participating bank or SSS office. You can request a certificate of payment from your bank for your own records. In case of a discrepancy between the amount advised and the amount debited per SSS record, or any complaint arising from the ADA, proceed to the nearest SSS office.
The universal/commercial banks participating in the ADA payment scheme are the Bank of the Philippine Islands, Banco de Oro Unibank Inc., Development Bank of the Philippines, Metropolitan Bank and Trust Co., Philippine National Bank, Philippine Savings Bank and the United Coconut Planters Bank.
For more information about how you can enroll your bank account in the automatic-debit arrangement program, call our 24-hour call center at (632) 920-6446 to 55, Monday to Friday, or e-mail email@example.com. The agency’s website is currently unavailable because it is being upgraded.
Susie G. Bugante is the vice president for public affairs and special events of the Social Security System. Send comments about this column to firstname.lastname@example.org.