DID you know that if you are a self-employed or voluntary member, household employer and overseas Filipino worker, there is a more convenient way for you to remit your contributions to the Social Security System (SSS)? Called the automatic-debit arrangement (ADA), all you need to do to enroll under ADA is to open an account—savings or current—in any of the banks participating under the program, and make sure to maintain a deposit that will be sufficient to cover the amount needed to pay for your SSS contributions and/or loan amortizations.
By enrolling in ADA, you are effectively authorizing the bank to debit from your account your contributions or loan amortizations, and remit these amounts to the SSS, in accordance with your instructions in the enrollment form. The enrollment form shall be approved by the SSS as to the amount of monthly contribution and/or loan amortization to be debited.
If your enrollment is approved by both the SSS and the bank during the first day to the 20th day of the month, the effectivity of the automatic-debit scheme will be on the same month. If the enrollment to ADA is approved on the 21st day onward, the effectivity of the payment scheme will be in the succeeding month. In any case, the SSS will inform you when the automatic deductions from your bank account will begin.
If you wish to make any changes to the amount you are paying, just fill-out the ADA amendment form, which is available at the bank or the nearest SSS office. You may also download the form from the SSS web site at www.sss.gov.ph.
You can request a certificate of payment from your bank for your own record. In case of discrepancies between the amount advised and the amount debited per SSS record, or any complaint arising from ADA, proceed to the nearest SSS office.
The ADA participating banks include Bank of the Philippine Islands, Banco de Oro, Development Bank of the Philippines, Metropolitan Bank and Trust Co., Philippine National Bank, Philippine Savings Bank and United Coconut Planters Bank.
By joining the ADA payment scheme, you not only save time, money and effort—your payments get posted faster, too! You don’t need to go to the bank every month and queue up to make your payments and, subsequently, submit a report to SSS regarding these payments. With ADA, your bank takes care of reporting your payments to the SSS.
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For more information about the SSS and its programs, call our 24-hour call center at (632) 920-6446 to 55, Monday to Friday, or send an e-mail to member_relations@sss.gov.ph.
Susie G. Bugante is the vice president for public affairs and special events of the Social Security System. Send comments about this column to susiebugante.bmirror@gmail.com.
1 comment
I am an OFW, before i left for middle east around five years ago i went to my bank (one of those listed above) to enrol for this Automatic Debit scheme unfortunately tellers at the bank are not aware of this and advised me to see the SSS, at SSS i was advised to see the bank first. I was tossed back and fort until i gave up on the idea.. I hope this is not the case anymore, that the banks concerned are more aware and willing to help implement the program.