COA flags SSS for P93.747B in uncollected employer premiums

The Commission on Audit (COA) has flagged the Social Security System (SSS) for its inefficiency in collecting P93.747 billion worth of premium contributions from delinquent employers in 2023.

State auditors found that SSS collected only 4.89% or P4.581 billion, leaving at least P89.166 billion uncollected from 420,767 employers.

COA highlighted the impact this has on SSS's financial health and ability to collect delinquent accounts efficiently, noting that only a small percentage of employers availed themselves of the installment payment scheme despite its availability.

Of the total cases, 59.36% or P3.024 billion in delinquent accounts have been pending for five years or more since their filing.

SSS management responded by listing ongoing efforts to improve collection efficiency and intensify collections efforts while monitoring pending cases.