Condonation of Penalty
- Employers with delinquent or unremitted SSS contributions, including those with pending cases, may remit contributions or submit installment payment proposals within six months from the Act's effectivity.
- Employers must submit corresponding collection lists with remittance or payment proposals.
- Upon full payment or installment approval and compliance, pending cases against the employer are withdrawn.
- Cases may be refilled if the employer defaults or fails to remit contributions in full.
Installment Proposal
- Employers opting for installment payments must submit a downpayment of at least 5% of total delinquent contributions.
- Balance payable in equal monthly installments not exceeding 48 months from approval date.
- Installment payments carry an interest of 3% per annum.
- Approval and implementation subject to rules set by the Social Security Commission.
Effectivity of Condonation
- Penalties under Section 22(a) of Republic Act No. 8282 are condoned upon full remittance of delinquent contributions.
- If employer fails to comply within availment period, penalties are reimposed retroactively from the time contributions were due and will accrue until full payment.
- Employers who settled arrears before this Act's effectivity are also granted waiver of accrued penalties for equity.
Implementing Rules and Regulations
- The Social Security Commission must issue implementing rules within 30 days of the Act's effectivity to ensure effective enforcement.
Separability Clause
- If any provision is declared unconstitutional, other provisions remain valid and effective.
Repealing Clause
- All inconsistent laws, rules, decrees, orders or issuances conflicting with this Act are repealed or modified accordingly.
Effectivity
- The Act takes effect 15 days after its publication in the Official Gazette or in at least two newspapers of general circulation.