The Social Security System (SSS) signed a memorandum of agreement with the Board of Investments (BOI) under its KaSSSangga Collect Program, advocating the social security coverage of the latter’s Contract of Service (COS) and Job Order (JO) workers.
The agreement authorizes the BOI to serve as a Coverage and Collection Partner of the SSS, who shall collect and remit the monthly Social Security (SS) and Employees’ Compensation (EC) contributions of their COS, JO, and other individually paying SSS member-employees through a salary deduction scheme.
With this, their COS and JO employees will be classified as self-employed SSS members and will be able to qualify for the benefit and loan programs of the SSS through the continuous payment of their contributions.
“I am delighted to know that I can continue paying my contribution through this program of SSS,” BOI Vice Chairman and Managing Head and Undersecretary of Industry Development and Trade Policy of the Department of Trade and Industry (DTI) Dr. Ceferino S. Rodolfo said.
He added that he will personally endorse the KaSSSangga Collect Program to other agencies such as the National Development Company (NDC), DTI, Philippine International Trading Corporation (PITC) and Competitiveness and Innovation Group (CGI).
Meanwhile, SSS NCR South Division Acting Vice President Cristine Grace B. Francisco highlighted SSS’ efforts towards the achievement of its vision of universal coverage saying, “the SSS initiated various programs to reach last mile communities and gig economy and informal sector workers, including COS and JO workers of local government units and national government agencies.”
The MOA signing was also attended by SSS Makati-Gil Puyat’s Branch Head Hoechst R. Potato, Assistant Branch Head Shirley E. Navalta, Acting Assistant Head Jerome Arreola, Junior Analyst Marion Joyce Ragua; and BOI’s Financial Administrative Service (FAS) Acting Director Estela Jimenez, and Accounting Division Officer-in-Charge Anna Mascariñas.
The KaSSSangga Collect Program, previously known as the KaltaSSS Collect Program, is open to all government entities engaging the services of COS and JO workers, who are not covered under the Government Service Insurance System (GSIS). It aims to provide workers and their families access to the seven social security programs of the SSS such as sickness, maternity, unemployment, retirement, disability, death, and funeral; and its various loan programs. (UnliNews Online)
