A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Presidential Decrees :
under Article II Sec. 7 of the Constitution of the Philippines, it
is the declared policy of the State to "establish, maintain and ensure
adequate social services in the field of . . . social security to
guarantee the enjoyment by the people of a decent standard of living";
WHEREAS, under Sec. 2 of the Social Security Law, it is the declared policy of the Republic of the Philippines to "establish, develop, promote and perfect a sound and viable tax-exempt social security service suitable to the needs of the people throughout the Philippines. . with a view to promote their well-being in the spirit of social justice";
WHEREAS, in view of the increased membership and judicious management of funds by the Social Security System, it is now again feasible for the SSS to further increase benefits to cushion the rising cost of living of its members in the light of changing economic conditions;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree:
Unless otherwise specified herein, all provisions of the SS Law applicable to cover employees shall also be applicable to the covered self-employed persons."
The average monthly salary credit multiplied by the replacement ratio; and
One and a half percent of the average monthly salary credit for each credited year of service in excess of ten years.
COMPLETE AND PERMANENT
Net earnings as understood under this section shall be the net income from his business or profession as reflected in the income tax return for the immediately preceding year, excluding rental incomes, dividend, interest investments and the like or all types of incomes which are not derived from his business registered with the SSS or from the practice of his profession.
The average monthly net earnings declared by the self-employed member at the time of his registration shall remain the basis of his monthly salary credit, unless he makes, at the start of the year, another declaration of his average monthly net earnings based on his income tax returns for the immediately preceding year, in which case such latest declaration become the new basis of his monthly salary credit."
The right to institute the necessary action against the employer may be commenced within twenty (20) years from the time the delinquency is known or the assessment is made by the SSS, or from the time the benefit accrues, as the case may be."
The penalty of three percent per month for late payments provided for in paragraph (a) of Sec. 22 of this Act and the manner of collection of contributions specified in paragraphs (b), (c) and (d) of Sec. 22 of this Act are also applicable to the collection of penalties and contributions of the covered self-employed."
"Sec. 28. Penal Clause. —
Done in the City of Manila, this 7th day of September, in the year of Our Lord, nineteen hundred and seventy-nine.
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