The Social Security System (SSS), being one of the government bodies, would oblige employees to pay monthly contributions for them to be eligible to gather up rewards and perks. Employees need not to worry about this because their employer would be the ones who will process it for them; it gets taken out automatically every payout. Voluntary members or members who are self-employed, however, need to pay their contributions manually. Although there are many ways on how people can pay their contributions, its posting time can vary depending on the day of when it got paid. Last year, the SSS implemented the SSS Real-Time Processing of Contributions (RPTC) in which people can see their contributions posted immediately.
What is the SSS Real-Time Processing of Contributions?
Based on its name, the RPTC is a process of the SSS in which monthly, quarterly, and semi-annually contributions of people and employees gets posted immediately. Meaning, it will be seen and tracked by the SSS system accordingly.
SSS Chief Executive Officer (CEO) and President Emmanuel F. Dooc said that the RPTC would allow faster processing time for the convenience of both the government body, employers, and employees. Ultimately, this will allow SSS members to get a hold of their benefits on time and on schedule. Moreover, these payments should be prompt in order for people to claim their benefits accordingly.
“For instance, to avail of a sickness benefit, a member must have at least three posted contributions in the last 12 months immediately before his semester of sickness or injury. If any of his required contributions is not posted, he cannot apply yet for a sickness benefit,” explained Dooc.
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