THE Social Security System (SSS) said it started collecting service fees on Monday for both over-the-counter (OTC) and online transactions.
According to a circular dated April 26, the SSS said it now charges a maximum of P10 for every OTC transaction and P8 for online transactions.
The charges exclude fees for payments made via credit, debit, and prepaid cards, which charge market-based rates.
SSS said that the fees apply to self-employed and voluntary members, employed members, overseas Filipino workers, farmers and fishermen, non-working spouses, and transactions involving the workers investment and savings program.
The circular was approved by SSS President and Chief Executive Officer Rolando L. Macasaet under Resolution No. 140-s. 2023 dated March 29. — Aaron Michael C. Sy