PRESIDENTIAL DECREE NO. 1806, January 16, 1981

[ PRESIDENTIAL DECREE NO. 1806, January 16, 1981 ]

AMENDING SECTION 12 OF PRESIDENTIAL DECREE NO. 1636 WHICH AMENDED REPUBLIC ACT NO. 1161, OTHERWISE KNOWN AS THE SOCIAL SECURITY LAW.

WHEREAS, in the preparation of P.D. 1636, a very important provision regarding the maximum coverage earning or compensation of all SSS members has been deleted;

WHEREAS, under the present decree, only the schedule of payment of monthly contributions appeared without mentioning the maximum salary from which said deductions should be charged; and

WHEREAS, the paragraph which has been in-advertently omitted will be beneficial to employees;

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 the amendment of Section 12 of P.D. No. 1636:

SECTION 1. Section 12 of P.D. No. 1636 is hereby amended to read as follows:

"Section 12. Section 18 and Section 18-A of Republic Act No. 1161 are hereby combined and amended to read as follows:

' Sec. 18. Employee's contribution —(a) Beginning as of the last day of the calendar month when an employee's compulsory coverage takes effect and every month thereafter during his employment, the employer shall deduct and withhold from such employee's monthly salary, wage, compensation of earnings, the employee's contribution in an amount corresponding to his salary, wage, compensation, or earnings during the month in accordance with the following schedule effective on January 1, 1980:

Salary Bracket Number

Range of Compensation

Monthly Salary Credit

Monthly Contributions

Employer

Employees

Total

I

1-49.99

P 25

P 1.70

P 0.40

P 2.10

II

50-99.99

75

4.30

2.00

6.30

III

100-149.99

125

6.40

4.10

10.50

IV

150-199.99

175

9.00

5.70

14.70

V

200-249-99

225

11.40

7.50

18.90

VI

250-349.99

300

15.20

10.00

25.20

VII

350-499.99

425

21.60

14.10

35.70

VIII

500-699.99

600

30.40

20.00

50.40

IX

700-899.99

800

40.50

26.70

67.20

X

900—over

1000

50.70

33.30

84.00

'The maximum covered earnings or compensation of all SSS members shall be limited to P1,000 per month as provided in the foregoing schedule unless otherwise provided for by the Social Security Commission through rules and regulations taking into consideration actuarial calculations and rate of benefits.

'(b) Every employer shall issue a receipt for all contributions deducted from the employee's compensation or shall indicate such deductions on the employee's pay envelopes.' "

SEC. 2. Effectivity. —This Decree shall take effect immediately.

Done in the City of Manila, this 16th day of January, in the year of Our Lord, nineteen hundred and eighty-one.

(Sgd.) FERDINAND E. MARCOS President of the Philippines

By the President:

(Sgd.) JUAN C. TUVERA

Presidential Executive Assistant

Vol. 25, Vital Documents, Presidential Decree 1980-1981