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PRESIDENTIAL DECREE NO. 1806
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PRESIDENTIAL DECREE NO. 1806 -
AMENDING Section 12 OF PRESIDENTIAL DECREE NO. 1636 WHICH AMENDED
REPUBLIC ACT NO. 1161, OTHERWISE KNOWN AS THE SOCIAL SECURITY LAW
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chanroblesvirtualawlibrary
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; chanroblesvirtualawlibrary
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 inadvertently 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: chanroblesvirtualawlibrary
Section 1. Section 12 of P. D. No. 1636 is hereby
amended to read as follows:cralaw:red
"Sec. 12. Section 18 and Section 18-A of Republic Act
No. 1161 are hereby combined and amended to read as follows:cralaw:red
"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, 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: chanroblesvirtualawlibrary
Salary Monthly Monthly
Contributions
Bracket Range of Salary
Number Compensation
Credit Employer
Employees Total
I 1-
49.99 P25 P1.70
P0.40 P2.10
II 50-
99.99 75
1.30 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 25.90
VII 350-499.99
425 21.80
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 earning 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."
Section 2. Effectivity. — This Decree shall takes
effect immediately.
Done in the City of Manila,
this 16th day of January, in the year of Our Lord, nineteen hundred and
eighty-one.
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