SSS Condonation Law

The Manila Bulletin reported this:

President Arroyo on Thursday signed into law here a measure that would condone 100 percent of the penalties imposed by the Social Security System (SSS) against employers for their unpaid contributions.

In a simple ceremony at theSouthville 7 Housing Project Site 1 in Barangay Dayap in this town, Mrs. Arroyo signed Republic Act 9903 or the SSS Condonation Law that would give a one-time authority to SSS to fully condone the penalties slapped on unpaid employers' remittances.

The law is a consolidation of House Bill No. 5922 and Senate Bill No. 2454 passed by Congress on October 9.

The President signed the law shortly after she led the turnover of the deed of donation and acceptance for 37 school buildings constructed for Southville and Northville relocation sites between the National Housing Authority (NHA) and the Department of Education (DepEd).

Mrs. Arroyo said with the signing of the Act, the government seeks to collect P5 billion in unremitted principals from small and medium enterprises that have incurred penalties due to their failure to remit employers’ contributions to the private sector pension fund.

Di ko maunawan bakit kailangang magkaroon ng condonation. Ito ba ay ginawa upang bigyan ng laya ang mga employeer na hindi nag reremit ng contribution of their employees?