Adopting the Penalties for Failure to Remit SSS and GSIS Contributions as Provided under RA No. 11199 and RA No. 8291

June 27, 2019ECC BOARD RESOLUTION NO. 19-06-21ADOPTING THE PENALTIES FOR FAILURE TO REMIT SSS AND GSIS CONTRIBUTIONS AS PROVIDED UNDER REPUBLIC ACT (RA) NO. 11199 AND REPUBLIC ACT NO. 8291 AMENDING FOR THIS PURPOSE RULE V, SEC. 3 (4) OF THE AMENDED RULES ON EMPLOYEES' COMPENSATIONExcerpts from the Minutes of the Third (3rd) Regular Commission Meeting Employees' Compensation Commission Series of 2019, Convened at ECC Board Room, 5th Floor, ECC Building, 355 Sen. Gil Puyat Ave., Makati City, Thursday, 27 June 2019 at 12:00 N.N.WHEREAS, Article 207 [213] paragraph (a) of P.D. No. 626, as amended, partly provides:"(a) The penal provision of Republic Act numbered eleven hundred sixty-one, as amended, and Commonwealth Act numbered one-hundred eighty-six, as amended, with regard to the funds as are thereunder being paid to, collected or disbursed by the System, shall be applicable to collection, administration and disbursement of the Funds under this Title. . ." (emphasis supplied)WHEREAS, Section 21 paragraph (a) of Republic Act (R.A.) No. 1161 ("Social Security Law of 1954") partly provides:"SEC. 21. Collection and payment of...