Mindanao posted positive growth in social security

Mindanao posted 16 percentgrowth for SSS benefit paymentsThe island of Mindanao posted double digit growth on benefit disbursements for Social Security System (SSS) members.SSS President and Chief Executive Officer Romulo L. Neri reported that it marked a 16 percent growth in 2008 on payment for all types of benefits.

Neri said from January to September 2008, SSS paid a total of P5.92 billion in benefits, 74 percent or P4.39 billion of which is for regular pensions. Their pension disbursements for the period were actually 20 percent more than the P3.67 billion they paid for the same nine-month period in 2007. Maternity benefits rose from P105.81 million to P176.36 million, or an increase of 12 percent Seven percent more or P853.49 million were paid for lump sum payments for retirement, death, disability, and P306.09 million or five percent more for funeral claims combined payments for sickness benefits and medical services increased by two percent to P188.97 million.

Neri meanwhile encourage members to pay their monthly premiums without fail so they would be eligible for SSS salary loans when they encounter financial emergencies.

He also urged members with delinquent loan accounts to avail of the amnesty program that ends on April 30 in which the SSS condoned the penalties.

In Davao City he said the total contribution collections in Southern Mindanao for 2008 amounted to P3.54 billion. This surpassed the P3.31 billion collection in 2007 by P227.45 million for a seven percent growth.

Meanwhile Davao branch head Manolito Tagalog attributed the increase to options they offer to both employers and employees.He said aside from loan condonation and amnesty program for workers, the employers with delinquent accounts were allowed to pay on installment or through "dacion en pago" where they pay in kind of real property for non payment of workers premium but subject for assessment of the SSS. He said the property among others must be accessible for easy disposal.

He said their delinquency rate from 80 percent had been decreased and in Davao City their delinquency account is only about P70 million.Tagalog also said they now have a good ratio of benefit disbursement against their collection where few years back their disbursement was more than their collection.

Davao City has 800 ,000 active members that covers more than half of Davao Region's combined active and inactive members of 1.5 million. SSS members for both active and inactive accounted to about 24 million.

Davao City sees new businesses for 2009

An increase in new businesses in Davao City is expected this year to about 10 percent higher than the total businesses registered last year.

Business bureau chief Atty. Johpee Agustin said they were able to served about 32,000 businesses in 2008 both for new registrants and renewal of business permits and they expect new businesses coming in.

She said they are optimistic of the business trend in the city even as she said that they will continue to come up with new strategies so Davao City would generate more revenues.

She noted that on the first week of January this year they already received 14,739 applications for renewal and about 170 for new registration.

On a daily basis she said they receive some 2,000 to 5,000 applications and inorder to fast track the issuance of permits they came up with a scheme where the applicants after complying basic requirements are given temporary authority to operate (TAO). But this will not apply to those businesses that needs detailed requirements like detailed permits, etc.

She said once the TAO is issued the investor can proceed and they still have to comply the other steps as required by other regulatory bodies.

She said the strategy enticed other busnesses to come to the city and with proper education and awareness they also noticed that businesses are religiously complying with the requirements compared to their previous years operation.

Meanwhile Agustin said that with their successful implementation of collecting occupational permit fee (OPF) where it gave Davao City some P6 million in revenues last year, they will be implementing the Special Mayor's Permit Fee (SMPF) this year.

The OPF in 2007 only had a collection of P3 million while P1.9 million in 2006, she said.

For the SMPF she said they will start to collect fees on all activities that will be conducted in the city.

She said this scheme is also provided in the Local Government Code and they will be implementing such inorder to make use of whatever is allowed by law for the benefit of the people of Davao City.

Meanwhile Davao City Treasurer Rodrigo Riola said their target income this year is pegged at P548 million and 60 percent of this will be taken from business taxes.

He said based on their experienced 60 percent of this collection will be realized by the first quarter of the year and of the fees the real property tax contributes about 60 percent of the total revenue generated.

He said most of the real property owners pay their taxes on the first quarter of the year because of the 20 percent discount.

Riola also said that Manila-based companies or those from other areas that operate businesses in Davao City are already paying their taxes here.

He said consultation and dialogue with these businesses made them understand that they need to share their income to Davao City considering that they engage business here. (Digna D. Banzon)