Section 22December 14, 1980, Sec./Art. 22

Remittance of Contributions. Is shall be the duty of every employer to set aside and remit the contributions required under this Act through the Social Security System and Government Service Insurance System or in accordance with a mechanism determined by the Board of Trustees, as may be approved by the President of the Philippines. Every employer required to set aside and remit such contributions as prescribed shall be liable for their payment, and non- payment shall further subject the employer to penalty of three per cent per month of the amounts payable from the date the contributions fall due until paid.