What if an individual already has a house, is working but mandatorily covered, can he/ she be excused from the coverage?
No, the law requires that all employees covered by SSS and GSIS with a monthly compensation P4,000.00 and above is mandatorily covered, thus, should be covered (deducted by the employer and must be registered/ remitted by the same- until separation). The housing program is optional but the savings programs is mandatory.
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