HB 6350

An Act Amending Certain Provision of Republic Act No. 8282, Otherwise Known as \"An Act Further Strengthening the Social Security System Thereby Amending for This Purpose Republic Act No. 1161, as Amended, Otherwise Known as the Social Security Law\" by Lowering the Monthly Rate of Penalty Imposed to Employers on Delayed Remittance of Contribution from Three Percent (3%) Per Month to One-Half Percent (1/2%) Per Month or Six Percent (6%) Per Annum