Section 1
SECTION 1. Section 12 of P.D. No. 1636 is hereby amended to read as follows: "Section 12. Section 18 and Section 18-A of Republic Act No. 1161 are hereby combined and amended to read as follows: 'Sec. 18. Employee's contribution—(a) Beginning as of the last day of the calendar month when an employee's compulsory coverage takes effect and every month thereafter during his employment, the employer shall deduct and withhold from such employee's monthly salary, wage, compensation of earnings, the employee's contribution in an amount corresponding to his salary, wage, compensation, or earnings during the month in accordance with the following schedule effective on January 1, 1980: Salary Bracket Number Range of Compensation Monthly Salary Credit Monthly Contributions Employer Employees Total I 1-49.99 P 25 P 1.70 P 0.40 P 2.10 II 50-99.99 75 4.30 2.00 6.30 III 100-149.99 125 6.40 4.10 10.50 IV 150-199.99 175 9.00 5.70 14.70 V 200-249-99 225 11.40 7.50 18.90 VI 250-349.99 300 15.20 10.00 25.20 VII 350-499.99 425 21.60 14.10 35.70 VIII 500-699.99 600 30.40 20.00 50.40 IX 700-899.99 800 40.50 26.70 67.20 X 900—over 1000 50.70 33.30 84.00 'The maximum covered earnings or compensation of all SSS members shall be limited to P1,000 per month as provided in the foregoing schedule unless otherwise provided for by the Social Security Commission through rules and regulations taking into consideration actuarial calculations and rate of benefits. '(b) Every employer shall issue a receipt for all contributions deducted from the employee's compensation or shall indicate such deductions on the employee's pay envelopes.' "