Back

Victorias Milling Company, Inc. vs. Social Security Commission (SSC) 114 Phil. 555

VICTORIAS MILLING COMPANY, INC., petitioner-appellant, vs. SOCIAL SECURITY COMMISSION, respondent-appellee.

G.R. No. L-16704 | 1962-03-17

D E C I S I O N

BARRERA, J.:

On October 15, 1958, the Social Security Commission issued its Circular No. 22 of the following tenor.

 
"Effective November 1, 1958, all Employers in computing the premiums due the System, will take into consideration and include in the Employee's remuneration all bonuses and overtime pay, as well as the cash value of other media of remuneration. All these will comprise the Employee's remuneration or earnings, upon which the 3-1/2% and 2- 1/2% contributions will be based, up to a maximum of P500 for any one month."
Upon receipt of a copy thereof, petitioner Victorias Milling Company, Inc.,...