Happy New Year & Best Wishes Throughout 4th Happy New Year & Best Wishes Throughout 2012
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4rd Quarter 2011| Volume 8, Issue 4| Social Security Administration 1
Volume 8, Issue 4
Pursuing Excellence in Public Service
Happy New Year & Best Wishes Throughout 2012Happy New Year & Best Wishes Throughout 2012Happy New Year & Best Wishes Throughout 2012Happy New Year & Best Wishes Throughout 2012
SSA Website has New Look & Up- to-Date Info
In our efforts to provide more comprehensive information
and up-to-date news, we have launched a new website design, set with a new layout and updated information. There is comprehensive information regarding employer contributions, SS benefits, and the new Healthcare Fund
(HCF) program. You can also download documents, such as SS & HCF laws, regulations, and quarterly newsletters. Visit our website now at www.ropssa.org.
ALSO ONLINE: The HCF has developed a public survey that will help determine what can be done to improve and enhance the program and to see what additional services can be covered. Take the online HCF survey now
by visiting www.ropssa.org/hcf-survey.php. Your sugges- tions will be reviewed and used to support on-going im- provement efforts.
Back row, standing left to right: Hazel Tesei, Florah Tewid, Frolly Ann Bultedaob, Elsie Ann Ikeya, John Stills, Reagille Takataro, Shonya Kadoi-Andreas,
Maria Remeliik, Lasker T. Chin, Crystal Ngiraidong, Michele Murray, Charity Ngiraibai, Moira Azuma, Jessica Emesiochel, Analee Maidesil, Melinda Mills,
Dillusech Sadang, Hefflin Bai. Front Row, sitting left to right: John Markub, Marla Rimirch, Kekerelchad Kloulchad, Janice Mathew, Wilfred Asanuma,
Dessmarie Dilutaoch, Marcelino Xavier. Missing from photo: Jeany Spis, Sharon Golbuu, Denise Ajimine, Kumiko Kurihara, Irorou Mai, Prince Idelkei,
4rd Quarter 2011 | Volume 8, Issue 4| Social Security Administration 2
Questions from Members Two Additional Private Clinics
Begin Accepting MSAs What can I do now to increase the amount of my monthly benefit payment when I am finally eligible to apply for Social Security Retirement benefits?
The strategy is to continue to work to build up your
cumulative coverage earning base.
What does the cumulative coverage earning base do?
It is from the cumulative covered earnings base that
the basic monthly benefit is computed; therefore the bigger the cumulative covered earnings, the bigger the basic monthly benefit. You can build up your cu- mulative covered earnings only by returning to work
and report your wages and paying due taxes on said
What if I am currently collecting my retirement bene- fits?
The strategy works equally well for you. You can re- turn to work while receiving Social Security retirement
benefits; you just have to report your income to Social
What if I am under 65 years old and earning more that $1,800 in any quarter?
Your Social Security Retirement benefit will be sub-
jected to earnings test.
What if I am 65 years old or older?
Your additional contributions will have the net effect
of increasing your monthly benefit amount because all additional contributions are accounted for and
your benefit recomputed.
When will my benefit be recomputed?
Your benefit will be recomputed to reflect any addi- tional contributions after the end of the calendar
year, and the recomputed benefit amount shall be paid for each month following the end of that calen- dar year. If you are 65 years or older, you can keep working and your social security benefit will not be
reduced, no matter how much you earn.
The Healthcare Fund, under the
Social Security Administration, would like to inform the public that Community Wellness Clinic in Ngerchemai, owned by Dr. Sylvia Wallybegan accepting
medical savings accounts (MSAs) in De-
In early January 2012, OpticVision Opti- cal Clinic in Topside officially agreed to begin accepting MSAs as well. The antici-
pated start date for patients to begin us- ing their MSAs at the optical clinic is Janu-
ary 10, 2012.
That would bring the number of private
accepting MSAs to five: 1) Belau Medical Clinic, 2) Pacific Family Medical Supply, 3) MH Dental Clinic, and 4) Community Well- ness Clinic, and 5) OpticVision Optical
We would like to remind the public that pursuant to Section 406 of the Healthcare Fund Regulations, the amount paid out of a medical savings account for a covered
service at a private clinic shall not exceed the amount that would be paid to Belau
National Hospital for the same service.
This means that if a service that a private
clinic charges is more than what BNH would charge, then the private clinic pa- tient must pay the excess amount out-of- pocket. If the private clinic charges less
than what BNH would charge for that same service, then the patient can use his MSA to pay for that specific service with
no out-of-pocket expense.
If anyone has any questions regarding
the use of medical savings accounts,
please call the HCF office at 488-1904.
Have you Received your HCF Statement in the Mail?
The Social Security Administration, the agency administering the
Healthcare Fund (HCF) program, mailed out medical savings account
statements to over 10,000 members in early November 2011. The state-
ment, the very first since the inception of the healthcare program, was
designed to show all your contributions and all your withdrawals begin-
ning on October 1, 2010 until September 30, 2011 and, ultimately, to
See HCF Statements. Page 4
4rd Quarter 2011| Volume 8, Issue 4| Social Security Administration 3
4rd QUARTER 2011 STATISTICS
Reminder to Businesses without Employees
The Social Security Administration is reminding
all Employers with Sole Proprietorship/Partnership
status without employees, that they are required
to file their businesses’ annual income for 2011 no
later than January 31, 2012.
Please be reminded to bring along copies of
valid supporting documents, e.g., Gross Revenue
Tax Forms to support the declared business reve-
nues. If a business has no employees and is mak-
ing less than $10,000 in annual gross revenue, fil-
ing is a MUST but payment is optional. Those that
are making at least $10,000 a year are required
to file and pay accordingly.
4rd Quarter Returns Due
The Social Security Contribu-
tions for 4th Quarter 2011 is due
no later than January 31, 2012.
Quarterly Tax Returns must be
completed upon entrance for
payments. Should you need
assistance in completing your
Quarterly Tax Report Form, our
Representative at the front
area will be happy to assist you.
Be reminded that penalty charges of $250 or
100% of the total amount owed (SS Contribution
only), whichever is higher, and interest of 1% per
month, shall be assessed to returns received af-
ter the deadline. In addition, $1.00 error charge
shall be applied to each incorrect information
provided on the returns filed, specifically, EIN
number, Employee Name and Social Security
Number. Thus, you are encouraged to verify
your return, file and pay on a timely basis to
avoid additional charges.
REFUNDING SS CONTRIBUTIONS
with the SSA Op-
Section 603, an
contributes on a
tion in excess of
the maximum re-
$5,000, whether from one or more employers,
and their employee contributions are withheld
and paid to the Administration, the excess em-
ployee SS contributions during the four quarters
ending on December 31st will be refunded by the
Administration to the employee. However, no
refund will be made for an amount of less than
No refund shall be made to any employer on
any amount of excess issued to any employee
who owes outstanding employer or employee
social security debt; instead, the refund shall be
used to off-set any outstanding Social Security
Please note, if any of the four quarters is not
fully paid by February 28th, an employee may
lose his/her eligibility for refunds that may be
4rd Quarter 2011 | Volume 8, Issue 4| Social Security Administration 4
Republic of Palau Social Security Administration P.O. Box 679 Koror, Palau 96940
Tel: (680) 488–2457 Fax: (680) 488–1470
Visit us on the web: www.ropssa.org
YEARS OF SERVICE
November Elsie I. Marla R. Michele M.
December Jeany S. Melinda M. Kumiko K.
show you the available balance in your medical
savings account. The statement was also de-
signed to show you the names of your depend-