UPDATESCompounded Computation Of Interests And/Or Surcharges On Delayed Employer Remittances March 22, 2017March 22, 2017 phicnagacolsec Employers in the Formal Sector,Circular No. 2016-034 is in effect starting January 2017. Avoid late payment. Remit your contribution on or before the deadline. For schedule of payment, refer to Circular No. 1, s2014.