Typhoon Tisoy-hit members, pensioners can now avail of calamity loan – SSS
Robie de Guzman • December 27, 2019 • 1316
MANILA, Philippines – Members of the Social Security System (SSS) who were affected by typhoon Tisoy may now apply for the Calamity Assistance Package (CAP) loan.
SSS President and Chief Executive Officer Aurora Ignacio said members and pensioners in Southern Luzon and Visayas hit by Tisoy may now avail of the calamity loan, direct house repair and improvement loan as well the advanced three-month pension program.
She added that the CAP program, which has a total fund allocation of more than P614 million, covers members and pensioners residing in areas declared under state of calamity by the National Disaster Risk Reduction and Management Council.
These areas include Batangas City; Mabitac, Laguna; Provinces of Quezon, Cavite, Oriental Mindoro, Occidental Mindoro, Marinduque; Corcuera, Romblon and San Fernando in Romblon; and Province of Northern Samar.
“The CAP includes a loan assistance program which is a separate loan window from the regular salary loan,” Ignacio said in a statement Monday.
“Members can borrow up to P40,000 in calamity loan depending on their average last 12 monthly salary credit. The financial assistance is also open to pensioners who can avail three months advance of their monthly pension. Moreover, members can also apply for direct housing repair and improvement loan,” she added.
Loan application for Tisoy-hit SSS members is open from December 20, 2019 to March 19, 2020.
“Members who would like to avail of the Calamity Assistance Package are required to be registered in the My.SSS application to facilitate their billing requirements in the future,” Ignacio said.
The SSS Chief, however, clarified that members who still have outstanding loans under the Loan Restructuring Program (LRP) and previous CAPs, as well as those receiving pensions for total permanent disability and retirement, and those who have availed of the Pension Loan Program (PLP) are not qualified to avail of the calamity loan.
The SSS said the calamity loan is payable in two years in equal monthly installments with an annual interest rate of 10 percent and one percent monthly penalty for late payments.
To eliminate additional expenses on the part of member-borrowers, SSS waived the one percent service fee, it added.
Aside from the calamity loan, the SSS said that members with damaged properties can also avail of the direct house repair and improvement loan with six months moratorium in amortization and interest payments.
“Members can borrow up to a maximum of P1 million under this program which will run for one year or until 20 December 2020,” Ignacio said.
“To qualify, the applicant must not be more than 60 years old and with at least 24 monthly contributions, of which three contributions were remitted within the last 12-month period prior to the month of filing,” she added.
MANILA, Philippines – The Social Security System (SSS) is now accepting applications from members who wish to apply for loan under the COVID-19 Calamity Loan Assistance Program.
The agency said a member may loan up to P20,000 depending on his or her monthly salary credit in the past 12 months.
The SSS specified that to qualify, the applicant must have remitted his or her contributions in the past 36 months, with a local address in the Philippines and has no existing obligations with SSS particularly under the loan restructuring program or previous calamity loan programs.
However, those who already have received permanent disability and retirement benefits are not qualified to apply.
Once approved, members may claim the loaned amount through the Unified Multipurpose Identification card, the Union Bank of the Philippines Quick Card or in a form of check which will be sent to the applicant’s billing address.
Application runs until September 14, 2020.
This is SSS’ way of helping its members who are affected by the current coronavirus disease (COVID-19) pandemic which has impacted the country more than any other calamity in the past.
Out of consideration for its members, the SSS extended the loan payment period to 27 months and lowered the interest rate to 6% as compared to the 24 months-10% interest of the previous calamity loans.
The SSS said it can accommodate up to 1.74 million member-applicants for the calamity loan.
MANILA, Philippines — The Social Security System (SSS) is extending its contribution payment deadline to June 30 to accommodate more members who wish to settle their dues.
The deadline was supposed to be Monday (June 15).
Regular employers may proceed to remit their employees’ contribution covering the months of February, March and April.
Meanwhile, household employers, voluntary, self-employed and non-working spouse members may remit their pending contributions for the first quarter of 2020.
The SSS main office in Diliman, Quezon City expressed concern over the influx of members going to their branches which resulted in a breach of government-imposed health protocols such as physical distancing.
MANILA, Philippines – Members of the Social Security System (SSS) still have until Monday (June 15) to remit their pending contributions for the months of February, March, and April.
SSS Branch in Diliman, Quezon City can only accommodate up to 250 individuals in compliance with health protocols, specifically physical distancing measures being imposed by the government amid the prevailing risk of coronavirus disease (COVID-19) infection.
The agency seeks understanding from members as it only operates on limited manpower.
“Ang gusto po natin ma-minimize ang overcrowding sa ating mga SSS office, [We want to minimize overcrowding in SSS offices],” said SSS Media Affairs Team Head Cecil Mercado.
“Ang ating workforce ay hindi pa fully implemented so hati-hati kami ng schedule [Our workforce is not yet fully implemented so we divide our schedule],” she added.
Members have the option to process their transactions online.
But some still opted to go to SSS branches, such as in Diliman, because of specific concerns that cannot be processed online.
“Nag-try ako kaya lang dito ako pinapunta kasi dito na raw sa main (office) ang transakyon ng reklamo ko [I tried but I was directed here to transact my complaint],” Manuel Albarido said.
“Hindi raw kasi sila nag-generate ng mga lumang payment form na ganto so kailangan mo siyang i-direct, ima-manual mo [They do not generate an old payment form so I need to submit it directly and manually], ” noted another member, Carlo Mcdon.
“Hindi ako marunong mag-online [I don’t know how to do it online],” claimed Rosie Amparo.
Aside from remittance of contributions, SSS has also opened its services to those who wish to apply for pension and other benefits. —MNP (with reports from Rey Pelayo)
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