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Severe Tropical Storm Kristine-affected members and pensioners can avail of SSS loan programs

                ****                            Severe Tropical Storm Kristine-affected members and pensioners can avail of SSS loan programs The Social Security System (SSS) today announced that members and pensioners affected by the onslaught of Severe Tropical Storm Kristine could immediately avail themselves of salary and pension loans for their monetary needs. “As part of our proactive response to…

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Severe Tropical Storm Kristine-affected members and pensioners can avail of SSS loan programs

The Social Security System (SSS) today announced that members and pensioners affected by the onslaught of Severe Tropical Storm Kristine could immediately avail themselves of salary and pension loans for their monetary needs.

“As part of our proactive response to the urgent financial needs of our members and pensioners during natural calamities, the SSS loan programs are readily available to support their recovery,” SSS Senior Vice President for Lending and Asset Management Group Pedro T. Baoy said.

To qualify for a one-month salary loan, employed, self-employed, and voluntary members must have 36 monthly contributions, six of which should be within the last 12 months before the month of the loan application. Meanwhile, members should have at least 72 posted contributions if they opt to avail themselves of a two-month salary loan.

“They must be under 65 years of age at the time of loan application and have not been granted any final benefit like total disability, retirement, or death benefits,” Baoy said.

He reiterated that individually paying members must have at least six posted contributions under their current membership type before the month of the loan application.

“Employers’ compliance is crucial in these situations since their updated contribution and loan payments are essential for their employee’s loan eligibility,” Baoy added.

Qualified members can submit their salary loan application online via My.SSS Portal. Once approved, loan proceeds will be credited to the member’s registered Unified Multi-Purpose Identification (UMID)-ATM Card or active accounts with a Philippine Electronic Fund Transfer System and Operations Network (PESONet)-participating bank.

Members can pay the salary loan in two years through 24 equal monthly amortizations with an annual interest rate of 10 percent.

Meanwhile, retiree-pensioners can avail themselves of the SSS pension loan equivalent to three, six, nine, and 12 times their Basic Monthly Pension plus P1,000 additional benefit, but not exceeding the maximum P200,000. To qualify, the pensioner-borrower must:


Be 85 years of age or below at the end of the month of the loan repayment term;

Have no deductions from his/her monthly pension (such as for outstanding loan balance, benefit overpayment payable to SSS, and the like);

Have no existing advance pension under the SSS Calamity Assistance Package;

Be receiving his/her regular monthly pension for at least one month, and the status of pension is “active”;

Have updated contact information (cellular/mobile number, email, and mailing address).


“If retiree-pensioners availed of the 18 months advance pension, they must be receiving their regular monthly pension for at least one month,” Baoy noted.

Pension loan applications can be submitted online via My.SSS Portal (www.sss.gov.ph) or over the counter at the nearest SSS branch. Once approved, loan proceeds will be credited to the pensioner’s UMID-ATM Card or their active accounts with a PESONet-participating bank.

The loan amortization, inclusive of a 10 percent annual interest rate computed on a diminishing principal loan balance, shall be deducted from the monthly pension ensuring a Net Take Home Pension of at least 47.25 percent of the Basic Monthly Pension (BMP) plus the P1,000 additional benefit. The repayment terms are six, 12, or 24 months, depending on the loanable amount.

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🏥 PANHERO ANG TAMANG LANDAS DRUG REHABILITATION AND TREATMENT CENTER 🏥
DOH Accredited: 4A-003-2325-DR-2
📍 Sta. Rosa-Tagaytay Road, Brgy. Lumil, Silang, Cavite

At the Panhero Tamang Landas Rehabilitation Center, we are not just a rehabilitation center. In addition to prioritizing improvement and recovery, we also emphasize the value of education. We are now offering ALS and TESDA short courses for our patients to pursue, whether they are currently at the center or after completing their required stay for recovery.

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✅ Air-conditioned Facility
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✅ Clinic and Pharmacy
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✔️ Individual Counseling Sessions
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(Manage withdrawal symptoms and reduce cravings)
✔️ Medical Exams and Laboratories (Complete package)
A. Physical Examination
B. X-ray, ECG, VDRL etc.
C. Drug Test
D. Drug Dependency Exam
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✔️ Recreational Activities
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🏥 Mental Care Treatment with Licensed/Accredited Professionals
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🍿 Movie
👯 Zumba Session
🎹 Piano
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🎱 Billiard and Pool table
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💳 Credit cards
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CALL TO CONTACT
☎️ PLDT: (046) 889-8978
☎️ SMART: (0999) 990-9096
☎️ GLOBE: (0917) 539-8883

Start your recovery with us TODAY!

Changing Lives: Free Cleft Palate Services Offered by Pandemic Hero Foundation Inc.

As an organization that cares for the welfare of the people, we, Pandemic Hero Foundation Inc., are looking for people with cleft palate whom we will be helping with the help of our sponsored partners. This is a free service to offer for it is our heart that speaks from sharing our strong partnership with people and changing the way they live their lives – to what they deserve. This is not a business for personal gains, but more of reaching out and promoting a helping hand.

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Location: Purok Uno, Brgy. Lumil, Silang, Cavite.

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Contact #: 09171180238
October 2024
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