SSS calamity assistance to members start October 26

By October 25, 2015Business, News

THE Social Security Commission has approved the grant of a calamity relief package for SSS members and pensioners affected by Typhoon Lando for calamity areas declared by the National Disaster Risk Reduction and Management Council (NDRRMC).

SSS members and pensioners residing in areas to be declared by the NDRRMC under a state of calamity due to Typhoon Lando can avail themselves of the agency’s calamity relief package.

The SSS calamity relief package consists of the Salary Loan Early Renewal Program (SLERP) which allows members to renew their loans earlier than the prescribed date; the SSS Direct House Repair and Improvement Loan Program, which offers a lower interest rate of only six percent per annum; and three-month advance payment for members receiving pensions under SSS and Employees’ Compensation Program.

Qualified SSS members and pensioners have until December 31, 2015 to apply for loans and advance pensions while deadline of application for the Direct House Repair and Improvement Loan, is up to one year from issuance of its corresponding circular.

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