The Social Security System said it is offering a calamity relief package for members and pensioners affected by the 7.2 magnitude earthquake, particularly in Bohol and Cebu that have been declared in states of calamity, its press release said.
SSS vice president May Catherine Ciriaco, officer-in-charge for Lending and Asset Management Division, said a three-part relief package for earthquake victims was approved, and these are the early renewal of salary loans, relaxed loan terms for home repairs, and advanced release of three months' worth of pensions, the press release also said.
Application for the salary loan early renewal will be accepted until November 29, and the program allows calamity-stricken members, who had earlier availed themselves of the loan penalty condonation, to renew the loan. SSS will waive the one-percent service fee under the SLERP program so that members can get higher loan proceeds.
Pensioners for retirement, disability and survivorship residing in declared calamity areas can apply for the advanced release of the three-month pensions by submitting on or before November 29 an application form, with a certification of their residence in the declared calamity area, from their barangay, the press release also said.
The SSS also relaxed its terms for the house repair and improvement loan program, and the deadline of application will be one year after the issuance of the circular to give members enough time to prepare the required documents.
To qualify, a member must be below 60 years old and has paid 24 monthly contributions. The regular application fee of P3,000 will be waived by the agency, the press release added.*
back to top