SSS Gave Loan Penalty Amnesty to Members

The 58,995 delinquent borrowers and members of the Social Security System of the Philippines or SSS, are given amnesty on loan penalties that totaled to 426.83 million Pesos.

Members who want to avail the loan penalties condoning program should register. The deadline of registration will be on September 30, 2012.

The loan penalty condoning program is open to members whose loan payments were unremitted by their employers (Situation 1-A) and borrowers with at least three paid amortizations and a minimum of three contributions within the six-month period prior to application for amnesty (Situation 2).

So, visit now the SSS office and register. Learn also if you are eligible for the 100 percent penalty condonation.

SSS 1.07 Billion Collection from OFW

 The Social Security System (SSS) collected P1.07 billion in contributions from overseas Filipino workers in the January to May period, a 13% jump from its P944.75 million collection during the same period last year.

In a statement, SSS president and chief executive officer Emilio de Quiros, Jr. said the growth in OFW contributions can be attributed to the agency's efforts to provide OFWs with easy access to their membership records and services, even while abroad.

"Recent SSS initiatives such as enhancing our range of website services, opening a 16-hour SSS call center, uploading instructional YouTube videos and starting an official SSS Facebook page to address member concerns were all created with OFWs in mind," he said.

SSS members can check their contributions, loans and benefits on the website (www.sss.gov.ph) or via the SSS call center (920-6446 to 55). They can also view SSS videos or contact SSS by looking up "Philippine Social Security System" at Facebook and YouTube.

source: ABS-CBN