SSS Offers Bagyong Glenda Victims with Salary Loans & House Repair Loans

The Social Security System announced that they are offering the victims of Bagyong Glenda for a chance to renew their salary loans and house repair loans or advance their pensions to be able to pay for basic necessities following the disaster.

According to the official statement issued by SSS, the state-run pension fund noted that the calamity relief package is available to SSS members in areas declared under state of calamity by the National Disaster Risk Reduction and Management Council (NDRRMC).

SSS Pensions

The following areas are included in the List of Areas Under State of Calamity as of July 18, 2014:

  • Albay
  • Camarines Sur
  • Samar
  • Laguna
  • Naga City
  • Obando, Bulacan

In an official statement released by SSS, Vice President May Catherine Ciriaco was quoted as saying “This relief assistance was set up to help our members in urgent need of funds during these times. They can use their loan proceeds and advance pensions for food, safety water, and medicines, and to pay for other expenses resulting from the damages caused by Typhoon Glenda.” SSS Vice President May Catherine Ciriaco said.

The SSS Calamity Relief Package includes the Salary Loan Early Renewal Program (SLERP), enables existing borrowers in affected areas to renew their salary loans ahead of the prescribed period under the regular loan guidelines. SSS members with sanctions on loan renewal due to their availment of the SSS Loan Penalty Condonation Program are also allowed to apply for SLERP, provided that they live or work in a declared calamity area.

Aside from the assistance package, all qualified SSS pensioners with will have an option to get in advance their three-month’s worth of pension. The SSS officials also noted that the regular release of pension will automatically resume right after the three-month period covered by the advance payments.

The SSS also reduced the interest rates for the SSS Direct House Repair and Improvement and Improvement Loan to six-percent per annum, noting that the service fee is waived to further help the members who need to rebuild their homes.

According to the latest announcement by SSS, the deadline of submission of application under the SSS calamity relief package is on October 31, 2014, except for the Direct House Repair and Improvement Loan, which is up to one year from issuance of its SS Circular.

The applications forms are available at SSS Branches or may be downloaded from the SSS website (www.sss.gov.ph).

8 thoughts on “SSS Offers Bagyong Glenda Victims with Salary Loans & House Repair Loans”

  1. Please provide list of requirement of easier application. Why Cavite does not included in provinces declared under state of calamit? Our Governor is the earliest to declare it.

    Reply
  2. Why Batangas is not included too??? mas grabe dinanas namin ngayon than ondoy, non state of calamity ang Batangas. Mas madaming nasira at naapektuhan ngayon sa Batangas..

    Reply
  3. bkit hindi kasama ang cavite? bakit wala sumagot sa tanong ng mga tao kung hindi included give an answer para alam ng mga tao na di kasama sa list.
    kahit nag declare ang governador ng cavite.

    Reply
  4. God day all bkit nmn poh dto s laguna hnd pa natangap ng calamity loan last week ngpunta aq sa sss ang sbe wala pa dw calamity load bkit gnun???

    Reply

Leave a Comment