This will allow them to avail of salary and housing loans, or get in
advance their three-months worth of pensions, SSS Vice President and
Officer in Charge for Lending and Asset Management Division May
Catherine C. Ciriaco said.
Only active members and regular pensioners living or working in areas
that had been declared as under a state of calamity by the National
Disaster Risk Reduction and Management Council (NDRRMC) can apply under
the program. These areas at present include San Pablo City, Laguna;
Batangas; Albay; Camarines Sur; Catanduanes; Masbate; Naga City;
Sorsogon City; municipalities of Juban, Gubat, Magallanes in Sorsogon;
Northern Samar and Eastern Samar.
"SSS
members who are facing short-term cash needs can apply for salary loans
with waived service fee. If they have existing loans, they can renew it
under the Salary Loan Early Renewal Program as long as they are
eligible in terms of contributions based on our regular loan guidelines
," Ciriaco said.
In addition, borrowers who availed of the penalty condonation program can apply in SLERP.
"The loans will be charged the existing rate of 10 percent annually
until fully paid. It is payable for two years and will incur a penalty
of one percent per month if not paid on due date," Ciriaco explained.
The calamity assistance also extends to pensioners who can avail in
advance their pensions for three months. A barangay certificate is
needed to attest their residency in a declared calamity area except for
those whose address in the SSS database is among those in the NDRRMC
list.
"Members whose houses were damaged by the typhoon can get cash funds
from our SSS House Repair and Direct Improvement Loan under this
program, which is only offered at six percent per annum, a three-percent
decrease from the existing rate," Ciriaco said.
SSS members have until March 31, 2015 to apply in the program except for
the House Repair and Direct Improvement Loan, which is up to one year
from the issuance of the SSS Circular.
Payments will be issued in checks that can be picked up at the branch
where the member filed his application. Unclaimed checks within the
holding period of 10 days will be mailed to the member.
The SSS calamity relief assistance program was first opened in 2013 to
help members affected by Typhoon Maring or ?Habagat.? It has since
helped more than 92,000 members recover - including those affected by
the Zamboanga armed conflict, Bohol Earthquake, Typhoons Santi, Yolanda,
Agaton in 2013; and Typhoons Glenda and Mario in 2014 - who in total
received P1.72 billion in salary loans under SLERP.
The SSS has also advanced more than P332 million in pensions to more
than 21,000 pensioners affected by the said calamities. (SSS)
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