Picture this scenario—it’s hot, the sun is beating down as you head out to the nearest Social Security System (SSS) branch to ... with contributions, salary loan payment requires the use ...

MANILA, Philippines — State-run Social Security System (SSS) is now requiring its members to use its online facility to apply for salary ... in the payment of contribution and loan remittances.

If employed, the employer must be updated in the payment ... for a salary loan, an employed member goes through his or her employer either by filling out a form or through the SSS online facility ...

CEBU, Philippines — The Social Security System reminds its members who wish to avail of salary loan ... SSS. In addition, the employer of an employed member-borrower must be updated in the ...

Salary loans depend on the monthly pay of employees. A calamity loan is given to employees who live in a place officially declared a calamity area as a result of earthquakes and floods or other ...

Under the plan, the SSS intends to do away with the practice of disbursing loans and benefits by issuing checks, and adopt an electronic payment system through the use of electronic cash cards.

for salary, calamity, emergency, and restructured loan payment transactions began on July 1, covering the billing month of June. SSS president and CEO Aurora Ignacio said the use of PRNs for loans was ...

The Social Security System (SSS) is planning to cut within the year the interest rate on salary and calamity loans, according ... year to ensure the continuous payment of their monthly benefits.

“Salary loan has a corresponding interest rate of 10% per annum based on the diminishing principal balance and shall be paid over 24 months or equivalent to two years. In case the borrower fails to ...