TUGUEGARAO CITY, Cagayan, Feb. 17 (PIA) – Social Security System (SSS) members who were recently affected by supertyphoon Lawin in the Cagayan Valley region can still avail of the agency’s calamity loan, an official of the SSS branch here said.
Janet Canillas, SSS-Tuguegarao branch manager, said members can still apply up to March 15, 2017 provided that they were among the hardest hit areas during the onslaught of Lawin.
She, however, clarified that members who already availed of the SSS loan restructuring program (LPR) are no longer qualified to avail of the calamity loan.
“At least three years of contributions are required before a member can avail of the SSS loan packages,” Canillas said, adding that members must prepare all the requirements before applying for calamity loan to avoid going back over again.
She urged members to file their application at any SSS branch in the region and must bring their respective valid IDs.
Canillas added that they still extending the LRP for members with past due calamity loans and other short-term member loans who reside or work in calamity areas as declared by the National Disaster Risk Reduction and Management Council (NDRRMC) or the national government.
She said under the LRP, members can clean up their overdue loan principal and interest in full or by installment under a restructured term depending on their capacity.
The LRP, she added is in response to the widespread clamor from individuals and organizations to alleviate the burden of calamity-stricken workers, who face difficulties in paying their SSS loans after suffering from natural and man-made disasters that have devastated our country in recent years.
“The program gives delinquent member-borrowers a chance to regain their good SSS standing and enjoy SSS benefits and privileges in the future,” Canillas said. (ALM/GVB/PIA-2 Cagayan)