MANILA, Philippines — Private-sector members and pensioners of the Social Security System (SSS) in the six regions devastated by typhoon “Odette” last week can avail of loan assistance
In a circular published last Saturday, SSS president and chief executive Aurora Cruz-Ignacio said the state-run pension fund will start accepting applications for the three types of assistance to be extended to those affected by “Odette” on Jan. 14 of next year.
The direct house repair and improvement loan, meanwhile, will be offered for a one-year period, or until Jan. 13, 2023. The calamity loan amount will be equivalent to one monthly salary credit or the amount applied for, whichever was lower. The loan will be slapped with an interest rate of 10 percent per annum, payable within two years in 24 monthly installments.
“SS and EC pensioners who have availed advance pension for previous calamities and whose pensions are still suspended may avail of the three-month advance pension for typhoon ‘Odette,’ provided that the advance pension will not exceed three months at any time,” the SSS circular read.
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