The Social Security System (SSS) started this Thursday to offer its financial assistance program for members and pensioners affected by the devastation of typhoon Paeng.
In a statement, the SSS said that such a program will begin today, November 17, and will last until February 16, 2023.
SSS president and CEO Michael Regino said the SSS Calamity Assistance Package consists of a Calamity Loan Assistance Program (CLAP) for its members and Three-Month Advance Pension for SSS and Employees’ Compensation (EC) pensioners.
“We, at SSS, are always ready to assist our members and pensioners in the typhoon-stricken areas. We want to assure them that even during times of calamities, they can rely on the financial assistance from SSS,” said Regino.
According to the official, SSS members and pensioners in areas declared under a state of calamity due to Paeng by the National Disaster Risk Reduction and Management Council (NDRRMC) or by the Sangguniang Bayan, Panlungsod, or Panlalawigan, can receive financial assistance.
The provinces under the state of calamity are Cavite, Laguna, Batangas, Rizal, Quezon, Albay, Camarines Norte, Camarines Sur, Sorsogon, Catanduanes, Masbate, Aklan, Antique, Capiz, Guimaras, Iloilo, Negros Occidental, Basilan, Lanao del Sur, Tawi-Tawi, Sulu, Maguindanao del Norte, and Maguindanao del Sur.
SSS gives financial assistance to members affected by Paeng
In Cagayan, the towns under a state of calamity include Amulung, Enrile, and Tuguegarao.
While in Marinduque are the areas of Mogpog, Santa Cruz, and Buenavista, and in Cotabato, these are the towns of Pigcawayan, Libungan, and Midsayap.
Other areas that have also been declared in a state of calamity are Muntinlupa City, Calbayog in Samar, Sirawai in Zamboanga del Norte, and Zamboanga City in Zamboanga del Sur.
Under CLAP, qualified members in Paeng-affected areas can borrow the equivalent of their one-month salary credit or up to P20,000.
The calamity loan will be repaid in two years or 24 monthly installments with an annual interest rate of 10%.
SSS will also provide financial assistance to SSS and EC pensioners in typhoon-hit areas.
“Pensioners may avail of the Three-Month Advance Pension wherein SSS pensioners will be given three months advance of their total monthly pension,” said Regino.
“We want to help our members and pensioners during these difficult times. We hope that the financial aid that we extended to them will be of big help to rebuild their lives,” he added.