San Fernando, Pampanga―Pensioners of the state-run social insurance program, specially those who were affected by calamities, can now avail of loans for their early recovery and start anew.
Those regular pensioners whose areas were declared under the state of calamity areas after Typhoon “Ompong” can now inquire with the Social Security System office in their localities.
In Tarlac, the state-run social insurance is now entertaining applicants for the affected pensioners including overseas Filipino workers in the 17 municipalities and one component city.
Giancaria Uy, SSS branch service representative in the province, said they started lending to members under the Calamity Loan Assistance Program.
The processing of the loan started last month and will end January 2019 to accommodate all qualified pensioners.
Uy said the loans include advance three months pension, house repairs and improvement for the members who are residing in the areas declared under the state of calamity.
Under the program, Uy said those members who can avail of the loan up to P16,000 are those members paying their contribution based in the maximum monthly salary credit.
The loan is payable within two years in 24 equal monthly installments with an interest rate of 10 percent per annum and one percent of the monthly penalty for late payment.
Qualified applicants are required to submit two valid IDs together with the completed application form and a barangay certification that he or she lives in the declared calamity area.
For the OFWs, their representatives must be given the letter of authorization that they are living in the affected calamity areas.
Pensioners who are still paying their previous calamity loan or balance under the same program and those who had final benefit claim for disability and retirement are not qualified.