In celebration of its 61st founding anniversary, state-run Social Security System on Monday launched the Pension Loan Program for the benefit of more than 1.3-million retiree pensioners.
SSS president and chief executive Officer Emmanuel F. Dooc said the program was in response to the clamor from senior citizens to put an end to the growing incidence of pensioners falling victims to loan institutions that offer steep interest rates and to help them with their short-term needs like emergency medical expenses.
“As we celebrate the 61st anniversary of SSS, the launching of this program is our way of extending our assistance to our dear pensioners. SSS would not be able to reach 61 strong years if not for the contributions of our pensioners during the time that they were still strong and working,” Dooc said.
“This is just the beginning of our month-long anniversary celebrations. For pilot implementation, PLP will be offered in 20 branches serving the highest number of retiree pensioners. All 171 branches of SSS will accept PLP applications as soon as our system is ready for the full-scale implementation. Our pensioners need not to worry if PLP is not yet available in SSS branches nearest them because they may apply in the first 20 branches,” Dooc added.
The 20 SSS branches that will accept PLP applications starting today are: Diliman, Kalookan, Pasig-Pioneer (Shaw), New Panaderos (Mandaluyong), Manila, Makati-Gil Puyat, Alabang, Naga, Dagupan, Baguio, Ilagan, Bacoor, Binan, Cebu, Tacloban, Iloilo Central, Cagayan De Oro, Davao, General Santos, and Zamboanga.
