Last week we celebrated Grandparents’ Day by hosting an online forum on the topic “Da BeSSS and Lolo’t Lola ko” via our Facebook page. Grandparents’ Day is a tribute to all our grandparents to be our pillars and models in the culture of good values for all grandchildren. At SSS, we have also placed importance on their contribution to society by hosting a simple yet engaging, fun and informative virtual event.
Online activities include an audio-visual presentation of the benefits and a lecture on immunization for the elderly. It was also an opportunity for us to discuss the Pension Loan Program (PLP).
The PLP, launched in September 2018, is a low interest loan that we offer to our retirees. We understand that for some people, their monthly pensions may not be sufficient to support themselves and they may need financial assistance for certain emergencies such as medical needs and hospitalization.
To be eligible for the PLP, a retiree-pensioner must:
- be 85 years of age or under at the end of the last month of the loan term;
- have no deductions, such as the outstanding loan balance, the overpayment of benefits payable to SSS, etc. on his monthly pension;
- not have an existing early pension under the SSS Calamity Package; and
- have been receiving their regular monthly pension for at least a month and pension status must be “active”.
The loanable amount for the PLP is based on the Basic Monthly Pension (BMP), including the additional benefit of 1,000 pesos with a maximum loanable amount of 200,000 pesos and an annual interest rate of 10%. Dependent’s pension, if applicable, is not included.
For new applicants, we require that the deposit be made in person by going to the SSS branch following the branch appointment system. Please take note of new alert level patterns and granular lockouts implemented in some areas.
Renewals can now be done online. Just make sure that you have a My.SSS account on the SSS website, a current and active mobile phone number, and that you must have one of the following: a valid SSS UMID-ATM card or a UBP Quick card with savings account number registered with SSS. The SSS retiree-pensioner savings account number will be included as one of the disbursement channels when implementing the PESONET payment facility.
We have carried out successive campaigns on the PLP in order to be able to help our retirees in these difficult and difficult times. Since travel is limited, we understand that our retirees cannot come directly to the branch to inquire, so we have offered this program online for their convenience and safety.
Previously, we have received reports of cheaters and crooks taking advantage of our retirees by persuading them to join them in going to the SSS agency to apply for the PLP. We would like to clarify that although some branches are stepping up the campaign for the PLP to increase the number of loan seekers, we do not allow third parties or persons (whether natural or legal) other than civil servants and legitimate employees of SSS to offer this program. . This may just be one of their tactics to cheat our retirees, which is why we all need to be more wary of the people we deal with and refrain from doing transactions with third parties who promise to handle the process. in your name. In addition, it is best that you do not give your information, password or ATM PIN to anyone to protect your account.
For other concerns, our retirees can message our social media accounts or email us at [email protected]. They can also browse our pages on our uSSSap Tayo portal, accessible via http://crms.ss.gov.ph (for mobile phone users) or visit www.crms.sss.gov.ph for desktops and laptops.
I hope we can all do our part to protect our retirees from fraudulent scammers. If we see or know someone or have come across a social media group trying to offer SSS services for a fee, please do not hesitate to report it to SSS. They will be properly treated.
Have a safe and productive week ahead!
Aurora C. Ignacio is President and CEO of SSS.
We welcome your questions and ideas on the topics we discuss. E-mail [email protected] for topics you might want us to discuss.