CEBU, Philippines – Newly hired employees of private establishments should inform their new employers if they have pending loans with the Social Security System (SSS) so as not to cause problems to their fellow workers in the future.
Aside from the regular SSS members with delinquent loan, those self-employed or voluntary-paying members are also encouraged to apply for a loan amnesty program if they failed to settle their obligations.
The SSS is offering a penalty condonation program for unremitted or delinquent loan amortizations of employees for six months until on June 30, 2011. But the program will only apply to penalties for unremitted or delinquent loan amortizations due on or before April 1, 2010.
While the employers, through their representatives, countersigned the loan applications of their employees, many of them did not know their obligations.
Some employers failed to require their new employees to submit certifications from the SSS confirming that they do not have pending loan obligations.
Because of the unpaid loans, which already reached billions of pesos, the SSS decided to stop granting loans to members working in companies with unsettled loans. However, it extended the amnesty deadline to June 30.
The SSS urged members to remind their employers of the deadline as this will be an opportunity for them to clean their records. Once their loan records are updated, employees can apply for short-term member loans.
Loans are charged 10 per cent interest annually for a term of two years and a one per cent penalty for overdue payments. Unpaid loans also incur continuing interest and penalties. (FREEMAN NEWS)
World Day for Safety and Health at Work
“Safety and health at work every day!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos
Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
