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)
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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