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
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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