SSS offers Loan Restructuring Program

BALANGA CITY, Bataan – The state-run Social Security System (SSS) has introduced the Loan Restructuring Program to help agency’s members settle their unpaid loans.

“The SSS launched the Loan Restructuring Program to provide the opportunity to the delinquent members to settle unpaid loans”, said  SSS Senior Communication Analyst Maureen Inocencio during her guesting at Radyo Balita 98.3 FM Smile Radio this city on Friday.

“Members can pay their past due loan and interest in installment basis. The program offers condonation of loan penalties”, she said.

“SSS members cannot avoid paying their overdue SSS loans since these are deducted from final benefit claims such as retirement, total permanent disability and death. Any delay in loan payments lead to accumulation of interest and penalties”, she explained.

“They (members) should take the opportunity of this program for this is only for one year”, she added.

Inocencio advised SSS members, who are interested to avail of the restructuring program, to visit SSS office and to fill up the application form as well as to submit other requirements.