SSS offers calamity loan for Taiwan OFWs

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(UPDATES) FOR the first time ever, the Social Security System (SSS) announced on Friday that its members affected by the recent magnitude 7.4 earthquake in Taiwan may avail of a calamity loan until Aug. 20, 2024.

FOR the first time ever, the Social Security System announced on Friday that its members affected by the recent magnitude 7.4 earthquake in Taiwan may avail of a calamity loan until Aug. 20, 2024.SSS is offering the Calamity Loan Assistance Program to its members living, residing or working in Taiwan, where an earthquake took place on April 3, 2024, the social insurer's President and Chief Executive Officer Rolando Ledesma Macasaet said in a statement.

Under the CLAP, qualified members can borrow a loan equivalent to one monthly salary credit or up to P20,000.To qualify, affected members must have a My.SSS account at www.sss.gov.ph; have at least 36 monthly contributions, six of which must be posted within the last 12 months before the month of filing of application; and must be an OFW SSS member.

 

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Quake-hit SSS members in Taiwan may apply for calamity loanMANILA, Philippines — For the first time, the Social Security System (SSS) announced on Friday that members affected by the recent Magnitude-7.4 earthquake in Taiwan may avail of a calamity loan until Aug. 20, 2024.
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