Financial, OFW Finance, SSS Updates
SSS pension loan releases reach the P5B mark
“Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this.”
-Dave Ramsey-
SSS pension loan releases reach the P5B mark
This photo was taken from: Facebook: Philippine Social Security System – SSS
It is a great joy to announce to you that Philippine Social Security System (SSS) was able to release P5B pension loans. The SSS hits its P5B mark in releasing pension loans benefitting 138,917 pensioners for the period September 2018 to July 2020. The purpose of the pension loan disbursements is to help and provide those pensioners who are facing financial difficulties.
According to SSS, the Pension Loan Program was launched last 2018 to provide a secure, low-interest, and convenient loan program to its retiree-pensioners. In 2019, SSS increased the loanable amount to 12 times their basic monthly pension plus the additional P1,000 benefit. The age limit was also extended to 85 years old at the end of the month of the loan term.
I’m telling you now that you should keep your faith in SSS and its process. Keep on contributing to SSS because this will help your finances in the future. In case of financial difficulties, SSS is always there to help with your finances. Start saving now, to have a brighter future ahead!
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A multi-award-winning blogger and advocate for OFWs and investment literacy; recipient of the Mass Media Advocacy Award, Philippine Expat Blog Award, and Most Outstanding Balikbayan Award. Her first book, The Global Filipino Bloggers OFW Edition, was launched at the Philippine Embassy in Kuwait. A certified Registered Financial Planner of the Philippines specializing in the Stock Market. A recognized author of the National Book Development Board of the Philippines. Co-founder of Teachers Specialist Organization in Kuwait (TSOK) and Filipino Bloggers in Kuwait (FBK). An international member of writing and poetry. Published more than 10 books. Read more: About DiaryNiGracia
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