SSS puts mandatory use of PRN for loan payments in effect

Starting July 1, 2021, covered members and employers are now required to use Payment Reference Numbers (PRN). PRN is used for their Salary, Calamity, Emergency, and Restructured loan payment transactions to facilitate the immediate and correct posting of loan payments to their matching loan accounts.

The implementation of the PRN was delayed and supposed to be implemented last February 1, 2021. According to SSS President and CEO Aurora C. Ignacio, to give employees ample time to register in the My.SSS portal, it was move to July 1. Through the My.SSS account, users can now update their email addresses and mobile numbers. Using the updated info, users can receive their PRN for loans notification on time.

The PRN for loans is a system-generated number corresponding to a loan billing statement of an individual member (self-employed, voluntary, or Overseas Filipino Worker members) or employer. Every first to the sixth day of the month, the SSS generates loan billing statements and notices with PRNs and sends them to the registered email addresses and mobile numbers of individual members and employers. Aside from sending the statements and notices through email and SMS, these are also available starting every seventh day of the month in the PRN-Loans tab of the My.SSS portal in the SSS website (www.sss.gov.ph).

Individual members abroad may also course their payments through the foreign branches of the Philippine National Bank, Ventaja International Corporation, and i-Remit, Inc. SSS also announces that a facility to generate PRN for individual members is now available through the PRN-Loans module in their My.SSS account. It will serve as an alternative facility for recently separated employment members whose loan billing is still included in their employer’s PRN but would like to continue paying their loans as individual members. Educational Assistance Loans (EALs), however, are not yet included in the PRN billing system. Members with EALs will still have to make payments through any SSS branch with ATS using the Payment Slip for Short-term Member Loans form.

 

 

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