SSS Starts Offering Calamity Loan Assistance Package for its Members

On January 14, 2022, the Social Security system began offering the Calamity Assistance Package for members and retirees. The Calamity Assistance Package, according to President and Chief Executive Officer Aurora C. Ignacio, consists of the Calamity Loan Assistance Program (CLAP) and Direct House Repair and Improvement Loan for members, as well as a three-month advance pension for pensioners in areas affected by typhoon Odette, as declared by the National Disaster Risk Reduction and Management Council

MIMAROPA, the Western Visayas, the Central Visayas, the Eastern Visayas, Northern Mindanao, and CARAGA are some of the locations that may be eligible for the Calamity Assistance Package. The Calamity Loan Assistance Program provides qualified members with a loan in the amount they applied for as long as it was equal to or less than their one-month salary credit, which was calculated using the average of their previous 12 monthly credits. To be eligible for the three-month advance pension, retirees must be residents of the typhoon-affected districts and have no outstanding loans.

SSS can really help us in hard times be it calamities, retirement, and offers benefits but it is up to us if we want to take advantage of the opportunities that they have given us. What SSS provides us is assurance in social security and its help is not only mentally but financial

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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