The Social Security System (SSS) is urging pensioners affected by recent typhoons to avail of a three-month advance on their pensions before December 21. On Friday, SSS officer-in-charge Voltaire Agas announced that this advanced payment is provided as financial assistance to SSS and Employees’ Compensation (EC) pensioners in towns and cities hit by consecutive tropical cyclones. “We have experienced an unusual series of storms sweeping the country only several days apart, causing massive destruction.
At SSS, we recognize that among those affected are our pensioners who need immediate help,” Agas stated. SSS must extend its full support and assistance to both SSS members and pensioners who need financial aid as they recover from the cyclones’ aftermath,” he added. Qualified pensioners are those in areas declared under a state of calamity by the National Disaster Risk Reduction and Management Council.
SSS provides three-month advance pensions
Agas clarified that SSS and EC pensioners who have received advance payments from previous calamity assistance programs and those whose pensions are suspended can still apply for this assistance. “Existing partial disability pensioners can also avail of the advance pension for the remaining months of their partial disability pension or for the three-month period, whichever is shorter,” he explained.
After this period, the pensioner’s monthly pension will automatically resume in the fourth month. Additionally, SSS retirement pensioners can borrow under the SSS Pension Loan Program, with options equivalent to three, six, nine, or 12 times their monthly pension, up to a maximum of P200,000. We offer flexible payment terms ranging from six to 24 months, depending on the loan amount.
We hope the SSS pension loan can help our calamity-stricken pensioners rebuild their lives after the storms,” Agas emphasized. For more information, pensioners are encouraged to contact their respective SSS offices.
