Members of the Social Security System (SSS) can no longer apply for salary loans if they are not registered in the pension fund’s online portal.
According to a Real-Time Process of Loans (RTPL) Quick Reference Guide published by the SSS on November 6, 2019, all salary loans must be filed online starting November 11.
“To avail of a Salary Loan, the member must register first at www.sss.gov.ph. Those without access to internet may proceed to nearest SSS Branch to avail of the e-Center facility for registration and/or loan application,” the publication read.
The guide was signed by Pedro Baoy, chairperson of the project team for the RTPL.
Calamity, emergency, and education assistance loans will still have to be filed in SSS branches for the documentary requirements.
“However, member’s registration at My.SSS will be a mandatory requirement for application,” it read.
The SSS is a government-owned and controlled corporation (GOCC) which operates the social insurance program for private sector employees.
Members are entitled to a package of benefits under the Social Security and Employees’ Compensation (EC) Programs in the event of death, disability, sickness, maternity, and old age. —Jon Viktor Cabuenas/VDS, GMA News