The Social Security System (SSS) has disbursed over P1.15 billion in calamity loan assistance to nearly 70,000 members affected by recent typhoons, just two weeks after launching the program.
Carlo C. Villacorta, SSS Acting Head for Public Affairs and Special Events Division, said the loans aim to support members recovering from tropical cyclones Kristine, Marce, Nika, Ofel, and Pepito.
“The extreme weather has significantly impacted our members’ finances. These loans are designed to help replace or repair damaged properties, aiding recovery in time for the holidays,” Villacorta noted.
The calamity loan is available to members residing in areas declared under a state of calamity by the National Disaster Risk Reduction and Management Council (NDRRMC).
Affected members have until December 21, 2024, to apply for the loan through their My.SSS accounts.
To qualify, members must have at least 36 monthly contributions, six of which must be posted within the 12 months before filing the application.
Self-employed, voluntary, and land-based Overseas Filipino Worker (OFW) members must have at least six posted contributions under their current membership type to be eligible.
Other requirements include no final benefit claims for permanent total disability or retirement, no overdue short-term loans, and no outstanding restructured or calamity loans.
For employed members, applications must also be certified by their employer through the My.SSS facility.