Is there a SSS condonation program for 2021?
2021-014 of SSS, the availment period for the condonation program is up to three months commencing on November 15, 2021. The program is eligible or open for all: Member-borrowers who have not been disqualified due to fraud committed against the SSS.
What is SSS loan restructure program 2021?
What is the SSS Loan Restructuring Program? The SSS Loan Restructuring Program (LRP) allows Filipinos with unpaid SSS loans to settle their outstanding balance under a restructured repayment term. Qualified SSS members can avail of the program for three months starting November 15, 2021.
Is there a condonation in SSS?
Here’s good news: This November, SSS is offering the Contribution Condonation Penalty Program to all employers who are delinquent in the payment of SS contributions and/or penalties covering the applicable month of March 2020 and onwards.
What is condonation program of SSS?
The Housing Loan Restructuring and Penalty Condonation Program allows qualified SSS housing loan borrowers, successors-in-interest, and legal heirs to pay outstanding principal interest, insurance dues, and legal expenses within 90 days from their notice of approval.
How can I pay my SSS loan past due?
Yes. To pay your remaining loan balance in full, log in to the SSS member portal and click “RTPL PRN” on the main menu. Make sure you haven’t paid your most recent loan bill yet otherwise the billing statement won’t be displayed. Look for “Amount to be Paid” and enter the exact amount of your outstanding balance.
How do you calculate loan restructure?
- List each outstanding loan along with its interest rate.
- Multiply the outstanding balance of each loan by its interest rate to find the weighted loan balance.
- Add all of the weighted loan balances.
- Divide the total weighted loan balance by the total amount of debt outstanding, and then multiply the result by 100.
How much can I loan in SSS for the second time?
You can borrow as much as PHP 30,000 minus taxes for this. If you’re applying for the second time onwards and you have no outstanding payments, this is what you can expect to get. Finally and most importantly, you must be under the age of 65 when you apply for the loan.
Where can I pay my SSS penalty?
Payment shall be made at any SSS branch with tellering facility, SSS-accredited bank or SSS-authorized payment center.
How can I pay my SSS salary loan unpaid?
How to Pay SSS Salary Loan: A Step-by-Step Guide.
- Obtain a Payment Reference Number (PRN).
- Pay your salary loan.
- Wait for your payment to be posted.
- Install the SSS mobile app on your phone.
- Log in using your user ID and password.
- Click the floating “+” icon.
- Under LOANS, select Balance.
What is condonation program?
4) that the social security (SS) contribution penalty condonation program will allow qualified employers to pay overdue SS contributions, covering period March 2020 to present, in full or installments within a period of four to 24 months, depending on how much deficiency they owed.
Is there SSS condonation program for 2019?
Under the auspices of the recently enacted Social Security Act of 2018, which took effect on 05 March 2019, the SSS implemented its SSS Contribution Penalty Condonation Program. The unpaid premiums may be paid in full, or through installment, subject to approval by the SSS of the installment payment proposal.
Can you go to jail for not paying loan?
Not being able to meet payment obligations can make anyone feel anxious and worried, but in most cases, you won’t have to worry about serving jail time if you are unable to pay off your debts. You cannot be arrested or go to jail simply for being past-due on credit card debt or student loan debt, for instance.
When was the SSS contribution table for 2014 released?
SSS Contribution Table 2014: (click the pdf below this article for clearer view) On Tuesday, October 8, 2013, the webmaster of www.sss.gov.ph released the latest contribution table by sharing the documents on SlideShare.
When is the due date for SSS contributions?
Kung kayo naman ay voluntary member at ang inyong SSS No. ay nagtatapos sa 7-8 (na ang due date sa payment eh every 25th of the month) or 9-0 ( na ang due date sa payment eh every end of the month) pede pa po yun mabayaran..
What’s the current monthly contribution limit for SSS?
With the recent increase in SSS monthly contributions, SSS President Emilio de Quiros said during an interview with ANC, that they plan to hike the monthly salary credit ceiling from P15,000 to P16,000. Pension will also go up more than P13,000 from the current P12,000 and burial benefits will increase from P30,000 to P40,000.