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Two Government Calamity Funds Filipinos Should Hear About

https://www.sunstar.com.ph/article/1810112

Social Security System (SSS) help for earthquake victims (members and pensioners solely) in Mindanao

Members and pensioners of SSS whose house is broken by the earthquake in Mindanao are actually invited to avail the Calamity Assistance Package. This is just for individuals who owned a house positioned within the earthquake-stricken areas acknowledged by the National Disaster Risk Reduction and Management Council (NDRRMC) as below the state of calamity. Specifically, these locations are the Municipalities of Makilala, Bansalan, Matanao, Tulunan, and Kidapawan City. The announcement was made final November 2019.

Members who can avail will need to have not less than 36 month contributions and the quantity that may be loaned is equal to the one month wage credit score (MSC). They are additionally required to register on My.SSS for the billing functions. OFW/seafarer members who reside on the mentioned areas are additionally certified to avail this system however with their letter of authorization. They should additionally submit a Barangay Certificate as a proof of residency on the mentioned areas. However, retiree pensioners are usually not certified to use for the advance three-month pension. 

https://sssguides.com/sss-accepts-application-to-the-usman-calamity-assistance/

In addition, certified candidates also can apply on the Direct House Repair and Improvement Loan Program and may borrow as much as a most of P1 million. Applicants for this program should not be greater than 60 years outdated and with not less than 24 month contributions. The deadline for utility of Calamity Assistance Package is on February 17, 2020 and for the Direct House Repair and Improvement Loan utility is on November 17, 2020.

For extra particulars about this, please go to your nearest SSS workplace or verify this hyperlink:

https://pia.gov.ph/press-releases/releases/1030370

https://sssguides.com/calamity-loan-three-month-advanced-pension-offered-sss-disaster-stricken-areas/

SSS calamity help to Typhoon Tisoy victims

Typhoon Tisoy victims who’re members and pensioners of SSS are actually additionally inspired to use for the Calamity Assistance Package (CAP). These members needs to be residents from Southern Luzon and a few elements of Visayas area, together with Naga City, Sorsogon, Albay provinces, Catanduanes, Masbate, and Camarines Sur. The particular kind of loans are the calamity mortgage, direct home restore and enchancment mortgage, and superior three-months pension. The program began final December 20, 2019 and can finish on March 19, 2020 (apart from direct home restore and enchancment mortgage).

The members who wish to apply for these CAP loans can borrow as much as P40,000 however relying on their common final 12 month wage credit score and are payable in two years. It has a yearly rate of interest of 10%. Late payers may also have 1% month-to-month penalty. Applicants should additionally register to My.SSS for the billing functions and will need to have a Barangay Certificate as a proof that they really dwell within the mentioned calamity space. 

For extra particulars on these applications, go to the SSS workplace or verify this hyperlink:

https://pia.gov.ph/press-releases/releases/1032521

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