The Manila Times
THE Social Security System (SSS) is studying loan payment moratorium for its members and condonation program for employers to ease the burden of surging fuel prices. SSS President and CEO Robert Joseph de Claro said the measures aim to provide immediate relief to SSS members and employers struggling with financial difficulties in the wake of the unabated increase in fuel costs due to the war in the Middle East. “This would ensure they can continue to access vital benefits without an added burden,” de Claro said in a statement. He said the agency is also assessing options for extending contribution payment deadlines for employers and individual paying members, providing greater flexibility amid the current situation. "We recognize the hardships many Filipinos are enduring as we remain committed to protecting the welfare of our over 40 million members,” de Claro said. “We are expediting internal reviews and consultations with stakeholders to roll out these support initiatives as swiftly as possible, while safeguarding the long-term sustainability of the SSS fund," he added. Mandated to provide social protection to private sector workers, self-employed individuals and overseas Filipino workers, the SSS said it is also actively pursuing digital initiatives to simplify administrative and implementation processes to reduce compliance burden and ensure the timely delivery of relief measures and services. The SSS assured the public that updates on these programs will be announced through official channels once finalized. Members and employers were encouraged to visit www.sss.gov.ph or its official social media channels for the latest information on its programs.
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