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SSS Condonation Program

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Members' Guide on the SSS Condonation Program

Published in: Education
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  • DOWNLOAD FULL BOOKS, INTO AVAILABLE FORMAT ......................................................................................................................... ......................................................................................................................... 1.DOWNLOAD FULL. PDF EBOOK here { https://tinyurl.com/y6a5rkg5 } ......................................................................................................................... 1.DOWNLOAD FULL. EPUB Ebook here { https://tinyurl.com/y6a5rkg5 } ......................................................................................................................... 1.DOWNLOAD FULL. doc Ebook here { https://tinyurl.com/y6a5rkg5 } ......................................................................................................................... 1.DOWNLOAD FULL. PDF EBOOK here { https://tinyurl.com/y6a5rkg5 } ......................................................................................................................... 1.DOWNLOAD FULL. EPUB Ebook here { https://tinyurl.com/y6a5rkg5 } ......................................................................................................................... 1.DOWNLOAD FULL. doc Ebook here { https://tinyurl.com/y6a5rkg5 } ......................................................................................................................... ......................................................................................................................... ......................................................................................................................... .............. Browse by Genre Available eBooks ......................................................................................................................... Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult,
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  • Dear SSS, Can you please extend the condonation program for 2017 for small employers whose employees have no SSS premium deduction?
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  • hi.. I would like to ask if you still have this condonition program this year 2017?
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  • Dear SSS,

    paki balik naman po ninyo ang condonation program.

    thank you po.
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SSS Condonation Program

  1. 1. What member loans arecovered by the Program?
  2. 2. Salary Loans
  3. 3. Calamity Loans
  4. 4. Emergency Loans
  5. 5. Stock Investment Loans
  6. 6. Privatization Fund
  7. 7. Educational
  8. 8. Special Educational Loan for Y2K Conversion
  9. 9. What is the eligibility requirement ?
  10. 10. What is the eligibility requirement ?
  11. 11. What is the eligibility requirement ?• Employers mustpayment updated in the be of their employees’ contributions• Employers who are delinquent in the payment of their SSS contributions must first settle their delinquency in full through outright payment or submission of an installment proposal
  12. 12. Who can avail of the program?
  13. 13. Who can avail of the program?
  14. 14. Who can avail of the program?
  15. 15. Who can avail of the program?
  16. 16. Who can avail of the program?2. Employers of employees with delinquent loans granted under current or previous employer or whose loans were granted as self-employed/voluntary-paying members.
  17. 17. What is condoned under the Program?
  18. 18. • The program shall condone only penalties on unremitted or delinquent loan amortizations.• The outstanding loan obligation is composed of the principal and interest due on or before 01 April 2010
  19. 19. When is the availment period? January 3, 2011 to June 30, 2011
  20. 20. What are the modes of payment?
  21. 21. Full PaymentPay within the period of effectivity of theProgram the full amount of the delinquent loan(principal and interest) through any SSS branchwith tellering facilities or authorized collectionagent of the SSS.Interest is computed up to the settlement ofloan based on the prevailing interest rate at thetime the loan was approved.
  22. 22. Installment PaymentSubmit a proposal to pay the amount ofdelinquent loan (principal and interest) ininstallment to the SSS Branch havingjurisdiction over its place of business.
  23. 23. What are the documentaryrequirements for submission?
  24. 24. Full PaymentSubmit the accomplishedApplication for MemberLoan Penalty CondonationProgram for Employers and;Loan Delinquency reportsigned by the employer inthe “conforme” portion
  25. 25. Installment PaymentSubmit the accomplishedApplication for Member LoanPenalty Condonation Programfor Employers together withthe following:
  26. 26. • Loan Delinquency report signed by the employer in the “conforme” portion
  27. 27. • Agreed installment payment computation• Installment proposal signed by the authorized signatory of the company
  28. 28. • Notarized Promissory note signed by the authorized signatory of the company ED R IZ A N OT
  29. 29. • Secretary’s certificate in case the corporation is operational or equivalent instrument in case of an unincorporated employer, authorizing such officer to sign the proposal in behalf of the employer
  30. 30. Terms & Conditions of the Installment Payment
  31. 31. Terms & Conditions of the Installment Payment
  32. 32. Terms & Conditions of the Installment Payment1. Payment in equal monthly installment within a period not exceeding twenty-four (24) months from date of the approval of the proposal2. The total amount due shall bear an interest rate of three percent (3%) per annum. The monthly installment payments shall be computed using the Amortization Factor Table.
  33. 33. Terms & Conditions of the Installment Payment
  34. 34. Terms & Conditions of the Installment Payment3. Current contributions and loan amortizations of its employees shall be paid every month as they fall due.4. Managing head, director or partner shall sign the installment proposal and the promissory note
  35. 35. Terms & Conditions of the Installment Payment
  36. 36. Terms & Conditions of the Installment Payment5. Upon approval of proposal, employer shall issue corresponding post-dated checks payable to SSS to cover all monthly installments. Checks shall be under corporate’s name, if company is a corporation, or under business name/ name of the owner, if single proprietorship6. Failure by employer to comply with the requirements shall automatically terminate the approved installment proposal and shall have the same effect as in case of default in the payment of any installment
  37. 37. What are the effects of failure to pay in full or default installment?
  38. 38. In case the employer fails to pay in fullthe loan amortizations or defaults in thepayment of any installment within theperiod provided in the approvedinstallment proposal, the penalties shallbe re-imposed on the remaining balanceand shall continue to accrue until thedelinquent account is paid in full.
  39. 39. For more information on this program, visit an SSS Servicing Branch nearest you or check our web site at: www.sss.gov.ph forms are also available for download, just click on the Downloadable Forms link
  40. 40. You may also send us an email thru: member_relations@sss.gov.ph
  41. 41. SSS, Kabalikat Natin!

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