The Social Security System (SSS) reminds qualified retirees-pensioners who wish to renew their loans under the Pension Loan Program (PLP) to submit their application online through the My.SSS member portal.
SSS President and CEO Aurora Ignacio said the online function for PLP has been added to said portal since September 2020 to provide an easier and safer channel for SSS retirees to benefit from the program. ready.
âFor most of the first quarter of 2020, those who would like to apply for the PLP can easily do so through our branches. But the first quarter of this year was another story. Quarantine restrictions are being imposed to limit the spread of Covid-19, “Ignacio said.
SSS retirees-pensioners who meet the program eligibility requirements are qualified to use the PLP online application method. These include age 85 or younger at the end of the month of their loan term; no deduction (outstanding loan balance, overpayment of benefits, etc.) from their monthly pension and existing early pension under the SSS Calamity Assistance Package; holds a Unified Multipurpose Identification Card registered as an ATM card (UMID-ATM) or a Union Bank of the Philippines (UBP) fast card as disbursement accounts; and receives a regular monthly pension for at least one month, and the pension status is âActiveâ.
Excluded from the PLP are retirees-pensioners under the portability law and those under the care and custody of a guardian.
In addition, applicants who would use the online method must have a My.SSS account on the SSS website www.sss.gov.ph and a current and active mobile phone number registered with the SSS.
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