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SSS Refunds 2020 Loan Payments Of Pension Loan Borrowers

Pensioners may also renew their applications after the expiration of their original loan payment term. However, the remaining balance from the pensioners’

SSS refunds 2020 loan payments of pension loan borrowers

The Social Security System (SSS) announces that it started refunding one to two months of loan payments collected from its pension loan borrowers under the Pension Loan Program (PLP) in 2020 effective January 20, 2022. PLP was launched in September 2018 to help retiree pensioners with their short-term financial needs…

CEO: SSS refunds April, May payments of loan borrowers

CEO: SSS refunds April, May payments of loan borrowers
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SSS refunds pension loan borrowers April, May payments – Manila Bulletin

Social Security System (MANILA BULLETIN FILE PHOTO) In a statement, SSS President and CEO Aurora Ignacio said the agency has already refunded the April and May 2020 loan payments to more than 56,000 pensioners who borrowed from its Pension Loan Program (PLP) starting December 9. According to Ignacio, those entitled to the refunds are pensioners whose monthly pensions for April and May were deducted under the PLP and are currently amortizing as of the implementation date.   With this, pensioners who paid their loan amortizations for April and May 2020 received a two-month refund, while those who only started paying their loan amortizations in May got a one-month refund.

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